False profits of ethical capital

Finance, labour and the politics of risk

Author:
Claire Parfitt
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False profits of ethical capital analyses several dimensions of sustainability capitalism, to expose not only its inadequacies as a vehicle for social and political change, but also the ways in which it is productive for capital. Positioning ESG investing, sustainability reporting and corporate branding initiatives as part of a speculative moral economy, False profits shows how ethics are alienated from the human being and incorporated into the accumulation process. Engaging literatures of moral economy, financialisation, value theory and critical accounting, this book reveals that the accumulation of capital via ethical claims also generates points of contestation that exacerbate its contradictions.

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