Search results

The case of the Socialist Workers’ Party
Craig Berry

07c Globalisation 164-190 2/2/11 15:11 Page 164 7 Capitalism’s final phase: the case of the Socialist Workers’ Party The Socialist Workers’ Party is the largest far-left organisation in Britain. It is also the dominant member of the International Socialist Tendency (IST), a partnership with similar parties in several Western countries. The SWP is usually identified as a Trotskyist party. It is probably more accurately described as neoTrotskyist, given its origins in Tony Clift’s ‘state capitalism’ thesis (his reinterpretation of the Soviet Union) and

in Globalisation and ideology in Britain
Abstract only
Author: Susan Strange

Originally released by Basil Blackwell in 1986, and then re-released by Manchester University Press in 1998, Casino capitalism is a cutting-edge discussion of international financial markets, the way they behave and the power they wield. It examines money's power for good as well as its terrible disruptive, destructive power for evil. Money is seen as being far too important to leave to bankers and economists to do with as they think best. The raison d'être of Casino Capitalism is to expose the development of a financial system that has increasingly escaped the calming influences of democratic control.

This new edition includes a powerful new introduction provided by Matthew Watson that puts the book it in its proper historical context, as well as identifying its relevance for the modern world. It will have a wide reaching audience, appealing both to academics and students of economics and globalization as well as the general reader with interests in capitalism and economic history.

Labour’s industrial policy and the idea of a National Investment Bank during the long 1980s
Richard Carr

4 Responsible capitalism: Labour’s industrial policy and the idea of a National Investment Bank during the long 1980s Richard Carr This chapter considers two overlapping issues: Labour’s conception of the economy, and its overall electability. As to the first, it is widely asserted in both academic and political circles that ‘the absence of economic policy credibility was absolutely central to Labour’s failure to regain office until 1997’.1 This was certainly true of the 1983 general election when, as Colin Hughes and Patrick Wintour remarked, ‘even 28 per cent

in Labour and the left in the 1980s
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
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
Dave Morland

1 Dave Morland Anti-capitalism and poststructuralist anarchism1 Introduction Social anarchism has a long reputation as a disparate and incoherent ideology. Commentators, sympathetic and objective alike, have frequently accused social anarchism of being too diverse to constitute a singular, recognisable ideology at all (Chomsky, 1970; Miller, 1984; Ball and Dagger, 1991). To a degree this is true: social anarchism is a loose and diverse ideology that may be too elusive for some commentators to categorise neatly and clearly. However, other commentators, myself

in Changing anarchism