Colonialism and Capitalism

Paper Summary:

This paper describes the close relationship between colonialism and capitalism and suggests that previous periods of colonial rule led to the emergence of capitalist societies. The paper specifically explains how, ultimately, it was the variation and complexity of colonialism that was responsible for the formation of capitalist world economies.

From the Paper:

"The interactions of the market were regulated by the dominating countries of the time and since colonialism weakened the former financial structuring, a stronger, more unified economic system
was created to allow for more effective circulation of commodities. Thus, colonialism allowed colonizers to harness productive labor, and to restructure the economic system, which in turn paved the way for capitalism."

Sample of Sources Used:

• Henry Bernstein, "Colonialism, Capitalism, Development," in Tim Allen and Alan Thomas, editors, Poverty and Development into the 21st Century. Oxford University Press

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• Term Paper # 108426 : "Ecological Imperialism and Marx's Capitalism"

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