Ramlal ‘the capitalist’ has always existed. Way back in 17th century, Ramlal alias Mr. Ramon sent its first expedition to the East Indies. After some 18-20 months his ship ‘Hector’, he named it after the Trojan prince, returned from Sumatra, Java with a cargo mainly of pepper. The success of this venture led to second and then third and then fourth expedition. Ramlal obviously was not alone. Many other Ramlal’s started investing money in the expectation of making a profit. Profit was quite simple a result of scarcity and distance. Profit was made from the huge difference between the price paid for say pepper in the Spice Islands and price it fetched in say London, a difference that dwarfed the costs of the venture.
Ramlal ‘the capitalist’ knotted with the state, which granted it a monopoly for the import of goods and gave it the right to export as well. In the exchange the state, always short of money, gained revenue from custom duties on large imports; obviously also through bribes and favors. That’s irrelevant because Ramlal & his friends manipulated the market, (something that Ramlals still practice: remember recent talk about buying country’s gas at 1dollar and selling it at 8 dollar to own countrymen!) but legitimate as per all laws of the land. The secret was to secure monopolies by one mean or another, exclude competitors and control the market in every possible way. (Today’s Ramlal is no different).
As I said Ramlal, ‘the capitalist’ has always existed. Later in the early 18th century Ramlal; now filthy rich started investing in manufacturing; and for the sake of argument (and also basis the Hindi movie that I have seen on Ramlal) started some spinning mill. Obviously, Ramlal made good profits. After some years, markets opened (i.e. other players started investing in this area), and spinning became a very competitive industry. Now profit depended on the workers who turned raw material into finished products. So Ramlal, ‘the capitalist’ started working on wage cost by replacing craft workers with less skilled and cheaper labor. Conflict over wages started. Workers started organizing themselves first locally, then regionally and then nationally. They started calling these groups as UNION. Ramlal’s old ‘friend in deed is a friend indeed’; “state” assisted Ramlal to defeat such Unions. Union Leaders were imprisoned.
Ramlal then started another form of exploitation; fines, threat of dismissal and at times even physical punishment to enforce discipline. Turning up on time, starting on time & taking breaks of specified duration at specified time became a norm. Ramlal hence safeguarded his profits. Obviously, he was doing it all in a legitimate way.
Ramlal, ‘the capitalist’ is continuing in the most legitimate way of doing business, is accumulating profits & is absolutely within laws of land.
Look at the irony that we live in an illusion that Ramlal ‘the capitalist’ is not anarchist, is not a rebel but the one who disagrees with Ramlal’s way of Crony capitalism is an ANARCHIST. Now that’s the definition of capitalism