Navigating the Polycrisis


Book Description

An innovative work of realism and utopianism that analyzes the possible futures of the world-system and helps us imagine how we might transition beyond capitalism. The world-system of which we are all a part faces multiple calamities: climate change and mass extinction, the economic and existential threat of AI, the chilling rise of far-right populism, and the invasion of Ukraine, to name only a few. In Navigating the Polycrisis, Michael Albert seeks to illuminate how the “planetary polycrisis” will disrupt the global community in the coming decades and how we can best meet these challenges. Albert argues that we must devote more attention to the study of possible futures and adopt transdisciplinary approaches to do so. To provide a new form of critical futures analysis, he offers a theoretical framework—planetary systems thinking—that is informed by complexity theory, world-systems theory, and ecological Marxism. Navigating the Polycrisis builds on existing work on climate futures and the futures of capitalism and makes three main contributions. First, the book brings together modeling projections with critical social theory in a more systematic way than has been done so far. Second, the book shows that in order to grasp the complexity of the planetary polycrisis, we must analyze the convergence of crises encompassing the climate emergency, the structural crisis of global capitalism, net energy decline, food system disruption, pandemic risk, far-right populism, and emerging technological risks (e.g. in the domains of artificial intelligence, biotechnology, and nuclear weapons). And third, the book contributes to existing work on postcapitalist futures by analyzing the processes and mechanisms through which egalitarian transitions beyond capitalism might occur. A much-needed work of global futures studies, Navigating the Polycrisis brings together the rigor of the natural and social sciences and speculative imagination informed by science fiction to forge pathways to our possible global future.




Crashed


Book Description

WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.




Unprecedented?


Book Description

A critical and evidence-based account of the COVID-19 pandemic as a political–economic rupture, exposing underlying power struggles and social injustices. The dawn of the COVID-19 pandemic represented an exceptional interruption in the routines of work, financial markets, movement across borders and education. The policies introduced in response were said to be unprecedented—but the distribution of risks and rewards was anything but. While asset-owners, outsourcers, platforms and those in spacious homes prospered, others faced new hardships and dangers. Unprecedented? explores the events of 2020-21, as they afflicted the UK economy, as a means to grasp the underlying dynamics of contemporary capitalism, which are too often obscured from view. It traces the political and cultural contours of a "rentier nationalism," that was lurking prior to the pandemic, but was accelerated and illuminated by COVID-19. But it also pinpoints the contradictions and weaknesses of this capitalist model, and the new sources of opposition that it meets. An empirical, accessible and critical analysis of the COVID economy, Unprecedented? is essential reading for anyone seeking to understand the political and economic turbulence of the pandemic’s first eighteen months.




Earthly Politics


Book Description

Globalization today is as much a problem for international harmony as it is a necessary condition of living together on our planet. Increasing interconnectedness in ecology, economy, technology, and politics has brought nations and societies into even closer contact, creating acute demands for cooperation. Earthly Politics argues that in the coming decades global governance will have to accommodate differences even as it obliterates distance, and will have to respect many aspects of the local while developing institutions that transcend localism. This book analyzes a variety of environmental-governance approaches that balance the local and the global in order to encourage new, more flexible frameworks of global governance. On the theoretical level, it draws on insights from the field of science and technology studies to enrich our understanding of environmental-development politics. On the pragmatic level, it discusses the design of institutions and processes to address problems of environmental governance that increasingly refuse to remain within national boundaries. The cases in the book display the crucial relationship between knowledge and power—the links between the ways we understand environmental problems and the ways we manage them—and illustrate the different paths by which knowledge-power formations are arrived at, contested, defended, or set aside. By examining how local and global actors ranging from the World Bank to the Makah tribe in the Pacific Northwest respond to the contradictions of globalization, the authors identify some of the conditions for creating more effective engagement between the global and the local in environmental governance.




Navigating Uncertainty


Book Description

Uncertainties are everywhere. Whether it’s climate change, financial volatility, pandemic outbreaks or new technologies, we don’t know what the future will hold. For many contemporary challenges, navigating uncertainty – where we cannot predict what may happen – is essential and, as the book explores, this is much more than just managing risk. But how is this done, and what can we learn from different contexts about responding to and living with uncertainty? Indeed, what might it mean to live from uncertainty? Drawing on experiences from across the world, the chapters in this book explore finance and banking, technology regulation, critical infrastructures, pandemics, natural disasters and climate change. Each chapter contrasts an approach centred on risk and control, where we assume we know about and can manage the future, with one that is more flexible, responding to uncertainty. The book argues that we need to adjust our modernist, controlling view and to develop new approaches, including some reclaimed and adapted from previous times or different cultures. This requires a radical rethinking of policies, institutions and practices for successfully navigating uncertainties in an increasingly turbulent world.




Polarized America


Book Description

An analysis of how the increasing polarization of American politics has been accompanied and accelerated by greater income inequality, rising immigration, and other social and economic changes.




The State and the Global Ecological Crisis


Book Description

Explores the prospects for reinstating the state as the facilitator of environmental protection, through analyses and case studies of the green democratic potential of the state and the state system.




Flourishing in the Age of Climate Change


Book Description

Flourishing in the Age of Climate Change explores skills we need to successfully navigate the distinctive environmental, social, and economic challenges of the twenty-first century. Our inability to address increasing resource constraints, social conflict, and ecological decline lead many toward a deep pessimism that saps motivation for change. Drawing on research from environmental science, ethics, psychology, sociology and educational theory, William M. Throop shows why cultivating underdeveloped skills involved in collaboration, humility, frugality and systems thinking can enable flourishing within our context. He also illustrates how we can strengthen such skills individually and how education can scale up their cultivation, which will be essential for achieving sustainability. Flourishing in the Age of Climate Change is a hopeful, practical resource for readers passionate about creating a world where we can thrive, and where flourishing is widespread.




The Economics of Contemporary Latin America


Book Description

Analysis of Latin America's economy focusing on development, covering the colonial roots of inequality, boom and bust cycles, labor markets, and fiscal and monetary policy. Latin America is richly endowed with natural resources, fertile land, and vibrant cultures. Yet the region remains much poorer than its neighbors to the north. Most Latin American countries have not achieved standards of living and stable institutions comparable to those found in developed countries, have experienced repeated boom-bust cycles, and remain heavily reliant on primary commodities. This book studies the historical roots of Latin America's contemporary economic and social development, focusing on poverty and income inequality dating back to colonial times. It addresses today's legacies of the market-friendly reforms that took hold in the 1980s and 1990s by examining successful stabilizations and homemade monetary and fiscal institutional reforms. It offers a detailed analysis of trade and financial liberalization, twenty–first century-growth, and the decline in poverty and income inequality. Finally, the book offers an overall analysis of inclusive growth policies for development—including gender issues and the informal sector—and the challenges that lie ahead for the region, with special attention to pressing demands by the vibrant and vocal middle class, youth unemployment, and indigenous populations.




The Logic of Sufficiency


Book Description

With examples ranging from timbering and fishing to automobility and meat production, Princen shows that sufficiency is perfectly sensible and yet absolutely contrary to modern society's dominant principle, efficiency. He argues that seeking enough when more is possible is both intuitive and rational - personally, organisationally and ecologically rational. And under global ecological constraint, it is ethical. Over the long term, an economy - indeed a society--cannot operate as if there's never enough and never too much.