“The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.”

Source: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 51

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The capitalists of a country which manages to capture foreign markets from other countries are able to increase their p…" by Michał Kalecki?

Michał Kalecki16

Polish economist 1899–1970

Related quotes

“It is the export surplus and the budget deficit which enable the capitalists to make profits over and above their own purchases of goods and services.
The connection between 'external' profits and imperialism is obvious.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 52

“We want freedom for our country, but not at the expense or exploitation of others, not us to degrade other countries…I want the freedom of my country so that other countries may learn something from my free country so that the resources of my country might be utilized for the benefit of mankind.”

Lal Bahadur Shastri (1904–1966) The second Prime Minister of the Republic of India and a leader of the Indian National Congress party

“This new-democratic republic will be different from the old European-American form of capitalist republic under bourgeois dictatorship, which is the old democratic form and already out of date. On the other hand, it will also be different from the socialist republic of the Soviet type under the dictatorship of the proletariat which is already flourishing in the U. S. S. R., and which, moreover, will be established in all the capitalist countries and will undoubtedly become the dominant form of state and governmental structure in all the industrially advanced countries. However, for a certain historical period, this form is not suitable for the revolutions in the colonial and semi-colonial countries. During this period, therefore, a third form of state must be adopted in the revolutions of all colonial and semi-colonial countries, namely, the new-democratic republic. This form suits a certain historical period and is therefore transitional; nevertheless, it is a form which is necessary and cannot be dispensed with.”

Mao Zedong (1893–1976) Chairman of the Central Committee of the Communist Party of China

On New Democracy (1940)
Original: (zh-CN) 这种新民主主义共和国，一方面和旧形式的、欧美式的、资产阶级专政的、资本主义的共和国相区别，那是旧民主主义的共和国，那种共和国已经过时了；另一方面，也和苏联式的、无产阶级专政的、社会主义的共和国相区别，那种社会主义的共和国已经在苏联兴盛起来，并且还要在各资本主义国家建立起来，无疑将成为一切工业先进国家的国家构成和政权构成的统治形式；但是那种共和国，在一定的历史时期中，还不适用于殖民地半殖民地国家的革命。因此，一切殖民地半殖民地国家的革命，在一定历史时期中所采取的国家形式，只能是第三种形式，这就是所谓新民主主义共和国。这是一定历史时期的形式，因而是过渡的形式，但是不可移易的必要的形式。

“The only way to solve the problems now besetting mankind is to eliminate completely the exploitation of dependent countries by developed capitalist countries, with all the consequences that this implies.”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

On Development (1964)

“In a capitalist country foreign trade, like any other trade, is carried on by individual firms, and individual firms cannot be guided in their activities by "global"considerations, by concern with the impact of their operations on the economy as a whole.”

Paul A. Baran (1909–1964) American Marxist economist

Source: The Political Economy Of Growth (1957), Chapter Four, Standstill and Movement Under Monopoly Capitalism, II, p. 110

“Whatever market for manufactured goods emerged in colonial and dependent countries did not become the "eternal market" of these countries. Thrown wide open by colonization and by unequal treaties, it became an appendage of the "internal market" of Western capitalism.”

Paul A. Baran (1909–1964) American Marxist economist

Source: The Political Economy Of Growth (1957), Chapter Six, Towards A Morphology Of Backwardness, I, p. 174

“Cuba became the sugar-producing and-exporting country par excellence; and if she did not develop even further in this respect, the reason is to be found in the capitalist contradictions which put a limit to a continuous expansion of the Cuban sugar industry, which depended almost entirely on North American capital.”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

The Cuban Economy (1964)

“Titles of property, for instance railway shares, may change hands every day, and their owner may make a profit by their sale even in foreign countries, so that titles to property are exportable, although the railway itself is not.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Vol. II, Ch. X, p. 215.
(Buch II) (1893)

“The industry and commerce of the country, ceasing to be conducted by a set of irresponsible corporations and syndicates of private persons at their caprice and for their profit, were entrusted to a single syndicate representing the people, to be conducted in the common interest for the common profit. The nation, that is to say, organized as the one great business corporation in which all other corporations were absorbed; it became the one capitalist in the place of all other capitalists, the sole employer, the final monopoly in which all previous and lesser monopolies were swallowed up, a monopoly in the profits and economies of which all citizens shared.”

Edward Bellamy (1850–1898) American author and socialist

Source: Looking Backward, 2000-1887 http://www.gutenberg.org/ebooks/25439 (1888), Ch. 5.

“It has become ever clearer that underdevelopment is the end result of a process. Therefore, it must be studied from a historical perspective, that is, in relationship to the development and expansion of the great capitalist countries. The underdevelopment of the poor countries, as an overall social fact, appears in its true light: as the historical by-product of the development of other countries. The dynamics of the capitalist economy lead to the establishment of a center and a periphery, simultaneously generating progress and growing wealth for the few and social imbalances, political tensions, and poverty for the many.”

Gustavo Gutiérrez (1928) Peruvian theologian

Source: A Theology of Liberation (1971), p. 54

“The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.”

Help us to complete the source, original and additional information

Michał Kalecki16

Related quotes

Related topics