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Primitive Accumulation and the Development of Capitalism

Primitive accumulation emerged as a group of freemen who are of equal status joined together to create a union for joint protection. After sometime the union developed into property classes. Those who were well endowed with capacity to save, wisdom, vigilance and strength, gradually acquired real properties. On the other side those who were less efficient, careless and stupid, remained without any property. Those who acquired wealth property rent their possessions to the less well off in return they earned huge profits and thus becoming richer and richer, while others continued being poorer. With time the primitive position of equal and free associates resulted to a group state through the inbuilt act of development.

language english
wordcount 3164 (cca 9 pages)
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Preview of the essay: Primitive Accumulation and the Development of Capitalism

Primitive Accumulation and the Development of Capitalism The apparently Marxian phrase “primitive accumulation” initially began with Adams smith’s statement which stated “accumulation of stock should be in the nature of possessions, be proceeding to the division of labor” (Adams, vol 3, p277). Marx explained Adam’s statement as “ursprunglish (Marx $ Engels, p 23-27). Division of labor was found to be all over the history, it even exists in insects kingdom (Marx, vol 1,872).Marx stated that such an idea was deliberately wrong. Marx rebuked smith for trying to elucidate the present existence of class by focusing to mythical past. Marx maintained that, primitive accumulation cares for almost the equivalent role as in political economy as original sin does in theology (Marx, 1867: 873). Marx's comparison between original accumulation of capital and the initial man’s is appropriate and suitable. Both initial accumulation and initial sin turn our concentration away from the present to a mythical ...

... related with evolution from feudalism. I fully suggest that that we are supposed to carry the background history of primitive accumulation through the era of classic political economy by linking this conception with Marx’s concept of social division of labor.
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Humanistic Studies


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