IDSB01H3 Lecture Notes - Lecture 8: Mercantilism, Enclosure, Finance Capitalism
22 Feb 2015
School
Department
Course
Professor
Document Summary
Upload to bb by 11pm march 31 (monday) Physical copy 1pm wednesday april 2. Marxian political economy part iii imperialisms and accumulation by disposession. Crisis theory: three theories of crisis, underconsumption, falling rate of profit. Taxes on indian taxes leaving the country. > can"t weave: not equivalent to colonialism (not on exam, colonialism relates to an earlier era 15th-18th centuries, nation states establishing colonies in the new world and the global south. Bringing the new territory into the mother nation. Political manifestation of claiming territory as their own: in many instances the colonies provided inputs into the capitalist system of the colonizing nation (esp. African countries), but weren"t necessarily brought into the capitalist provisioning: mercantilist provisioning interested in extracting resources, imperialism late 19th century (till today) when britain was looking to expand their markets. Types of crises averted by imperialism: undercomsumption, luxemburg: trade w/ non-kist societies is necessary to stabilize capitalism.
