By Iman Kumar Mitra, Ranabir Samaddar, Samita Sen

This quantity seems to be at how accumulation in postcolonial capitalism blurs the bounds of house, associations, types, monetary regimes, labour methods, and monetary segments on one hand, and creates zones and corridors at the different. It attracts our realization to the unusual yet structurally worthwhile coexistence of either primitive and digital modes of accumulation within the postcolony. From those significant inquiries it develops a brand new knowing of postcolonial capitalism. The case reviews during this quantity talk about the creation of city areas of capital extraction, institutionalization of postcolonial finance capital, gendering of labor types, institution of recent types of labour, formation of and alterations in caste and racial identities and networks, and securitization—and thereby make certain that no learn of latest capitalism is whole with out completely addressing the postcolonial situation.

by way of tough the verified dualities among citizenship-based civil society and welfare-based political society, exploring seriously the query of colonial and postcolonial distinction, and foregrounding the fabric techniques of accumulation opposed to the culturalism of postcolonial stories, this quantity redefines postcolonial reviews in South Asia and past. it really is useful analyzing for college kids and students of South Asian stories, sociology, cultural and important anthropology, serious and praxis reports, and political technological know-how.

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Then suppose 5 h is sufficient for the direct producer to produce commodities worth Rs. 500, which is his/her wage. So, the 5 h specify his/her necessary labour time. Now, he/she does not work for 5 h only. Rather, as per the contract with the productive capitalist the direct producer works for 12 h a day. And this extra 7 h of work goes totally unpaid. Rather, the value of these extra hours over his/her necessary labour time is robbed by the productive capitalist as the surplus value. Note that here non-performer of the surplus value, viz.

However, in the neoliberal regime (even if the regime is characterized by the liberal democracy as in the USA and India) we find the power relation is highly asymmetric and is tilted towards corporates against the individual citizen. There is absolute freedom for corporate power, not for individuals—particularly for labour. In fact, the concrete real shows that it is capital which is subsidized by the neoliberal state at the cost of labour—a point which we will touch upon later. Thirdly, it is held that free market through its self-regulating mechanism is stable always.

10, Ritajyoti Bandyopadhyay and Ranabir Samaddar study the smalland medium-scale engineering industry in one district in West Bengal. Their paper is an intervention in two usually unattached fields—caste and labour. By connecting issues of caste and capital accumulation, Bandyopadhyay and Samaddar seek to address a question long overlooked in the standard historiography of Bengal: how instrumental are the caste dynamics in formation and accumulation of capital? In their study of the engineering industry in Howrah between the 1940s and 1970s in the context of the participation of a particular middle-caste group—the Mahisyas—in the production processes and factory organization, the authors Introduction: A Post-Colonial Critique of Capital Accumulation Today 23 argue that the caste question in West Bengal has been overshadowed by the ‘larger issues of class and communalism that accounts for the continued hegemony of the upper caste bhadralok [gentleman] in society, polity and culture’.

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