Rosa Luxemburg's Accumulation of Capital
New Perspectives on Capitalist Development and American Hegemony
Publisher: Socialist Studies
Year Published: 2010
Resource Type: Article
Cx Number: CX12543
From a Luxemburgian perspective post-war capitalism developed in two phases, each of which was possible because class-struggles and international conflicts had opened non-capitalist environments for capitalist penetration. The first phase gave rise to consumer capitalism and neo-colonialism; the second was characterized by accumulation by dispossession that rolled back welfare states in the North and developmental states in the South, while also integrating formerly state-socialist countries, notably China, into the capitalist world-system.