What is the Marxist view about the
origin and nature of primitive capital
accumulation?
Answers
Answer :
The primitive (or original) accumulation of capital is a concept developed in Karl Marx's Capital and Grundrisse to designate that process which generates the preconditions of the ongoing accumulation of capital.
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Marxist view about the primitive capital accumulation- According to Marx , the whole purpose of primitive collection is to privatize the implies of generation , so that the exploiting owners can make cash from the excess work of those who, missing other implies , must work for them.
Explanation:
In Marxian financial matters and preceding theories ,
1. The issues of primitive accumulation ( moreover called post accumulation , original accumulation ) of capital concerns the beginning of capital , and thus how lesson qualification between holders non - possessors came to be. Adam Smith 's account of primitive - original collection delineated a serene handle , in which a few specialists worked more perseveringly than others and continuously built up riches , inevitably clearing out the less persevering specialists to acknowledge living compensation for their labour .
2. Karl Marx rejected as " childish" for its exclusion of violence , war, subjugation and colonialism within the authentication collection of arrive and riches .
Marxist Researcher David Harvey clarifies Marx's primitive amassing as a prepare which basically " involved taking land , say, encasing it, and expelling a resident populace to make a landless working class , and after that discharging the arrive into the privatized standard of capital amassing .