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Synopsis The observation 'Capitalism is dead; long live capitalism' sets the tenor for this book. With non-existent socialisms and the recent success of capitalist China, the third world is today integrated into one global capitalist network. The emergence of capitalism as the hegemonic discourse has evoked contradictory reactions: Euphoria for the proponents and dismay among the detractors. Yet, both have unquestionably accepted the system as capitalism.  This book foregrounds the phenomenon of exclusion and marginalization of a significantly large part of the population from the formal economy as integral to post-colonial capitalist development, and then seeks to demonstrate how it inevitably shapes post-colonial capitalism as a complex regime of power with its unique modalities.  The end result is a discourse, drawing on Marx and Foucault, that envisages capitalist formation in the post-colonial world, albeit in an entirely different light, in the era of globalization.