The Link Between Primitive Accumulation and Colonialism
At the same time as local obstacles to investment in manufactures are being overcome, and a unified national market is developing with a nationalist ideology, Marx sees a strong impulse to business development coming from world trade:
"The discovery of gold and silver in America, the extirpation, enslavement and entombment in mines of the aboriginal population, the beginning of the conquest and looting of the East Indies, the turning of Africa into a warren for the commercial hunting of black-skins, signaled the rosy dawn of the era of capitalist production. These idyllic proceedings are the chief moments of primitive accumulation. On their heels treads the commercial war of the European nations, with the globe for a theatre. It begins with the revolt of the Netherlands from Spain, assumes giant dimensions in England's Anti-Jacobin War, and is still going on in the opium wars against China, &c. The different moments of primitive accumulation distribute themselves now, more or less in chronological order, particularly over Spain, Portugal, Holland, France, and England. In England at the end of the 17th century, they arrive at a systematical combination, embracing the colonies, the national debt, the modern mode of taxation, and the protectionist system. These methods depend in part on brute force, e.g., the colonial system. But, they all employ the power of the state, the concentrated and organized force of society, to hasten, hot-house fashion, the process of transformation of the feudal mode of production into the capitalist mode, and to shorten the transition. Force is the midwife of every old society pregnant with a new one. It is itself an economic power." (chapter 31, emphasis added).
Read more about this topic: Primitive Accumulation Of Capital
Famous quotes containing the words link, primitive and/or accumulation:
“Before I had my first child, I never really looked forward in anticipation to the future. As I watched my son grow and learn, I began to imagine the world this generation of children would live in. I thought of the children they would have, and of their children. I felt connected to life both before my time and beyond it. Children are our link to future generations that we will never see.”
—Louise Hart (20th century)
“Financiers are great mythomaniacs, their explanations and superstitions are those of primitive men; the world is a jungle to them. They perceive acutely that they are at the dawn of economic history.”
—Christina Stead (1902–1983)
“Every political system is an accumulation of habits, customs, prejudices, and principles that have survived a long process of trial and error and of ceaseless response to changing circumstances. If the system works well on the whole, it is a lucky accident—the luckiest, indeed, that can befall a society.”
—Edward C. Banfield (b. 1916)