By Iman Kumar Mitra, Ranabir Samaddar, Samita Sen
This quantity seems at how accumulation in postcolonial capitalism blurs the bounds of house, associations, varieties, monetary regimes, labour techniques, and monetary segments on one hand, and creates zones and corridors at the different. It attracts our cognizance to the atypical yet structurally invaluable coexistence of either primitive and digital modes of accumulation within the postcolony. From those significant inquiries it develops a brand new figuring out of postcolonial capitalism. The case experiences during this quantity talk about the creation of city areas of capital extraction, institutionalization of postcolonial finance capital, gendering of labor kinds, institution of latest different types of labour, formation of and adjustments in caste and racial identities and networks, and securitization―and thereby ascertain that no examine of latest capitalism is entire with no completely addressing the postcolonial situation.
via difficult the confirmed dualities among citizenship-based civil society and welfare-based political society, exploring severely the query of colonial and postcolonial distinction, and foregrounding the cloth tactics of accumulation opposed to the culturalism of postcolonial experiences, this quantity redefines postcolonial reviews in South Asia and past. it really is priceless analyzing for college students and students of South Asian reviews, sociology, cultural and demanding anthropology, serious and praxis reviews, and political science.
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Extra resources for Accumulation in Post-Colonial Capitalism
The oligarchy of the few is now ruling the market, not otherwise. Finally, the reality of the neoliberal order in terms of its individual-centric consumerism has led to domination of negative freedoms ruling over the positive freedoms. It is actually freedom of private enterprises, not freedom of individual. Therefore, neoliberalism is not without its own contradictions. A real ideal neoliberal state and society is diametrically opposite to its own conceived ideal. Writing on capital accumulation is absurd if it is not related to what is happening with what Marx described as ‘living labour’ (Marx 1976).
An interesting case is more proportionate rise in s per unit of worker than the proportionate rise in v per unit of worker. Symbolically, (Δs/s)â•¯>â•¯(Δv/v) so that (Δe/e)â•¯>â•¯1. This is happening in many private enterprises which are shedding off which they call surplus workers while allowing some increment in v for the retained workers. This also requires a type of technological innovation (contrary to the Fordist or Taylorist type of technology of assembly line production) which would increase what Marx has defined as intensity of labour in the production process.
Technological innovation is always laboursaving, viz. with improvement in technology less labour is needed to produce the same output in less time. So, in this sense it signifies increase in relative surplus value. But lengthening of working hours may also happen if the capitalist class remains successful—as they are generally under a neoliberal regime—to create a socio-political climate conducive to such changes. This then signifies increase in absolute surplus value. Commodity production in the new economy under neoliberalism, like IT sector, is good example of this case.