We Are The Crisis Of Capital
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We Are The Crisis Of Capital
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Author : John Holloway
language : en
Publisher: PM Press
Release Date : 2019-04-01
We Are The Crisis Of Capital written by John Holloway and has been published by PM Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-01 with Political Science categories.
We Are the Crisis of Capital collects articles and excerpts written by radical academic, theorist, and activist John Holloway over a period of forty years. This collection asks, “Is there a way out?” How do we break capital, a form of social organisation that dehumanises us and threatens to annihilate us completely? How do we create a world based on the mutual recognition of human dignity? Holloway’s work answers loudly, “By screaming NO!” By thinking from our own anger and creativity. By trying to recover the “we” buried under the categories of capitalist thought. By opening those categories and discovering the antagonism they conceal and by discovering that behind the concepts of money, state, capital, crisis, and so on, there moves our resistance-and-rebellion. An approach sometimes referred to as Open Marxism, it is an attempt to rethink Marxism as daily struggle. The articles move forward, influenced by the German state derivation debates of the 1970s, by the CSE debates in Britain, and the group around the Edinburgh journal Common Sense, and then moving on to Mexico and the wonderful stimulus of the Zapatista uprising, and now the continuing whirl of discussion with colleagues and students in the Posgrado de Sociología of the Benemérita Universidad Autónoma de Puebla.
The Future Of Capitalism
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Author : Paul Collier
language : en
Publisher: Penguin UK
Release Date : 2018-10-04
The Future Of Capitalism written by Paul Collier and has been published by Penguin UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-04 with Business & Economics categories.
From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it Deep new rifts are tearing apart the fabric of Britain and other Western societies: thriving cities versus the provinces, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit and the return of the far right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts - economic, social and cultural - with the cool head of pragmatism, rather than the fervour of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world's most distinguished social scientists, he shows us how to save capitalism from itself - and free ourselves from the intellectual baggage of the 20th century.
The Death Of Capital
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Author : Michael E. Lewitt
language : en
Publisher: John Wiley and Sons
Release Date : 2010-03-25
The Death Of Capital written by Michael E. Lewitt and has been published by John Wiley and Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-25 with Business & Economics categories.
In The Death of Capital, respected portfolio manager and longtime investment professional Michael Lewitt looks at how the U.S. economy has increasingly been dominated by short-term speculation rather than industrial expansion in recent years. These disastrous trends, described here as financialization, ignore the fact that capital itself is a highly unstable process rather than a fixed object or category. As a result of our failure to understand the true nature of capital, we have developed a financial and regulatory system that does exactly the opposite of what it should be doing—favoring obscurity over transparency and fomenting instability rather than growth. In explaining where we have gone wrong Lewitt pulls few punches in criticizing some of the counterproductive forces that have led to the death of capital—including Wall Street practices such as private equity and derivatives trading—which he views both as economically unproductive and morally misguided. Page by informative page, this timely guide: Addresses "financialization" and its consequences, such as a weaker U.S. dollar, the destruction of American industries, and the loss of American economic and political influence Explores the most important aspects of capital and capitalism through the prism of four of the world’s great economic thinkers Discusses how the legal system aided economic weakening by privileging short-term investment goals Calls for politically controversial reforms such as stricter regulation of hedge funds and private equity firms, banning naked credit default swaps and Structured Investment Vehicles, and principles-based reforms to improve systemic stability Financial reform is needed to make sure capital does not die again. Filled with in-depth insights and practical advice, The Death of Capital is not just a play-by-play of the recent financial crisis, but an original and passionate analysis of the trends that led to it and what can be done in a regulatory sense to address the problems.
Zombie Capitalism
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Author : Chris Harman
language : en
Publisher: Haymarket Books
Release Date : 2010
Zombie Capitalism written by Chris Harman and has been published by Haymarket Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of September–October 2008, leading one apologist for the system, Willem Buiter, to write of "the end of capitalism as we knew it." As the crisis unfolded, the world witnessed the way in which the runaway speculation of the "shadow" banking system wreaked havoc on world markets, leaving real human devastation in its wake. Faced with the financial crisis, some economic commentators began to talk of "zombie banks"–financial institutions that were in an "undead state" and incapable of fulfilling any positive function but a threat to everything else. What they do not realize is that twenty-first century capitalism as a whole is a zombie system, seemingly dead when it comes to achieving human goals.
Global Capitalism And The Crisis Of Humanity
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Author : William I. Robinson
language : en
Publisher: Cambridge University Press
Release Date : 2014-07-28
Global Capitalism And The Crisis Of Humanity written by William I. Robinson and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-28 with Social Science categories.
This exciting new study provides an original and provocative exposé of the crisis of global capitalism in its multiple dimensions - economic, political, social, ecological, military, and cultural. Building on his earlier works on globalization, William I. Robinson discusses the nature of the new global capitalism, the rise of a globalized production and financial system, a transnational capitalist class, and a transnational state and warns of the rise of a global police state to contain the explosive contradictions of a global capitalist system that is crisis-ridden and out of control. Robinson concludes with an exploration of how diverse social and political forces are responding to the crisis and alternative scenarios for the future.
In Against And Beyond Capitalism
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Author : John Holloway
language : en
Publisher: PM Press
Release Date : 2016-04-01
In Against And Beyond Capitalism written by John Holloway and has been published by PM Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-01 with Political Science categories.
In, Against, and Beyond Capitalism is based on three recent lectures delivered by John Holloway at the California Institute of Integral Studies in San Francisco. The lectures focus on what anticapitalist revolution can mean today—after the historic failure of the idea that the conquest of state power was the key to radical change—and offer a brilliant and engaging introduction to the central themes of Holloway’s work. The lectures take as their central challenge the idea that “We Are the Crisis of Capital and Proud of It.” This runs counter to many leftist assumptions that the capitalists are to blame for the crisis, or that crisis is simply the expression of the bankruptcy of the system. The only way to see crisis as the possible threshold to a better world is to understand the failure of capitalism as the face of the push of our creative force. This poses a theoretical challenge. The first lecture focuses on the meaning of “We,” the second on the understanding of capital as a system of social cohesion that systematically frustrates our creative force, and the third on the proposal that we are the crisis of this system of cohesion. “His Marxism is premised on another form of logic, one that affirms movement, instability, and struggle. This is a movement of thought that affirms the richness of life, particularity (non-identity) and ‘walking in the opposite direction’; walking, that is, away from exploitation, domination, and classification. Without contradictory thinking in, against, and beyond the capitalist society, capital once again becomes a reified object, a thing, and not a social relation that signifies transformation of a useful and creative activity (doing) into (abstract) labor. Only open dialectics, a right kind of thinking for the wrong kind of world, non-unitary thinking without guarantees, is able to assist us in our contradictory struggle for a world free of contradiction.”—Andrej Grubačić, from his Preface
A Failure Of Capitalism
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Author : Richard A. Posner
language : en
Publisher: Harvard University Press
Release Date : 2011-05-31
A Failure Of Capitalism written by Richard A. Posner and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-31 with Business & Economics categories.
The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we’ve learned from the Great Depression? Why wasn’t it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fuelled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist—that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation—and the Keynesian—that the depression was the product of a credit binge in the 1920s, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated.
The Structural Crisis Of Capital
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Author : István Mészáros
language : en
Publisher: NYU Press
Release Date : 2010-03-01
The Structural Crisis Of Capital written by István Mészáros and has been published by NYU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-01 with Philosophy categories.
In this collection of trenchant essays and interviews, István Mészáros, the world’s preeminent Marxist philosopher and winner of the 2008 Libertador Award for Critical Thought (the Bolivar Prize), lays bare the exploitative structure of modern capitalism. He argues with great power that the world’s economies are on a social and ecological precipice, and that unless we take decisive action to radically transform our societies we will find ourselves thrust headfirst into barbarism and environmental catastrophe. Mészáros, however, is no pessimist. He believes that the multiple crises of world capitalism will encourage the working class to demand center stage in the construction of a new system of production and distribution designed to meet human needs rather than serve the relentless pursuit of profit—a struggle which is already underway in places such as Venezuela. As John Bellamy Foster says in the foreword to this indispensable book, “Today the structural crisis of capital provides the historical setting for a new revolutionary movement for social emancipation in which developments normally taking centuries would flit by like phantoms in decades or even years. But the force for such necessary, vital change, remains with the people themselves, and rests on humanity’s willingness to constitute itself as both subject and object of history, through the collective struggle to create a just and sustainable world. This, Mészáros insists, constitutes the unprecedented challenge and burden of our historical time.”
Imperialism And Capitalism In The Twenty First Century
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Author : James Petras
language : en
Publisher: Routledge
Release Date : 2016-05-13
Imperialism And Capitalism In The Twenty First Century written by James Petras and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-13 with History categories.
We live in a time of dynamic, but generally regressive regime change-a period in which major political transformations and a rollback of a half-century of legislation are accelerated under conditions of a prolonged and deepening economic crisis and a worldwide offensive against the citizenry and the working class. Written by two of the world’s leading left-wing thinkers, Imperialism and Capitalism in the Twenty-First Century takes the form of a number of analytical probes into some of the dynamics of capitalist development and imperialism in contemporary conditions of a system in crisis. It is too early to be definitive about the form that capitalism and imperialism -and socialism-might be or is taking, as we are in but the early stages of a new developmental dynamic, the conditions of which are too complex to anticipate or grasp in thought; they require a closer look and much further study from a critical development and Marxist perspective. The purpose of this book is to advance this process and give some form to this perspective.
Making Money
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Author : Ole Bjerg
language : en
Publisher: Verso Books
Release Date : 2014-04-22
Making Money written by Ole Bjerg and has been published by Verso Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-22 with Philosophy categories.
What is money? Where does it come from? Who makes it? And how can we understand the current state of our economy as a crisis of money itself? In Making Money, Ole Bjerg turns these questions into a matter of philosophical rather than economic analysis. Applying the thinking of Slavoj Zizek and other scholars to mainstream economic literature, Bjerg provides a radical new way of looking at the mysterious stuff we use to buy things. It is a theory unfolded in reflections on the nature of monetary phenomena such as financial markets, banks, debt, credit, derivatives, gold, risk, value, price, interests, and arbitrage. The analysis of money is put into an historical context, suggesting that the current financial turbulence and debt crisis are evidence that we live in the age of post-credit capitalism. By bridging the fields of economics and contemporary philosophy, Bjerg's work engages in a compelling form of intellectual arbitrage.