Contours of Value Capture: India's Neoliberal Path of Industrial Development

Abstract

Taking off from a class-focused perspective, Satyaki Roy's book, Contours of Value Capital: India’s Neoliberal Path of Industrial Development, dissects the global network of value added by labor power during production to reveal a process of value capture by global capitalists in the Global North. Thus, even when sites of production may have moved to the South, the surplus value being performed continues to be appropriated and distributed primarily by capitalists in the North. Just as labor power and the working class has undergone change, so has the physiognomy of capital and capitalists, and thus the importance of understanding the exploitative organization of surplus value in its overdetermined condition with power, property, the market, finance, the state and its laws, and so on, within any value chain, from within global production networks, and the value capture that occurs through this structure.