[Marxism] 500 Lashes: Origins of Capitalism in Australian

Tom O'Lincoln olincolntom at gmail.com
Fri Dec 13 17:42:35 MST 2013

Thoroughly researched and theoretically grounded view of the first 30 years
of the colony of New South Wales.

A state-run prison with capitalist features was transforming itself [the
authors conclude after examining these three early decades] into a
full-blown capitalist society in eastern Australia. Macquarie had still
relied heavily on subsistence agriculture and subsidised infrastructure
development. Now the private sector began to grow more rapidly and the
relative power of the state declined. Greater use of assignment
“privatised” the convict system; deregulation of British shipping allowed
more vessels to trade in Sydney and helped boost local business.
Transportation of convicts was rapidly increasing, which helped maintain a
temporary check on the emancipists’ political claims. But more and more
free immigrants were also being lured to the colony. Pastoralism,
agriculture, commerce, construction, mining and manufacturing – each in
varying degrees was contributing to economic growth. The profit motive had
taken command.

Reviewed at:

article at:

More information about the Marxism mailing list