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Although capitalism is now widely seen to be the world's only remaining form of political economy, most discussion of capitalism is vague regarding what it is and gives it little analytical importance. In this paper, I attempt to determine whether two more explicit conceptions of capitalism– those of Ellen Meiksins Wood and Hernando de Soto– can shed any light on the literature on rural smallholder commodity production in the Asia Pacific, and vice versa. I use the papers collected in this volume to analyse the relevance of‘market dependence’ (Wood) and the various‘mysteries of capital’ (de Soto) for agrarian relations in the Asia Pacific. The paper tries to point towards a definition of capitalism that distinguishes it from such related terms as commercialisation, markets, and globalisation. [ABSTRACT FROM AUTHOR]

Drawing on rural field research in three provinces of Northeast Thailand, the paper seeks to understand the ways in which life course, generational, era-defining and developmental change intersect, and why rural smallholders and smallholdings continue to persist notwithstanding deep structural change. We outline the creative ways that households and their members have sought to address the scissor effects of declining land holdings, rising needs, reduced relative returns to agriculture, and often precarious non-farm work. We posit, drawing on this work from Thailand, that while Asia’s ‘truncated agrarian transition’ goes some way to explaining the current empirical fact of persistent smallholders, we raise doubts whether the rural development agenda of modernisation, marketisation and rural exit will have the traction that governments and some scholars anticipate. A focus on production obscures how rural livelihoods also embody acts of consumption, care, reproduction and redistribution. Our study finds that the current experience of occupational multiplicity where households’ livelihoods comprise farm and non-farm, commoditised and quasi-subsistence, in situ and ex situ , production and care, and reproduction and redistribution will likely also persist, if non-farm occupations remains classically precarious and social safety nets thinly woven. The paper contributes to debates over agrarian and rural livelihood transitions in Asia, and sheds explanatory light on why the farm-size transition has not taken hold. [ABSTRACT FROM AUTHOR]

In the context of mineral extraction in South East Asia, the rural poor are generally portrayed as victims of large, invading corporatized mining enterprises. However, this paper argues that local villagers have also shown considerable agency in taking advantage of the mineral resource boom by diversifying their livelihoods to include informal mining. In South East Asia, the growth of informal mining has occurred within the overall process of agrarian transition. This paper focuses on a mineral-rich valley in southern Laos to highlight the location-specific nature of such transitions. The valley's environmental transformation has both caused and accompanied a modification in the peasant ways of life, and the recent entry of transnational mining companies and the growing market price of tin have fundamentally altered the relationships of the peasants with place, while at the same time encouraging them to claim mineral resource rights in ways that are not accommodated in conventional mining legislation. To conclude, the paper notes the multiple interpretations and contradictions of the increasing mineral dependence among Lao peasants in a rapidly changing world. [ABSTRACT FROM AUTHOR]