Who among the following scholars argued that “capital created underdevelopment not because it exploited the undeveloped world, but because it did not exploit it enough”?
Bill Warren
Paul Baran
Geoffrey Kay
Lenin
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CDS-2 – 2017
This quote is a central theme in Bill Warren’s work, particularly in his book *Imperialism: Pioneer of Capitalism* (published posthumously in 1980). Warren, a Marxist, critiqued dependency theory and argued against the idea that imperialism solely created underdevelopment. He contended that capitalism, historically, played a progressive role by introducing capitalist social relations and development potential, and that the *failure* of true capitalist development and exploitation in the periphery was the reason for continued underdevelopment, rather than excessive exploitation by advanced capitalist nations.