Capitalism and Bonded Labour in India: Reinterpreting Recent (Re-) Interpretations

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Abstract
Examined here is the way the link between capitalism and bonded labour has been interpreted and reinterpreted in the debate over the past half century about rural development in India. A number of those who initially equated debt bondage with a pre-capitalist production relation, and dismissed arguments that unfree labour and accumulation were compatible, changed their minds and espoused the interpretation they had previously opposed. Among the resulting errors perpetuated by more recent entrants to this debate is a misinterpretation of Marxist theory about both relational and systemic transition. The ensuing confusion has prevented them from understanding either the genesis of the debate about the role of unfreedom in advanced capitalism, or why – in the form of deproletarianisation – bonded labour currently serves the ends of the agribusiness enterprise.