Skip to content

Ancient Quote by Immanuel Wallerstein

“To be sure, the use of force by one party in a market transaction in order to improve his price was no invention of capitalism. Unequal exchange is an ancient practice. What was remarkable about capitalism as a historical system was the way in which this unequal exchange could be hidden; indeed…” quote by Immanuel Wallerstein
Download Open image
“To be sure, the use of force by one party in a market transaction in order to improve his price was no invention of capitalism. Unequal exchange is an ancient practice. What was remarkable about capitalism as a historical system was the way in which this unequal exchange could be hidden; indeed, hidden so well that it is only after five hundred years of the operation of this mechanism that even the avowed opponents of the system have begun to unveil it systematically.”

Immanuel Wallerstein

4.4 out of 5 (10 ratings)

More by Immanuel Wallerstein

Explore all 60 Immanuel Wallerstein quotes

More Ancient quotes

Browse all 2,325 Ancient quotes