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This
paper, based on a lecture given in memory
of D. D. Kosambi, discusses the current
global crises in terms of rising inflation
and food shortages, and argues that this
situation reflects the inherent nature
of capitalism which engages in accumulation
through both expansion and encroachment.
This squeezes out peasant agriculture
and all petty producers, and ultimately
leads to a supply constraint on goods
produced by these groups. Under the current
context of capitalism, these forces are
creating a crisis for mankind.
May 28, 2008.
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