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.
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
