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| | Tony Cliff: Capitalist Economy in the Colonies (1947) |
 | | This banking and industrial system, which is ultra-modern, is based on an agrarian, feudal economy, from which it draws its strength and weaknesses alike, increasing the contradictions within both. |
 | | The fact that banking and industry draw their sustenance from the feudal agrarian relations, while at the same time pre-serving them, does not keep them from coming into conflict with these relations; for the purchasing power of the masses is limited by them, and thus also the possibilities of industrial development. |
 | | The fact that the industrial and banking system in the colonies is built on the same pattern as that of the most developed countries, proves that capitalism in the colonies, too, is ripe for the socialist revolution. |
| www.marxists.org /archive/cliff/works/1947/06/colonies.htm (2969 words) |
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