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Simplied Radical Critiques: Dependency Theories
Simplied Radical Critiques: Dependency Theories
It's what's left after a country produces stuff minus what it needs for
itself.
● Potential Surplus = Maximum Production - Minimum Essential
Consumption.
This is what a country could make minus what it needs for basics.
● If a country stays on its own and doesn't spend extra on fancy things,
it can grow a lot.
● But if a country joins the world capitalist system, it won't grow as
much because the extra stuff it makes gets sent elsewhere.
● When the extra stuff is taken away, the poorer place doesn't grow well,
while the richer one grows more, making the rich-poor gap bigger at
all levels.
connected to.
○ Important positions in powerful countries were controlled by
foreign capital.
○ Companies in colonies, especially in mining and business, had a lot
of power.
● The colonial monetary system lets funds flow out of the colony.
● The colony trades farming stuff for industrial goods but doesn't get a
fair deal. This drains their extra money.
● Because of this, the colony can't save much money for itself.
● Joining the big money world made the colony less developed.
Precolonial
● Boundaries were drawn which didn't match how people lived or traded
before colonial times.
Two phases of the process can be distinguished: The Initial phase and second
phase.
The Initial phase
● At the start, capitalism came in through plantations, settler estates,
and mines.
● They built railways mainly for these capitalist areas, not for everyone.
These places were middle spots for selling farm stuff or mining
materials.
● Places linked to these capitalist areas grew, but older indigenous
spots shrank.