A topic we’ve been pursuing on this site is the transnationalization of capital, one of the prerequisites of which is the unrestricted flow of money (money-capital) around the globe. Historically part of what has facilitated this flow has been (and continues to be) the existence of unregulated places — “offshore.” Runciman in his review links [...]
Posts under ‘Political Economy’
Transnational capital and the current crisis
We’ve had a continuing interest on this site in questions raised by the transnationalization of capital, and particularly that of a transnational capitalist class (TCC), and we’ve reproduced pieces by some of the chief academic exponents and investigators of the TCC thesis, including Leslie Sklair, William K. Carroll, Jerry Harris, and William Robinson. In the [...]
Marx’ theory and the crisis this time
As this review of his two most recent books observes, David Harvey has been engaged in constructing a synthesis of Marx’ views on the causes of capitalist crises for several decades, and has, in The Enigma of Capital, written the first “book-length example of Marxian crisis theory addressed to the current situation.” This appeared in [...]
Austerity, butterflies, and the future
A prime preoccupation on this site has been the investigation, discussion, and movement toward theorization of the contemporary configuration of capitalism, its economic, political and ideological aspects. In the following essay Don explores the consequences for bourgeois forms of rule, of the transnational constitution of present-day capital and its movement toward an increasingly decentered global [...]
Causes of capitalist crises — and this one
Let’s continue to talk a little more about capital and the crisis. We’ve featured David Harvey previously, but the following gives perhaps a more overall sketch of his theory of the present crisis and of capitalist crises in general, which he sees as potentially arising from any of a number of possible blockage points in [...]
The crisis now, and possible futures
I was able to attend one session of the Global Crisis: Rethinking Economy and Society conference last weekend at the University of Chicago, and want to give a bit of a report on some some of the talks. The conference was hosted by the Chicago Center for Contemporary Theory (3CT, as they style themselves), at [...]
Wikileaks, big banks, and global gangsterism
A nice comparison from Michael Roberts blog. Business as Usual Michael Roberts Wikileaks gave us yet another gem this week, this time on the nature of the bailout of the global financial sector during the Great Recession. According to the US Ambassador to Kazakhstan in his report on the attitude of the politicians there: “The [...]
How does capital overcome its own limits? And can it continue to do so?
We will soon (hopefully) be doing a review here of David Harvey’s excellent new book, The Enigma of Capital: and the Crises of Capitalism. In the meantime this is a report, from Lenin’s Tomb, on a talk Harvey gave last year. Many of the approaches and arguments in the book are (unsurprisingly) sketched and foreshadowed [...]
Capitalist crisis and left response
Perhaps no one has done so much on the contemporary scene to simultaneously advance and popularize a Marxist political economy as David Harvey, who has recently published A Companion to Marx’s Capital and The Enigma of Capital and the Crises of Capitalism. This interview appeared recently in International Socialist Review. I don’t see a unified [...]
China: on path to superpower status?
In recent years China has often been portrayed as an emerging superpower which may come to play a dominating role. We have featured this question before on this site, in an article by Martin Hart-Lansberg, critiquing the view that “China is now capable of serving as an anchor for a new (non-US dominated) global economy” [...]
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