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This book brings together Marxian philosophy and Lacanian psychoanalysis to argue that the hegemonic form of global capital is founded on the foreclosure of class and world of the third. The authors counterpose the world of the third to the mainstream notion of the third world, seen as a lacking other in desperate need of aid and development. Thus, for them, the hegemonic form of global capital is engendered through the foregrounding of the poor, victim third world and the foreclosure of the non-capitalist world of the third. Building on what they characterize as an ab-original reading of Marxian historical materialism and the Lacanian real, the authors seek to conceptualize a counter-hegemonic revolutionary subject as a basis for postcapitalist alternatives to the hegemonic form of global capital.
Taking the period following the advent of liberalization, this book explains the transition of the Indian economy against the backdrop of development. If the objective is to explore the new economic map of India, then the distinct contributions in the book could be seen as twofold. The first is the analytical frame whereby the authors deploy a unique Marxist approach consisting of the initial concepts of class process and the developing countries to address India's economic transition. The second contribution is substantive whereby the authors describe India's economic transition as epochal, materializing out of the new emergent triad of neo-liberal globalization, global capitalism and inclusive development. This is how the book theorizes the structural transformation of the Indian economy in the twenty-first century. Through this framework, it interrogates and critiques the given debates, ideas and policies about the economic development of a developing nation.
Challenging the more conventional approaches to dislocation and resettlement that are the usual focus of discussion on the topic, this book offers a unique theory of dislocation in the form of primitive accumulation. Interrogating the ‘reformist-managerial’ and ‘radical-movementist’ approaches, it historicizes and politicizes the event of dislocation as a moment to usher in capitalism through the medium of development. Such a framework offers alternative avenues to rethinking dislocation and resettlement, and indeed the very idea of development. Arguing that dislocation should not be seen as a necessary step towards achieving progress - as it is claimed in the development discourse - the authors show that dislocation emerges as a socio-political constituent of constructing capitalism. This book will be of interest to academics working on Development Studies, especially on issues relating to the political economy of development and globalization.
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.
Relates the writings of Antonio Gramsci and others to the contemporary debates in international relations.
This book offers a unique theory of dislocation in the form of primitive accumulation. It develops a framework that offers alternative avenues to rethinking dislocation and resettlement, and indeed the very idea of development.
Cites case studies from US metropolitan areas to argue that the traditional theories of monopoly capitalism and world systems are inadequate to analyze the emerging international capitalist economy. Also examines the new relationships between economics, politics, and governments. Paper edition (unseen), $16.95. Annotation copyrighted by Book News, Inc., Portland, OR
"One of the most comprehensive histories of modern capitalism yet written." —Michael Hirsh, New York Times An authoritative, insightful, and highly readable history of the twentieth-century global economy, updated with a new chapter on the early decades of the new century. Global Capitalism guides the reader from the globalization of the early twentieth century and its swift collapse in the crises of 1914–45, to the return to global integration at the end of the century, and the subsequent retreat in the wake of the financial crisis of 2008.
Geopolitical Economy radically reinterprets the historical evolution of the world order, as a multi-polar world emerges from the dust of the financial and economic crisis. Radhika Desai offers a radical critique of the theories of US hegemony, globalisation and empire which dominate academic international political economy and international relations, revealing their ideological origins in successive failed US attempts at world dominance through the dollar. Desai revitalizes revolutionary intellectual traditions which combine class and national perspectives on 'the relations of producing nations'. At a time of global upheavals and profound shifts in the distribution of world power, Geopolitical Economy forges a vivid and compelling account of the historical processes which are shaping the contemporary international order.
Two major trends are currently challenging the sustainability of human civilization: extreme inequality and the ecological crisis. This book argues that these are intrinsically linked by further exploring the complex relationships between global ecological crises, neoliberal globalization, orthodox development policies, and imperialism. Drawn from extensive theoretical, historical, policy, and empirical research, as well as fieldwork in Africa and Asia, this book examines the crucial characteristics of the capitalist world-system and how it enables and drives ecological imperialism. Neoliberal globalization has allowed for capital’s unfettered access to and exploitation of Nature across the planet, and neoliberal development policies have reinforced a contemporary form of ecological imperialism where the environments of the Global South are enclosed and exploited, and local communities are dispossessed of their land and livelihoods. Simultaneously, resources from the Global South are funneled to the Global North in the form of consumer goods and ecologically unequal exchange, while the profits from those resources are siphoned away to transnational corporations, financiers, and government elites. This work traces the historical development of free market policies, while also paying special attention to the role of Northern international financial institutions, emerging economies (the semi-periphery), and the often-hidden role of international finance in ecological imperialism. This volume will be of keen interest to scholars and students of political economy, critical development studies, environmental sociology, and political ecology.