Retotalising Capitalism: A Very Short Introduction to its History https://www.historicalmaterialism.org/article/retotalising-capitalism-a-very-short-introduction-to-its-history/ Jairus Banaji In my Brief History of Commercial Capitalism, I argued that, in retrospect, Marx turns out to have been wrong to think of Britain as the incarnation of industrial capital that subordinated commercial capital, since the latter was entrenched at the heart of the British economy (as Geoffrey Ingham argued in the eighties) and a much better incarnation would soon emerge with the Second Industrial Revolution when modern vertically integrated firms would undercut the position of merchant firms in both the U.S. and Germany.
Chayanov’s idea of the vertical concentration of capital as the form in which capitalist firms tended to establish a more widespread domination over household producers in the countryside.
Rural exodus has been a major theme of the postwar decades...in China, whole villages are demolished and peasants expected to cope with the resulting loss of land by buying unaffordable social insurance. In India, the state would like to be able to have comparable powers of coercion, but the caste ties of most farming communities gives them considerable leverage politically and makes widespread coercion impossible. What we are witnessing is the end of the peasantry in any viable sense of that term, but not in the straightforward ways that were once seen as key drivers of this process in many predictions on the Left.
https://files.libcom.org/files/brenner.pdf peasantry’s failure : landlords create large farms and to lease them to capitalist tenants who could afford to make capitalist investments’ and cultivate them with wage-labour