Primitive accumulation is the conception of causes that in the beginning of a capital accumulated, capital accumulation ac activity. The money making class has to resort to some kind of raw cesers of other people's means of production or wealth for their first pot of gold. But later studies show that this kind of a so called primitive accumulation is on going even in the 20 first century to day. It is not like it was done after the first phase of caprism and then Caprism become nicer.
Part one of a two-part interview with sociologist Ho-fung Hung on Chinese political economic history from the 18th century to 2008: why capitalism took off in England and then elsewhere but not in China; and then, how Maoist policy laid the groundwork for China’s ultimate capitalist takeoff and boom. Episode two will focus on the 2008 financial crisis, the deepening imbalances and heightened geopolitical conflict that resulted, and the current situation—including the impact of the crises surrounding Russia’s invasion.
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