Colonialism

Imperialism Then and Now: Wealth, Unemployment, and Insufficient Demand- Pt 1/3 Prabhat Patnaik

Imperialism Then and Now: Wealth, Unemployment, and Insufficient Demand- Pt 1/3 Prabhat Patnaik

Imperialism which existed in the colonial era persists to this day and the system cannot do without it. In a 3 Part series, Prabhat Patnaik discusses his read on the history of capitalism from colonialism into the present. Prabhat Patnaik reviews the connection between imperialism and capitalism through history to stress that by necessity of the accumulation of wealth, somewhere demand has to be suppressed to provide cheap inputs to ‘the markets’. The colonialist relation is retained to the present, with changing subjects.

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