6/11/2023 0 Comments Power and Plenty by Ronald FindlaySuch views could not be further from today’s orthodoxy, which has open markets and liberal institutions, not armed might, as the determinants of national prosperity. are clearly approaching the point where power alone will decide each nation’s share in the economic control of the earth’. By 1894, Max Weber could conclude that ‘unavoidable efforts at trade expansion. The harm done was incidental on this occasion, and the relationship between trade and armed force would become tighter-if not constitutive: Marx, after all, saw colonial expropriations as ‘the chief momenta of primitive accumulation’, and coercion as integral to the world economy under capitalism. Hence a second point: the vulnerability of such networks to violent disruption. When in 1238 they failed to arrive, deterred from leaving port by news of Tartar conquests further east, desperate merchants were obliged to offload forty or fifty fish for a shilling. One is the considerable linkage of northern markets in the period, with the English fishery reliant on custom from Swedish traders. Observing how the thirteenth-century Tartar invasion of Europe disrupted North Sea trade, glutting English stores, Edward Gibbon remarked: ‘It is whimsical enough, that the orders of a Mogul Khan, who reigned on the borders of China, should have lowered the price of herrings in the English market.’ Two things could be said to emerge from this.
0 Comments
Leave a Reply. |