Accumulation in Post-Colonial Capitalism by Iman Kumar Mitra, Ranabir Samaddar, Samita Sen

By Iman Kumar Mitra, Ranabir Samaddar, Samita Sen

This quantity appears to be like at how accumulation in postcolonial capitalism blurs the limits of house, associations, kinds, monetary regimes, labour techniques, and financial segments on one hand, and creates zones and corridors at the different. It attracts our consciousness to the unusual yet structurally valuable coexistence of either primitive and digital modes of accumulation within the postcolony. From those significant inquiries it develops a brand new realizing of postcolonial capitalism. The case stories during this quantity speak about the creation of city areas of capital extraction, institutionalization of postcolonial finance capital, gendering of labor kinds, institution of latest different types of labour, formation of and alterations in caste and racial identities and networks, and securitization—and thereby make certain that no examine of up to date capitalism is entire with no completely addressing the postcolonial .

by way of hard the confirmed dualities among citizenship-based civil society and welfare-based political society, exploring seriously the query of colonial and postcolonial distinction, and foregrounding the fabric strategies of accumulation opposed to the culturalism of postcolonial reviews, this quantity redefines postcolonial reviews in South Asia and past. it really is beneficial analyzing for college kids and students of South Asian stories, sociology, cultural and demanding anthropology, severe and praxis stories, and political technological know-how.

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781–794). Flexible Labour and Capital Accumulation … 35 One of the several subsidies or concessions which have been given to capital by the post-colonial neoliberal state is the guarantee that within its geographical boundaries its labour would be made relatively cheaper which would be also cheaper than other geographical spaces globally. This has significant implications (i) for necessary equivalent of surplus performed and (ii) for surplus labour performed (both in absolute and relative sense simultaneously).

The initial M is the money capital invested to procure means of production (MP) in commodity form from the market and also labour power (LP) as commodity from the market for labour. The surplus value thus produced is the difference between the final M′ (the money that the productive capitalist gets by selling the product in the market) and the initial M (the money capital invested to procure MP and LP from the respective market), viz. M-M′ = the quantity of surplus value. This surplus value is the result of nonpayment to the direct producers for a portion of their working hours.

This changed the role of the state from all-encompassing welfarist to minimalist—a state which would only take care of law and order and would 32 B. Dasgupta own only the means of violence to protect individual freedom and private property rights. Around 1978, neoliberalism began its journey in the then communist China. Deng Xiao Ping took the advice of Milton Friedman and rolled out one neoliberal policy after another with the state remaining in control of economy and society. In India, the inclination towards neoliberalism started during 1985–1986 when Rajiv Gandhi became the prime minister.

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