Just a few notions off the top of my head:uziq wrote:
great stuff from the last chapter of this book i’m re-reading.
https://imgur.com/a/T98SlMD
i’d make it into a thumbnail gal for your convenience but no idea how to do it on my phone.
1. I'm not sure if the agrarian-metropolitan relationship between west & rest is the one or main obstacle to the diversification of economies in non-western parts of the world. Raw materials and single crop cultivation does make access & a flow of wealth to/from international markets easier for a country, esp. if it doesn't yet have an industry or service of interest. But the elite that forms which champions that type of commodity economy often seem to prevent any diversification themselves. Look at the saudi oil sheiks, or the grip of the cattle farmers on argentina. Their wealth is immense, they hold political power too, yet mostly both are used for self-enrichment rather than reinvestment in their societies. The argument in the text seems to imply that this relationship / political or social reality is consciously controlled from the west, but is that really so?
The same goes for the 'setting of prices' argument. It's not the west that consciously controls this; it's scarcity and demand. The gas prices explosion in Europe over the last few months is quite an obvious indicator that commodity pricing isn't always in control of the 'more developed' party, really. And if the wars in the middle east were initially intended to control oil prices they really miserably failed - pricing absolutely peaked after and partly because of the invasion in Iraq and tensions in the ME.
2. I suppose it's on previous pages but the status quo in the world economy is strongly derived from the colonial period which shaped the global economy. It defined the relationship between societies/economies, most becoming subservient to the more industrialised societies which needed to fuel their factories & metropolitan lifestyles through their colonies. But even long before then, the agrarian/metropolitan divide has existed on much smaller scales too. From medieval serfdom to slavery in antiquity or even in the soviet model, there was a clear separation in class, development, wealth between rural populations and the metro elite, the latter always controlling the former. Was there ever then a simple 'subsistence agriculture' if a flow of commodities and crops from one section of the populace to the other has always been the norm in various societies?
Not to say there isn't a distinct structure that seems to strongly control the relationship today, but as stated that's more in the colonial & postcolonial pasts of the economies in the rest of the world.