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Modern civilization and the social reproduction of capitalism are
bound inextricably with fossil fuel consumption. But as carbon
energy resources become scarcer, what implications will this have
for energy-intensive modes of life? Can renewable energy sustain
high levels of accumulation?? Or will we witness the end of
existing capitalist economies? This book provides an innovative and
timely study that mobilizes a new theory of capitalism to explain
the rise and fall of petro-market civilization. Di Muzio
investigates how theorists of political economy have largely taken
energy for granted and illuminates how the exploitation of fossil
fuels increased the universalization and magnitude of capital
accumulation. He then examines the likelihood of renewable
resources providing a feasible alternative and asks whether they
can beat peak oil prices to sustain food production, health care,
science and democracy. Using the capital as power framework, this
book considers the unevenly experienced consequences of monetizing
fossil fuels for people and the planet.
Makes an important contribution to the debates on the Covid-19
pandemic in global political economy. Has important implications
for public policy formulation in individual nation states. Offers
global focus and appeal while also including individual
country-specific case study chapters.
Debt as Power is a timely and innovative contribution to our
understanding of one of the most prescient issues of our time: the
explosion of debt across the global economy and related requirement
of political leaders to pursue exponential growth to meet the
demands of creditors and investors. The book is distinctive in
offering a historically sensitive and comprehensive analysis of
debt as an interconnected and global phenomenon. -- .
This edited volume offers the first critical engagement with one of
the most provocative and controversial theories in political
economy: the thesis that capital can be theorized as power and that
capital is finance and only finance. The book also includes a
detailed introduction to this novel thesis first put forward by
Nitzan and Bichler in their Capital as Power. Although endorsing
the capital as power argument to varying extents, contributors to
this volume agree that a new understanding of capital that
radically departs from Marxist and Neoclassical theories cannot be
ignored. Offering the first application and appraisal of Nitzan and
Bichler's theory, chapters examine the thesis in the context of
energy and global capitalization, US Investment Banks, trade and
investment agreements between Canada, the US and Mexico, and
multinational corporations in Apartheid South Africa. Balancing
theory, methodology and empirical analysis throughout, this book is
accessible to new readers, whilst contextualising and advancing the
original theoretical debate. The Capitalist Mode of Power will be
of interest to students and scholars of International Relations,
Political Economy, Globalization and Critical Theory.
How might an objective observer conceive of what humans have
accomplished as a species over its brief history? Benjamin argues
that history can be judged as one giant catastrophe. Liberals
suggest that this is to sombre an assessment and that human history
can be read as a story of greater and greater progress in human
rights, prosperity and the decrease of arbitrary and extra-judicial
violence. But is there a third reading of history, one that neither
interprets human history as a giant catastrophe or endless
progress? Could we not say that human development has been a
tragedy? This book explores the idea of human development as a
tragedy from the perspective of capitalist power. Although the
argument of this book draws heavily on critical political economy,
the analysis considers interdisciplinary literature in an effort to
explore how major revolutions have transformed human social
relations of power and created certain path dependencies that may
ultimately lead to our downfall as a species. Intellectually
sophisticated and readable, this book offers a provocative
genealogy of capitalist power and the tragedy of human development.
An Anthropology of Money: A Critical Introduction shows how our
present monetary system was imposed by elites and how they benefit
from it. The book poses the question: how, by looking at different
forms of money, can we appreciate that they have different effects?
The authors demonstrate how modern money requires perpetual growth,
an increase in inequality, environmental devastation, increasing
commoditization, and, consequently, the perpetual consumption of
ever more stuff. These are not intrinsic features of money, but,
rather, of debt-money. This text shows that, through studying money
in other cultures, we can have money that better serves the broader
goals of society.
Makes an important contribution to the debates on the Covid-19
pandemic in global political economy. Has important implications
for public policy formulation in individual nation states. Offers
global focus and appeal while also including individual
country-specific case study chapters.
Modern civilization and the social reproduction of capitalism are
bound inextricably with fossil fuel consumption. But as carbon
energy resources become scarcer, what implications will this have
for energy-intensive modes of life? Can renewable energy sustain
high levels of accumulation?? Or will we witness the end of
existing capitalist economies? This book provides an innovative and
timely study that mobilizes a new theory of capitalism to explain
the rise and fall of petro-market civilization. Di Muzio
investigates how theorists of political economy have largely taken
energy for granted and illuminates how the exploitation of fossil
fuels increased the universalization and magnitude of capital
accumulation. He then examines the likelihood of renewable
resources providing a feasible alternative and asks whether they
can beat peak oil prices to sustain food production, health care,
science and democracy. Using the capital as power framework, this
book considers the unevenly experienced consequences of monetizing
fossil fuels for people and the planet.
This edited volume offers the first critical engagement with one of
the most provocative and controversial theories in political
economy: the thesis that capital can be theorized as power and that
capital is finance and only finance. The book also includes a
detailed introduction to this novel thesis first put forward by
Nitzan and Bichler in their Capital as Power. Although endorsing
the capital as power argument to varying extents, contributors to
this volume agree that a new understanding of capital that
radically departs from Marxist and Neoclassical theories cannot be
ignored. Offering the first application and appraisal of Nitzan and
Bichler's theory, chapters examine the thesis in the context of
energy and global capitalization, US Investment Banks, trade and
investment agreements between Canada, the US and Mexico, and
multinational corporations in Apartheid South Africa. Balancing
theory, methodology and empirical analysis throughout, this book is
accessible to new readers, whilst contextualising and advancing the
original theoretical debate. The Capitalist Mode of Power will be
of interest to students and scholars of International Relations,
Political Economy, Globalization and Critical Theory.
The Occupy movement managed to draw global attention to the massive
disparity of income, wealth and privilege held by 1% of the
population in nations across the world. In The 1% and the rest of
us, Tim Di Muzio explores what it means to be part of a
socio-economic order presided over by the super-rich and their
political servants. Incorporating provocative and original
arguments about philanthropy, social wealth and the political role
of the super-rich Di Muzio reveals how the 1% are creating a world
unto themselves in which the accumulation of ever more money is
really a symbolic drive to control society and the natural
environment. A timely and innovative book that provides readers
with the first global political economy of the 1%, while
demonstrating how resistance can continue to challenge their rule.
Debt as power is a timely and innovative contribution to our
understanding of one of the most prescient issues of our time: the
explosion of debt across the global economy and related requirement
of political leaders to pursue exponential growth to meet the
demands of creditors and investors. The book is distinctive in
offering a historically sensitive and comprehensive analysis of
debt as an interconnected and global phenomenon. -- .
How might an objective observer conceive of what humans have
accomplished as a species over its brief history? Benjamin argues
that history can be judged as one giant catastrophe. Liberals
suggest that this is to sombre an assessment and that human history
can be read as a story of greater and greater progress in human
rights, prosperity and the decrease of arbitrary and extra-judicial
violence. But is there a third reading of history, one that neither
interprets human history as a giant catastrophe or endless
progress? Could we not say that human development has been a
tragedy? This book explores the idea of human development as a
tragedy from the perspective of capitalist power. Although the
argument of this book draws heavily on critical political economy,
the analysis considers interdisciplinary literature in an effort to
explore how major revolutions have transformed human social
relations of power and created certain path dependencies that may
ultimately lead to our downfall as a species. Intellectually
sophisticated and readable, this book offers a provocative
genealogy of capitalist power and the tragedy of human development.
This original, timely and innovative collection is the first to
offer critical IPE perspectives on the interconnections between
energy, capitalism and the future of world order. The authors
discuss the importance of energy for our understanding of the
global political economy, climate change and key new developments
like 'fracking'.
An Anthropology of Money: A Critical Introduction shows how our
present monetary system was imposed by elites and how they benefit
from it. The book poses the question: how, by looking at different
forms of money, can we appreciate that they have different effects?
The authors demonstrate how modern money requires perpetual growth,
an increase in inequality, environmental devastation, increasing
commoditization, and, consequently, the perpetual consumption of
ever more stuff. These are not intrinsic features of money, but,
rather, of debt-money. This text shows that, through studying money
in other cultures, we can have money that better serves the broader
goals of society.
While the Occupy movement faces many strategic and organizational
challenges, one of its major accomplishments has been to draw
global attention to the massive disparity of income, wealth and
privilege held by 1% of the population in nations across the world.
In The 1% and the Rest of Us, Tim Di Muzio explores what it means
to be part of a socio-economic order presided over by the
super-rich and their political servants. Incorporating provocative
and original arguments about philanthropy, social wealth and the
political role of the super-rich, Di Muzio reveals how the 1% are
creating a world unto themselves in which the accumulation of ever
more money is really a symbolic drive to control society and the
natural environment.
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