Pub Date : 2021-11-21DOI: 10.1177/03098168211057686
K. Lachowicz, Jimmy Donaghey
The Covid-19 pandemic crisis has confirmed neoliberal capitalism’s inability to meet critical social needs. In the United Kingdom, mutual aid initiatives based on ‘solidarity not charity’ blossomed in a context of state incompetence and private sector negligence – including Scrub Hub, a network of groups that autonomously produced personal protective equipment and provided it directly to health workers. Using a convergence of autonomist and anarchist perspectives, this article examines Scrub Hub as an example of emergent autonomous political economies and considers the challenges of resisting co-optation into volunteerist hierarchies and suppression by the neoliberal state.
{"title":"Mutual aid versus volunteerism: Autonomous PPE production in the Covid-19 pandemic crisis","authors":"K. Lachowicz, Jimmy Donaghey","doi":"10.1177/03098168211057686","DOIUrl":"https://doi.org/10.1177/03098168211057686","url":null,"abstract":"The Covid-19 pandemic crisis has confirmed neoliberal capitalism’s inability to meet critical social needs. In the United Kingdom, mutual aid initiatives based on ‘solidarity not charity’ blossomed in a context of state incompetence and private sector negligence – including Scrub Hub, a network of groups that autonomously produced personal protective equipment and provided it directly to health workers. Using a convergence of autonomist and anarchist perspectives, this article examines Scrub Hub as an example of emergent autonomous political economies and considers the challenges of resisting co-optation into volunteerist hierarchies and suppression by the neoliberal state.","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"9 1","pages":"427 - 447"},"PeriodicalIF":1.7,"publicationDate":"2021-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76062104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-18DOI: 10.1177/03098168211057683
John Foster
This article examines how the Bank for International Settlements, as a collective organic intellectual of finance capital, has sought to maintain the hegemony of financial globalization in the context of an increasingly fractured global order following the 2007–2009 financial crisis. I show how the Bank for International Settlements’ defence of financial globalization has pivoted around the construction of a new ‘economic imaginary’ of global capitalism in which the global financial cycle, which culminates in systemic financial crises, threatens economic and political stability. Asserting that this cycle can be ‘properly managed’, the Bank for International Settlements has advocated a set of formal shifts in macro-policy frameworks. Focusing on the temporality of economic governance as envisioned by the Bank for International Settlements, I highlight two important dimensions of the organization’s discourse: the reduction of policy to process and the fetishization of policy innovation. Here, the pursuit of principles of ‘good’ economic management is prioritized over the achievement of concrete economic or social outcomes. In traversing this economic imaginary, this article offers insights into how global capitalism and its management are envisioned by elites in the current period of hegemonic disorganization and political-economic turmoil.
本文考察了在2007-2009年金融危机后全球秩序日益断裂的背景下，国际清算银行作为金融资本的有机知识分子集体如何寻求维持金融全球化的霸权。我展示了国际清算银行对金融全球化的辩护是如何围绕着全球资本主义的新“经济想象”的构建展开的，在全球资本主义中，全球金融周期以系统性金融危机告终，威胁着经济和政治稳定。国际清算银行(Bank for International Settlements)主张，这一周期可以得到“妥善管理”，并主张对宏观政策框架进行一系列正式转变。关注国际清算银行所设想的经济治理的暂时性，我强调了该组织话语的两个重要方面:将政策减少到过程和政策创新的拜物教化。在这里，追求“良好”经济管理的原则优先于实现具体的经济或社会成果。在穿越这一经济想象的过程中，本文提供了在当前霸权解体和政治经济动荡时期，精英们如何设想全球资本主义及其管理的见解。
{"title":"Envisaging global balance-sheet capitalism: The Bank for International Settlements as a collective organic intellectual","authors":"John Foster","doi":"10.1177/03098168211057683","DOIUrl":"https://doi.org/10.1177/03098168211057683","url":null,"abstract":"This article examines how the Bank for International Settlements, as a collective organic intellectual of finance capital, has sought to maintain the hegemony of financial globalization in the context of an increasingly fractured global order following the 2007–2009 financial crisis. I show how the Bank for International Settlements’ defence of financial globalization has pivoted around the construction of a new ‘economic imaginary’ of global capitalism in which the global financial cycle, which culminates in systemic financial crises, threatens economic and political stability. Asserting that this cycle can be ‘properly managed’, the Bank for International Settlements has advocated a set of formal shifts in macro-policy frameworks. Focusing on the temporality of economic governance as envisioned by the Bank for International Settlements, I highlight two important dimensions of the organization’s discourse: the reduction of policy to process and the fetishization of policy innovation. Here, the pursuit of principles of ‘good’ economic management is prioritized over the achievement of concrete economic or social outcomes. In traversing this economic imaginary, this article offers insights into how global capitalism and its management are envisioned by elites in the current period of hegemonic disorganization and political-economic turmoil.","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"147 1","pages":"401 - 425"},"PeriodicalIF":1.7,"publicationDate":"2021-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76117600","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-01DOI: 10.1177/03098168211054799
Gonzalo Durán, Michael A. Stanton
This article aims to examine the dynamics of the Chilean economy as a consequence of actions taken by companies whose aim is to make profits. As such, the economic analysis used is Marxist and makes use of those classical indicators described in Capital (Rate of Surplus-Value, Organic Composition of Capital and Rate of Profit). It is maintained that with the Marxist method, we can discover that behind the accumulation of incomes lies the fact that out of each 8 hours worked, only 3 finance wages and 5 benefit the owners of capital. That fraction of the unpaid labour received by capital but invested back as new capital, plus that ‘excess’ surplus value that is consequence of high copper prices, raises the physical, but not necessarily the value, capital-per-worker ratio. As a consequence, that relation of exploitation to capital accumulation, which Marx called the Rate of Profit, is found to fall, rise and then fall again. We understand that various approaches have been made to calculate the classical indicators and include some of them as alternative methods in our results.
{"title":"The Chilean economy, an analysis of the dynamics of profits, investments and production: A Marxist approach","authors":"Gonzalo Durán, Michael A. Stanton","doi":"10.1177/03098168211054799","DOIUrl":"https://doi.org/10.1177/03098168211054799","url":null,"abstract":"This article aims to examine the dynamics of the Chilean economy as a consequence of actions taken by companies whose aim is to make profits. As such, the economic analysis used is Marxist and makes use of those classical indicators described in Capital (Rate of Surplus-Value, Organic Composition of Capital and Rate of Profit). It is maintained that with the Marxist method, we can discover that behind the accumulation of incomes lies the fact that out of each 8 hours worked, only 3 finance wages and 5 benefit the owners of capital. That fraction of the unpaid labour received by capital but invested back as new capital, plus that ‘excess’ surplus value that is consequence of high copper prices, raises the physical, but not necessarily the value, capital-per-worker ratio. As a consequence, that relation of exploitation to capital accumulation, which Marx called the Rate of Profit, is found to fall, rise and then fall again. We understand that various approaches have been made to calculate the classical indicators and include some of them as alternative methods in our results.","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"36 1","pages":"377 - 400"},"PeriodicalIF":1.7,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81111332","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-01DOI: 10.1177/03098168211054798
Charles Umney, Genevieve Coderre-LaPalme
Marxist scholarship has documented the implications of ‘neoliberal’ reforms to public services. This scholarship often considers these reforms as class projects which have disciplined working populations and created new opportunities for capitalist profit-making. But in this article, we shift emphasis to the internal dysfunction that shapes states’ pursuit of market-oriented policy agendas. We place closer focus on the specific levers through which marketising reforms are implemented, noting the conflicting pressures they unleash, and the cracks this may open through which a more democratic agenda can be advanced. Taking the French hospital sector as an example, we show how attempts to expand and intensify competition in public services have coincided with attempts to decentralise governance to the regional level. While ostensibly part of the same ‘reforming’ policy agenda, marketising policies have a strongly centralising logic which has in practice undermined efforts to develop meaningful regional planning. These institutional tensions have catalysed new political currents, as the relationship between public authorities and private sector actors has become more overtly conflictual. We argue that Marxist theorists of the state need to pay closer attention to the often dysfunctional relationship between different branches of the state, and that in the context of neoliberal public service reform, the tensions between central and regional states are particularly salient. We conclude that opponents of the marketisation of public services need to pay attention to the contested and ambiguous nature of ‘decentralisation’: while it is often a rhetorical cover for marketisation, there are opportunities for the left in demanding more meaningful and authentic forms of regional planning.
{"title":"Marketisation and regional planning in neoliberal public services: Evidence from French hospitals","authors":"Charles Umney, Genevieve Coderre-LaPalme","doi":"10.1177/03098168211054798","DOIUrl":"https://doi.org/10.1177/03098168211054798","url":null,"abstract":"Marxist scholarship has documented the implications of ‘neoliberal’ reforms to public services. This scholarship often considers these reforms as class projects which have disciplined working populations and created new opportunities for capitalist profit-making. But in this article, we shift emphasis to the internal dysfunction that shapes states’ pursuit of market-oriented policy agendas. We place closer focus on the specific levers through which marketising reforms are implemented, noting the conflicting pressures they unleash, and the cracks this may open through which a more democratic agenda can be advanced. Taking the French hospital sector as an example, we show how attempts to expand and intensify competition in public services have coincided with attempts to decentralise governance to the regional level. While ostensibly part of the same ‘reforming’ policy agenda, marketising policies have a strongly centralising logic which has in practice undermined efforts to develop meaningful regional planning. These institutional tensions have catalysed new political currents, as the relationship between public authorities and private sector actors has become more overtly conflictual. We argue that Marxist theorists of the state need to pay closer attention to the often dysfunctional relationship between different branches of the state, and that in the context of neoliberal public service reform, the tensions between central and regional states are particularly salient. We conclude that opponents of the marketisation of public services need to pay attention to the contested and ambiguous nature of ‘decentralisation’: while it is often a rhetorical cover for marketisation, there are opportunities for the left in demanding more meaningful and authentic forms of regional planning.","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"53 1","pages":"351 - 375"},"PeriodicalIF":1.7,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84603606","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-28DOI: 10.1177/03098168211054803
Grace J. Whitfield
This article uses John Kelly’s mobilisation framework, with its foundational concept of injustice, to explore workers’ propensity towards unionism in England’s outsourced social care sector. Drawing on 60 interviews with union organisers and officers, care workers, support workers and care company managers, this research highlights the difficulties of union organising in the sector and explores theorisations of mobilising. The research contends that for mobilisation theory to provide insight into relationships between work and unionism, varieties of injustice and collectivism need to be contextualised. Paid care provision generates both employment-related injustices and care-related injustices, which lead to divergent collective identities and attitudes towards unions. An absence of a coherent entity for workers to attach blame to – within a context where private providers frequently remain reliant on state funding levels – affects whether injustice and collectivism progress to mobilisation and unionisation.
{"title":"‘You couldn’t have a heart and want to strike’: Mobilising workers in England’s social care sector","authors":"Grace J. Whitfield","doi":"10.1177/03098168211054803","DOIUrl":"https://doi.org/10.1177/03098168211054803","url":null,"abstract":"This article uses John Kelly’s mobilisation framework, with its foundational concept of injustice, to explore workers’ propensity towards unionism in England’s outsourced social care sector. Drawing on 60 interviews with union organisers and officers, care workers, support workers and care company managers, this research highlights the difficulties of union organising in the sector and explores theorisations of mobilising. The research contends that for mobilisation theory to provide insight into relationships between work and unionism, varieties of injustice and collectivism need to be contextualised. Paid care provision generates both employment-related injustices and care-related injustices, which lead to divergent collective identities and attitudes towards unions. An absence of a coherent entity for workers to attach blame to – within a context where private providers frequently remain reliant on state funding levels – affects whether injustice and collectivism progress to mobilisation and unionisation.","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"39 1","pages":"331 - 350"},"PeriodicalIF":1.7,"publicationDate":"2021-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74538386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-26DOI: 10.1177/03098168211048569a
Christian Stache
{"title":"Book Review: Beyond Nature: Animal Liberation, Marxism, and Critical Theory by Marco Maurizi","authors":"Christian Stache","doi":"10.1177/03098168211048569a","DOIUrl":"https://doi.org/10.1177/03098168211048569a","url":null,"abstract":"","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"2 1","pages":"603 - 605"},"PeriodicalIF":1.7,"publicationDate":"2021-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81630430","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-26DOI: 10.1177/03098168211048569c
Caitlin Schroering
{"title":"Book Review: Fighting for Water: Resisting Privatization in Europe by Andreas Bieler","authors":"Caitlin Schroering","doi":"10.1177/03098168211048569c","DOIUrl":"https://doi.org/10.1177/03098168211048569c","url":null,"abstract":"","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"14 1","pages":"608 - 609"},"PeriodicalIF":1.7,"publicationDate":"2021-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87899434","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-26DOI: 10.1177/03098168211048569b
Michael Villanova
{"title":"Book Review: The Long Crisis: New York City and the Path to Neoliberalism by Benjamin Holtzman","authors":"Michael Villanova","doi":"10.1177/03098168211048569b","DOIUrl":"https://doi.org/10.1177/03098168211048569b","url":null,"abstract":"","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"1 1","pages":"605 - 607"},"PeriodicalIF":1.7,"publicationDate":"2021-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88619838","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-05DOI: 10.1177/03098168211048569
D. Wood
{"title":"Book Review: Design in Crisis: New Worlds, Philosophies and Practices by Tony Fry and Adam Nocek","authors":"D. Wood","doi":"10.1177/03098168211048569","DOIUrl":"https://doi.org/10.1177/03098168211048569","url":null,"abstract":"","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"52 1","pages":"601 - 603"},"PeriodicalIF":1.7,"publicationDate":"2021-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82684022","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-01DOI: 10.1177/03098168211035847a
Zaynab El Bernoussi
{"title":"Book Review: Value, by Frederick Harry Pitts","authors":"Zaynab El Bernoussi","doi":"10.1177/03098168211035847a","DOIUrl":"https://doi.org/10.1177/03098168211035847a","url":null,"abstract":"","PeriodicalId":46258,"journal":{"name":"Capital and Class","volume":"33 1","pages":"459 - 461"},"PeriodicalIF":1.7,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79707613","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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