How War Capitalism Forged Modern Industrial Capitalism
The Empire of Cotton: How War Capitalism Forged Modern Industrial Capitalism Sven Beckert’s Empire of Cotton: A Global History revolutionizes our understanding of capitalism by revealing cotton not as a mere commodity but as the central thread weaving together the violent birth of the modern global economy. Beckert argues that modern capitalism did not emerge from peaceful market exchanges or spontaneous technological innovation alone. Instead, it was forged through what he terms “war capitalism”—a brutal system of state-backed expropriation, imperial conquest, and racialized labor exploitation that predated and enabled the Industrial Revolution. From the 16th to the 19th centuries, European states leveraged military power to seize land in the Americas, enslave millions of Africans, and dismantle thriving textile industries in India and China, all to secure a cheap, relentless supply of raw cotton for nascent factories in Manchester and beyond. Slavery was not peripheral but foundati...