Capital accumulation inherently requires the subjugation of weaker economies

Evidence

The relationship of Israel with the Palestinian territories vividly illustrates how the capitalist wealth of developed nations is built on the subjugation of weaker economies. Some mechanisms of this subjugation appear impersonal, like the imposition of free market policies or fiscal austerity; others are overtly political, like the colonial confiscation of land. Historically, the two have gone hand in hand. In the case of Israel, the inherent violence of capital accumulation has morphed into something extreme. — Clara E. Mattei, Escape from Capitalism, 337

Categorization

• DEFINE: Lays out the chapter’s analytic distinction between impersonal economic (austerity) and overtly political (land confiscation) mechanisms of subjugation — both serving the same end.
• XREF: connects to: Third World countries depend on East or West for primitive capital accumulation — Rolf Wiggershaus, The Frankfurt School: Its History,…, 2602; Capitalist wealth is built on the subjugation of weaker economies — Clara E. Mattei, Escape from Capitalism, 337; Capital-account liberalization creates surplus-deficit imbalances and boom-bust cycles — Natascha van der Zwan, Making Sense of Financialization, 34