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Contemporary Capitalism (contemporary + capitalism)
Selected AbstractsMONEY FLOWS LIKE MERCURY: THE GEOGRAPHY OF GLOBAL FINANCEGEOGRAFISKA ANNALER SERIES B: HUMAN GEOGRAPHY, Issue 2 2005Gordon L Clark ABSTRACT. If the social relations and inherited configuration of production were at the core of economic geography a decade ago, these aspects of the world are increasingly taken for granted. The global scope of industry and corporate strategy has claimed increasing attention over the past decade. And while any ,new' economic geography must have something to say about the nature of human agency and the role of institutions in structuring the landscape, care must be taken not to exaggerate their significance for constructive interaction. In point of fact, the global finance industry is an essential lens through which to study contemporary capitalism from the top-down and the bottom-up. If we are to understand the economic landscape of twenty-first century capitalism, it should be understood through global financial institutions, its social formations and investment practices. This argument is developed by reference to the recent literature on the geography of finance and a metaphor , money flows like mercury , designed to explicate the spatial and temporal logic of global capital flows. Some may dispute this argument, but in doing so they lament the passing of an era rather than advancing a convincing counterclaim about how the world is and what it might become. All this means that we have to rethink the significance of geographical scale and organizational processes as opposed to an unquestioned commitment to localities. [source] The Boys from Bothaville, or the Rise and Fall of King Maize: A South African StoryJOURNAL OF AGRARIAN CHANGE, Issue 4 2004HENRY BERNSTEIN This paper tells the story, for the first time, of a maverick maize farmers' association in South Africa during the period of apartheid. NAMPO (National Maize Producers' Organization), that grew out of SAMPI (South African Maize Producers' Institute), ultimately achieved a unique, if short-lived, breach in the normal operations of ,organized agriculture': a set of relations and practices that bound together white farmers, the National Party and the state. The paper provides an account of SAMPI/NAMPO's project of ,King Maize' and an explanation of its fall after a brief period of victory from 1981 to 1985. This explanation draws on broader patterns of agrarian change in contemporary capitalism combined with the fracturing of the original agrarian bloc of apartheid in the 1980s, marking the end of a ,second moment' of South Africa's version of a Prussian path of capitalist development. [source] When Production and Consumption Meet: Cultural Contradictions and the Enchanting Myth of Customer SovereigntyJOURNAL OF MANAGEMENT STUDIES, Issue 4 2004Marek Korczynski ABSTRACT The central cultural contradiction of capitalism, argued Bell some 25 years ago, was the existence of rationalized, disciplined production alongside free and hedonistic consumption. This paper argues that this thesis, although overstated, has resonance within contemporary capitalism. The paper then considers the question of how this contradiction is managed when production and consumption meet directly within the service interaction. On the production-side rationalization is joined by customer-orientation, and on the consumption-side management promotes consumption of the enchanting myth of sovereignty. Here the customer is meant to experience a sense of being sovereign. At the same time the space is created for the customer to be, potentially, substantively directed and influenced to follow the requirements that flow from the rationalized elements of production. Key aspects of the service interaction, including the menu and its presentation, the display of empathy and aesthetic labour, and the use of naming within the service interaction, are analysed in terms of the promotion of the enchanting myth of sovereignty. Consumption, however, is a fragile process, and remains, to an important degree, ,unmanageable'. The analysis, therefore, also examines how the promotion of the enchanting myth of sovereignty systematically creates the conditions for the myth's negation. [source] Skills and selves in the new workplaceAMERICAN ETHNOLOGIST, Issue 2 2008BONNIE URCIUOLI ABSTRACT In the neoliberal imaginary of contemporary capitalism, workers' employment value depends on their skills. Skills terms, especially communication, team, and leadership, formulate aspects of personhood and modes of sociality as productive labor. The key semiotic properties of skills terms are strategic indexicality (expressing alignment with corporate values) and denotational indeterminacy (knowledge and practices referred to as skills are quite disparate). Yet all skills are assumed to be commensurable and readily available for inculcation into workers. Drawing from Internet sites marketing skills-related services, I explore the semiotic properties of discourses that facilitate skills' commensurability and commodification. [neoliberalism, discourse analysis, corporate culture, labor history, communication, commodification] [source] Capitals, assets, and resources: some critical issues1THE BRITISH JOURNAL OF SOCIOLOGY, Issue 1 2005Mike Savage Abstract This paper explores the potential of Bourdieu's approach to capital as a way of understanding class dynamics in contemporary capitalism. Recent rethinking of class analysis has sought to move beyond what Rosemary Crompton (1998) calls the ,employment aggregate approach', one which involves categorizing people into class groups according to whether they have certain attributes (e.g. occupations). Instead, recent contributions by Pierre Bourdieu, Erik Wright, Aage Sorensen, and Charles Tilly have concentrated on understanding the mechanisms that produce class inequalities. Concepts such as assets, capitals and resources (CARs) are often used to explain how class inequalities are produced, but there remain ambiguities and differences in how such terms are understood. This paper identifies problems faced both by game theoretical Marxism and by the rational choice approach of Goldthorpe in developing an adequate approach to CARs. It then turns to critically consider how elements of Bourdieu's approach, where his concept of capital is related to those of habitus and field, might overcome these weaknesses. Our rendering of his arguments leads us to conclude that our understanding of CARs might be enriched by considering how capital is distinctive not in terms of distinct relations of exploitation, but through its potential to accumulate and to be converted to other resources. This focus, we suggest, sidesteps otherwise intractable problems in CAR based approaches. [source] Making Trash into Treasure: Struggles for Autonomy on a Brazilian Garbage DumpANTHROPOLOGY OF WORK REVIEW, Issue 2 2008Kathleen Millar Abstract In recent years, the expansion of types of work that fall outside the category of formal waged employment challenge many of our anthropological conceptions of labor, class politics and contemporary capitalism. This paper addresses the need to rethink the meaning of work in the context of neoliberal capitalism by exploring the formation of new worker subjectivities and practices among catadores: informal workers who collect and sell recyclable materials on a garbage dump in Rio de Janeiro, Brazil. Based on ethnographic research conducted among catadores from June through August of 2005 and in January 2007, this paper provides an analysis of the labor conditions, social relations, and forms of political organizing that have emerged on the garbage dump and which differ in significant ways from those found in situations of formal wage labor. Ultimately, this paper argues that while neoliberal capitalism has led to increased unemployment and underemployment among vulnerable populations in cities worldwide, the practices of those struggling to earn a living in urban informal economies are creating new spaces for alternative economic practices, social relations, and class politics today. [source] Looking Forward by Looking Back: May Day Protests in London and the Strategic Significance of the UrbanANTIPODE, Issue 4 2004Justus Uitermark This paper deals with the question of how oppositional movements can adapt their protest strategies to meet recent socio-spatial transformations. The work of Lefebvre provides several clues as to how an alternative discourse and appropriation of space could be incorporated in such protest strategies. One of the central themes in Lefebvre's work is that the appearances, forms and functions of urban space are constitutive elements of contemporary capitalism and thus that an alternative narrative of urban space can challenge or undermine dominant modes of thinking. What exactly constitutes the "right" kind of alternative discourse or narrative is a matter of both theoretical and practical consideration. The paper analyses one case: the May Day protests in London in 2001, in which a protest group, the Wombles, managed to integrate theoretical insights into their discourse and practice in a highly innovative manner. Since cities, and global cities in particular, play an ever more important role in maintaining the consumption as well as production practices of global capitalism; they potentially constitute local sites where global processes can be identified and criticised. It is shown that the Wombles effectively made use of these possibilities and appropriated the symbolic resources concentrated in London to exercise a "lived critique" of global capitalism. Since the Wombles capitalised on trends that have not yet ended, their strategies show a way forward for future anti-capitalist protests. [source] John Ruskin's Political Economy: ,There is No Wealth but Life'BRITISH JOURNAL OF POLITICS & INTERNATIONAL RELATIONS, Issue 2 2010Christopher May In 2010 it will be 150 years since John Ruskin's major intervention in political economy was published. While in many ways Ruskin remains a well-known British commentator, his work on political economy has languished, relatively under-appreciated and seldom discussed. In this short review of Ruskin's political economy, the central aspects of his analysis are introduced and summarised. This is then allied to a short indication of how these ideas remain (especially) relevant today, as a prompt to those interested in thinking through analytical alternatives in light of the current travails of contemporary capitalism, to examine and re-engage with John Ruskin's insights into the character and problems of economics. [source] The Transition to ,New' Social Democracy: The Role of Capitalism, Representation and (Hampered) ContestationBRITISH JOURNAL OF POLITICS & INTERNATIONAL RELATIONS, Issue 4 2009David J. Bailey This article argues that existing accounts of the transformation from ,traditional' to ,new' social democracy has thus far only identified the contextual changes that have prompted this move. In doing so, they have failed to account for the motives of social democratic party actors in undertaking the transition to ,new' social democracy in response to those changes. The article draws upon a critical realist method, and Marxist and anti-representational theories, to conceptualise ,traditional' social democratic party relations as suffering from tensions between constituents' demands for decommodification, the attempt by party elites to contain (and thereby ,represent') those demands and the (in)compatibility of this process of containment with the need to recommodify social relations in the light of periodic crises in contemporary capitalism. It argues that these tensions explain the attempt by party elites to promote the move towards ,new' social democracy, the (eventual) acquiescence of party constituents to those attempts and the subsequent exit from social democratic constituencies which has resulted. The argument is made with reference to the British Labour Party and Social Democratic Party of Germany (SPD). [source] Due Diligence and "Reasonable Man," OffshoreCULTURAL ANTHROPOLOGY, Issue 4 2005Bill Maurer In the wake of an international crackdown against preferential tax regimes, Caribbean tax havens and other jurisdictions have adopted "due diligence" procedures to manage financial and reputational risk. Due diligence relies on qualitative forms of evaluation and defers grounded and definitive knowledge claims through continuous peer review. In doing so, it mirrors certain forms of ethnographic practice at a number of levels of scale. This article tracks the shifts in financial regulation from crime to harm and from certainty to scrutiny and reflects on their implications for ethnography,as a limited and open-ended process of evaluation warranted by qualitative forms of judgment. It seeks to complicate our picture of contemporary capitalisms by drawing attention to the nonquantifiable and the ethical that lie "inside" them. Where conventional forms of ethnographic critique might look to expose the political or economic interests behind actions, symbols, or social relationships, this article has a more modest goal: to try to understand the similarity of form between due diligence and anthropology. [source] | ||||||||||