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Abstract
This article reviews the controversy initiated by the publication of the book Postcolonial Theory and the Specter of Capitalism (PTSC) by the North American sociologist Vivek Chibber, which deals with the analytical and political limitations of the Post-colonial Theory (TP), specifically of the Subaltern Studies (SS). A brief review of Chibber's argument will be made and the responses to his analysis will be presented, with special emphasis on the discussion about the relevance of Marxism and the concept of “capital’s universalization” proposed by Marx in the Grundrisse. It is concluded that the Marxian thesis of the universalization of capital must be understood as the globalization of the capitalist mode of production and that the historiography of capitalism must include the role of the global south in the conformation of capitalism with the purpose of leaving eurocentrism behind.
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