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Perilous Passage: Mankind and the Global Ascendancy of Capital. By AMIYA KUMAR BAGCHI. Lanham, Md.: Rowman & Littlefield Publishers, Inc., 2005. 432 pp. $65.00 (cloth).
Amiya Kumar Bagchi's Perilous Passage: Mankind and the Global Ascendancy of Capital is an ambitious work that essays to rethink the extent to which the transition to capitalism did not accomplish significant human development until well into the late nineteenth and early twentieth centuries. And even that development has come in a most uneven manner with horrendous consequences for much of the formerly colonized peoples of the world. This substantive ambition is undermined by overreach, as the author enters into unrelated issues involved in debates on the origins of capitalist development in a comparatively touch-and-go and unconvincing fashion.
After a brief introduction to the tendency of writing on development to overlook or give short shrift to the impact of the transition to capitalism on the majority of the world's peoples, be they in the colonized or colonizing sections of the world market being constructed during the mercantile and industrial capitalist phase of the transition to capitalism, Bagchi offers an alternative. In chapter 1, Bagchi asserts the provocative though not necessarily new thesis that, regardless of increases in productivity, until roughly the end of the nineteenth century, basic indicators of human development underwent little in the way of significant change for the overwhelming majorities in either Europe or the parts of the (nonwhite) world that European colonizers were conquering and looting. Indicators of human development reviewed in detail across region and time period include longevity, infant mortality rates, heights, nutrition, and literacy, in addition to levels of human freedom.
Looking at the question of development as more than merely a matter of objective rates of surplus production and growth or technological upgrading across time, Bagchi refutes the neoliberal and Eurocentric faith in the superiority of the European "model." In chapters 1-8, Bagchi documents the huge amount of loss of human life and potential that accompanied the mercantilist period of European development. Bagchi argues there is little evidence of demonstrable human development in Europe even as Dutch and Spanish empires conquered whole swaths of the "new world." Europe during this period was hardly "advanced" as it underwent a series of princes' wars...