SOC103H1 Lecture Notes - Lecture 4: Capital Accumulation, Free Market, Primitive Accumulation Of Capital
Document Summary
Sociology: colonialism march 1st colonialism as a globalizing force for capitalism. World system vs global system: discuses the first stage of major capitalism: colonialism. Resources + labour + market: the 3 things needed for capitalism. Capitalists always need extra labour more than they can employ so that they can discipline the working class. The capitalist mode of production bc of the need of resources/labour/markets. Working definition of colonialism: a form of domination where one nation dominates another through political/economic and military means. Colonialism was a process that was economically driven by economc motives; made possible through violence w/o it wouldn"t have happened. We see the emergence of slavery as an instituation and racism as an ideology. Colonialism draws many parts of the world being connected and part of one system which is comepltetely economically based: the capitalism system. India was colonized primarily bc it was a potential market of consumers. Americans was colonized for its land and natural resources.
