A Brief History of Commercial Capitalism
2020
First Published
3.88
Average Rating
200
Number of Pages
The rise of capitalism to global dominance is still largely associated - by both laypeople and Marxist historians - with the industrial capitalism that made its decisive breakthrough in 18th century Britain. Jairus Banaji's new work reaches back centuries and traverses vast distances to argue that this leap was preceded by a long era of distinct "commercial capitalism", which reorganised labor and production on a world scale to a degree hitherto rarely appreciated. Rather than a picture centred solely on Europe, we enter a diverse and vibrant world. Banaji reveals the cantons of Muslim merchants trading in Guangzhou since the eighth century, the 3,000 European traders recorded in Alexandria in 1216, the Genoese, Venetians and Spanish Jews battling for commercial dominance of Constantinople and later Istanbul. We are left with a rich and global portrait of a world constantly in motion, tied together and increasingly dominated by a pre-industrial capitalism. The rise of Europe to world domination, in this view, has nothing to do with any unique genius, but rather a distinct fusion of commercial capitalism with state power.
Avg Rating
3.88
Number of Ratings
91
5 STARS
21%
4 STARS
53%
3 STARS
20%
2 STARS
7%
1 STARS
0%
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Author
Jairus Banaji
Author · 3 books
Jairus Banaji spent most of his academic life at Oxford. He has been a Research Associate in the Department of Development Studies, SOAS, University of London, for the past several years. Banaji's main research interests have included: agrarian history; Late Antiquity and early Islam; historical materialism; Marx's method in Capital; the fate of the peasantry under capitalism; and, unions and industrial relations in India.
