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- W4235854348 abstract "When modernity is considered in terms of the historical conditions for the reproduction of human life on the planet within actual social hierarchies, commodification looks like its tangible reality and the notion of capitalism appears ineluctable. In narrative terms, modernity and capitalism overlap, as their reciprocal interpellation is used to describe the space-time boundary of the world from the sixteenth century onwards. Global capitalism seems to be undergoing a radical transformation that questions existing theories based on various exegeses of those of Marx’s writings that are devoted to the rational understanding of the logic of capital. When observed from the familiar perspective elaborated in the West, the crisis that challenges existing theories of capitalism does not look much like the conjunctural method of re-establishing acceptable conditions of profitability; rather it appears to be an irreversible transition towards a new ‘stage’ of capitalism. This stage would be distinctive in two respects: first, it manifests to an unprecedented degree the most detrimental effects intrinsic to the logic of capital: violent social polarization of power, wealth and existential expectations between social groups. Second, capitalism is said to have become global in scale as it never has before, which is a way of expressing the irrelevance of the geographical dimension of exploitation in the definition of what is external to capitalism: capitalism seems no longer to have territorial boundaries, only social and spatial borders, constantly transformed." @default.
- W4235854348 created "2022-05-12" @default.
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- W4235854348 date "2016-01-01" @default.
- W4235854348 modified "2023-10-12" @default.
- W4235854348 title "‘Degenerative’ Capitalism" @default.
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- W4235854348 doi "https://doi.org/10.1057/978-1-137-51686-2_7" @default.
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