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The global crisis that broke out in 2008 raised many fundamental questions about the present economic order. This collection of articles from authors who include some of India's leading economic historians consists of studies in the growth of capitalism, the impact of colonialism, and the implications of the current phase of globalization for India and the world. The contributors to this volume are: Irfan Habib, Utsa Patnaik, B. Surendra Rao, Raj Shekhar Basu, Sanjukta Das Gupta, Arun Bandopadhyay, Amar Farooqui, Prabhat Patnaik, Vamsi Vakulabharanam, Jayati Ghosh, and Shireen Moosvi, who has also edited the volume.
Contemporary social science is a product of the capitalist world-system and Eurocentrism is constitutive of the geoculture of this system characterized by the parochiality of its universalism, assumptions about the superiority of Western civilization and imposition as the sole theory of global progress. The creation of these structures of knowledge, specifically the institutionalization of the social sciences, is a phenomenon that is inextricably linked to the very formation and maturation of Europe's capitalist world system or imperialism. There is therefore nothing that is natural, logical, or accidental about the institutionalization of the social sciences. These Europeanized structures of knowledge are imposed ways of producing knowledge of the world. This Eurocentrism of social science has justifiably come under increasingly vigorous scrutiny, especially in the period since 1945 with the formal decolonization of Africa, Asia, and much of the Caribbean. This book forcefully argues that if social science is to make any progress in the twenty-first century, it must overcome its Eurocentric heritage that has distorted social analyses and its capacity to deal with the problems of the contemporary world and embrace other non-Western funds of knowledge production.
An important building block for further advancing world-system theory, this book considers the theory from the perspectives of global processes and antisystemic movements, feminist theory, and the aftermath of the colonial system. The volume addresses three myths tied to Eurocentric forms of thinking: objectivist and universalist knowledges, the decolonization of the modern world, and developmentalism. All three myths, the authors argue, conceal the continued hierarchical and unequal relations of domination and exploitation between European and Euro-American centers and non-European peripheral regions. In this volume, world-system scholars address these and related aspects of the modern/colonial capitalist world-system. Addressing the myth of universalist knowledge, the volume reminds us that our knowledge is situated in the gender, class, racial, and sexual hierarchies of a specific region in the world-system, while the coloniality of power additionally situates our knowledge. The volume further argues that the postcolonial era retains the hierarchy of colonialism, and the possibility of national development without global structural changes is one of the greatest 20th-century myths. Taking these perspectives into consideration, the contributors examine and help to refine classic world-system theory.
Winner of the first Paul A. Baran-Paul M. Sweezy Memorial Award for an original monograph concerned with the political economy of imperialism, John Smith's Imperialism in the Twenty-First Century is a seminal examination of the relationship between the core capitalist countries and the rest of the world in the age of neoliberal globalization.Deploying a sophisticated Marxist methodology, Smith begins by tracing the production of certain iconic commodities-the T-shirt, the cup of coffee, and the iPhone-and demonstrates how these generate enormous outflows of money from the countries of the Global South to transnational corporations headquartered in the core capitalist nations of the Global North. From there, Smith draws on his empirical findings to powerfully theorize the current shape of imperialism. He argues that the core capitalist countries need no longer rely on military force and colonialism (although these still occur) but increasingly are able to extract profits from workers in the Global South through market mechanisms and, by aggressively favoring places with lower wages, the phenomenon of labor arbitrage. Meticulously researched and forcefully argued, Imperialism in the Twenty-First Century is a major contribution to the theorization and critique of global capitalism.
This book looks at facets in the history of capitalism from the Enlightenment period, through the emergence of the American Empire in the Pacific, and to the contemporary era of neoliberal globalization. This re-telling of history is done by drawing from the works of E. San Juan, Jr. (henceforth, San Juan), considered arguably one of the great contemporary cultural and literary critics of our time. In this author's view, San Juan's lifetime of works offer a living documentation of, among others, the history and thought of the modern world highlighted by the rise of capitalism through the contemporary era of neoliberal globalization, and shepherded to its hegemonic status by what stands today as the preeminent empire of the United States. The book underscores the symbiosis between contemporary capitalism as an economic system based on accumulation on the one hand, and the American imperial state on the other, just as it revisits the colonial project that was carried out in capitalism's wake, the violence and subjugation inflicted on its victims, and how this colonial project has morphed into a new form of colonialism (or neocolonialism) maintained and enforced through the rules and institutional mechanisms of what is popularly known as neoliberal globalization that also provides the ideological and legal rationale for the commodification and the ultimate grab of the global commons reminiscent of the classical, albeit cruder, form of colonialism.
A new history of globalization and empire at the crossroads of the Pacific. Located halfway between HawaiÔi and Australia, the islands of Samoa have long been a center of Oceanian cultural and economic exchange. Accustomed to exercising agency in trade and diplomacy, Samoans found themselves enmeshed in a new form of globalization after missionaries and traders arrived in the middle of the nineteenth century. As the great powers of Europe and America competed to bring Samoa into their orbits, Germany and the United States eventually agreed to divide the islands for their burgeoning colonial holdings. In Coconut Colonialism, Holger Droessler examines the Samoan response through the lives of its workers. Ordinary SamoansÑsome on large plantations, others on their own small holdingsÑpicked and processed coconuts and cocoa, tapped rubber trees, and built roads and ports that brought cash crops to Europe and North America. At the same time, Samoans redefined their own way of being in the worldÑwhat Droessler terms ÒOceanian globalityÓÑto challenge German and American visions of a global economy that in fact served only the needs of Western capitalism. Through cooperative farming, Samoans contested the exploitative wage-labor system introduced by colonial powers. The islanders also participated in ethnographic shows around the world, turning them into diplomatic missions and making friends with fellow colonized peoples. Samoans thereby found ways to press their own agendas and regain a degree of independence. Based on research in multiple languages and countries, Coconut Colonialism offers new insights into the global history of labor and empire at the dawn of the twentieth century.
Earth into Property: The Bowl with One Spoon, Part Two explores the relationship between the dispossession of Indigenous peoples and the making of global capitalism. Beginning with Christopher Columbus's inception of a New World Order in 1492, Anthony Hall draws on a massive body of original research to produce a narrative that is audacious, encyclopedic, and transformative in the new light it sheds on the complex historical processes that converged in the financial debacle of 2008 and 2009.
State formation in post-colonial societies differed greatly from the formation of the Western capitalist state. The latter has been extensively studied, while a coherent grasp of the post-colonial state has remained elusive. Amin-Khan provides a critical historical and contemporary understanding of post-colonial state formations in Asia and Africa, and suggests how this process differed from the formation of states in Latin America. In distinguishing between the post-colonial state and the Western capitalist state, the author argues that the unitary colonial state left a strong legacy on the decolonized states of Asia and Africa, reinscribing their subordination vis-à-vis Western states, transnational corporations and multilateral institutions. The indigenous elites' decision at the time of decolonization to retain colonial state structures meant the readaptation of capitalism-imperialism nexus to suit new post-colonial realities, which enabled the formation of clientelist relationships. This post-colonial reality and exploration of the contemporary context provides the basis of analyzing two post-colonial state forms, the capitalist and proto-capitalist varieties, which are examined using the case studies of India and Pakistan.
This highly successful text has been updated and revised to take account of new developments in international political economy, notably the East Asian crisis, and the deepening crisis of African society. It also addresses recent forms of international 'management of instability' that are beginning to emerge as contemporary forms of imperialist globalism. At the same time, more attention is paid to the gathering 'mosquito cloud' of local resistance movements around the world.