Imperialism then and now: Wealth, unemployment and insufficient demand

In this interview, renowned economist Prabhat Patnaik reviews the connections between imperialism and capitalism throughout history

August 28, 2021 by Newsclick

Prabhat Patnaik reviews the connections between imperialism and capitalism through history to stress that by necessity of the accumulation of wealth, somewhere demand has to be suppressed to provide cheap inputs to ‘the markets’. That colonialist relation is retained to the present, with changing subjects.

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