Epicenter
Sven Beckert, a history professor at Harvard, has written an epic book about the history of capitalism over roughly a millennium: it’s called Capitalism: A Global History [https://www.penguinrandomhouse.com/books/541160/capitalism-by-sven-beckert/]. Beckert believes the only way to understand one’s place in the world is through understanding how we arrived at the system we currently live in: global capitalism. In this episode, guest host Senthil Nathan interviews Sven Beckert about the major developments in history and expansion of capitalism. Almost all of life is organized around capitalist logic, says Beckert, and the capitalist model has changed and evolved over more than one thousand years. Capitalism’s history begins with merchant communities eight hundred or so years ago, long-distance traders who connected various small cities. The drive to expand and create more capital led to the large-scale production of agriculture in the countryside and development of extraction industries such as silver in Potosí, Bolivia. Europeans took advantage of power differentials in other parts of the world to recast production in profound ways, including mobilizing labor in the practice of slavery, which quickly expanded production into the countryside. Sugar, cotton, oil, and rubber are all commodities that emerged via the forces that drove the capitalist expansion—particularly in Africa, the Americas, and the Caribbean. The book ends in the year 2023, and Beckert remarks on the responsibilities humans have to acknowledge the consequences of capitalism’s expansion, such as slavery and environmental degradation. He notes the purpose of the book is not to make judgments about whether or not capitalism is a net benefit or harm to humanity but to understand how we arrived at the present moment. Beckert also speculates on how quickly capitalism will change and adapt in the future. This is a joint production with the Business and Society podcast by Senthil Nathan. Nathan is a visiting fellow with the Weatherhead’s Scholar’s Program and joins us as a guest host. GUEST Sven Beckert [https://www.wcfia.harvard.edu/people/sven-beckert], Faculty Associate; Chair, Weatherhead Research Cluster on Global History. Laird Bell Professor of History, Department of History, Harvard University. HOST Senthil Nathan [https://scholarsprogram.wcfia.harvard.edu/people/senthil-nathan], Fellow, Weatherhead Scholars Program. CEO, Fairtrade Australia/New Zealand; Board Member, Australian Council for International Development; Host, Business and Society podcast [https://businessandsociety.net/]. RELATED LINKS * Capitalism: A Global History [https://www.penguinrandomhouse.com/books/541160/capitalism-by-sven-beckert/], by Sven Beckert (Penguin Random House, 2025) * Empire of Cotton: A Global History [https://www.penguinrandomhouse.com/books/10461/empire-of-cotton-by-sven-beckert/], by Sven Beckert (Penguin Random House, 2015) * Harvard and Slavery: Seeking a Forgotten History [https://www.harvardandslavery.com/], coauthored by Sven Beckert * "War, Work, and the Fragile Ladder of Dignity," [https://epicenter.wcfia.harvard.edu/articles/war-work-and-fragile-ladder-dignity] by Senthil Nathan on Epicenter * Business and Society Podcast [https://businessandsociety.net/] MUSIC “African Moon” [https://freemusicarchive.org/music/John_Bartmann/Public_Domain_Soundtrack_Music_Album_One/african-moon/] by John Bartmann [https://freemusicarchive.org/music/John_Bartmann/contact]. Source: Free Music Archive (CC0 1.0 Universal License [https://creativecommons.org/publicdomain/zero/1.0/]) This episode was produced, edited, and mixed by Michelle Nicholasen [https://wcfia.harvard.edu/people/michelle-nicholasen], Editor and Content Producer at the Weatherhead Center. FOLLOW THE WEATHERHEAD CENTER FOR INTERNATIONAL AFFAIRS: * Weatherhead Center Website [https://wcfia.harvard.edu/] * Epicenter Website [https://epicenter.wcfia.harvard.edu/] * Facebook [https://www.facebook.com/WCFIA/] * LinkedIn [https://www.linkedin.com/company/weatherhead-center-harvard] * Instagram [https://www.instagram.com/weatherheadcenter] * Bluesky [https://bsky.app/profile/weatherheadcenter.bsky.social] * Simplecast [https://wcfia-epicenter.simplecast.com/] * YouTube [https://www.youtube.com/@HarvardWCFIA]
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