'outside the circuits of trade and capital'

Doug Henwood dhenwood at panix.com
Thu Apr 18 11:07:24 PDT 2002


James Heartfield wrote:


>Doug writes:
>
>"Many poor countries are poor not because of foreign investment, but
>because they're largely outside the circuits of trade and capital. I
>can think of at least one person who gets very upset when I say
>that, but it's true."
>
>You can say that, but I don't think it is right to take the next
>step and argue that these areas of the world are outside the
>capitalist system altogether. Rather the terms of their integration
>into that system are those of uneven development. All the conditions
>that bound their development are set by capitalism, insofar as it
>can be conceived as a system.

Yup, I completely agree.

Doug



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