Unleashing Usury


Book Description

Usury laid medieval society to waste. Western civilization was saved by the rise of capitalism, which tamed the activities of money lending, and endowed them with socially redeeming value, tethering finance to expanding production of material goods and increased social wealth. Now, as the 21st century begins, bloating tides of money with no possibility of ever being converted into real capital wash over the world. Finance again has turned to its dark side, using money to make money with no socially redeeming purpose. Such is the endgame of economies managed by capitalists without capitalism. As Marx foresaw, capitalist society, like all others, is destined to be outpaced by history as the conditions of its existence decompose and become a drag on the human future. Either we will succeed in bringing about new politico-economic structures—or civilization will collapse into barbarism, just as usury broke it down in the past.




A Japanese Approach to Stages of Capitalist Development


Book Description

This book offers a novel treatment of one of the most important and long-standing research agendas in critical political economy: the theorizing of stages of capitalist development. Albritton advances the work of Japanese economist, Kozo Uno, to explore capital accumulation and its ideological, legal and political supports, not only in the stages of mercantilism, liberalism and imperialism, but also in the post-World War II capitalist stage of consumerism. The power of Albritton’s adoption of this Japanese approach resides in the crisp clarity it achieves over the way stage theorizing of capitalism draws on both economic theory and historical analysis. In the new, fully revised edition, written with Richard Westra, two new chapters are added. One meticulously examines the tendencies of capitalism euphemized as globalization and financialization which followed the crisis of the stage of consumerism. The other deals with current threats to civilization posed by burgeoning militarism, environmental destruction and climate apocalypse. The concluding chapter argues for the necessity of major social change to ensure a liveable future for humanity. The book will be of interest to researchers and students of political economy and the history of economic thought, as well as a wider audience interested in the transformation and crises of capitalism.




Global Sustainability and Communities of Practice


Book Description

Collaboration between experts and the public is vital for effective community engagement aimed at improving the lives of the most vulnerable in society, whether at the local or global level. Using case-based and theoretical chapters that examine rural and urban communities of practice, this volume illustrates how participatory researchers and students, as well as policy and community leaders, find ways to engage with the broader public when it comes to global sustainability research and practice.




The Reign of Anti-logos


Book Description

The concept of ‘performativity’ has risen to prominence throughout the humanities. The rise of financial derivatives reflects the power of the performative sign in the economic sphere. As recent debates about gender identity show, the concept of performativity is also profoundly influential on people’s personal lives. Although the autonomous power of representation has been studied in disciplines ranging from economics to poetics, however, it has not yet been evaluated in ethical terms. This book supplies that deficiency, providing an ethical critique of performative representation as it is manifested in semiotics, linguistics, philosophy, poetics, theology and economics. It constructs a moral criticism of the performative sign in two ways: first, by identifying its rise to power as a single phenomenon manifested in various different areas; and second, by locating efficacious representation in its historical context, thus connecting it to idolatry, magic, usury and similar performative signs. The book concludes by suggesting that earlier ethical critiques of efficacious representation might be revived in our own postmodern era.




Varieties of Alternative Economic Systems


Book Description

In this age of overlapping and mutually reinforcing deep global crises (financial convulsions, global warming, mass migrations, militarism, inequality, selfish nation-states, etc.), there needs to be more realistic dialogue about radical alternatives to the status quo. Most literature produced heretofore has focused on the surface causes of these crises without much attention given to the sorts of major societal changes needed in order to deal with the crises we face. This book moves the debate beyond the critiques and the false or not fully realised alternatives, to focus on what can be termed "practical utopias". The contributors to this book outline a range of practical proposals for constructing pathways out of the global economic, ecological and social crisis. Varieties of Alternative Economic Systems eschews a single blueprint but insists on dealing directly with the deep structural problems and contradictions of contemporary global capitalism. It provides a diverse array of complementary proposals and perspectives that can inform both theoretical thinking and practical action. This volume will be of interest to academics and students who study political science, ecological economics, international politics and socialism.




The Political Economy of Emerging Markets


Book Description

Rapid and sustained growth in the twenty-first-century global economy of large developing economies including Brazil, Russia, India, China, and South Africa, has captivated policy-makers and popular business press pundits alike. The coining of the new acronym BRICS and widespread adoption in international economics discourse of the designation "emerging markets" is symptomatic of that interest. The Political Economy of Emerging Markets situates the BRICS phenomena in the global economic context of advanced economies continuing to languish in recession and hovering over a deflationary abyss several years after the meltdown. A key question this volume seeks to answer is whether the BRICS and so-called "emerging market" phenomenon is really the new miracle it is presented as, offering new or modified varieties of reloaded capitalist development to the world, or yet another mirage. Written by ten leading global experts, this book answers the tough questions over BRICS and emerging markets potentially realizing new varieties of reloaded capitalism. It is not only international and interdisciplinary but uniquely multiperspectival. Theories framing chapters are not of one genre, but generate theoretical debate at the frontier of knowledge in political economy along with nuanced empirical analysis which flows from it. This book is of great importance to those who study political economy, development economics and international political economy.




The Political Economy of Post-Capitalism


Book Description

Westra explores a nuanced literature on post-capitalism which claims that instead of constituting the end of history or ending in its supplanting by socialism, capitalism has transmuted into something else. Foci of this literature ranges from questions of financial system and technological change through evidence of shifting class contours metastasizing a more predatory constellation. In exposing the dire consequences for humanity of capitalist unravelling, Westra remedies the lacunae of current writings which leave fundamental questions of what precisely capitalism is or was and the historical delimitations of capitalism unanswered. He not only critically analyzes the arguments over capitalisms passing under key rubrics of financialization, globalization, intangible assets and social class, but grounds determinations over the existence of capitalism in a novel synthetic definition of it drawn from Marx. While capitalism has always been an exploitative, asymmetric wealth distributive, alienating, class divisive, crises ridden society, Westra explains how current economic transmutations undermine what coherence capitalism had historically maintained. This book, written in a clear and compelling fashion, is a clarion call for social change. It will be of interest to academics and students across fields of economics, political economy, economic history, political science and sociology as well as to progressive policymakers and social activists.




Periodizing Capitalism and Capitalist Extinction


Book Description

This book offers the first systematic exposition and critique of the major approaches to periodizing capitalism, bringing to bear both deep rooted theoretical questions and meticulous empirical analysis to grapple with the seismic economic changes capitalism has experienced over the past 150 years. Westra asks why – despite the anarchic and crises tendencies captured in radical analyses – capitalism manages to reload in a structured stage that realizes a period of relatively stable accumulation. He further evaluates arguments over the economic forces bringing stages of capitalist development to a crashing end. Particular attention in the periodization literature is devoted to examining the economy of the post World War II golden age and what followed its unceremonious demise. The final chapters assess whether what is variously dubbed neoliberalism, globalization or financialization can be understood as a stage of capitalism or, rather, an era of capitalist disintegration and extinction.




An Underground Education


Book Description

The best kind of knowledge is uncommon knowledge. Okay, so maybe you know all the stuff you're supposed to know--that there are teenier things than atoms, that Remembrance of Things Past has something to do with a perfumed cookie, that the Monroe Doctrine means we get to take over small South American countries when we feel like it. But really, is this kind of knowledge going to make you the hit of the cocktail party, or the loser spending forty-five minutes examining the host's bookshelves? Wouldn't you rather learn things like how the invention of the bicycle affected the evolution of underwear? Or that the 1949 Nobel Prize for Medicine was awarded to a doctor who performed lobotomies with a household ice pick? Or how Catherine the Great really died? Or that heroin was sold over the counter not too long ago? For the truly well-rounded "intellectual," nothing fascinates so much as the subversive, the contrarian, the suppressed, and the bizarre. Richard Zacks, auto-didact extraordinaire, has unloosed his admittedly strange mind and astonishing research abilities upon the entire spectrum of human knowledge, ferreting out endlessly fascinating facts, stories, photos, and images guaranteed to make you laugh, gasp in wonder, and occasionally shudder at the depths of human depravity. The result of his labors is this fantastically illustrated quasi-encyclopedia that provides alternative takes on art, business, crime, science, medicine, sex (lots of that), and many other facets of human experience. Immensely entertaining, and arguably enlightening, An Underground Education is the only book that explains the birth of motion pictures using photos of naked baseball players. Richard Zacks is the author of History Laid Bare: Love, Sex and Perversity from the Ancient Etruscans to Warren G. Harding, which was excerpted in classy magazines like Harper's and earned the attention of the even classier New York Times, which noted that "Zacks specializes in the raunchy and perverse." The Georgia State Legislature voted on whether to ban the book from public libraries. He has studied Arabic, Greek, Latin, French, Italian, and Hebrew, and received the Phillips Classical Greek Award at the University of Michigan. He has also told his publisher that he made a living in Cairo cheating royalty from a certain Arab country at games of chance, although the claim remains unverified. His writing has appeared in the New York Times, The Atlantic Monthly, Time, Life, Sports Illustrated, The Village Voice, TV Guide, and similarly diverse publications. Zacks is married and busy warping the minds of his two children, Georgia and Ziegfield. He resides in New York City, and can be reached via e-mail at [email protected].




The Culture of Usury in Renaissance England


Book Description

This book examines the ways in which usury was perceived and portrayed as it rose to popularity in Renaissance England, taking into account the works of key literary figures of this period, including Milton and Shakespeare.