Capital and Labour Redefined - India and the Third World (Hardcover, First Edition,)

This book gives the historical background of the formation of the Indian capitalist class from before the time of British colonial rule in India. It also analyzes the nature of that class and changes in it under colonialism and the state of independent India and sets some of the peculiarities of capitalist organization in India, and the ideology of big capital in their historical context. The evolution of the conditions of the working class in India is analyzed in its dialectical interaction with global capital as well as Indian capitalism. The author challenges the view that the tensions caused within working class movements caused by caste or communal divisions or by gender discrimination are to be attributed to primordial loyalties. He demonstrates the influence of the deliberate strategies adopted by capitalists and of changes in the structure of global and Indian capitalism. Finally, the book investigates the impact of capital-friendly liberalization on the fortunes of the working class in the Third World.