Top 15 Eric Wolf Quotes

The capitalist mode acts to accumulate capital through the hiring of labor power, but is marked by the cyclical alternation of labor mobilization and labor displacement; each intake of labor power uproots some prior adaptation, while each sloughing off of labor power creates a new cohort of the unemployed.

Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during times when they do not labor. In contrast, capitalist entrepreneurs can hire and fire laborers or very their wages in response to changing circumstances.

The essence of capital is its ability to mobilize social labor by buying labor power and setting it to work. This requires a market in which the capacity of human beings to work can be bought and sold like any other commodity: buyers of labor power offer wages, which sellers accept in return for a commodity, their own labor.

American wheat, sold in Europe at lower prices than the domestic product, brought on a crisis in European peasant agriculture, sending a migrant stream of ruined peasants to seek new sources of livelihood in the burgeoning Americas. Ironically many of them made the journey westward on the same ships that carried to Europe the wheat that proved their undoing.

The rise of industrial capitalism thus rested on the maintenance of slavery in another part of the world, even though that slavery was no longer dependent on the continuation of the slave trade.

Where Adam Smith and David Ricardo had envisaged a growing worldwide division of labor, they had thought that each country would freely select the commodities it was most qualified to produce, and that each would exchange its optimal commodity for the optimal commodity of others. Thus in Ricardo's example, Britain would send Portugal its textiles, while Britons would consume Portuguese wines in turn. What his vision of free commodity exchange omits are the constraints that governed the selection of particular commodities, and the political and military sanctions used to ensure the continuation of quiet asymmetrical exchanges that benefited one party while diminishing the assets of another.

The development of industrial capitalism did not move in a smooth ascending line.

The capitalist state exists to ensure the domination of one class over another.

Only when the stock of wealth can be related to human energy by purchasing living energy as "labor power", offered for sale by people who have no other means of using their labor to ensure their livelihood: and only when it can relate that labor power to purchased machines - embodiments of past transformation of nature by human energy expended in the past - only then does "wealth" become "capital".

Under the conditions of the new mode, capital was able to embark on a process of continual internal and international migration, drawing ever more groups of people into its orbit and reproducing its strategic relationships wherever and whenever it took root.

The major vehicle of for the transition to the capitalist mode of production was the textile industry of eighteenth - century England. In cloth production mercantile wealth was visibly transformed into capital, as it acquired the dual function of purchasing machines and raw materials, on the one hand, and buying human energy to power their operation on the other.

Before capitalist relations could come to dominate industrial production, a set of related changes was required to guarantee the new order. The state had to be transformed from a tributary structure to a structure of support for capitalist enterprise.

Slaving gave rise to a division of labor in which the business of capture, maintenance, and overland transport of slaves was in African hands, while Europeans took charge of transoceanic transport, the "seasoning" or breaking in of slaves, and their eventual distribution.

Wealth in the hands of the holders of wealth is not capital until it controls the means of production, buys labor power, and puts it to work, continuously expanding surpluses by intensifying productivity through an ever-rising curve of technological inputs.

Man rises up against nature by means of what we would today call culture.