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In Marxian economics and preceding theories, [1] the problem of primitive accumulation (also called previous accumulation, prior accumulation, or original accumulation) of capital concerns the origin of capital and therefore how class distinctions between possessors and non-possessors came to be.
He was an organizer of the mass movement of the unskilled workers and the unemployed in the late 1880s ... The So-called Primitive Accumulation. Chapters XXVI. ...
This is the special focus of the final part, which argues that capitalism initially develops not through the future capitalist class being more frugal and hard-working than the future working class (a process called primitive/previous/original accumulation by the pro-capitalist classical political economists, like Adam Smith), but through the ...
When the extensive stage ends, it is followed by the intensive stage (intensive accumulation). Karl Marx described this stage as exhibited in England as "The so-called primitive accumulation". References
His so-called accumulation theory, very influential in its day, suggested that capitalism suffered from under-consumption due to the rise of monopoly capitalism and the resultant concentration of wealth in fewer hands, which he argued gave rise to a misdistribution of purchasing power.
Marx refers to this process as the primitive accumulation of capital, a process which continues particularly in developing countries to this day. Typically, previously independent producers on the land (but also serfs ) are proletarianised and migrate to the urban centres, in search of work from an employer.
In Das Kapital (1867), Marx proposes that the motivating force of capitalism is in the exploitation of labor, whose unpaid work is the ultimate source of surplus value.The owner of the means of production is able to claim the right to this surplus value because they are legally protected by the ruling regime through property rights and the legally established distribution of shares which are ...
Primitive socialist accumulation, sometimes referred to as the socialist accumulation, was a concept put forth in the early Soviet Union during the period of the New Economic Policy. It was developed as a counterpart to the process of the primitive accumulation of capital that took place during the early stages and development of capitalist ...