China’s Thirty-Year War between State and Capital Has Taken a Decisive Turn

If the financial complexities and implications of the Evergrande case could be boiled down to a tabloid headline, it would read: “XI TO BUILDER: DROP DEAD.”

As part of its recent campaign to regulate capital and to rein in capitalists, Chinese President Xi Jinping and the Chinese Communist Party (CCP) has set their sights on the China Evergrande Group. Last week, Asian and global markets sank quickly on the news that Evergrande was unable to ...
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China’s Thirty-Year War between State and Capital Has Taken a Decisive Turn

What Are the Costs of Libertarianism?

Nancy MacLean’s Democracy in Chains, Revisited

Nancy MacLean, Democracy in Chains: the Deep History of the Radical Right's Stealth Plan for America (New York: Viking Press, 2017.) Democracy in Chains, historian Nancy MacLean's account of James McGill Buchanan and public choice economics, has caused an unusual stir in the few months since its publication. You may have followed the lengthy ...
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What Are the Costs of Libertarianism?

The Dream of Women’s Emancipation

How do socialist feminists of the 21st century theorize struggles against multiple axes and institutions of domination that are inherent to capitalist social order? What do they envision the emancipatory social transformation to look like? Against the background of the global domination of neoliberal values of individualism, entrepreneurship, competitiveness, and self-determination ...
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Rethinking Capitalism: Class 4

I think what Moishe Postone gave us Wednesday was a rather dazzling reading of Volume 1 of Capital, which can be best approached by contrasting it to other readings. Postone rejects the idea that in Capital Marx saw himself as unveiling the “real” secret of capitalism in the hidden abode ...
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Feminism, Capitalism, and Social Transformation: Week 2 — Marx

A Feminist Perspective on Productive and Unproductive Labor The debate between ‘Marxologists’ on the distinction between productive and unproductive labor has always seemed frustratingly confusing to me and yielded blindingly counter-intuitive results -- truck drivers are productive while taxi drivers are unproductive laborers, for example. The situation is not helped by ...
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Rethinking Capitalism: Class 3

I think there are two great questions to take away from Nancy Fraser’s approach to understanding capitalism, one small and one large. The smaller one concerns the analogy between feudalism and capitalism. This was not discussed last night but it seems to me important. Both belong to the same set ...
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Rethinking Capitalism: Class 2

The second class had what I regard as a pellucid account of capitalism from Duncan Foley. The main points that I took away from it are: 1) Capitalism has to be seen as a quasi-natural form of social organization, which is rooted in the division of labor. The key point of ...
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Feminism, Capitalism and Social Transformation

Feminist theorists today are increasingly returning to the insight that ‘capitalist society’ must constitute the critical frame for understanding contemporary forms of women’s subordination and feminist struggles to overcome it. This renewed interest in the connections between feminism and capitalism raises a host of difficult questions concerning capitalism, socialism as ...
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Rethinking Capitalism

Capitalism, by its nature, cannot be understood through the lens of any one discipline. Most importantly, it is not fully comprehensible by economics; there is no such thing as an economic theory of capitalism. Philosophy is important, for example to understand the moral standing of capitalism, but it is scarcely ...
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