nigini commented on Slow Down by Brian Bergstrom
”As Wallerstein saw it, capitalism relies on an opposition between “core” and “periphery.” Cheap labor is extracted from the periphery known as the Globa South, and the core raises its profits by driving down the price of the goods produced by that labor. This unequal exchange of labor power is what brings about the overdevelopment of developed countries and the underdevelopment of developing ones, according to Wallerstein."