Myths and Realities of Kenyan Capitalism

payments, and other licencing schemes. In other words, 'real' capitalism in the periphery was improbable, if not impossible.' On the other hand, orthodox Marxists,2 liberal scholars,3 and, subsequently, 'modified' dependentistas,4 held that foreign investments in the periphery need not forestall the emergence of transforming social forces, and that development was likely to be accelerated if/when some elements of the domestic bourgeoisie participated in joint ventures with international capital.