Imperialism then and now: [2] Drain of wealth, depression, the role of the State and globalization
Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the periphery is available for extraction of wealth and cheap provision of inputs the system would collapse. So, the Global South was absorbed by a globalization process where finance becomes … Continue reading Imperialism then and now: [2] Drain of wealth, depression, the role of the State and globalization
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed