Capital and Imperialism: Theory, History, and the Present — Capitalism Needs an Outside
What if capitalism’s apparent ability to sustain itself depends on economic relationships that conventional models leave outside the frame?
Welcome to Crisis in Perception, where we examine the systems shaping our world.
Using Capital and Imperialism: Theory, History, and the Present by Utsa Patnaik and Prabhat Patnaik as our lens, this Deep Dive investigates the authors’ argument that capitalism cannot be adequately understood as a closed, self-contained economic system.
Their analysis begins with money. Because wealth can be held in monetary form rather than immediately spent, they argue…
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