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Enrichment - A Critique of Commodities (Hardcover)
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Enrichment - A Critique of Commodities (Hardcover)
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This book offers a major new account of modern capitalism and of
the ways in which value and wealth are created today. Boltanski and
Esquerre argue that capitalism in the West has recently undergone a
fundamental transformation characterized by de-industrialization,
on the one hand, and, on the other, by the increased exploitation
of certain resources that, while not entirely new, have taken on
unprecedented importance. It is this new form of exploitation that
has given rise to what they call the 'enrichment economy'. The
enrichment economy is based less on the production of new objects
and more on the enrichment of things and places that already exist.
It has grown out of a combination of many different activities and
phenomena, all of which involve, in their varying ways, the
exploitation of the past. The enrichment economy draws upon the
trade in things that are intended above all for the wealthy, thus
providing a supplementary source of enrichment for the wealthy
people who deal in these things and exacerbating income inequality.
As opportunities to profit from the exploitation of industrial
labour began to diminish, capitalism shifted its focus to expand
the range of things that could be exploited. This gave rise to a
plurality of different forms for making things valuable - valuing
objects in terms of their properties is only one such form. The
form that plays a central role in the enrichment economy is what
the authors call the 'collection form', which values objects based
on the gap they fill in a collection. This valuation process relies
on the creation of narratives which enrich commodities. This
wide-ranging and highly original work makes a major contribution to
our understanding of contemporary societies and of how capitalism
is changing today. It will be of great value to students and
scholars in sociology, political economy and cultural studies, as
well as to anyone interested in the social and economic
transformations shaping our world.
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