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Politics, News & Issues > Political & Economic Theory History: How the market rose to dominance

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Marx's Original Concept: Primitive Accumulation Marx introduced the concept of primitive accumulation in order to explain how the capitalist mode of production comes into being during the origins of capital. The process occurs largely when public or common land is privatized. For Marx, this happened in England during the transition from feudalism to capitalism, where, "the industrial capitalistshad on their part not only to displace the guild masters of handicrafts, but also the feudal lords, the possessors of the sources of wealth" (Marx, Capital. Ch 12 excerpts, 20). As such, the redistr...

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