[OPE-L:1778] Re: Accumulation of capital in Ch. 24, V1

chaion lee (conlee@chonnam.chonnam.ac.kr)
Sun, 14 Apr 1996 07:34:44 -0700

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Dear Jerry

You said as below,
As for the primitive [original] accumulation of capital that Chai-on
raises, I consider that subject to be related to the pre-history of
capitalism or, if you prefer, the process of the historical becoming of
capitalism as a mode of production. This issue does not come up in Ch. 24
because of the assumption that "we must treat the whole world of trade
as one nation, and assume that capitalist production is established
everywhere and has taken possession of every branch of industry"
(Penguin ed., p. 727)....

The primitive accumulation is also a sort of accumulation, and is still carried out even today. The accelerating economic growth in industrializing economies eg. South-east Asia even today, South korea upto the 1980s, still experiencing the primitive>
accumulation even though the history of capitalism has already started there.

In agricultral sectors, many peasants are still differentiated into two classes, the proletariats and the richer peasants.
The primitive accumulation can be seen even in a nation, in the form of local colonization, racial colonization, etc.