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@fgraver@hcommons.social
2025-12-15 11:47:37

Colonial Plunder Didn’t Create Capitalism https://jacobin.com/2025/12/colonialism-transition-feudalism-capitalism-history-economy/

Colonial Plunder Didn’t Create Capitalism
Despite what you may have heard, colonial plunder didn’t give rise to capitalism. In an interview with Jacobin, Vivek Chibber discusses why the “colonialism-created-capitalism” argument fails, and why Marxism provides a better account of its emergence.