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The corporation was a timely emergent phenomenon of the capitalist system. However, with various transitions, capitalism's reputation has become tarnished and its purpose distorted. This Element ends with the promise of another emergent era, via the corporations of the digital age.
Fabra's central thesis is that economics will not get out of the blind alley in which it has led itself--and everyone else--until it undertakes an epi-stemological inquiry into the sources of its biases. This book is concerned then with the most general structural problems that confront the economist. Covering every major theme of modern economics: from the "labor market" to the "gold standard," Fabra aims to show that the classical theories of Ricardo prevail over the more recent doctrines of both Marx and Keynes. He turns every major premise of economics on its head--starting with the reality of money and ending with the abolition of wage labor as a triumph of capitalism and market forces.
HEREIN PROPOUNDED IS THE ANATOMY OF CAPITALIST ECONOMIC COLLAPSES - PAST, PRESENT, AND FUTURE, AND THE SOCIAL AND CULTURAL DEVASTATION FOLLOWING SAME.
A refreshingly non-doctrinaire anthology of writings and interviews covering much of the intellectual geography of the new anti-market left. “Joel Schalit is one of that interesting new breed of young American leftist thinkers, with a large online presence, and a punk rock band and fanzine to run alongside his political collective and magazine Bad Subject . . . In just over 300 pages, Schalit and his contributors put forward an astounding array of anti-market arguments; survey countless pockets of anti-capitalist resistance (opposition to free-market logic comes from a surprisingly wide spectrum, from the WTO protesters in Seattle and the Zapatista rebellion, to fundamentalist religion and even some centrists and conservatives); and assess the role of culture as a public sphere in which opposition can be rehearsed. But what’s most striking about this book is not so much its multiplicity of viewpoints or intellectual rigour, but the faint hint of optimism it contains . . . These essays are addressed to the intelligent but not necessarily academic reader, and there’s a touching conviction that the ideas here should and will be discussed by ordinary people like me, and perhaps like you too.” —The Independent on Sunday (UK) “[A] must-read for any up-and-coming revolutionary who hates market economy, but isn’t sure why.” —Portland Mercury The collapse of Enron and WorldCom and the increasing evidence of corruption at the highest levels of corporate life has opened the door to a remarkable whirlwind of dialogue about the prevailing economic ideology of the post–Cold War era. While traditionally the province of the left, concerns about the legitimacy of market-driven societies are now being voiced by centrists and conservatives, who fear that their livelihoods and their investments are suddenly at the mercy of forces spinning out of control. Enter The Anti-Capitalism Reader, a refreshingly non-doctrinaire anthology of writings and interviews covering much of the intellectual geography of the new anti-market left that has become increasingly visible since anti-capitalist protests rocked the World Trade Organization’s 1999 meeting in Seattle. Featuring essays by Doug Henwood, Naomi Klein, Ali Abunimah, Annalee Newitz, Paul Thomas, Ultra-red, and the Bad Subjects collective—and interviews with Slavoj Žižek, Toni Negri, Thomas Frank, and Wendy Brown—The Anti-Capitalism Reader moves from politics to culture, gender, and alternative economic systems. Each contributor presents accessible, hard-hitting (and sometimes humorous) critical insights that together make this volume an ideal partner in contemporary discourse about globalization, war, and economic decline.
In the vein of his bestseller, Four Arguments for the Elimination of Television, nationally recognized social critic Jerry Mander researches, discusses, and exposes the momentous and unsolvable environmental and social problem of capitalism. Mander argues that capitalism is no longer a viable system: "What may have worked in 1900 is calamitous in 2010." Capitalism, utterly dependent on never–ending economic growth, is an impossible absurdity on a finite planet with limited resources. Climate change, together with global food, water, and resource shortages, are only the start. Mander draws attention to capitalism's obsessive need to dominate and undermine democracy, as well as to diminish social and economic equity. Designed to operate free of "morality," the system promotes "permanent war" as a key economic strategy. Worst of all, the problems of capitalism are intrinsic to the form. Many organizations are already anticipating the breakdown of the system and are working to define new hierarchies of democratic values that respect the carrying capacities of the planet.
We Are Everywhere is a whirlwind collection of writings, images and ideas for direct action by people on the frontlines of the global anticapitalist movement. This is a movement of untold stories, because those from below are not those who get to write history, even though we are the ones making it. We Are Everywhere wrenches our history from the grasp of the powerful and returns it to the streets, fields and neighbourhoods where it was made.
A trenchant look at contemporary capitalism’s insatiable appetite—and a rallying cry for everyone who wants to stop it from devouring our world Capital is currently cannibalizing every sphere of life–guzzling wealth from nature and racialized populations, sucking up our ability to care for each other, and gutting the practice of politics. In this tightly argued and urgent volume, leading Marxist feminist theorist Nancy Fraser charts the voracious appetite of capital, tracking it from crisis point to crisis point, from ecological devastation to the collapse of democracy, from racial violence to the devaluing of care work. These crisis points all come to a head in Covid-19, which Fraser argues can help us envision the resistance we need to end the feeding frenzy. What we need, she argues, is a wide-ranging socialist movement that can recognize the rapaciousness of capital—and starve it to death.
Shortlisted for the Deutscher Memorial Prize 2023 Capital is currently cannibalizing every sphere of life-guzzling wealth from nature and racialized populations, sucking up our ability to care for each other, and gutting the practice of politics. In this tightly argued and urgent volume, leading Marxist feminist theorist Nancy Fraser charts the voracious appetite of capital, tracking it from crisis point to crisis point, from ecological devastation to the collapse of democracy, from racial violence to the devaluing of care work. These crisis points all come to a head in Covid-19, which Fraser argues can help us envision the resistance we need to end the feeding frenzy. What we need, she argues, is a wide-ranging socialist movement that can recognize the rapaciousness of capital - and starve it to death.
A New York Times bestseller The Great Deformation is a searing look at Washington's craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state—especially the Federal Reserve—has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America's private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few. Defying right- and left-wing boxes, David Stockman provides a catalogue of corrupters and defenders of sound money, fiscal rectitude, and free markets. The former includes Franklin Roosevelt, who fathered crony capitalism; Richard Nixon, who destroyed national financial discipline and the Bretton Woods gold-backed dollar; Fed chairmen Greenspan and Bernanke, who fostered our present scourge of bubble finance and addiction to debt and speculation; George W. Bush, who repudiated fiscal rectitude and ballooned the warfare state via senseless wars; and Barack Obama, who revived failed Keynesian “borrow and spend” policies that have driven the national debt to perilous heights. By contrast, the book also traces a parade of statesmen who championed balanced budgets and financial market discipline including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair. Stockman's analysis skewers Keynesian spenders and GOP tax-cutters alike, showing how they converged to bloat the welfare state, perpetuate the military-industrial complex, and deplete the revenue base—even as the Fed's massive money printing allowed politicians to enjoy “deficits without tears.” But these policies have also fueled new financial bubbles and favored Wall Street with cheap money and rigged stock and bond markets, while crushing Main Street savers and punishing family budgets with soaring food and energy costs. The Great Deformation explains how we got here and why these warped, crony capitalist policies are an epochal threat to free market prosperity and American political democracy.
South Korean historian Jie-Hyun Lim, raised under an anticommunist dictatorship, turned to Marxian thought to explain his country’s development, even as he came to struggle with its Eurocentrism. As a transnational scholar working in postcommunist Poland, Lim recognized striking similarities between Korean and Polish history and politics. One realization stood out: Both Korea and Poland—at once the “West” for Asia yet “Eastern” Europe—had been assigned the role of “East.” This book explores entangled Easts to reconsider global history from the margins. Examining the politics of history and memory, Lim reveals the affinities linking Eastern Europe and East Asia. He draws out commonalities in their experiences of modernity, in their transitions from dictatorship to democracy, and in the shaping of collective memory. Ranging across Poland, Germany, Israel, Japan, and Korea, Lim traces the global history of how notions of victimhood have become central to nationalism. He criticizes mass dictatorships of right and left in the Global Easts, considering Nazi jurist Carl Schmitt’s notion of sovereign dictatorship and the concept of decisionist democracy. Lim argues that nationalism is inherently transnational, critiquing how the nationalist imagination of the Global East has influenced countries across borders. Theoretically sophisticated and conceptually innovative, this book sheds new light on the transnational complexity of historical memory and imagination, the boundaries between democracy and mass dictatorship, and the fluidity of East and West.