Gérard Duménil, Dominique Lévy: The Crisis of Neoliberalism (2011)

This book examines “the great contraction” of 2007–2010 within the context of the neoliberal globalization that began in the early 1980s. This new phase of capitalism greatly enriched the top 5 percent of Americans, including capitalists and financial managers, but at a significant cost to the country as a whole. Declining domestic investment in manufacturing, unsustainable household debt, rising dependence on imports and financing, and the growth of a fragile and unwieldy global financial structure threaten the strength of the dollar. Unless these trends are reversed, the authors predict, the U.S. economy will face sharp decline.

Summarizing a large amount of troubling data, the authors show that manufacturing has declined from 40 percent of GDP to under 10 percent in thirty years. Since consumption drives the American economy and since manufactured goods comprise the largest share of consumer purchases, clearly we will not be able to sustain the accumulating trade deficits.

Rather than blame individuals, such as Greenspan or Bernanke, the authors focus on larger forces. Repairing the breach in our economy will require limits on free trade and the free international movement of capital; policies aimed at improving education, research, and infrastructure; reindustrialization; and the taxation of higher incomes.

Publisher Harvard University Press, 2011
ISBN 0674049888, 9780674049888
400 pages

Interview with Gérard Duménil: Part 1, Part 2 (The Real News Network)

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Richard Noble (ed.): Utopias (2009)

“Throughout its diverse manifestations, the utopian entails two related but contradictory elements: the aspiration to a better world, and the acknowledgment that its form may only ever live in our imaginations. Furthermore, we are as haunted by the failures of utopian enterprise as we are inspired by the desire to repair the failed and build the new. Contemporary art reflects this general ambivalence. The utopian impulse informs politically activist and relational art, practices that fuse elements of art, design, and architecture, and collaborative projects aspiring to progressive social or political change. Two other tendencies have emerged in recent art: a looking backward to investigate the utopian elements of previous eras, and the imaginative modeling of alternative worlds as intimations of possibility. This anthology contextualizes these utopian currents in relation to political thought, viewing the utopian as a key term in the artistic lineage of modernity. It illuminates how the exploration of utopian themes in art today contributes to our understanding of contemporary cultures, and the possibilities for shaping their futures.”

Artists surveyed include: Joseph Beuys, Paul Chan, Guy Debord, Jeremy Deller, Liam Gillick, Antony Gormley, Dan Graham, Thomas Hirschhorn, Ilya and Emilia Kabakov, Bodys Isek Kingelez, Paul McCarthy, Constant A. Nieuwenheuys, Paul Noble, Nils Norman, Philippe Parreno, Pil and Galia Kollectiv, Superflex, Rirkrit Tiravanija, Mark Titchner, Atelier van Lieshout, Jeff Wall, Andy Warhol, Wochenklauser, Carey Young

Writers include: Theodor Adorno, Jennifer Allen, Catherine Bernard, Ernst Bloch, Yve-Alain Bois, Nicolas Bourriaud, Benjamin H.D. Buchloh, Alex Farquharson, Hal Foster, Michel Foucault, Alison Green, Fredric Jameson, Rosalind Krauss, Hari Kunzru, Donald Kuspit, Dermis P. Leon, Karl Marx, Jeremy Millar, Thomas More, William Morris, Molly Nesbit, Hans Ulrich Obrist, George Orwell, Jacques Rancière, Stephanie Rosenthal, Beatrix Ruf

Publisher MIT Press; with Whitechapel Gallery, London, 2009
Documents of Contemporary Arts series
ISBN 0262640694, 9780262640695
238 pages

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Jonathan Nitzan, Shimshon Bichler: The Global Political Economy of Israel (2002)

Over the past century, Israel has been transformed from an agricultural colony, to a welfare-warfare state, to a globally integrated “market economy” characterised by great income disparities. What lies behind this transformation? In order to understand capitalist development, argue Bichler and Nitzan, we need to break the artificial separation between “economics” and “politics”, and think of accumulation itself as “capitalisation of power”. Applying this concept to Israel, they reveal the big picture that never makes it to the news. Diverse processes – such as regional conflicts and energy crises, ruling class formation and dominant ideology, militarism and dependency, inflation and recession, the politics of high-technology and the transnationalisation of ownership – are all woven into a single story. The result is a fascinating account of one of the world’s most volatile regions.

Publisher Pluto Press, 2002
ISBN 0745316751, 9780745316758
407 pages

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