Wallerstein argues that Marx's distinction between merchant and industrial capital is of little real significance.

Name: Wallerstein argues that Marx's distinction between merchant and industrial capital is of little real significance.
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Wallerstein believes that the distinction between merchant and industrial capital is not significant because both forms of capital are integral to the functioning of the capitalist world-system, and they work together to facilitate the accumulation of capital.

Wallerstein Argues That Marx's Distinction Between Merchant and Industrial Capital