What distinguishes the historical social system we are calling historical capitalism is that in this historical system capital came to be used (invested) in a very special way. It came to be used with the primary objective or intent of self-expansion. In this system, past accumulations were 'capital' only to the extend they were used to accumulate more of the same.
Immanuel WallersteinThe basic question that the 'new science' raises for our balance sheet is the issue of what scientific questions have not been asked for 500 years, which scientific risks have not been pursued. It raises the question of who has decided what scientific risks were worth taking, and what have been the consequences in terms of the power structures of the world.
Immanuel WallersteinThe employment rates are in very bad shape. We vastly underestimate the unemployment
Immanuel WallersteinThe mark of the modern world is the imagination of its profiteers and the counter-assertiveness of the oppressed. Exploitation and the refusal to accept exploitation as either inevitable or just constitute the continuing antinomy of the modern era, joined together in a dialectic which has far from reached its climax in the twentieth century.
Immanuel WallersteinSo much were employers of wage-labor unenthusiastic about proletarianization that, in addition to fostering the gender age division of labor, they also encouraged, in their employment patters and through their influence in the political arena, recognition of defined ethnic groups, seeking to link them to specific allocated roles in the labor-force, with different levels of real remuneration for their work. Ethnicity created a cultural crust which consolidated the patterns of semi-proletarian household structures.
Immanuel Wallerstein