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Helen M. Davies

5 Capitalism and the State Almost twelve months after the coup d’état and a matter of days before he declared himself Emperor, following a plebiscite, Louis-Napoléon Bonaparte issued a decree establishing the Société Générale de Crédit Mobilier.1 The timing was as symbolic of the direction in which he intended to take his Empire as it was of the speed with which he intended it to travel. The decision was taken boldly, some said rashly, with neither recommendation nor support from the Conseil d’État whose role it was under the Code de Commerce to approve such

in Emile and Isaac Pereire
Tony Dundon, Miguel Martinez Lucio, Emma Hughes, Debra Howcroft, Arjan Keizer, and Roger Walden

Introduction This chapter discusses the various socio-economic developments that have created the political climate that shapes the balance of power between employers and employees. The next section reviews briefly the importance of history, outlining the organising and disorganising of industrial capitalism and the implications for power, politics and influence in employment. Next, three significant themes are discussed that have led to shifts in the nature of work and eroded the foundations for greater influence: globalisation , financialisation and

in Power, politics and influence at work
Costas Panayotakis

In line with the discussion, in the last two chapters, of the negative effects of capitalism’s consumerist culture, this chapter continues the analysis of capital’s destructive uses of the surplus. Introducing the term “forces of destruction,” it highlights the increasingly destructive employment of capitalism’s rapid scientific and technological advances. In particular, this chapter pays special attention to capitalism’s rapid development and regular deployment of increasingly lethal military technologies as well as to the ways in which capital’s productive

in The capitalist mode of destruction
Abstract only
Susan Strange

Chapter 1 Casino capitalism The Western financial system is rapidly coming to resemble nothing as much as a vast casino. Every day games are played in this casino that involve sums of money so large that they cannot be imagined. At night the games go on at the other side of the world. In the towering office blocks that dominate all the great cities of the world, rooms are full of chain-smoking young men all playing these games. Their eyes are fixed on computer screens flickering with changing prices. They play by intercontinental telephone or by tapping

in Casino Capitalism
Abstract only
Gavin Edwards

commodities with the products of men’s hands.’ 3 Stuart Hall, interpreting Marx in the context of twentieth-century consumer capitalism, echoes Dickens’s language when he says that, for Marx, ‘workers are split off from the products of their labour which stare back at them from the shelves of shops, stores and supermarkets as if they were alien objects’. 4 Dickens, from this perspective, is coming face to face with the social character of literary production in the displaced form of ‘T HE E ND ’, the staring typeface. Indeed, in a later chapter of Capital Marx

in The Case of the Initial Letter
Paul Copeland

2 Governance and the clash of capitalisms This chapter provides a theoretical lens through which to analyse the impact of EU enlargement upon the European social dimension. At the heart of the theoretical debate on European integration lies the fundamental division between those who view the EU as an international organisation in which the Member States are the ultimate determinants of outcomes, as opposed to those who consider integration to generate its own momentum and thereby undermine Member State sovereignty. This division has its origins within

in EU enlargement, the clash of capitalisms and the European social dimension

Karl Polanyi (1886–1964) returned to public discourse in the 1990s, when the Soviet Union imploded and globalization erupted. Best known for The Great Transformation, Polanyi’s wide-ranging thought anticipated twenty-first-century civilizational challenges of ecological collapse, social disintegration and international conflict, and warned that the unbridled domination of market capitalism would engender nationalist protective counter-movements. In Karl Polanyi and Twenty-First-Century Capitalism, Radhika Desai and Kari Polanyi Levitt bring together prominent and new thinkers in the field to extend the boundaries of our understanding of Polanyi's life and work. Kari Polanyi Levitt's opening essay situates Polanyi in the past century shaped by Keynes and Hayek, and explores how and why his ideas may shape the twenty-first century. Her analysis of his Bennington Lectures, which pre-dated and anticipated The Great Transformation, demonstrates how Central European his thought and chief concerns were. The next several contributions clarify, for the first time in Polanyi scholarship, the meaning of money as a fictitious commodity. Other contributions resolve difficulties in understanding the building blocks of Polanyi's thought: fictitious commodities, the double movement, the United States' exceptional development, the reality of society and socialism as freedom in a complex society. The volume culminates in explorations of how Polanyi has influenced, and can be used to develop, ideas in a number of fields, whether income inequality, world-systems theory or comparative political economy. Contributors: Fred Block, Michael Brie, Radhika Desai, Michael Hudson, Hannes Lacher, Kari Polanyi Levitt, Chikako Nakayama, Jamie Peck, Abraham Rotstein, Margaret Somers, Claus Thomasberger, Oscar Ugarteche Galarza.

Andy Smith

is of wider import for at least two reasons. The first is that despite the liberalism that has dominated most of France’s economic history, today this country’s ‘variety of capitalism’ ( Hall and Soskice, 2001 ) remains indelibly marked by the form of state interventionism that structured government policy, collective action and many company strategies from 1940 until the late 1980s. Commonly known as dirigiste (loosely translated as ‘directive’), this approach to economics combined a soft but influential form of state planning, nationalizations, an emphasis on

in Made in France
Marcel Stoetzle

industrial production – the assembly line and all that it meant for labour relations – which was also widely discussed in Europe. Back in idyllic medieval Heidelberg, Weber produced several famous essays on methodology, The Protestant Ethic and the Spirit of Capitalism , studies on Russia after the 1905 revolution and on industrial relations in a modern factory, and co-founded with Simmel and Tönnies the German Sociological Association in 1909. In The Protestant Ethic , first published in the form of two long essays in 1904 and 1905 and then in revised form as a

in Beginning classical social theory
Seán Ó Riain

4147 Inglis–Are the Irish different_BB_Layout 1 29/07/2014 09:26 Page 22 3 Where is Ireland in the worlds of capitalism? Seàn Ó Riain Capitalism is supposed to make the societies of the world more similar. Closer economic ties bring far distant societies into contact with one another while the pressures of competition and the spread of capitalist markets appear to drive economies and societies around the world towards a single model of optimal economic organisation. However, it is also clear that different countries have vastly different economies, even among

in Are the Irish different?