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This notebook contains some of the ideas, ambitions, hopes, anxieties, interrogations, and fears that randomly or expectingly came to punctuate the writing of the previous chapters.
Translation is key to the political economy of neorural revival in contemporary Italy. Drawing on fieldwork with neorural farmers, I show how translations across semiotic domains and displays of linguistic and pragmatic untranslatability simultaneously produce capitalist value and temporary disruptions of the subsumption of life under capital. To understand this apparent paradox, I analyze the complex relationship between contemporary neorural revivalists and mid-twentieth-century neodialect poets. Driven by a reaction against the post-war encompassment of regional linguistic varieties within a national standard, the metapragmatics of untranslatability developed by the neodialect literary movement has indirectly provided contemporary neoruralists with semiotic resources to conjure profitable forms of agrolinguistic incommensurability. However, unlike the poets’ nostalgic and anticapitalist sabotage of the collusion between centripetal linguistic standardization and intensive agribusiness scalability, the farmers’ interactional disruptions of pragmatic regimentation and seamless intertranslatability are both a project of capitalist valorization and an exit strategy from unfulfilling wage-labor arrangements.
The introduction initially approaches the topic of money and American literature via key passages from the work of Thomas Pynchon, Leslie Marmon Silko, and Toni Morrison. It then traces three key threads running through the following chapters. Firstly, it considers the close interrelationship between money and ideas of American nationhood: how the unity of the “United States” has been fostered, and unsettled, through monetary initiatives, schemes, and experiments. Next, it addresses the interplay between materiality and immateriality – “real” and “imaginary” forms of value – that has been a persistent topic of debate in American monetary history, as well as the closely related question of money’s deep affinity with writing as a different but connected form of value-bearing inscription. A pivotal, money-themed chapter of Herman Melville’s Moby-Dick (1851) serves as a case study. The introduction’s final section foregrounds the fundamental question of money’s relation to power and identity: its constitutive role in structures of inequality, exploitation, and marginalization and, in particular, its inextricability – as society’s dominant measure of value – from conceptions of race, ethnicity, gender, and sexuality. Examples from F. Scott Fitzgerald and Nella Larsen serve to illustrate these ideas.
This chapter argues that antebellum sensationalism, broadly defined, offers a key archive for understanding the emotional life of capitalism. The first half of the chapter examines the period’s two best-selling novels, George Lippard’s The Quaker City (1845) and Harriet Beecher Stowe’s Uncle Tom’s Cabin (1852), and argues that sensationalism adopts and makes use of the affective excesses of melodrama. The chapter shows how, repeatedly, these and other sensational texts stage characters whose postures of emotional distress reflect a desire for spiritual meaning and social connection that transcends the modern, rational world of capitalism – that which Max Weber famously describes in terms of “disenchantment.” The second half of the chapter turns to urban sensationalism. Here, the chapter contends that most of these popular texts revolve around a sentimental logic whereby the tears of the financially distressed act as the markers of middle-class sensibility. Affect thus becomes an alternate currency. The chapter concludes with the most canonical example of urban sensation fiction: Herman Melville’s “Bartleby, the Scrivener” (1853). The argument here is that “Bartleby” turns the emotional registers of sensationalism inside out. For though Bartleby is the melodramatic and sentimental victim of capitalism and disenchantment, he also rejects the emotional gestures of these genres.
World-historical analyses often view the “Asian” empires that survived into the twentieth century (the Russian, Qing, and Ottoman empires) as anomalies: sovereign “archaic” formations that remained external to the capitalist system. They posit an antagonistic relationship between state and capital and assume that modern capitalism failed to emerge in these empires because local merchants could not take over their states, as they did in Europe. Ottoman economic actors, and specifically the sarraf as state financier, have accordingly been portrayed as premodern intermediaries serving a “predatory” fiscal state, and thus, as external to capitalist development. This article challenges these narratives by uncovering the central role of Ottoman sarrafs, tax-farmers, and other merchant-financiers in the expanding credit economy of the mid-nineteenth century, focusing on their investment in the treasury bonds of Damascus. I show how fiscal change and new laws on interest facilitated the expansion of credit markets while attempting to regulate them by distinguishing between legitimate interest and usury. I also discuss Ottoman efforts to mitigate peasant indebtedness and the abuse of public debt by foreigners, amid the treasury bonds’ growing popularity. In this analysis, global capitalism was forged in the encounter between Ottoman imperial structures, geo-political concerns, and diverse, interacting traditions of credit, while the boundaries between public and private finance were being negotiated and redefined. Ultimately, Ottoman economic policies aimed to retain imperial sovereignty against European attempts to dominate regional credit markets—efforts often recast by the latter as “fanatical” Muslim resistance.
Just as we would be remiss to skip past a discussion of the role of entrepreneurs in innovation, we would be remiss to skip over the role of the state. In this chapter, we move through three starkly different visions of what role government ought to play in bringing about innovation in the economy. The first paper discussed, by Acemoglu & Robinson, suggests that the state actually plays a key role in creating the institutions that make innovation worthwhile. The second reading, a set of chapters from a book by Mazzucato, argues that this institution-oriented view is too limited, provides evidence of how ‘entrepreneurial states’ can also work to develop innovations, and suggests that this implies a state that is much more active in investing in and directing innovation. The third reading turns up this argument further, arguing that the urgency of the global climate crisis and the vast economic reorganization that it demands means that the state should not just be more active in investing and directing: the crisis, it argues, can only be solved by a complete socialization of the economy, by the state actively managing innovation and production.
In this chapter, we lay out the basic frame for studying innovation management. To do so, we are going to try to understand why innovation is important for society, for companies, and for individuals, and to do that we take our point of departure in the “urtext” of innovation research, namely Schumpeter’s work on Capitalism, Socialism and Democracy and especially the notion of Creative Destruction. To follow that up, we are going to untangle how innovation management fits within a broader context of capitalism as an economic system, within a particular ideology, and within the operations of the modern corporation.
In a contemporary global political economy marked by the increasing semiotization of economic production, the commodification of political communication, and the fusion between media and capital, this special issue turns to the notion of “translation” to further our understanding of the role of language and semiosis within contemporary capitalism. Contrary to its conventional definition as inter-linguistic transfer of semantic meaning, we propose to view translation as a metasemiotic infrastructure for speeding up and scaling up production and for crafting forms of sociality and subjectivity conducive to capitalist valorization. The articles in this collection ethnographically explore the working of translation across registers, channels, modalities, semiotic fields, and ontological orders (as well as linguistic codes). Our goal is to analyze how translation affords the global circulation of standardized discursive protocols and institutional policy bundles, and enables the formation of politico-juridical networks of corporate personhood and (neo-)liberal governmentality. Furthermore, we investigate how translation can be resisted, sabotaged, or made invisible, showing how its semiotic metamarks can be alternatively disguised or highlighted within the regimes of uniqueness and seriality underlying contemporary forms of commodity production. This Introduction provides the theoretical backdrop underlying these diverse contributions.
This chapter charts a chronology of British literary realism in relation to nineteenth-century capitalism. It considers formal innovations in Jane Austen, Charles Dickens, Emily Brontë, Anthony Trollope, George Eliot, George Gissing, Thomas Hardy, and Joseph Conrad, situating those techniques in conjunction with processes such as enclosure, financialization, urbanization, and imperialism. Throughout, it argues for the dialectical faculties of novel forms (counterbalancing interior and exterior, individual and society, event and context, exceptional and exemplary, concrete and abstract, cartography and utopia) to mediate capitalist contradiction, transformation, and totality.
This article explores Eugene V. Debs’s experiences at the Moundsville prison and the federal penitentiary in Atlanta (1919–1921). It looks at his relationships with other inmates and his supporters outside of prison and examines the effects prison life had on Debs and his ideology. Most importantly, it closely examines his only book-length work: his prison memoir, Walls and Bars. It explores Debs’s critique of the prison system, the jailing of drug addicts, and the interconnectedness of capitalism and the penitentiary system.
The introduction outlines four major tasks of this study: (1) to present evidence of disability-based intergroup economic disparity in the United States; (2) to engage the lived experiences of individuals and communities experiencing multiple simultaneous axes of oppression, including disability-based oppression; (3) to contribute to emerging understandings of the importance of intersectionality to economic research and policy; and (4) to contribute to stratification economics in applied terms through direct engagement with policy proposals for a federal jobs guarantee and federal “baby bonds” program. It provides an overview of disability and the US economy, disability and economic research methods, common models of disability, and the challenge of race/disability analogies.
This chapter examines the theoretical roots of discrimination against women in liberal states. It starts with a general discussion of feminism and liberalism and the tensions between their main variants, with an emphasis on the public–private distinction. It then introduces a detailed feminist critique of political liberalism, pointing to its flaws, and in particular to the distinction between the public and the private and between the political and nonpolitical on which Rawls’ theory is based. The chapter claims that these flaws have allowed patriarchal religions and other illiberal ideologies to strengthen their power in liberal societies and deepen the oppression of women. This chapter also introduces the role of capitalism in the oppression of Women in western liberal states, its connection to patriarchal religion, and its dependence on the public–private distinction and its corollary distinction between love and justice. The chapter closes with a discussion of the Convention on the Elimination of All Forms of Discrimination against Women, compares it to the Race Convention, and claims that despite its shortcomings, it is a better model for protecting women’s rights than the liberal model.
Rising inequality in advanced economies is a global challenge and a major factor behind the current wave of geo-political disruption. It has been driven by a polarisation between regions which are creating wealth and benefitting from wealth creation, and those left behind. This justifies a wholesale reinvention of these capitalist systems. Focusing on the UK example, this Element presents evidence of systemic failure, with low productivity alongside higher levels of deprivation in city-regions outside of London. Comparisons show that this is a challenge for other advanced economies. Long term underinvestment in regions has reached a tipping point a centralised governments channels public resources into London, rather than 'levelling-up'. This Element proposes several 'intelligent interventions,' emphasising the need for stronger and more inclusive regional innovation systems, built on a deeper understanding of sustainable local growth pathways. Although based primarily on the UK experience, these policies are relevant beyond the UK context.
The destruction of tropical forests is an environmental issue of global significance. This process has deep historical roots, with recent scholarship exploring the role of European colonisation and capitalist expansion in driving tropical deforestation from the sixteenth century onwards. Less attention, however, has been given to how Indigenous resistance has impeded deforestation over this time period. Here we analyse how non-state Indigenous groups obstructed Spanish and Portuguese political control and commodity frontiers in tropical South America. Drawing on archival sources, together with Indigenous Guaraní and Paiter Suruí philosophy and oral history, we assess this phenomenon in two biomes, the Atlantic and Amazon Rainforests. The results highlight that over the longue durée, Indigenous resistance has assisted in the conservation of South American tropical forests, acting as a significant—but under-recognised—factor in both regional and global environmental history. This history is of particular importance given the increased recognition of the role of Indigenous peoples in conserving tropical forests as carbon sinks in the twenty-first century.
The chapter resituates the ideas of empire and nation in relation to the category of space. It delineates the centrality of the concept of space for understanding the imperial and contemporary world-system and the development of colonial capitalist modernity. Drawing on theorists that include but are not limited to Karl Marx, Frantz Fanon, Henri Lefebvre, Nikos Poulantzas, Raymond Williams, and Edward Said, the chapter seeks to understand how their works engage with space as a critical concept, and how their theorizations deploy the category of space to illuminate the production of new kinds – and conceptions – of space in colonial capitalist modernity: the metropole and the colony; notions of the core, periphery, and the semiperiphery; and the modern world-system as a concatenation of spaces – that is, a set of contiguous and nominally equal nation-states separated out from each other through the novel spatial form of the border. The chapter also examines theorizations of the nation to underline it as an ideology of space.
This chapter focuses on “imaginary space” – literary spaces without a real-world referent. The question of how detached fantasy worlds like C. S. Lewis’ Narnia came to be thinkable in the twentieth century frames the chapter, which argues for fantasy space as a strategic response to the alienations produced by twentieth-century capitalism. Weaving together a history of exploration with a history of different types of imaginary space, the chapter traces the emergence of works like Lewis’ The Chronicles of Narnia out of earlier forms of imaginary space. Types of space reviewed include the settings of the traveler’s tale (e.g., Jonathan Swift’s Gulliver’s Travels and Wu Cheng’en’s Journey to the West), Thomas More’s Utopia, and the Romantic atopias of Mary Shelley’s Frankenstein and William Wordsworth’s Prelude. The chapter draws on the theories of Yi-Fu Tuan, Fredric Jameson, Henri LeFebvre, and Michel Foucault to explain the distinctions between different formations of imaginary space. It concludes with a reading of Susanna Clarke’s Piranesi as a text reflecting the changing value of fantasy space in the twenty-first century.
This chapter takes plantation as a rubric under which theorizations of race and space in Marxism and Black and Indigenous critical theory might be usefully coordinated for the sake not only of intersectional practicality but intellectual purchase for literary scholars in particular. Historically associated with the racializing regimes of both settler colonialism and enslavement that made what historian James Belich has called “the Anglo-world,” plantation comes into view as a key means through which capitalist social relations originating in late medieval southeastern England have been planted across the planet to the massive detriment of human and nonhuman life. Understood as sites at which the compulsion to expand set in motion by capital in the metropole confronts noncapital in its most resistant difference, white settler colonies in North America and Oceania are treated as experimental spaces for the satisfaction of that compulsion – that is, as not only spatial but phenomenological frontiers of real subsumption. This chapter focuses on one such experiment: the settler/master’s assumption of the role of the God of Genesis, specifically the power to bring worlds out of and into being through acts of signification, the whole-cloth fiction of race foremost among them.
This article has two primary aims: first, to provide a non-sectorial history of business interest associations in Italy from 1861 to 1914, and second, to introduce a novel interpretation of the logic behind their collective actions. The study identifies three distinct periods in the evolution of these associations in liberal Italy, each defined by a unique collective action logic: the homogeneity phase (1861-1881), the fragmentation phase (1881-1898), and the conflict phase (1898-1914). In the homogeneity phase, there was a general unity among Italy’s political and economic elites, particularly among landowners who favored an antiprotectionist stance to support Italy’s agricultural export economy. This period was characterized by a relative uniformity of interests despite some conflicts. The fragmentation phase began in 1881, driven by the agricultural crises and the rise of new economic elites in the agrarian and industrial sectors. These new players challenged the traditional landowners and existing policies, leading to a diversification of economic interests and the splintering of their organizational representations. The final conflict phase occurred during the Giolittian Era, marked by the rapid development of organizations amid growing class struggles in both the industrial and agricultural sectors. This period saw significant adaptation within capitalist structures to counter the rising labor movement. The article ultimately examines the changing nature, scale, and scope of business interest organizations in response to the evolving phases of Italian capitalism from 1861 to 1914. It highlights how the transformation of these organizations reflects broader shifts in the relationships between the economy, state, and society.
This chapter begins from the premise that vocabularies matter in international law and organisation, as ideologies that can reify and make seem necessary and neutral contested and structurally biased means of governance, and in international relations, as disciplinary mechanisms of control. It advances a critical political economy approach to the language of resilience in global governance. By asking the critical political economy questions of ‘who gets what’ from resilience talk and just ‘whose resilience’ are we talking about, the chapter explores resilience as an ideology of new constitutionalism governance. Resilience talk is deconstructed as the language of capitalism, neoliberalism, and the individualisation of responsibility for crisis management. This language obscures the deep class, gender, racial, and intersectional implications of global governance initiatives. The chapter makes the case for destabilising and disrupting this discourse and practice as a necessary move in humanising important institutions of global governance.
This chapter lays out one way through the argument of Capital Volume 1, with the intention of showing that we have now fully entered the realm of the actualization of philosophy. Marx does not impose any preordained dialectical schema or procedure, but shows in detail how the exploitation of workers that commodity production under capitalism requires leads to the expropriation of the expropriators, and thereby to communism. In doing so, he performs the critique of political economy, not as the critique of some field of study, but through the concrete demonstration of how things function, and thereby how they are to function.