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Why Capitalism Needs Imperialism To Drain Wealth From the Global South, w/ Marxist Economist Utsa Patnaik

Rania Khalek Dispatches

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Is There a Fallacy in the Theory of Comparative Advantage?

The profits of the slave trade were so enormously high, he says. But kidnapping and transporting people is not the same as paying forthe cost to the communities - even if in capitalist terms. You know this disgusting history of the rise of capitalist industrialization is something you do not really find discussed adequately in the literature which emanates from the mothern universities. And i think it is about time that more people in the global south got down to writing their own history,. Not contaminated by the fallacious theories which thee are forcedto learned but to look at these theories critically.

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