Rosa Luxemburg's Accumulation of Capital
New Perspectives on Capitalist Development and American Hegemony

Schmidt, Ingo

Publisher:  Socialist Studies
Year Published:  2010  
Pages:  26pp  
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.

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