Tag capitalism

Materialism and the Senses

Terry Eagleton— The early Marx is engaged on an arrestingly original project. No other critic of the system under which he lived had taken it to task for what it does to the human senses. There had been no such phenomenology of capitalism before. In Marx’s view, the capitalist mode

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Mining and the Rise of Capitalism

Jeannette Graulau— From David Landes’s Prometheus Unbound to Giovanni Arrighi’s Origins of Our Times, scholars continue to quarrel over one of the most difficult questions of all time: the why, how, and where of the origins of capitalism. Some return to the inexhaustible argument of England’s Industrial Revolution. Others, demystifying

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Adventure Capitalism and the Frontier Question

Andrew Offenburger— In 1883, an academic and traveler named William Henry Bishop posed a question on many Americans’ minds. “What is a world to do,” he asked, “when it has no longer a West?” Bishop wondered how the United States would continue to expand beyond California, following a pattern of

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Socialist Media

Terry Eagleton— Over half a century ago, in an excellent little book entitled Communications, Raymond Williams outlined a socialist plan for the arts and media which rejected state control of its content on the one hand and the sovereignty of the profit motive on the other. Instead, the active contributors

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Workers of the World

Niall Kishtainy—  A spectre is haunting Europe – the spectre of communism.’ This is the first line of The Communist Manifesto, which was written in the middle of the nineteenth century and is perhaps the most famous political pamphlet ever. The spectre – something scary and menacing – was the threat to

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The Four Horsemen of Capitalist Decline

Fredrik Erixon and Björn Weigel— Now, however, capitalism seems to have lost its founding spirit of enterprise. Four forces that guided the economy from the 1970s assisted in reducing the scope for experimentation and innovation. They are not the Four Horsemen of the Apocalypse, nor were they all undesirable, but

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Taming the US Shadow Banks

Tamim Bayoumi— US financial reformers faced a fundamentally different issue from those in Europe. Banks in Europe were under a flawed single system. The issues in the United States, on the other hand, centered on the dual nature of the pre-crisis banking system that contained a relatively tightly regulated core and

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To London, with Love: Lost at Sea

Ivan Lett— Here in New Haven, the memory of La Amistad and its historic court trial pervades the memory of our coastline. Popular recreations of the slave ship’s story, such as the 1997 Spielberg film or the ship replica at Mystic Seaport, remind us of the horrors of slavery and

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Globalization Is Not America’s Most Wanted

The “economy” has practically become a dirty word now. It’s usually the answer to the question, “What issue concerns Americans the most?” and has led to frantic searches for explanations. Whatever the “real” cause, one of the major scapegoats for the “Great Crisis,” as Gary Clyde Hufbauer and Kati Suominen call it, is globalization. In their book Globalization at Risk: Challenges to Finance and Trade, they argue that while globalization had a role in creating our current situation, we don’t have to send the Navy SEALs after it.

Why Do We Work? Answers from Karl Marx, Wendell Berry, and Dorothy Sayers

Today’s “Why Marx Was Right” blog discussion features an essay by Jake Meador on Chapter 5 of Terry Eagleton‘s Why Marx Was Right, addressing the claim: “Marxism reduces everything to economics.” Jake Meador One of the most common dismissals of Marx accuses him of historical reductionism. “Marx creates a caricature

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