Archive for the 'Capital I. Part 8' Category

Capital 1. Part 8: So-Called Primitive Accumulation

Part 8: ‘So-Called Primitive Accumulation’

This part is generally very historical in nature(except for the final section on the ‘Modern Theory of Colonisation’); continuing nicely on from the later part of the preceding chapter. Marx highlights the savagery involved in creating the necessary conditions for capitalism; in which the state played a significant role. It is interesting to note that the title ‘so-called primitive accumulation’, rather than just primitive accumulation, is a jibe at Adam Smith; who used the concept without a materialist historical analysis. Continue reading ‘Capital 1. Part 8: So-Called Primitive Accumulation’