By Iman Kumar Mitra, Ranabir Samaddar, Samita Sen
This quantity appears to be like at how accumulation in postcolonial capitalism blurs the limits of area, associations, varieties, monetary regimes, labour tactics, and financial segments on one hand, and creates zones and corridors at the different. It attracts our awareness to the atypical yet structurally valuable coexistence of either primitive and digital modes of accumulation within the postcolony. From those significant inquiries it develops a brand new knowing of postcolonial capitalism. The case reviews during this quantity speak about the construction of city areas of capital extraction, institutionalization of postcolonial finance capital, gendering of labor kinds, institution of recent varieties of labour, formation of and adjustments in caste and racial identities and networks, and securitization―and thereby determine that no learn of up to date capitalism is whole with no completely addressing the postcolonial situation.
through not easy the proven dualities among citizenship-based civil society and welfare-based political society, exploring seriously the query of colonial and postcolonial distinction, and foregrounding the fabric techniques of accumulation opposed to the culturalism of postcolonial stories, this quantity redefines postcolonial stories in South Asia and past. it truly is necessary studying for college students and students of South Asian reviews, sociology, cultural and demanding anthropology, severe and praxis stories, and political science.
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Extra resources for Accumulation in Post-Colonial Capitalism
Iii))>> Containing fiscal deficit which ultimately implies doing away with all kinds of social public expenditures and rendering social sector to be exploited for churning profit by the private enterprises, mainly by the large corporate (even MNC) business entities. (iv))>> Subsidizing capital (at any cost) when in general containment of fiscal deficit would do away with subsidies like food subsidies in a poverty-stricken space and thus making labour the risk-bearing factor of production (Johnson 1978).
The accumulation of surplus hinges on the magnitude of the appropriation of the surplus value by the non-performers of such surplus in a capitalist economy. By the latter we mean Flexible Labour and Capital Accumulation … 39 an economy which is predominantly characterized by capitalist class processes. A class process is capitalist if the commodity produced is sold in the market for monetary revenue and the surplus value is appropriated by the non-performer of such surplus, viz. the productive capitalists.
This goes on and on till a crisis hits the global capitalist structure. Neoliberal regime is also not without any crisis. However, culmination of crisis under neoliberalism calls for austerity programmes and hence, tightening the belts of the living labour further so as to ensure capital accumulation again and again. The crises which the capitalist world order has witnessed since the decade of 1980s with the outbreak of Third World debt crisis made capital dominate over living labour more and more stringently and not otherwise.
Accumulation in Post-Colonial Capitalism by Iman Kumar Mitra, Ranabir Samaddar, Samita Sen