By Leslie Sklair
This assortment attracts jointly a distinct team of authors to discover how capitalism contributes to the advance and underdevelopment of the 3rd international. It presents an exceptional evaluation of key thoughts comparable to "capitalism", "development","modernization" and "dependency".
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Extra resources for Capitalism and Development
This is so for two reasons. For most states, it is unrealizable, whatever the method adopted. And for those few states which may still realize it, that is transmute radically the location of world-scale production and thereby their location on the interstate ordinal scale, their benefits will perforce be at the expense of some other zone. This has always been true up to a point It is more true than ever today. I hear the shouts of all those who are suffering by the current unequal allocation of the world’s created surplus.
We can try to force the pace on the secular trends of the capitalist world-economy, exactly what capitalists fear most. The local and localized demands for greater participation and higher real income, that is, worldwide unruliness by producers in the loci of production (using this term in its broadest sense) is politically mobilizing and economically redistributive. It also disarms the tenants of the status quo of some of their best weapons: the political divisions between proletarian and semi-proletarian households (nationally and worldwide); and the appeal to sacrifice (of the surplus each produces) on behalf of the state.
Yet Argentina stands as a warning of the intense difficulties faced by the new democracies when confronted with disinvestment and high inflation with the attendant social and political costs (see Munck 1992). However, we need to reject any Manichean view that ‘the new civilian rulers are “fall guys” whose allotted task is to take primary responsibility for assured economic failures’ (Herman and Petras 1985:9). Instead we must recognize that the development record of democracy is mediated through popular perceptions and evaluations which have created considerable ‘political space’ for drastic economic measures.
Capitalism and Development by Leslie Sklair