The Spectre of Capitalism

The Spectre of Capitalism
Author: William Keegan
Publisher: Random House (UK)
Total Pages: 240
Release: 1992
Genre: Business & Economics
ISBN:

The author argues that with the collapse of communism, world leaders must now answer the question about the kind of capitalism that is going to replace bankrupt economies. This book highlights the success of a mixed economy that combines a free market with state responsibility for infrastructure.

The Spectre of State Capitalism

The Spectre of State Capitalism
Author: Ilias Alami
Publisher: Oxford University Press
Total Pages: 321
Release: 2024-07-25
Genre: Political Science
ISBN: 0198925204

The state is back, and it means business. Since the turn of the 21st century, state-owned enterprises, sovereign funds, and policy banks have vastly expanded their control over assets and markets. Concurrently, governments have experimented with increasingly assertive modalities of statism, from techno-industrial policies and spatial development strategies to economic nationalism and trade and investment restrictions. This book argues that we are currently witnessing a historic arc in the trajectories of state intervention, characterized by a drastic reconfiguration of the state's role as promoter, supervisor, shareholder-investor, and direct owner of capital across the world economy. It offers a comprehensive analysis of this “new state capitalism”, as commentators increasingly refer to it, and maps out its key empirical manifestations across a range of geographies, cases, and issue areas. Alami and Dixon show that the new state capitalism is rooted in deep geopolitical economic and financial processes pertaining to the secular development of global capitalism, as much as it is the product of the geoeconomic agency of states and the global corporate strategies of leading firms. The book demonstrates that the proliferation of muscular modalities of statist interventionism and the increasing concentration of capital in the hands of states indicate foundational shifts in global capitalism. This includes a growing fusion of private and state capital, and the development of flexible and liquid forms of property that collapse the distinction between state and private ownership, control, and management. This has fundamental implications for the nature and operations of global capitalism and world politics. This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read on the Oxford Academic platform and offered as a free PDF download from OUP and selected open access locations.

The Specter of Capital

The Specter of Capital
Author: Joseph Vogl
Publisher: Stanford University Press
Total Pages: 169
Release: 2014-10-22
Genre: Business & Economics
ISBN: 0804792968

In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism—with its bewildering array of new instruments—by tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious financial practices that escalate risk while seeking to manage it. "The market knows best": this is a secular version of Adam Smith's faith in the market's "invisible hand," his economic interpretation of eighteenth-century providentialist theodicy, which subsequently hardened into an "oikodicy," an unquestioning belief in the self-regulating beneficence of market forces. Vogl shows that financial theory, assisted by mathematical modeling and digital technology, itself operates as a "hidden hand," pushing economic reality into unknown territory. He challenges economic theorists to move beyond the neoclassical paradigm to discern the true contours of the current epoch of financial convulsions.

Postcolonial Theory and the Specter of Capital

Postcolonial Theory and the Specter of Capital
Author: Vivek Chibber
Publisher: Verso Books
Total Pages: 321
Release: 2013-03-12
Genre: Political Science
ISBN: 1844679764

Postcolonial theory has become enormously influential as a framework for understanding the Global South. It is also a school of thought popular because of its rejection of the supposedly universalizing categories of the Enlightenment. In this devastating critique, mounted on behalf of the radical Enlightenment tradition, Vivek Chibber offers the most comprehensive response yet to postcolonial theory. Focusing on the hugely popular Subaltern Studies project, Chibber shows that its foundational arguments are based on a series of analytical and historical misapprehensions. He demonstrates that it is possible to affirm a universalizing theory without succumbing to Eurocentrism or reductionism. Postcolonial Theory and the Specter of Capital promises to be a historical milestone in contemporary social theory.

Specters of Marx

Specters of Marx
Author: Jacques Derrida
Publisher: Routledge
Total Pages: 281
Release: 2012-10-12
Genre: Philosophy
ISBN: 1136758607

Prodigiously influential, Jacques Derrida gave rise to a comprehensive rethinking of the basic concepts and categories of Western philosophy in the latter part of the twentieth century, with writings central to our understanding of language, meaning, identity, ethics and values. In 1993, a conference was organized around the question, 'Whither Marxism?’, and Derrida was invited to open the proceedings. His plenary address, 'Specters of Marx', delivered in two parts, forms the basis of this book. Hotly debated when it was first published, a rapidly changing world and world politics have scarcely dented the relevance of this book.

The Spectre at the Feast

The Spectre at the Feast
Author: Andrew Gamble
Publisher: Bloomsbury Publishing
Total Pages: 195
Release: 2019-10-10
Genre: Business & Economics
ISBN: 1137510471

After a long feast of prosperity in the western world, the crisis in the financial markets has conjured up an old spectre – the spectre of capitalist crisis, which many thought had been finally exorcised. On past experience, a full-blown capitalist crisis would bring with it the threat of slump, collapse, polarisation, conflict, and even war, spreading to all parts of the global economy - hence the great efforts being made to contain the present downturn. This important new book by a leading authority sets the financial crisis of 2007/8 in historical context and assesses its global consequences, how far it might go, and what is to be done.

A Spectre, Haunting

A Spectre, Haunting
Author: China Miéville
Publisher: Haymarket Books
Total Pages: 162
Release: 2022-11-01
Genre: Political Science
ISBN: 1642598925

China Miéville's riveting engagement with the Communist Manifesto offers a lyrical introduction and a spirited defense of the modern world's most influential political document. Few written works can so confidently claim to have shaped the course of history as Karl Marx and Friedrich Engels's Manifesto of the Communist Party. Since first rattling the gates of the ruling order in 1848, this incendiary pamphlet has never ceased providing fuel for the fire in the hearts of those who dream of a better world. Nor has it stopped haunting the nightmares of those who sit atop the vastly unequal social system it condemns. In this strikingly imaginative introduction, China Miéville provides readers with a guide to understanding the Manifesto and the many specters it has conjured. Through his unique and unorthodox reading, Miéville offers a spirited defense of the enduring relevance of Marx and Engels’ ideas. Presented along with the full text of the Communist Manifesto, Miéville's guide has something to offer first-time readers, revolutionary partisans, and even the most hard-nosed skeptics.

Capital and Its Discontents

Capital and Its Discontents
Author: Sasha Lilley
Publisher: PM Press
Total Pages: 489
Release: 2011-03-07
Genre: Political Science
ISBN: 1604865326

Capitalism is stumbling, empire is faltering, and the planet is thawing. Yet many people are still grasping to understand these multiple crises and to find a way forward to a just future. Into the breach come the essential insights of Capital and Its Discontents, which cut through the gristle to get to the heart of the matter about the nature of capitalism and imperialism, capitalism’s vulnerabilities at this conjuncture—and what can we do to hasten its demise. Through a series of incisive conversations with some of the most eminent thinkers and political economists on the Left—including David Harvey, Ellen Meiksins Wood, Mike Davis, Leo Panitch, Tariq Ali, and Noam Chomsky—Capital and Its Discontents illuminates the dynamic contradictions undergirding capitalism and the potential for its dethroning. The book challenges conventional wisdom on the Left about the nature of globalization, neoliberalism, and imperialism, as well as the agrarian question in the Global South. It probes deeply into the roots of the global economic meltdown, the role of debt and privatization in dampening social revolt, and considers capitalism’s dynamic ability to find ever new sources of accumulation—whether through imperial or ecological plunder or the commodification of previously unpaid female labor. The Left luminaries in Capital and Its Discontents look at potential avenues out of the mess—as well as wrong turns and needless detours—drawing lessons from the history of post-colonial states in the Global South, struggles against imperialism past and present, the eternal pendulum swing of radicalism, the corrosive legacy of postmodernism, and the potentialities of the radical humanist tradition. At a moment when capitalism as a system is more reviled than ever, here is an indispensable toolbox of ideas for action by some of the most brilliant thinkers of our times. Full list of Interviewees: Noam Chomsky is a laureate professor at the University of Arizona and professor emeritus in the MIT Department of Linguistics and Philosophy. His work is widely credited with having revolutionized the field of modern linguistics and Chomsky is one of the foremost critics of U.S. foreign policy. He has published numerous groundbreaking books, articles, and essays on global politics, history, and linguistics. His recent books include Who Rules the World? and Hopes and Prospects. Tariq Ali is a historian, novelist, and filmmaker, and the author of many books. He is a member of the editorial committee of the New Left Review and a contributor to the Guardian and the London Review of Books. Mike Davis is an urban theorist, historian, and political activist, author of many works including City of Quartz. He is an editor of the New Left Review and received a MacArthur Fellowship Award and the Lannan Literary Award for Nonfiction. Ellen Meiksins Wood, for many years professor of political science at York University, Toronto, is the author of a number of books, including The Origin of Capitalism and Citizens to Lords: A Social History of Western Political Thought from Antiquity to the Middle Ages. David Harvey is the Distinguished Professor of Anthropology at the Graduate Center of the City University of New York and a pioneering radical geographer. He has written numerous books and is among the 20 most cited authors in the humanities. Leo Panitch teaches political economy at York University in Toronto and is coeditor of the Socialist Register. He is the author of numerous books, including In and Out of Crisis: The Global Financial Meltdown and Left Alternatives, published by PM Press. Doug Henwood is editor of Left Business Observer, author of After the New Economy and Wall Street: How It Works and for Whom, and a contributing editor to The Nation magazine. A South African native, Gillian Hart is professor of geography at UC Berkeley and the author of Disabling Globalization: Places of Power in Post-Apartheid South Africa. John Bellamy Foster is the editor of the independent socialist magazine Monthly Review and professor of sociology at the University of Oregon in Eugene. He is the coauthor, among other works, of The Great Financial Crisis: Causes and Consequences. Ursula Huws is the editor of the international interdisciplinary journal Work Organisation, Labour and Globalisation, and the author of The Making of a Cybertariat: Virtual Work in a Real World. David McNally is professor of political science at York University in Toronto and the author of many books, including Global Slump: The Economics and Politics of Crisis and Resistance, published by PM Press. Jason W. Moore is a research fellow at the Department of Human Geography at Lund University, Sweden. Vivek Chibber is professor of sociology at New York University and the author of Locked in Place: State-Building and Late Industrialization in India. John Sanbonmatsu teaches philosophy at Worcester Polytechnic Institute in Massachusetts. He is the author of The Postmodern Prince: Critical Theory, Left Strategy, and the Making? of a New Political Subject. Andrej Grubačić is a dissident from the Balkans. A radical historian and sociologist, he is the coauthor of Wobblies and Zapatistas and author of Don’t Mourn, Balkanize! (both from PM Press).

Adventure Capitalism

Adventure Capitalism
Author: Raymond Craib
Publisher: PM Press
Total Pages: 305
Release: 2022-07-05
Genre: Political Science
ISBN: 1629639273

Imagine a capitalist paradise. An island utopia governed solely by the rules of the market and inspired by the fictions of Ayn Rand and Robinson Crusoe. Sound far-fetched? It may not be. The past half century is littered with the remains of such experiments in what Raymond Craib calls “libertarian exit.” Often dismissed as little more than the dreams of crazy, rich Caucasians, exit strategies have been tried out from the southwest Pacific to the Caribbean, from the North Sea to the high seas, often with dire consequences for local inhabitants. Based on research in archives in the US, the UK, and Vanuatu, as well as in FBI files acquired through the Freedom of Information Act, Craib explores in careful detail the ideology and practice of libertarian exit and its place in the histories of contemporary cap­italism, decolonization, empire, and oceans and islands. Adventure Capitalism is a global history that intersects with an array of figures: Fidel Castro and the Koch brothers, American segregationists and Melanesian socialists, Honolulu-based real estate speculators and British Special Branch spies, soldiers of fortune and English lords, Orange County engineers and Tongan navigators, CIA operatives and CBS news executives, and a new breed of techno-utopians and an old guard of Honduran coup leaders. This is not only a history of our time but, given the new iterations of privatized exit—seasteads, free private cities, and space colonization—it is also a history of our future.

Capitalism and Democracy in the 21st Century

Capitalism and Democracy in the 21st Century
Author: Dennis C. Mueller
Publisher: Springer Science & Business Media
Total Pages: 373
Release: 2013-03-09
Genre: Business & Economics
ISBN: 3662112876

Joseph Schumpeter oscillated in his view about the type of economic system that was most conducive to growth. In his 1911 treatise, Schumpeter argued that a more decentralized and turbulent industry structure where the pro cess of creative destruction was triggered by vigorous entrepreneurial ac tivity was the engine of economic growth. But by 1942 Schumpeter had modified his theory, arguing instead that a more centralized and stable industry structure was more conducive to growth. According to Schum peter (1942, p. 132), under the managed economy there was little room for entrepreneurship because, "Innovation itself is being reduced to routine. Technological progress is increasingly becoming the business of teams of trained specialists who turn out what is required to make it work in pre dictable ways" (p. 132). Schumpeter (1942) reversed his earlier view by arguing that the integration of knowledge creation and appropriation be stowed an inherent innovative advantage upon giant corporations, "Since capitalist enterprise, by its very achievements, tends to automize progress, we conclude that it tends to make itself superfluous - to break to pieces under the pressure of its own success.