after 1850 · Haitianyear only
Foreign merchants re-enter the trade the bourgeoisie lived on
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Unable to sustain the plantation system, to expropriate the immediate producers or to build an industrial infrastructure, the Haitian bourgeoisie turned to commerce and to control of the state. It made its wealth from circulation rather than production, which tied its fortunes entirely to a world market it could not influence. When foreign merchants began competing for the import and export sector, even that monopoly stopped being secure. The state, with its power to intervene and regulate, then became the decisive prize and a lucrative source of accumulation in its own right. The book's larger claim follows from this: Haiti, as the first underdeveloped postcolonial society in the New World, was also the first to produce the authoritarian state form later associated with peripheral capitalist societies, with an export-oriented and unintegrated economy and no liberal democratic institutions.