Happy B’Day Marx! Imperialism and the Dialectic of Money

Yes, happy birthday Karl Marx, but his work on political economy was incomplete as he only ever presented exactly half the conceptual picture he intended to publish before he died. In Capital 1 Marx begins with the dialectic of the commodity, saying that it has both use-value and exchange-value, the former representing the utility of the commodity, the later its price in the market.

Imperialism, India, and the Farmers Protests

How are the farmers protests in India related to India? As many of you will know, the one-way net-transfer of wealth from India to Britain amounted to $45 trillion USD. This plunder happened largely at the expense of the Indian farmer who paid taxes to the British colonial regime, which then used one-third of those taxes to purchase goods from India for export while pocketing the exchange earnings (read Utsa Patnaik’s piece).