JOE BESWICK of the London Renters Union talks to the Morning Star’s new Left on Record programme
What is ‘dependency theory’?
Dependency theory reveals the ‘hidden skeleton’ underpinning capitalism today, writes the MARX MEMORIAL LIBRARY

DEPENDENCY theory emerged in the 1960s and ’70s as a Marxist critique of the ideology of “modernisation” which argued that “poor” countries could “develop” by following the same path as ”wealthy” capitalist states.
Over a century-and-a-half ago, Marx and Engels declared in The Communist Manifesto that “The bourgeoisie […] has made barbarian and semi-barbarian countries dependent on the civilised ones, nations of peasants on nations of bourgeois, the East on the West.”
In his 1867 preface to Volume one of Capital, Marx wrote: “The country that is more developed industrially only shows, to the less developed, the image of its own future.”
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