The conquest of the Americas inaugurated the slow accumulation
of resources and the imperceptible structural transformations that
culminated in the Industrial Revolution. From that moment on,
capitalism grew and expanded with a dynamism and adaptability that
are now all too familiar, profiting from wars and even managing to
rebound after a series of devastating economic crises.
In this highly-anticipated revised edition of the 1981 classic,
Beaud extends one of the major strengths of the original: the
interweaving of social, political, and economic factors in the
context of history. At the same time, Beaud's analysis provides a
realistic and thorough examination of the developments of
capitalism in the last twenty years, including globalization, the
accelerating speed of capital transfer, and the collapse of the
Soviet empire and the subsequent absorption of its population into
the world market. This new edition also offers a completely revised
format that integrates diagrams and flow-charts not previously
available in the English-language edition.
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