Anth 340 living in our globalized world f 2011 owen

This preview shows page 6 - 7 out of 7 pages.

Anth 340: Living in our Globalized World F 2011 / Owen: Capitalism p. 6 - the core controls most capital, manufacturing, finances, and has the military power to get what it wants - the periphery is exploited for resources and labor, and has to buy its goods from the core - A good model for the 19 th and much of the 20 th century - But is the world today too interconnected for this model? - Is China core, or periphery? - England? Iceland? Saudi Arabia? Dubai? India? - still a useful framework, but must be applied with caution, acknowledging the complexity of the modern situation - Robbins: the culture of capitalism was constructed - he traces the construction of the consumer - first in the core, then exporting the concept to the periphery - involving - changes in retailing and advertising - government programs promoting consumption, home buying, etc. - sale of addictive substances like opium, alcohol, tobacco, coffee, chocolate… - even wars to force open markets, as in the opium wars by Britain in China - all about creating new demand in order to sell ever more - to make profit on ever more sales, to pay interest on capital to investors - construction of free labor - that is, workers who will take paid jobs - because they cannot satisfy their needs with their own hands - because they have lost (often been forced off of) their land, so they can’t raise their own food - because they have been convinced that consumption leads to a better life, and they need money from paid work to buy those goods - involving - colonial rule and wars to take land by force and drive off subsistence farmers - laws divvying up communal lands to individual owners, who can then be bought out by wealthy investors - competition from mechanized farming that makes it impossible for small farmers to compete and survive - encouraging production of cash crops (crops for sale rather than consumption) financed by loans, - so when a bad year hits and the farmer can’t pay back the loan, he/she has to sell the farm - usually to a large landholder, who will pay laborers, maybe even the former owners, to work the land for the new owner’s profit - all about creating workers who will produce more value than the amount that they are paid - which creates the new value that will be sold, to pay interest on capital - also creates more consumers, since they no longer produce for themselves - construction of the capitalist - starting with traders
Image of page 6

Subscribe to view the full document.

Anth 340: Living in our Globalized World F 2011 / Owen: Capitalism p. 7 - development of widespread loans, investment, and the Dutch East India Company (VOC) in the Netherlands, quickly followed by the British East India Company and others - origins of the need for perpetual growth - development of factory production - purpose: to make profit from investing capital - ever greater role of capital: - first just enough to buy products made at home by cottage industry - then more to “put out” materials - then more to provide equipment - then more to centralize and control labor in a workshop or factory - then more capital to mechanize -
Image of page 7
You've reached the end of this preview.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern