The Wheels Of Capitalism In Its Swaddling Clothes- Fernand Braudel’s View

Click on the headline to link to a Wikipedia entry for Fernand Braudel.

Book Review

The Wheels Of Commerce-Civilization & Capitalism:15th-18th Century, Fernand Braudel, Harper&Row, New York 1979

Karl Marx, the 19th century revolutionary socialist and dissector of the underpinnings of the capitalist mode of production, is most famous for his inflammatory pamphlet, The Communist Manifesto, a programmatic outline of, and rationale for, the socialist reconstruction of society beyond the current capitalist market system. Not as well known, and certainly not as widely read, was his equally important Das Capital that, painstaking, gives a historical analysis of the rise of capitalism based on the appropriation of surplus value by private owners. Where Marx worked in broad strokes to lay out his theory relying mainly on (and polemizing against) bourgeois economists the work under review, the second volume of a three volume study of the evolution of capitalism, Fernand Braudel’s Wheels of Commerce, fills in the spaces left by Marx’s work. Although Braundel, of necessity, tips his hat to Marx’s insights his work does not depend on a Marxist historical materialist concept of history, at least consciously, although in its total effect it is certainly comparable with that interpretation of history.

Braudel digs deep into the infrastructure of medieval society to trace the roots of capitalism to the increased widespread commerce that the rise of rudimentary production of surplus goods permitted. He highlights, rightly I think, the important role of fairs, other lesser adjunct forms of commercial endeavor like peddling and shop keeping, and the rise of fortunately located (near rivers, the ocean, along accessible roadways) cities committed full-time to creating a market for surplus goods being produced in the those cities, on the land and, most importantly, in far-off places. Naturally, such activity as the creation of markets kept creating demand for more and varied products making more expansive (and expensive) journeys necessary. The opening of wide-flung trade routes, over land and on the seas, exploited by merchant-adventurers (in the widest sense of that term) thereafter became practical, if still highly risky, for those committed to those activities.

Needless to say in a densely written six hundred page volume the number of examples of commercial endeavors (some presented in more than in one context) that Braudel highlights is beyond anything a short review could do justice to. A quick outline here will have to suffice. The already noted rise of a merchant class ready to do business over great stretches and under trying circumstances; the still controversial basis for the rise of a distinct capitalist ethic that drove the markets(think Max Weber and the Protestant ethic); the importance of double bookkeeping of accounts and the introduction of bills of exchange to facilitate payment; the exploitation of vast colonial areas for minerals and other natural resources such as gold and silver used as physical value in every day market exchanges; the rise and fall of Spanish and Portuguese colonialism based on the gold and silver mines and slave trade; the successive rises of the Dutch and English colonialisms based on that slave trade and control of the sea lanes; the rise of joint-stock companies and other forms of collective capitalist ventures; the introduction of a stock exchange to place value on those enterprises; the increased role of a national state in the emergence of capitalism as defender of private property, as purchaser of goods, and insurer of last resort against hard times; the shifts in class status away from feudal norms and rise in class consciousness in society; and, the applicability of the capitalism to non-European societies such as Japan, and non-Christian cultures such as Islam.

Just to outline some of the topics as I have just done will give one a sense that this is an important work (and act as an impetus to read volume one and three) for those who want to get the feel of what the dawn of capitalism looked like. And for those who want to move beyond capitalism a very good companion to that not widely read Das Capital of Marx.

In Honor Of Abraham Lincoln’s Birthday- Now He Belongs To The Ages- Doris Kearns Goodwin’s Abraham Lincoln- “Team Of Rivals: Abraham Lincoln's Political Genuis”- A Book Review

Book Review

Team Of Rivals: Abraham Lincoln's Poltical Genuis, Doris Kearns Goodwin, Simon &Schuster, New York, 2005

One would think as we celebrate, and rightly so, Abraham Lincoln’s birthday that everything that needs to be said about the man has been written, and written in profusion and to exhaustion. I believe that fact is essentially true, although that has not stopped all and sundry from taking a shot at reformulating, or “uncovering” the “real” Lincoln as the fairly recent attempts to win Lincoln for the “Homintern” (the English poet W.H. Auden’s term, not mine) on the question of his sexual preferences indicates. That said, after reading Doris Kearns Goodwin’s Team Of Rivals it is apparent that there are reformulations and there are reformulations. Here Ms. Goodwin has gathered much material that I have seen in other sources and tells a very interesting and detailed politically-etched story about the way that Abraham Lincoln was able to use his sharply-honed skills to weld together a presidential cabinet that, with few defections and fewer resignations, ran the Unionist side in the American Civil War. For those already familiar with battles, military victories and personalities, and grand strategies this is a very good inside look at the mechanics of how the Union victory was won. If that fight was a close thing at times it was not Lincoln’s lack of ability to stay the course and to push the fight forward that was to blame.

As I mentioned above most of the material used here, including many of the humorous (1860s humorous) anecdotes and parables that Lincoln was famous for, have seen the light of day in other sources, especially in poet and fellow Illinoisan Carl Sandburg’s old time multi-volume study. Where Ms. Goodwin shines is on the information about the fight for the formation of the Republican Party in the 1850s and in chronicling Lincoln’s almost compulsive desire from early on to mark his name in the stars. The struggle to create that new party, and the sketches of the men that were drawn to it, including Lincoln, out of the divergent political tendencies that were coming apart in the tradition Whig and Northern Democratic parties as a result of the pressures of the slavery question represented some of the most interesting parts of the book. The mix and matches of personalities and divergent political backgrounds that came together and formed its core, men like William Seward, Montgomery Blair, and Simon Chase joined by Unionist Democrats and Whigs like Edwin Stanton and Edward Bates, were those that Lincoln had to work with in order to form a coalition, a popular front if you like, that held together under his authority to get the necessary job done.

There has been some recent controversy over the question of Lincoln’s racial views and whether he was, personally, a racist or not. While that question is more germane than the once concerning his sexual preferences I believe that Ms. Goodwin has put paid to that question by her narrative. Clearly Lincoln, as he entered the presidency, had the typical racial views of his times, his white man’s times, no question. In that sense Seward, and more so, Chase held more “advanced” views and were more comfortable with working with blacks. The beauty of Lincoln, as a kicking and screaming late covert to “high” abolitionist positions is that he was able to transcend his own personal views.

In that sense Ms. Goodwin, however, may have underestimated the influence that the “team” had on Lincoln’s racial views, as they meshed together to turn what started as a straight up, although still historically important, struggle for the Union to the more important struggle to break slavery as a reputable modern form of servitude. The ups and downs of that struggle to focus the fight on abolition form the core of this book. If you are not familiar, beyond the general high school or college history books, on the subject of the American Civil War and you are not desperate to know, in detail, every battle, skirmish, and mere looking mean at each other across every picket line, or every military commander, drunk or sober, or much about what was happening politically on the Confederate side once the war started this book is for you. And if you want to have a well written political narrative of the hows and whys of Lincoln’s growing political authority during the Civil War and understand why War Minister Stanton’s statement after his assassination “now he belongs to the ages” rings true you had better read this one.