How Great We Are

Wojtek Sokolowski sokol at jhu.edu
Fri May 31 14:07:45 PDT 2002


At 04:46 PM 5/31/2002 -0400, Yoshie wrote:


>I don't think that the wealth of a nation at the core simply rests on
>"stealing wealth from the periphery" (though a little of that is still
>going on, in the form of international debt servitude). Such simple theft
>was what the Spanish Empire, for instance, practiced very early in its New
>World colonial career, and it didn't get them very far (it was soon
>overtaken by England where first capitalist social relations were
>born). Wealth creation that matters in capitalism is based upon surplus
>value extraction, and much of surplus value is created & extracted right here.

Yoshie, I see you abandoned the world systems/thirdworldism ship. I am impressed.

wojtek



More information about the lbo-talk mailing list