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Turbulence

TURBULENCE 5

OUT NOW!

TURBULENCE 5

AND NOW FOR SOMETHING COMPLETELY DIFFERENT?

Until recently, anyone who suggested nationalising the banks would have been derided as a ‘quack’ and a ‘crank’, as lacking the most basic understanding of the functioning of a ‘complex, globalised world’. The grip of ‘orthodoxy’ disqualified the idea, and many more, without the need even to offer a counter-argument.

And yet, in this time of intersecting crises, when it seems like everything could, and should, have changed, it paradoxically feels as though very little has. Individuals and companies have hunkered down to try and ride out the crisis. Nationalisations and government spending have been used to prevent change, not initiate it. Anger and protest have erupted around different aspects of the crises, but no common or consistent reaction has seemed able to cohere. We appear unable to move on.

For many years, social movements could meet and recognise one another on the *common ground* of rejecting neoliberalism, society’s old *middle ground* — those discourses and practices that defined the centre of the political field. The crisis of the middle has meant a crumbling of the common.

And what now? Will neoliberalism continue to stumble on without direction, zombie-like? Or, is it time for something completely different?

CONTENTS:

Turbulence: ‘Life in limbo?’

Gifford Hartman, ‘California in Crisis: Everything touched by capital turns toxic’

Bini Adamczak and Anna Dost, ‘What would it mean to lose? On the history of actually-existing failure’

Frieder Otto Wolf and Tadzio Mueller, ‘Green New Deal: Dead end or pathway beyond capitalism?’

p.m., ‘It’s all about potatoes and computers: Recipes for the cook-shops of the future’

Colectivo Situaciones, ‘Disquiet in the impasse’

George Caffentzis, ‘‘Everything must change so that everything can stay the same’: Notes on Obama’s Energy Plan’

Walter Mignolo, ‘The communal and the decolonial’

Massimo De Angelis, ‘The tragedy of the capitalist commons’

Rebecca Solnit, ‘Falling Together’

Rodrigo Nunes, ‘What were you wrong about ten years ago?’

ALSO FEATURING…

…a collection of texts, ten years after the protests against the World Trade Organisation in Seattle, asking people from across the global movement, ‘What were you wrong about ten years ago?’, at t-10.

Contributors to the feature are: David Solnit, Gustavo Esteva, Emir Sader, Phil McLeish, Rubia Salgado, João Pedro Stédile, A CrimethInc ex-Worker, Precarias a la Deriva, Trevor Ngwane, Marcela and Oscar Olivera, Heloisa Primavera, Chris Carlsson, The Free Association, David Bleakney, Olivier de Marcellus, Go Hirasawa and Sabu Kohso, John Clarke, Guy Taylor, Thomas Seibert, Dr Simon Lewis, Amador Fernández-Savater.

The Issue is illustrated by the photo series ‘Flat Horizon’ by Marcos Vilas Boas.

Turbulence: Ideas for Movement are: David Harvie, Keir Milburn, Tadzio Mueller, Rodrigo Nunes, Michal Osterweil, Kay Summer, Ben Trott.

http://www.turbulence.org.uk

ORDER A COPY

Copies can be ordered from editors@turbulence.org.uk

Turbulence is free, but we ask that you make a donation towards postage: http://turbulence.org.uk/donate/ (any additional donations greatly appreciated!)

All texts are also freely available via our website as of today.

HELP OUT

A collection of resources to help publicise the issue (posters, flyers, web-banners, etc…) can be found here:
http://turbulence.org.uk/turbulence-5/turbulence-5-resources/

Get in touch if you can help out translating any of the articles in this issue: editors@turbulence.org.uk

Order a bundle of the magazine to distribute in your part of the world.

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Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

MySpace Profile: http://www.myspace.com/glennrikowski

Andrew Kliman

Andrew Kliman

THE PERSISTENT FALL IN PROFITABILITY UNDERLYING THE CURRENT CRISIS

 

A message from Andrew Kliman

Dear Colleagues,

I have just posted a first draft of a longish (27,000 word) paper at: http://akliman.squarespace.com/persistent-fall

It’s entitled “The Persistent Fall in Profitability Underlying the Current Crisis: New Temporalist Evidence.”

It looks at the rates of profit of U.S. corporations, 1929-2007, with emphasis on the period since the early 1980s. The accompanying spreadsheet files will be posted at the same location soon, as soon as I can clean them up.

Comments are welcome.

Best,

Andrew

Andrew Kliman
http://akliman.squarespace.com:  “I Ain’t Gonna Work on Piero’s Farm No More”

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

Capitalist Crisis

Capitalist Crisis

RICHARD WOLFF – CAPITALISM HITS THE FAN

 

A message from Rick Wolff

Dear Friends

You might find interesting and useful (and especially for teaching purposes) an inexpensive ($18 or less if ordered via http://www.rdwolff.com) new book of short, 1000-word essays on the history and dimensions of the current economic crisis as well as government responses and political implications. The essays were published from 2005 through mid-2009 on the Monthly Review webzine and are here edited with new introductions for maximum clarity, brevity, and accessibility to many audiences. The book can already be ordered and will begin shipment Sept 30, 2009.

Rick Wolff

http://www.rdwolff.com
*********************************

Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It

Richard Wolff

Published 2009 • 6” x 9” • 256 pages • charts ISBN 9781566567848 • paperback • $18.00

A breathtakingly clear analysis that breaks down the root causes of today’s economic crisis

 “With unerring coherence and unequaled breadth of knowledge, Rick Wolff offers a rich and much needed corrective to the views of mainstream economists and pundits. It would be difficult to come away from this… with anything but an acute appreciation of what is needed to get us out of this mess.” —Stanley Aronowitz, Distinguished Professor of Sociology and Urban Education, City University of New York

Capitalism Hits the Fan chronicles one economist’s growing alarm and insights as he watched, from 2005 onwards, the economic crisis build, burst, and then dominate world events. The argument here differs sharply from most other explanations offered by politicians, media commentators, and other academics. Step by step, Professor Wolff shows that deep economic structures—the relationship of wages to profits, of workers to boards of directors, and of debts to income—account for the crisis. The great change in the US economy since the 1970s, as employers stopped the historic rise in US workers’ real wages, set in motion the events that eventually broke the world economy. The crisis resulted from the post-1970s profit explosion, the debt-driven finance-industry expansion, and the sequential stock market and real estate booms and busts. Bailout interventions by the Federal Reserve and the US Treasury have thrown too little money too late at a problem that requires more than money to solve.

As this book shows, we must now ask basic questions about capitalism as a system that has now convulsed the world economy into two great depressions in 75 years (and countless lesser crises, recessions, and cycles in between). The book’s essays engage the long-overdue public discussion about basic structural changes and systemic alternatives  needed not only to fix today’s broken economy but to prevent future crises.

Richard Wolff has been a professor of economics at the University of Massachusetts, Amherst since 1981. He has been a visiting professor in the Graduate Program in International Affairs, at the New School in New York since 2007. Wolff’s major recent interests and publications include studies of US economic history to ascertain the basic structural causes of the current economic crisis and the examination of how alternative economic theories (neoclassical, Keynesian, and Marxian) understand and respond to the crisis in very different ways. His past work involves application of advanced class analysis to contemporary global capitalism. He has written, co-authored, and co-edited many books and dozens of scholarly and popular journal articles. His recent analyses of current economic events appear regularly in the webzine of the Monthly Review. In 2009, Capitalism Hits the Fan, the documentary on the current economic crisis, was released by Media Education Foundation (http://www.mediaed.org). Visit http://www.rdwolff.com for more information.

Olive Branch Press
http://www.interlinkbooks.com

Table of Contents

Introduction

Part I: Roots of a System’s Crisis
The Political Pendulum Swings, the Alienation Deepens
Dividing the Conservative Coalition
Economic Inequality and US Politics
Reform vs. Revolution: Settling Accounts
Exit-Poll Revelations
Real Costs of Executives’ Money Grabs
The Decline of Public Higher Education
Reversing the American Dream   
Old Distributions, New Economy (co-author Max Fraad-Wolff)
Today’s Haunting Specter, or What Needs Doing
Twenty Years of Widening Inequality
Neoliberalism in Globalized Trouble
Evading Taxes, Legally
Consumerism: Curses and Causes
Nominating Palin Makes Sense

Part II: The Economics of Crisis
1    Capitalism as a Crisis-Prone System
Capitalism’s Three Oscillations and the US Today
Financial Panics, Then and Now
Neoliberal Globalization Is Not the Problem
Economic Blues
Capitalist Crisis, Marx’s Shadow
Wall Street vs. Main Street: Finger Pointing vs. System Change
Capitalism’s Crisis through a Marxian Lens
It’s the System, Stupid
GM’s Tragedy: The System Strikes Back
Crises in vs. of Capitalism
2    The Role of Economic Theory
Evangelical Economics
Flip-Flops of Economics
3    Markets and Efficiency
Oil and Efficiency Myths
The Rating Horrors and Capitalist “Efficiency”
Market Terrorism
4    Wages, Productivity, and Exploitation
US Pensions: Capitalist Disaster
The Fallout from Falling Wages
Reaping the Economic Whirlwind
Our Sub-Prime Economy
5    Housing and Debt
Personal Debts and US Capitalism
US Housing Boom Goes Bust
What Dream? Americans All Renters Now!
6    Government Intervention in the Economy
 Bernanke Expectations: New Fed Chairman, Same Old, Same Old
Federal Reserve Twists and Turns
As Rome Burned, the Emperor Fiddled
Policies to “Avoid” Economic Crises
Lotteries: Disguised Tax Injustice
7    International Dimensions of the Crisis
Immigration and Class
Global Oil Market Dangers
China Shapes/Shakes World’s Economies
Globalization’s Risks and Costs
Foreign Threat to American Business?
US Economic Slide Threatens Mexico

Part III: Politics of the Crisis
1    Reforms and Regulations as Crisis Solutions
Economic Reforms: Been There, Done That
Regulations Do Not Prevent Capitalist Crises
2    Debates over “Socialist” Solutions
Economic Crisis, Ideological Debates
Socialism’s New American Opportunity
Those Alternative Socialist “Stimulus” Plans
Wanted: Red-Green Alliance for Radically Democratic Reorganization of Production
Capitalist Crisis, Socialist Renewal
3    Anti-Capitalist Politics
Europe: Capitalism and Socialism
The Urban Renewal Scam for New Orleans
France’s Student-Worker Alliance
Lessons of a Left Victory in France
The Minimum Wage, Labor, and Politics
French Elections’ Deeper Meaning
Mass Political Withdrawal
Capitalism Crashes, Politics Changes

Index

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

Economic Crisis

Economic Crisis

ECONOMIC CRISIS: RADICAL ANALYSIS AND RADICAL RESPONSES

 

UNION FOR RADICAL POLITICAL ECONOMICS (URPE) CONFERENCE IN BROOKLYN, NY

St. Francis College, Brooklyn, NY • October 24, 2009

Morning Segment: RADICAL ANALYSIS

Keynote Speaker: Dr. David Harvey (CUNY)

Workshops on causes, mechanisms, and effects of the capitalist crisis

Afternoon Segment: RADICAL RESPONSES

Keynote Speaker: Hon. Charles Barron (New York City Council)

Workshops on popular responses to the crisis

Details: http://www.urpe.org/

Programme: http://www.urpe.org/conf/brooklyn/brookprog.html

Registration: http://www.urpe.org/conf/brooklyn/brookreg.html

Flyer: http://www.urpe.org/conf/brooklyn/URPEBrooklynFly.pdf

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

MySpace Profile: http://www.myspace.com/glennrikowski

Chipsdown

Chipsdown

BROWNDOWN MELTDOWN

 

There is an excellent article by George Monbiot in The Guardian today: ‘One financial meltdown, it seems, is just not enough for Gordon Brown’ (8th September, p.33).

Monbiot indicates Gordon Brown’s degree of responsibility for the current crisis of capital and his dysfunctional reluctance to attempt to place substantial restraints on banks and bankers’ activities – which have been ruinous for millions.

As Monbiot notes:

“So there will be no reckoning. There will be no firm restraint, no punishment, no measure sufficient to prevent a repetition of the crash. The only people who will not be harmed by the banking crisis are the bankers who caused it”.

See the article at: http://www.guardian.co.uk/commentisfree/2009/sep/07/financial-meltdown-gordon-brown-g20

Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

 

Marxism

Marxism

HISTORICAL MATERIALISM 17:1 & 17:2

 

 

http://www.brill.nl/hima

Historical Materialism: Research in Critical Marxist Theory
Volume 17 Issue 2
2009

CONTENTS

Isaac and Tamara Deutscher Memorial Prize Lecture
Rick Kuhn
Economic Crisis, Henryk Grossman and the Responsibility of Socialists

Articles

David McNally
From Financial Crisis to World Slump: Accumulation, Financialisation, and the Global Slowdown

Steve Edwards
Apocalyptic Sublime: On the Third Brighton Photo Biennal

Symposium on the Global Financial Crisis
Samantha Ashman
Editorial Introduction

Costas Lapavitsas
Financialised Capitalism: Crisis and Financial Expropriation

Gary A. Dymski
Racial Exclusion and the Political Economy of the Subprime Crisis

Paulo L. Dos Santos
On The Content of Banking in Contemporary Capitalism

Reflections on ‘Gewalt’ (contd.)
Luca Basso
The Ambivalence of Gewalt in Marx and Engels: On the
Interpretation of Balibar

Review Articles

Ian Hudson & Mark Hudson
on Gavin Fridell’s Fair Trade Coffee: The Prospects and Pitfalls of Market Driven Social Justice, Daniel Jaffee’s Brewing Justice: Fair Trade Coffee, Sustainability, and Survival, and Laura Raynolds’, Douglas Murray’s & John Wilkinson’s Fair Trade: The Challenges of Transforming Globalization

Richard Westra
on Pierre Bourdieu’s Firing Back: Against the Tyranny of the Market 2, Global Turbulence: Social Activists’ and State Responses to Globalization, edited by Marjorie Griffin Cohen and Stephen McBride, John Rapley’s Globalization and Inequality: Neoliberalism’s Downward Spiral and Anti-Capitalism: A Marxist Introduction, edited by Alfredo Saad-Filho

Michele Filippini
on Alberto Burgio’s Gramsci storico

Richard Seymour
on Markku Ruotsila’s John Spargo and American Socialism

Robert Knox
On Alain Supiot’s Homo Juridicus

Historical-Critical Dictionary of Marxism
Stefan Bollinger & Juha Koivisto
Hegemonic Apparatus

 

Historical Materialism: Research in Critical Marxist Theory
Volume 17 Issue 1
2009

CONTENTS

Articles

Marcus E. Green and Peter Ives
Subalternity and Language: Overcoming the Fragmentation of Common Sense

Henry Heller
The Longue Durée of the French Bourgeoisie

Michael Löwy
Capitalism as Religion: Walter Benjamin and Max Weber

Daniel Cho
Adorno on Education, or, Can Critical Self-Reflection Prevent the Next Auschwitz?

Reflections on ‘Gewalt’
Étienne Balibar
Violence

Massimilano Tomba
Another Type of Gewalt: Beyond Law. Re-Reading Benjamin

Interventions
Guglielmo Carchedi
The Fallacies of ‘New Dialectics’ and Value-Form Theory

Christopher J. Arthur
Contradiction and Abstraction: A Reply to Finelli

Review Articles

Benjamin Noys
on Ian Parker’s Revolution in Psychology: Alienation to Emancipation, and Yannis Stavrakakis’s The Lacanian Left: Psychoanalysis, Theory, and Politics

Marcel Bois
on Christian Gotthardt’s Die radikale Linke als Massenbewegung. Kommunisten in Harburg-Wilhelmsburg 1918–1933

Tyson E. Lewis
on Peter McLaren’s Capitalists and Conquerors, and McLaren and Ramin Farahmandpur’s Teaching Against Global Capitalism and the New Imperialism

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

Stephen Gill on the Current Global Crisis

Stephen Gill website: http://www.stephengill.com/

Readers of this blog may be interested in some of Stephen Gill’s papers and posts which are connected to interpretations of the current global crisis.  Also included are biographical materials and a selected list of publications.
Dr. Stephen Gill, F.R.S.C.
Distinguished Research Professor
Department of Political Science
Ross S660, York University, 4700 Keele St, Toronto, Ontario M3J 1P3, CANADA
Tel (direct): 416-736-2100 ext 88824; Tel: office reception 416-736-5265; Fax: 416-736-5686

 

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

The Ockress: http://www.theockress.com

Volumizer: http://glennrikowski.blogspot.com

MySpace Profile: http://www.myspace.com/glennrikowski

Mark Thomas at the Put People First G20 Protest


A rousing, funny and inspirational speech by Mark Thomas at the Put People First G20 Protest, see: http://www.youtube.com/watch?v=mjKNja3m0zc

 

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk