Capitalism in the Twenty-first Century through the Prism of Value: a review of the book by Carchedi and Roberts.

Guglielmo Carchedi and Michael Roberts are seasoned commentators on the changing fortunes of capitalism. In their latest, joint book Capitalism in the Twenty-first Century through the Prism of Value (Pluto Press, 2023), they bring these insights together and assess them through Marx’s theory of value and here especially the tendency of the falling rate of profit. In this blog post, I will discuss their main contributions as well as provide some critical reflections. 

What's wrong with post-Keynesian accounts of the Eurozone crisis?

Photo by UggBoy - Ugg Girl

There is general agreement that the Eurozone crisis has had a devastating impact on countries in Europe’s periphery, especially in the south. This is expressed in record levels of unemployment, social inequality and widespread social deprivation. However, there is little agreement amongst academic accounts on the causes of the crisis, nor on how this can be resolved. In this guest post, Jamie Jordan reports on the recently published article in the Journal of Common Market Studies, co-authored by him, Andreas Bieler and Adam David Morton. The article ‘EU aggregate demand as a way out of crisis?’ critically engages post-Keynesian accounts on both the economic causes of the crisis and the political possibilities for realising a European-wide recovery.

The Australia Book Launch of Global Capitalism, Global War, Global Crisis.

Adam D. Morton and Andreas Bieler are delighted to announce the Australia book launch of GlobalCapitalism, Global War, Global Crisis, which will be at Gleebooks on 7 December, at 6:00pm and chaired by Elizabeth Humphrys. Having launched the book in the UK at the British International Studies Association (BISA) annual conference in Bath and at the independent bookshop FiveLeaves Books in Nottingham, as well as at the European International Studies Association (EISA) conference in Prague, we are very much looking forward to this launch in Sydney.

Rupturing the Dialectic: Harry Cleaver on continuing class struggle against the imposition of work.

In his latest book Rupturing the Dialectic: The Struggle against Work, Money and Financialization (Chico/CA: AK Press, 2017), Harry Cleaver makes an emphatic case for the importance of a continuing focus on class struggle and here in particular the role of the working class rather than capital. Building on his seminal work Reading Capital Politically (1979), he re-asserts the key role of agency in our understanding of resistance against capitalist exploitation. In this blog post, I will assess the fundamental contributions of this volume. 

Analysing Global Capitalism: the centrality of class.

The recently published collection of essays by Hugo Radice on Global Capitalism (Routledge, 2015) represents impressive global political economy scholarship across three decades from the 1980s to 2011. Radice makes two key contributions. First, he successfully re-asserts the importance of focusing on class and class struggle in analysing the global political economy. Second, he provides insightful criticism of ‘progressive nationalism’, which is highly relevant for the upcoming debate over UK membership in the European Union (EU).

Class struggle in times of crisis: conceptualising agency of resistance.

While movements of resistance against neo-liberal globalization have increasingly become subject of analysis, there is little agreement on how to conceptualize such agency. In my recent article Class struggle in times of crisis: conceptualising agency of resistance, published in the on-line, open access academic journal Spectrum: Journal of Global Studies, I argue that a historical materialist analysis is necessary to capture the historical specificity of capitalism (see also Analysing exploitation and resistance). Nevertheless, a focus on class struggle does not imply a reductionist, economic determinist account. In order to include divisions along ethnicity and gender into analyses of class struggle, I suggest four concrete ways of how to conceptualise expanded forms of class struggle beyond the work place, including (1) Robert Cox’s focus on non-established, informal labour; (2) Harry Cleaver’s emphasis on the ‘social factory’; (3) Kees van der Pijl’s analysis of the extension of exploitation into the sphere of social reproduction; and (4) Chandra Talpade Mohanty’s grounding of analysis in the experience of the most exploited female workers in the Global South.

We make our own history – A call to action!

‘As we become political subjects on our own behalf, recognise ourselves in each other and see the connections between our different movements, we come closer to being able not only to articulate the hope of “another world”, but also to bring it about’ (P.209). With these words, Laurence Cox and Alf Gunvald Nilsen conclude their latest book We make our own history: Marxism and Social Movements in the Twilight of Neoliberalism (Pluto Press, 2014). In this blog post, I will provide a critical appraisal of this important book. 

The Enduring Relevance of Rosa Luxemburg

The work of Rosa Luxemburg has received renewed attention in recent years. To celebrate the centenary anniversary of her seminal book The Accumulation of Capital in 2013, a collective of colleagues from within the Marxism Reading Group of the Centre for the Study of Social and Global Justice (CSSGJ) at Nottingham University has written the article ‘The Enduring Relevance of Rosa Luxemburg’s The Accumulation of Capital’, which has now been published online by the Journal of International Relations and Development. In this blog post, I will present some of the key findings of the article.

Analysing exploitation and resistance: the centrality of class struggle.

In my recent article ‘Transnational Labour Solidarity in (the) Crisis’, published in the Global LabourJournal and freely downloadable here, I assert three key claims: (1) the importance of a historical materialist approach to the analysis of exploitation and resistance; (2) the significance of understanding the structuring conditions of global capitalism; and (3) the centrality of class struggle defined broadly. In this post, I will provide an overview of the main claims. This article is my conceptual contribution to the Transnational Labour Project at the Centre for Advanced Study in Oslo/Norway.

Marxism, Social Movements and resistance to capitalist exploitation!

In the Theses On Feuerbach, Marx famously wrote that ‘the philosophers have only interpreted the world, in various ways; the point is to change it’ (Marx 1845). In their edited volume Marxism and Social Movements, Colin Barker, Laurence Cox, John Krinsky and Alf Gunvald Nilsen have lived up to this demand in that the contributions are directly informed by, and related to, concrete struggles. The collection of essays succeeds at not only assisting us in understanding, in interpreting the role of social movements in current struggles. It also helps us to reflect on strategies of resistance in order to improve them.

Trade unions as a battleground for the minds of workers: Trotsky and the role of the vanguard party.

The Italian Communist Antonio Gramsci was not very optimistic about the potential transformative, revolutionary role of trade unions. ‘Trade unionism’, he argued, ‘stands revealed as nothing other than a form of capitalist society, not a potential successor to that society. It organises workers not as producers, but as wage-earners’ (Antonio Gramsci, 'Trade Unions and the Dictatorship' (25 October 1919), in SPWI, 1910-1920, p.110). In this blog post, I will critically engage with a collection of Trotsky’s writings on trade unions - Trade Unions in the Epoch of Imperialist Decay (Pathfinder Press, 1990) – to establish whether he was more optimistic about the potential role of trade unions in resistance to capitalist exploitation.

Trade unions as transnational actors?

Globalisation has put national labour movements under severe pressure due to the increasing transnationalisation of production and informalisation of the economy. A new research project on Globalization and thePossibility of Transnational Actors: The Case of Trade Unions, led by Prof. Knut Kjeldstadli at the Centre for Advanced Study in Oslo, investigates to what extent trade unions may be able to develop into transnational actors in order to counter these pressures successfully.

Democratic global Keynesianism as a way out of crisis? Critical reflections on Heikki Patomäki’s The Great Eurozone Disaster.

When the financial market crisis in 2007 and 2008 threatened the global economy, governments around the world stepped in and bailed out many financial institutions, which were on the brink of collapse. Large amounts of private debt were transformed into public debt. In the Eurozone, this resulted in the sovereign debt crisis. In his excellent book The Great Eurozone Disaster: From Crisis to Global New Deal (Zed Books, 2012), Heikki Patomäki not only provides an insightful analysis of the crisis, but he also makes clear recommendations for the best way out of crisis.

Transnational Labour Solidarity in times of Globalisation?

The increasing transnationalisation of production and informalisation of labour relations has undermined the traditional power resources of national labour movements (see Bieler, Lindberg and Sauerborn 2010). And yet, globalisation has not left workers without weapons. In his book Solidarity Transformed: Labor Responses to Globalization and Crisis in Latin America (Cornell University Press, 2011) Mark Anner investigates how labour movements in Latin America have developed new power resources. In this blog post, I will provide a critical appraisal of this remarkable book and add some theoretical considerations on how to conceptualise trade unions’ agency within the changing structures of globalisation.

Karl Marx, Class Struggles in France and historical materialist methodology!

Karl Marx did not only involve himself in abstract conceptual work on how to understand the capitalist social relations of production. He was also an engaged analyst of class struggles at his time. This included three separate writings on developments in France: The Class Struggles in France, 1848-1850 (1850); The Eighteenth Brumaire of Louis Bonaparte (1852); and The Civil War in France (1871). In this post, I will discuss key aspects of Marx’s historical materialist approach in relation to The Class Struggles in France, 1848-50 and conclude with some ideas of what this method implies for efforts today to understand the global political economy as well as the possibilities for revolutionary change.