By Iman Kumar Mitra, Ranabir Samaddar, Samita Sen
This quantity seems to be at how accumulation in postcolonial capitalism blurs the limits of area, associations, kinds, monetary regimes, labour tactics, and monetary segments on one hand, and creates zones and corridors at the different. It attracts our recognition to the abnormal yet structurally priceless coexistence of either primitive and digital modes of accumulation within the postcolony. From those significant inquiries it develops a brand new figuring out of postcolonial capitalism. The case experiences during this quantity talk about the construction of city areas of capital extraction, institutionalization of postcolonial finance capital, gendering of labor types, 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 out completely addressing the postcolonial .
through difficult the validated dualities among citizenship-based civil society and welfare-based political society, exploring severely the query of colonial and postcolonial distinction, and foregrounding the fabric methods of accumulation opposed to the culturalism of postcolonial experiences, this quantity redefines postcolonial stories in South Asia and past. it's worthwhile interpreting for college kids and students of South Asian experiences, sociology, cultural and significant anthropology, serious and praxis stories, and political technological know-how.
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Extra info for Accumulation in Post-Colonial Capitalism
The reality is otherwise—particularly in this age of neoliberal globalization and new finance with sporadic crises and instability in the financial market jeopardizing the real economy and the market. Fourthly, neoliberal ideal economy is based upon free competition because that can only, at least, theoretically guarantee individual freedom and efficiency. The reality is otherwise. The last 30 years of ‘free competition’ have led to concentration of economic power (and political power too) in the hands of a few corporate giants all over the 34 B.
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.
Now, he/she does not work for 5 h only. Rather, as per the contract with the productive capitalist the direct producer works for 12 h a day. And this extra 7 h of work goes totally unpaid. Rather, the value of these extra hours over his/her necessary labour time is robbed by the productive capitalist as the surplus value. Note that here non-performer of the surplus value, viz. the productive capitalist, appropriates the surplus value performed by the direct producers. Hence, the capitalist production process entails exploitation, the rate of which is determined by surplus value generated per unit of variable capital.