Monday, July 29, 2013

Loomis on Bangladesh's 'garment capitalists'

In this post E. Loomis criticizes the NYT for focusing on the Bangladeshi middlemen and failing to note that the apparel companies could cut them out of the picture if they wanted. Maybe so; presumably there are reasons the apparel companies find it advantageous not to. Dependency theorists used to talk a good deal about the local classes which benefited from their ties to multinational capital. Maybe dependency theory's not that passé after all.     

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