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this post was submitted on 29 May 2024
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The periphery. Basic term if you've read anything serious on capitalism and how it functions in the world.
Right. So what does it mean?
Countries within the capitalist system which are underdeveloped through violence and coercion in order to be able to extract a higher surplus value extraction to constant capital ratio for capitalists is the gist of it.
Please let me know if there are any terms or concepts I should break down further. (Earnest)
I think I get it now. Thanks for explaining.
Nothing comes to mind right now