Taking notes 34: The enlightened capitalist

by Shimshon Bichler and Jonathan Nitzan Preamble Over the past few years, we have written a series of articles about the global crisis.[1] These papers try to break the conventional constrains of liberalism and Marxism, examining the crisis from the new theoretical viewpoint of capital as power. Capitalists and corporations, we argue, are driven not to maximize profit, but to ‘beat the average’ and increase their differential power. In this approach, the redistribution of income and assets is not a ‘societal’ side effect of the economy, but the central conflict that propels modern capitalism. And the main weapon in this … Continue reading Taking notes 34: The enlightened capitalist

Reading Thomas Piketty: A Critical Essay

by Zoltan Zigedy I should perhaps add that I experienced the American dream at the age of twenty-two, when I was hired by a university near Boston just after finishing my doctorate… Here was a country that knew how to attract immigrants when it wanted to! Yet I also realized quite soon that I wanted to return to France and Europe… One important reason for my choice has a direct bearing on this book: I did not find the work of US economists entirely convincing… To put it bluntly, the discipline of economics has yet to get over its childish … Continue reading Reading Thomas Piketty: A Critical Essay

Sociality, solitude, and the struggle for socialism

by Jeff Noonan The basic principle of historical materialism is that all complex socio-cultural systems and institutions are rooted in and ultimately depend upon reproductive and productive labour. Reproductive and productive labour connect human beings to each other and the sustaining natural environment. “The production of life,” Marx wrote in The German Ideology, “both of one’s own in labour and of fresh life in procreation… appears as two-fold relation: on the one hand, as a natural, on the other, as a social relation—social in the sense that it denotes the cooperation of several individuals.”[1] The second principle of historical materialism … Continue reading Sociality, solitude, and the struggle for socialism

Neoliberalism and the machinery of disposability

by Henry A. Giroux Under the regime of neoliberalism, especially in the United States, war has become an extension of politics as almost all aspects of society have been transformed into a combat zone. Americans now live in a society in which almost everyone is spied on, considered a potential terrorist, and subject to a mode of state and corporate lawlessness in which the arrogance of power knows no limits. The state of exception has become normalized. Moreover, as society becomes increasingly militarized and political concessions become relics of a long-abandoned welfare state hollowed out to serve the interest of … Continue reading Neoliberalism and the machinery of disposability

Taking notes 33: Budgets, values and visions

by Venerable Bhikkhu Bodhi The release of the Congressional Progressive Caucus budget recently brings up once again the familiar maxim that a budget is, or should be, a moral document. I believe, however, that this statement, although true, does not convey adequately the most salient significance of a budget. I would contend that budgets not only shed light on our schemes of moral values, but also, at a still more fundamental level, bring to manifestation our guiding visions, our deepest views about the meaning of human life and the type of society we should strive to create. Moral values frame … Continue reading Taking notes 33: Budgets, values and visions

Practising (for) utopia

by Ruth Kinna This essay[1] highlights the constructive, utopian possibilities that spring from a sense of political compromise and argues that this distinctive type of utopian practice lends itself particularly well to anarchism. To show the distinctiveness of the approach in anarchist thought, the paper examines two other models of utopianism: one called realist and the other experiential. The argument is that, while all these conceptions of anarchist utopianism are valuable, the experiments that stem from compromise not only have the potential to inspire activists but also challenge non-anarchists to consider the costs of their everyday, apparently mundane decisions. On … Continue reading Practising (for) utopia

Taking notes 32: Beyond neoliberal miseducation

by Henry A. Giroux As universities turn toward corporate management models, they increasingly use and exploit cheap faculty labor while expanding the ranks of their managerial class. Modeled after a savage neoliberal value system in which wealth and power are redistributed upward, a market-oriented class of managers largely has taken over the governing structures of most institutions of higher education in the United States. As Debra Leigh Scott points out, “administrators now outnumber faculty on every campus across the country.”[1] There is more at stake here than metrics. Benjamin Ginsberg views this shift in governance as the rise of what he … Continue reading Taking notes 32: Beyond neoliberal miseducation

Theory and practice reconsidered: the role of ‘critical theory’

by Chris Cutrone Why read Georg Lukács today?[1] Especially when his most famous work, History and Class Consciousness, is so clearly an expression of its specific historical moment, the aborted world revolution of 1917–19 in which he participated, attempting to follow Vladimir Lenin and Rosa Luxemburg. Are there “philosophical” lessons to be learned or principles to be gleaned from Lukács’s work, or is there, rather, the danger, as the Communist Party of Great Britain’s Mike Macnair has put it, of “theoretical overkill,” stymieing of political possibilities, closing up the struggle for socialism in tiny authoritarian and politically sterile sects founded on “theoretical … Continue reading Theory and practice reconsidered: the role of ‘critical theory’