Modern world seems totally unaware of, or even ignorant of
the foundation-roots of capitalism: how did such huge surplus capital got
accumulated in Europe and America that made industrial revolution possible ? Was that the
fruit of man’s free enterprise and liberal freedom ? The clear answer is a firm
NO ! That huge capital accumulation was the result of plain and atrocious
PLUNDER of European nations upon the new world colonies like India , Africa and the
native America !
Irfan Habib’s paper ‘ Capitalism in history’
describes the horror of this story as
follows:
Three
major components of colonial exploitation from the sixteenth to the eighteenth century must be distinguished: the Spanish mining
of silver with forced labour in
the Americas ; the
forcible transfer of millions of Africans as slaves
across the Atlantic ; and the levying of tribute on Asian shipping and land. England came
in time to be the major beneficiary from all these three practically
simultaneous processes of forcible subjugation and
destruction of non-European economies.
Between
1500 and 1650 nearly 112.5metric tons of silver were annually transported
into Spain through official channels. E.J. Hamilton, who gave this estimate,
speculated about its influence on prices
in Europe —the so-called price revolution—and the redistributive consequences of such inflation, benefiting mainly the employers and the merchants, at the cost of wage-labourers and custom-bound rentiers. This, he thought, generated capital in Western Europe that
could ultimately ignite the industrial-revolution. It must be remembered
that the crucial link here is not between
the rise of capitalism and some incidental monetary process, but between it and the reckless exploitation of the Amerindian
peoples, who because of deficiencies in
their instruments of war, were absolutely helpless
victims of their rapacious conquerors.
There
is yet another aspect of silver influx which Hamilton and his critics do not consider. As silver stocks rose in Western Europe , and silver
prices in terms of gold plummeted year after year. Western
Europe gained a continuous advantage
over the rest of the world in the transactions
of trade. By 1600 Western Europe exported
possibly 100 tons of silver annually; during the
seventeenth, the annual average rose to 150-160
tons. There was a wholesale diversion of Asian exports of manufactures, especially textiles, and drugs and spices from interregional traditional commerce to Western
Europe in return for bullion.
The new trade was largely controlled by European merchant-capital,
spearheaded by the Dutch and English East India Companies;
and its continuous expansion from silver exports greatly enlarged the size of European commercial capital.
Carl Marx adds his version of the said
story in his ‘Das Capital’ : "The
discovery of gold and silver in America, the extirpation, enslavement and
entombment in mines of the indigenous population of that continent, the
beginnings of the conquest and plunder of India, and
the conversion of Africa into a
preserve for the commercial hunting of black-skins, are all things which
characterize the dawn of the era of capitalist production. These idyllic
proceedings are the chief moments of primitive accumulation’
'The Guardian' Article ( August 2005) by Richard Drayton
gives the finishing touch to the story: See
link: http://www.theguardian.com/politics/2005/aug/20/past.hearafrica05)
"For the colonial Americas
were more Africa's creation than Europe's: before 1800, far more Africans than
Europeans crossed the Atlantic . New World slaves were vital too, strangely enough, for
European trade in the east. For merchants needed precious metals to buy Asian
luxuries, returning home with profits in the form of textiles; only through
exchanging these cloths in Africa for slaves to be sold in the New World could Europe obtain new gold and silver to keep the system
moving. East Indian companies led ultimately to Europe's domination of Asia and
its 19th-century humiliation of China .
Africa not only underpinned Europe 's
earlier development. Its palm oil, petroleum, copper, chromium, platinum and in
particular gold were and are crucial to the later world economy"
Please
share another narrative by Erik Flanagan, from
link: http://debate.uvm.edu/dreadlibrary/flanagan.html ( The Dream
Library, article 'Black struggle in Colonization')
At the
time of the Spanish infiltration, the island of Jamaica
was inhabited by hundreds of native people known as the Arawak Indians. These
people were gentle and peaceful people and were virtually unprepared for the
onslaught by the Spanish settlers. Explorers set out across the island in
search of gold and jewels, which proved no avail, but did realize the profit
that could be made from the natives as free workers for them. Soon almost all
of the Arawaks were under the blanket of slavery with no defense against the
powerful white oppressors. Columbus
observed a natural landscape with a tone of awe and wonderment, a land of
unmatchable beauty. The Arawaks, however, provided a tone that contrasted
powerfully and give a real account of the passions of these white men.
" Vast numbers died as a result and thousands more committed
suicide by hanging themselves or drinking poisonous cassava juice to escape
from their bondage. Mothers are said to have murdered their children rather
then let them grow up and suffer the slavery they had known." (Floyd,
1979, p. 31)
The
Spanish settlers of the time used every ounce of available resource (the
Arawaks) that they could get their hands upon for their own profit. Although
this time in European history is noted for it's vast leaps in exploration and
prosperity, this quote explains the means by which they achieved their goals.
This exploitation of the native people of Jamaica by the white man displays
the framework that was so deeply grained in to the minds of the future white
rulers that effected the treatment of Blacks. By the mid seventeenth century
there was not a drop of pure Arawak blood left on the island of Jamaica
(Carley, 1963, p. 23). African slaves were brought in by the Spanish as
laborers over the years, but the majority came with the new British rule over Jamaica ."
Though we can not decry 'colonization' at this stage, as it was simply another major event of the past that shaped the destiny of mankind, a proper study can help us to recheck false claims; that it was pure hard-work that helped the West to amass her present day huge wealth and quality of life! The wealth she plundered from colonies, and the labor-force from these colonies she had forcibly employed to create such wealth had definitely played a major role.
Authored by: Abraham J. Palakudy
He is a researcher and seeker of knowledge, especially in fields like Mind&Reason, self&world, metaphysics, Spirituality, men&societies, and finally Democracy and general polity.
Twitter: Voice of Philosophy@jopan1
His profile and other blog-posts: https://www.blogger.com/profile/14249415589712707293