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Book part
Publication date: 30 November 2020

Charles Thorpe and Brynna Jacobson

Drawing upon Alfred Sohn-Rethel's work, we argue that, just as capitalism produces abstract labor, it coproduces both abstract mind and abstract life. Abstract mind is the split…

Abstract

Drawing upon Alfred Sohn-Rethel's work, we argue that, just as capitalism produces abstract labor, it coproduces both abstract mind and abstract life. Abstract mind is the split between mind and nature and between subject/observer and observed object that characterizes scientific epistemology. Abstract mind reflects an abstracted objectified world of nature as a means to be exploited. Biological life is rendered as abstract life by capitalist exploitation and by the reification and technologization of organisms by contemporary technoscience. What Alberto Toscano has called “the culture of abstraction” imposes market rationality onto nature and the living world, disrupting biotic communities and transforming organisms into what Finn Bowring calls “functional bio-machines.”

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The Capitalist Commodification of Animals
Type: Book
ISBN: 978-1-83982-681-8

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Book part
Publication date: 22 September 2015

Kees van der Pijl

This piece takes issue with the deployment of Trotsky’s idea of uneven and combined development (UCD) in the Anglophone discipline of International Relations (IR). It argues that…

Abstract

This piece takes issue with the deployment of Trotsky’s idea of uneven and combined development (UCD) in the Anglophone discipline of International Relations (IR). It argues that this strand of thought makes a theory out of what is really a theorem (a deduction from an axiom), whilst forgetting about the original, actual theory of which it was part, Leon Trotsky’s theory of permanent revolution. IR U&CD, marketed in the discipline as International Historical Sociology (IHS), posits ‘the international’ as the field to which ‘the theory’ must be applied in order to open it up to social theorisation. This is analogous to the late-19th-century subjective turn in social science in which reality is presented as unfathomable, and rationality is merely subjective, an attribute of individual ‘actors’. ‘The international’ in this sense may be compared to ‘the market’ in neoclassical economics. Although it presents itself as Marxist, the U&CD/IHS project was part of a regressive conjuncture in Anglo-American, mainstream IR, as transpires from its attempt to position itself close to the ‘English School’ in IR. I conclude with a variation on Trotsky’s original theory, applying it to the ‘permanent counterrevolution’, of which the current war on terror is the latest stage.

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Theoretical Engagements in Geopolitical Economy
Type: Book
ISBN: 978-1-78560-295-5

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Book part
Publication date: 15 January 2021

Ana Cecilia Dinerstein and Frederick Harry Pitts

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A World Beyond Work?
Type: Book
ISBN: 978-1-78769-143-8

Book part
Publication date: 8 December 2021

Alexander M. Stoner

This chapter explores the domestication of Marx's critique of political economy within Marxist-oriented environmental sociology, and treadmill of production (ToP) theory, in…

Abstract

This chapter explores the domestication of Marx's critique of political economy within Marxist-oriented environmental sociology, and treadmill of production (ToP) theory, in particular. The aim is to explicate the theoretical resources for a rigorous critique of capital-induced planetary degradation. Shortcomings of ToP theory pertaining to the conceptualization of capital and value are identified. The reasons for these shortcomings, including how they might be addressed, are elaborated by reconsidering key aspects of Marx's critical theory of modern capitalist society. The chapter contributes to current discussions in both critical theory and environmental sociology by demonstrating the continued relevance of Marx's critical theory for understanding the political-economic, social, and ideational dimensions of planetary degradation. In contrast to ToP theory, which critically examines the production of wealth by counterposing finitude and limits against the expansionary tendencies of economic growth, the critical theory approach advanced in this chapter conceptualizes the acceleration of environmental degradation following World War II in terms of a ToP of value, whereby the necessity of the value form is continuously established in the present. The chapter discusses how Marxian critical theory facilitates a critical examination of the widespread growth of environmentalism as concomitant with the spread of neoliberal capitalism.

Book part
Publication date: 2 September 2016

Bernard Paranque

This chapter reconsiders commonly held views on the ownership and management of private property, contrasting capitalist and simple property, particularly in relation to how a…

Abstract

Purpose

This chapter reconsiders commonly held views on the ownership and management of private property, contrasting capitalist and simple property, particularly in relation to how a firm shareholder governance model has shaped society. This consideration is motivated by the scale and scope of the modern global crisis, which has combined financial, economic, social and cultural dimensions to produce world disenchantment.

Methodology/approach

By contrasting an exchange value standpoint with a use value perspective, this chapter explicates current conditions in which neither the state nor the market prevail in organising economic activity (i.e. cooperative forms of governance and community-created brand value).

Findings

This chapter offers recommendations related to formalised conditions for collective action and definitions of common guiding principles that can facilitate new expressions of the principles of coordination. Such behaviours can support the development of common resources, which then should lead to a re-appropriation of the world.

Practical implications

It is necessary to think of enterprises outside a company or firm context when reflecting on the end purpose and means of collective, citizen action. From a methodological standpoint, current approaches or studies that view an enterprise as an organisation, without differentiating it from a company, create a deadlock in relation to entrepreneurial collective action. The absence of a legal definition of enterprise reduces understanding and evaluations of its performance to simply the performance by a company. The implicit shift thus facilitates the assimilation of one with the other, in a funnel effect that reduces collective projects to the sole projects of capital providers.

Originality/value

Because forsaking society as it stands is a radical response, this historical moment makes it necessary to revisit the ideals on which modern societies build, including the philosophy of freedom for all. This utopian concept has produced an ideology that is limited by capitalist notions of private property.

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Finance Reconsidered: New Perspectives for a Responsible and Sustainable Finance
Type: Book
ISBN: 978-1-78560-980-0

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Content available
Book part
Publication date: 30 November 2020

Abstract

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The Capitalist Commodification of Animals
Type: Book
ISBN: 978-1-83982-681-8

Book part
Publication date: 19 October 2016

Adrienne Roberts

The proliferation of homelessness and housing precariousness, along with a dramatic growth in food banks, are two signs that while parts of the UK economy may be recovering from…

Abstract

The proliferation of homelessness and housing precariousness, along with a dramatic growth in food banks, are two signs that while parts of the UK economy may be recovering from the 2008 financial crisis and recession, the same cannot be said for the living conditions of much of the poor and working class population. Much of the media discussion has centered on the ways in which these social ills have been caused by government policy, particularly cuts to social and welfare services introduced under the banner of “austerity.” I argue in this paper, however, that a narrow focus on austerity risks obscuring some of the longer-term structural transformations that have taken place under neoliberal capitalism, namely: (1) financialization and (2) the privatization of social reproduction. Situating these two trends within a longer history of capitalism, I argue, allows us to understand the contemporary housing and food crises as specific (and highly gendered) manifestations of a more fundamental contradiction between capital accumulation and progressive and sustainable forms of social reproduction. Doing so further helps to locate the dramatic proliferation of household debt, which has been supported by both processes, as both cause and consequence of the crisis in social reproduction faced by many UK households.

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Risking Capitalism
Type: Book
ISBN: 978-1-78635-235-4

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Book part
Publication date: 28 October 2021

Alex Simpson

Abstract

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Harm Production and the Moral Dislocation of Finance in the City of London: An Ethnography
Type: Book
ISBN: 978-1-83909-495-8

Book part
Publication date: 6 November 2015

Moishe Postone

To demonstrate that, at its core, Marx’s critical theory is not a critique of a mode of class exploitation that distorts modernity, undertaken from a standpoint that affirms…

Abstract

Purpose

To demonstrate that, at its core, Marx’s critical theory is not a critique of a mode of class exploitation that distorts modernity, undertaken from a standpoint that affirms labor, but rather one that uncovers and analyzes a unique form of social mediation and domination that structures modernity itself as a historically specific form of social life.

Methodology/approach

Critical reconstruction, interpretation, and application of Marx’s critique of political economy as developed in the Grundrisse and Capital, to the massive global transformations of the past four decades.

Findings

Marx’s critical analysis is well-suited to function as the foundation for a theory that systematically illuminates modern society in the 21st century. It is more conducive to grasping the contemporary world than traditional Marxism or most versions of post-Marxism.

Originality/value

The historical transformations of the past century suggest the central significance of a critique of capitalism for an adequate critical theory today. Such a critique must be capable of grasping the core of a social formation that is generative of a peculiar dynamic of identity and non-identity, of pointing beyond itself while reasserting itself. It indicates that the realization of the possibility of the abolition of proletarian labor is a necessary response to a deep structural crisis of capitalism.

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Globalization, Critique and Social Theory: Diagnoses and Challenges
Type: Book
ISBN: 978-1-78560-247-4

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Book part
Publication date: 17 November 2005

Sandra Halperin

This chapter explores the trans-national and cross-regional interactions and connections that, beginning in the late eighteenth century, brought about the development of dualistic…

Abstract

This chapter explores the trans-national and cross-regional interactions and connections that, beginning in the late eighteenth century, brought about the development of dualistic economies within and outside of Europe; and how this circuit was reconfigured after the world wars by means of decolonization, nationalism, “first” and “second” world development, and globalization. What this perspective brings into view is a horizontal rather than vertical division of the world: the synchronic and interdependent development of dynamic focal points of growth throughout the world shaped, both within and outside of Europe, by trans-local interaction and connection, as well as by local struggles and relations of dominance and subordination.

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New Directions in the Sociology of Global Development
Type: Book
ISBN: 978-1-84950-373-0

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Book part (12)
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