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Capitalism on Edge - How Fighting Precarity Can Achieve Radical Change Without Crisis or Utopia (Paperback)
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Capitalism on Edge - How Fighting Precarity Can Achieve Radical Change Without Crisis or Utopia (Paperback)
Series: New Directions in Critical Theory, 69
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The wake of the financial crisis has inspired hopes for dramatic
change and stirred visions of capitalism's terminal collapse. Yet
capitalism is not on its deathbed, utopia is not in our future, and
revolution is not in the cards. In Capitalism on Edge, Albena
Azmanova demonstrates that radical progressive change is still
attainable, but it must come from an unexpected direction.
Azmanova's new critique of capitalism focuses on the competitive
pursuit of profit rather than on forms of ownership and patterns of
wealth distribution. She contends that neoliberal capitalism has
mutated into a new form-precarity capitalism-marked by the
emergence of a precarious multitude. Widespread economic insecurity
ails the 99 percent across differences in income, education, and
professional occupation; it is the underlying cause of such diverse
hardships as work-related stress and chronic unemployment. In
response, Azmanova calls for forging a broad alliance of strange
bedfellows whose discontent would challenge not only capitalism's
unfair outcomes but also the drive for profit at its core. To
achieve this synthesis, progressive forces need to go beyond the
old ideological certitudes of, on the left, fighting inequality
and, on the right, increasing competition. Azmanova details reforms
that would enable a dramatic transformation of the current system
without a revolutionary break. An iconoclastic critique of left
orthodoxy, Capitalism on Edge confronts the intellectual and
political impasses of our time to discern a new path of
emancipation.
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