Abstract
Two theses underpin the most widely held conception of capitalist development in the Afro-Asian third world. First, Afro-Asian societies varied greatly on the eve of the European conquest, but none had embarked on a transformative process which by itself would have culminated in capitalism. Either these societies were still in a primitive stage of development or else they were caught in the impasse of the notorious "Asiatic mode of production." Second, the very dynamism of the capital accumulation process which followed on Europe's introduction of capitalist relations in the third world progressively effaced the specificities (i.e., particular origins and conditions) of the local scene.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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