IDSB01H3 Lecture Notes - Lecture 8: Mercantilism, Enclosure, Finance Capitalism

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Upload to bb by 11pm march 31 (monday) Physical copy 1pm wednesday april 2. Marxian political economy part iii imperialisms and accumulation by disposession. Crisis theory: three theories of crisis, underconsumption, falling rate of profit. Taxes on indian taxes leaving the country. > can"t weave: not equivalent to colonialism (not on exam, colonialism relates to an earlier era 15th-18th centuries, nation states establishing colonies in the new world and the global south. Bringing the new territory into the mother nation. Political manifestation of claiming territory as their own: in many instances the colonies provided inputs into the capitalist system of the colonizing nation (esp. African countries), but weren"t necessarily brought into the capitalist provisioning: mercantilist provisioning interested in extracting resources, imperialism late 19th century (till today) when britain was looking to expand their markets. Types of crises averted by imperialism: undercomsumption, luxemburg: trade w/ non-kist societies is necessary to stabilize capitalism.

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