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Question
How are capitalism and colonialism linked?
Solution
Capitalism in the west emerged out of a complex process of European exploration of the rest of the world, its plunder of wealth and resources, the unprecedented growth of science and technology, it's harnessing to industries and agriculture. What marked capitalism from the very beginning was its dynamism, its potential to grow, expand, innovate, and use technology and labour in a way best assured to ensure the greatest profit. What marked it too was its global nature. Western colonialism was inextricably connected to the growth of western capitalism. This had a lasting impact on the way capitalism developed in a colonised country like India.
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You may be living in a very small town, may be in a very big city, a semi-urban settlement or a village.
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______ established their colonial rule in India.
