GEOG 1410 Lecture Notes - Lecture 16: Primitive Accumulation Of Capital
24 Feb 2018
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Document Summary
Land reforms in many societies (japan, india) Poor peasants: cannot meet need, may work as wage labourers and on their own land. Middle peasants: family farmers, labour on land, do not hire wage labourers. Some farmers have more labour to work on the land, they are more efficient producers, as a result they can buy others land. Others go into debt, sell their land to pay loan. Rich peasants: accumulate: don"t have as much land, need to perform labour, can still hire workers. Capitalist landlords: they lease land for rent, half of what is produced, and they do nothing. When market intervenes, a uniform mass of people can become differentiated into different classes. Factors conditioning class differentiation and fate of petty commodity production. Not everyone will be equal, location to market. Changing weather condition, located in storm/flood zones. Prices of inputs vs outputs - terms of trade. Buy fertilizer, selling wheat; price of fertilizer rises and farmers lose profit.
