J. K. Gibson-Graham: A Postcapitalist Politics (2006)
Filed under book | Tags: · capitalism, economy, feminism, politics, postcapitalism, production, work
Is there life after capitalism? In this creatively argued follow-up to their book The End of Capitalism (As We Knew It), J. K. Gibson-Graham offer already existing alternatives to a global capitalist order and outline strategies for building alternative economies.
A Postcapitalist Politics reveals a prolific landscape of economic diversity—one that is not exclusively or predominantly capitalist—and examines the challenges and successes of alternative economic interventions. Gibson-Graham bring together political economy, feminist poststructuralism, and economic activism to foreground the ethical decisions, as opposed to structural imperatives, that construct economic “development” pathways. Marshalling empirical evidence from local economic projects and action research in the United States, Australia, and Asia, they produce a distinctive political imaginary with three intersecting moments: a politics of language, of the subject, and of collective action.
In the face of an almost universal sense of surrender to capitalist globalization, this book demonstrates that postcapitalist subjects, economies, and communities can be fostered. The authors describe a politics of possibility that can build different economies in place and over space. They urge us to confront the forces that stand in the way of economic experimentation and to explore different ways of moving from theory to action.
Publisher University of Minnesota Press, 2006
ISBN 0816648034, 9780816648030
316 pages
David Harvey: The Enigma of Capital And the Crises of Capitalism (2010)
Filed under book | Tags: · capitalism, economy, financial crisis, labour, market, peak oil, politics
For over forty years, David Harvey has been one of the world’s most trenchant and critical analysts of capitalist development. In The Enigma of Capital, he delivers an impassioned account of how unchecked neoliberalism produced the system-wide crisis that now engulfs the world.
Beginning in the 1970s, profitability pressures led the capitalist class in advanced countries to shift away from investment in industrial production at home toward the higher returns that financial products promised. Accompanying this was a shift towards privatization, an absolute decline in the bargaining power of labor, and the dispersion of production throughout the developing world. The decades-long and ongoing decline in wages that accompanied this turn produced a dilemma: how can goods–especially real estate–sell at the same rate as before if workers are making less in relative terms? The answer was a huge expansion of credit that fueled the explosive growth of both the financial industry and the real estate market. When one key market collapsed–real estate–the other one did as well, and social devastation resulted.
Harvey places today’s crisis in the broadest possible context: the historical development of global capitalism itself from the industrial era onward. Moving deftly between this history and the unfolding of the current crisis, he concentrates on how such crises both devastate workers and create openings for challenging the system’s legitimacy. The battle now will be between the still-powerful forces that want to reconstitute the system of yesterday and those that want to replace it with one that prizes social justice and economic equality.
Publisher Oxford University Press, 2010
ISBN 0199758719, 9780199758715
296 pages
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Walter Lippmann: The Good Society (1937)
Filed under book | Tags: · collectivism, economy, law, liberalism, liberty, politics, society, totalitarianism
The Good Society is a critical text in the history of liberalism. Initially a series of articles published in a variety of Lippmann’s favorite magazines, as the whole evolved, it became a frontal assault against totalitarian tendencies within American society. Lippmann took to task those who sought to improve the lot of mankind by undoing the work of their predecessors and by undermining movements in which men struggle to be free. This book is a strong indictment of programs of reform that are at odds with the liberal tradition, and it is critical of those who ask people to choose between security and liberty. The Good Society falls naturally into two segments. In the first, Lippmann shows the errors and common fallacies of faith in government as the solution to all problems. He says, “from left to right, from communist to conservative. They all believe the same fundamental doctrine. All the philosophies go into battle singing the same tune with slightly different words.” In the second part of the book, Lippmann offers reasons why liberalism lost sight of its purpose and suggests the first principles on which it can flourish again. Lippmann argues that liberalism’s revival is inevitable because no other system of government can work, given the kind of economic world mankind seeks. He did not write The Good Society to please adherents of any political ideology. Lippmann challenges all philosophies of government, and yet manages to present a positive program. Bewildered liberals and conservatives alike will find this work a successful effort to synthesize a theory of liberalism with the practice of a strong democracy.
Publisher Little, Brown and Company
433 pages