SOC101Y1 Lecture Notes - Lecture 4: Primitive Accumulation Of Capital, Triangular Trade, Capital Accumulation
Document Summary
Colonialism as a globalizing force for capitalism march 1st. Draws different parts of the world into one economic system. Providers of resources, labour or territories containing markets of consuming. Dialectically related nation states and the colonies. Colonizers core (enrichment) at the expense of colonies (periphery) Displacement of peasants, similar to the new colonies. Land was the resource used for mining, agriculture depending on the geographic location. Had to destroy their existing goods to the convert it into what the colonizers. Enrichment of the colonizers (north) at the expense of the the south impoverishment, destruction in the colonies. Primitive accumulation was later used for the colonies. Forcibly displacing people from their land, which later becomes privatized. Ideological justification for this: the natives were uncivilized and also because the land was empty - used in ways that was not capitalist. Flows of natural resources go to the north. To help their manufacturing industries (market of consumers)
