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The Dig: China Boom w/ Ho-fung Hung

Jacobin Radio

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Capitalist Primitive Accumulation

The state is really key here, particularly when it comes to this coercive process of resource accumulation and concentration known as primitive accumulation. How did the interstate system of early modern Europe create the conditions that caused states to support capitalist primitive accumulation? In many world civilizations before the lighting century there will be some kind of moral sanctions or religious sanctions against them. So we see it a lot in the Catholic Church and in the Islamic religion and in Confucianist China. The ruler sees these kind of activities of accumulating wealth for the sake of accumulating wealth as destabilizing.

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