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Pradella: Marx's Investigations and Crisis Theory (The United States,…
Pradella: Marx's Investigations and Crisis Theory
Marx's research investigated how revol. movements can aggravate or trigger economic crisis
Link btwn crisis and revolution on a global scale - considering disr. effect of labor movements and anti-colonial uprisings
pushed him to devel. an international analysis of acumulation and crisis
ultimate limit of capitalist reproduction lay in the consumption capacity of the working class globally
link btwn global process of impoverishment & cpaitalism's tendency toward over-production
imperialist character of capital accumulation enhanced the scope and risk of crises
declining trade in Asia and British homes "glutted with some of our principal article of export"
The United States, slavery, and global impacts of a shifting cotton market
US sccounted for 77% of cotton consumed in Britain
English cotton manufacturers are dependent on slave-grown cotton
1861- Northern cotton blockade caused "greatest economic catastrophe" that ever threatened England
British gov ruled our waging war against the North
British working class strongly supported anti-slavery cause
In Marx's eyes, slavery became the pivot of Civil War bc it repres. the clash btwn 2 economic systems
Civil War brought a rapid centralization of capital - "ceased to be the promised land for emigrating workers" - shift toward capitalistic production
Uneven and combined development:
Conditions of production are different in different economies - largely single-export dominant economies
Building up of particular industries in colonial empires - pushed to produce products that are good for imperial masters even if this product is not sustainable or helpful for states
What you have left over was in many cases, the only infrastructure in place was the infrastructure that supported helping industry or trade to benefit imperial masters
The US defies this trajectory - able to create economic development that supported the Americas
Form the seeds for future competitive markets
US economic development following the Civil War
Represents a new, dynamic model of capital accumulation- realized over a short period of time
Ablition of slavery laid the conditions for the growth of the labor movement
1st step towards the emancipation of labor from capitalistic slavery
In the US, every independent workers' movement was paralyzed as long as slavery disfigured a part of the republic