The purpose of this blog is to provide analytical commentary on formal and informal labour organisations and their attempts to resist ever more brutal forms of exploitation in today’s neo-liberal, global capitalism.

Showing posts with label Ellen Meiksins Wood. Show all posts
Showing posts with label Ellen Meiksins Wood. Show all posts

Friday, 11 March 2022

The Limits to Commercial Capitalism

In his latest book A Brief History of Commercial Capitalism (Haymarket Books, 2020), Jairus Banaji provides a masterful overview of historical trading relationships in Europe. At the same time, this book also reveals once more the limits of an understanding of capitalism, focused on market exchange relations. In this blog post, I will provide a critical review drawing out the weaknesses of such an approach.