primitive accumulation
Oxford Dictionary of Politics:
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primitive accumulation
The process, described by Marx, beginning with the gathering together of commodities, then gold and silver, and finally money by which nascent capitalism created the material base (through the systematic exploitation of labour, expropriation of resources, and colonial plundering) that facilitated its dominance in the economic and political spheres.
— Geraldine Lievesley
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Oxford Dictionary of Politics
The Concise Oxford Dictionary of Politics. Copyright © 1996, 2003 by Oxford University Press. All rights reserved.
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