By Iman Kumar Mitra, Ranabir Samaddar, Samita Sen
This quantity appears to be like at how accumulation in postcolonial capitalism blurs the bounds of house, associations, kinds, monetary regimes, labour strategies, and monetary segments on one hand, and creates zones and corridors at the different. It attracts our awareness to the unusual yet structurally precious 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 speak about the creation of city areas of capital extraction, institutionalization of postcolonial finance capital, gendering of labor kinds, institution of recent different types of labour, formation of and adjustments in caste and racial identities and networks, and securitization―and thereby make certain that no research of latest capitalism is entire with no completely addressing the postcolonial .
by means of difficult the confirmed dualities among citizenship-based civil society and welfare-based political society, exploring significantly the query of colonial and postcolonial distinction, and foregrounding the cloth procedures of accumulation opposed to the culturalism of postcolonial stories, this quantity redefines postcolonial experiences in South Asia and past. it really is worthwhile analyzing for college kids and students of South Asian reviews, sociology, cultural and demanding anthropology, serious and praxis reviews, and political science.
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Additional resources for Accumulation in Post-Colonial Capitalism
As far as India as post-colonial country is concerned, labour here is subject to the Trade Union Act framed in colonial era in 1926 under certain international compulsions. Another important instance is the continuation with the colonial land acquisition law till 2013 which was framed way back in 1894. Economic development in India after independence from the colonial rule had made use of this particular law whenever such need emerged in the post-colonial time. Thirdly, a post-colonial country may confront neo-colonial onslaught either in physical coercive manner (as is the case in Iraq and Afghanistan) or through some universal international means like structural adjustment programme (more popularly known as Washington Consensus) which ensures hegemonic presence of the global capitalists therein.
No, it is not the truth. Informality was very much part and parcel of global capitalist regime before the augmentation of neoliberalism. What then marks the departure from the past? The present time is characterized by the arduous attempt of the global capitalism in every economic space including the postcolonial ones to legalize the informality so as to cripple the voices and resistances of labour against capital and so that labour turns out to be cheaper. The cheapening of labour is a continuous process in the guise of flexible labour regime where capital negotiates with an individual owner of labour power case by case, not with the collectives of such owner, viz.
The initial M is the money capital invested to procure means of production (MP) in commodity form from the market and also labour power (LP) as commodity from the market for labour. The surplus value thus produced is the difference between the final M′ (the money that the productive capitalist gets by selling the product in the market) and the initial M (the money capital invested to procure MP and LP from the respective market), viz. M-M′â•¯=â•¯the quantity of surplus value. This surplus value is the result of nonpayment to the direct producers for a portion of their working hours.