From: Jerry Levy (Gerald_A_Levy@MSN.COM)
Date: Wed Dec 06 2006 - 10:11:18 EST
[AUT] Imperialism, from list to listWho was the first person after Marx who suggested the following definition and understandings of primitive accumulation of capital? Paul Z: do you know? In solidarity, Jerry =================================== [Loren Goldner wrote:] Primitive accumulation means accumulation that violates the capitalist law of value, i.e. non-exchange of equivalents. processes. When Western capital sucks Third World labor power whose costs of reproduction it did not pay for into the world division of labor, whether in Indonesia or in Los Angeles, that's primitive accumulation. when capital loots the natural environment and does not pay the replacement costs for that damage, that's primitive accumulation. When capital runs capital plant and infrastructure into the ground (the story of much of the U.S. economy since the 1960's) that's primitive accumulation. When capital pays workers non-reproductive wages, that's primitive accumulation too.
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