CHAPTER11DS

CHAPTER11DS - Chapter 11 Colonialism Capitalism Development...

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Chapter 11 Colonialism, Capitalism, Development Great Transformation is understood as the rise of industrial capitalism from roughly the late 18 th century Late 15 th to early 18 th centuries is designated as the transition to capitalism in Europe. Afterwards is the period of industrial capitalism, its emergence, spread, and dominance 11.1 COLONIALISM AND CAPITALISM ‘colonization and ‘colonialism’ derive from the Greek word for and the idea of the permanent settlement of a new territory by a group of people who have moved there from their original home: a colony. Colonization o The settlement of new territory by a group of people o The imposition of colonial rule by a foreign state (colonialism) Colonialism o Political control of peoples and territories by foreign states whether be settler colonies (below) or not. o Settler colonies are accompanied by significant permanent settlement of population from colonizing state to colonial territory (Columbus, France in Algeria, Portuguese in Angola, and Europe in other colonies) Possible for colonization to occur without colonialism. Key difference in patterns of colonization: whether territories brought under colonial rule have already been inhabited by indigenous people and the consequences colonization/colonialism hold for them. European colonialism accompanied by ideologies of racial superiority. o Incorporated Extermination, dispossession, marginalization, and labor of indigenous into colonial exploitation. Capitalism -not just based on the notion the market, pursuit of self interest, and relations between producer and consumer. o Production of goods and services for market exchange (commodities) to make profits o Founded on a definitive social class relation between owners of capital and owners of labor power to which other social relations and divisions are linked (gender, urban/rural differences, nationality). Two principle social classes of capitalism: capitalist class or bourgeoisie who own the means of production and the working class proletariat who own their own labor power or ability to do work. Social class relation is the most fundamental feature of capitalism for classical political economy consists of other axes of social differentiation like divisions of gender, town and countryside, nationality and the political conditions of economic activity, forms of the state of capitalism, and international relations of states. Not just based on the notion the market, pursuit of self interest, and relations
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CHAPTER11DS - Chapter 11 Colonialism Capitalism Development...

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