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The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10005836969
The recent shift from ‘global villageism’ to the ‘new wars’ revealed a deep crisis in heterodox political economy. The … some measure of growth and stability, depth thrives on ‘accumulation through crisis.’ The past twenty years were dominated … capital now needs inflation, and inflation requires instability and social crisis. It is within this broader dynamics of power …
Persistent link: https://www.econbiz.de/10011644556
The paper offers a new approach for analysing capitalist development and crisis, tying together mergers and … appears as a crisis at the societal level, but which contributes significantly to differential accumulation at the …
Persistent link: https://www.econbiz.de/10011644558
Israel. Our principal focus is on a revised notion of capital, emphasizing the central role of differential accumulation by … marked disparity between deepening crisis on the one hand, and rapid differential accumulation on the other. In South Africa … regional conflict, and hence voiced little opposition to the continuation of a war economy at home. Recently, however, these …
Persistent link: https://www.econbiz.de/10011644559
Since the late 1980s, Israel has been undergoing a profound transformation, characterized by reconciliation with its Arab neighbours and attempts to reintegrate into the regional economy, a transition from a militarized economy to open markets, and a decline of the collectivist ethos in favour...
Persistent link: https://www.econbiz.de/10011644560
Existing theories of capital, neo-classical as well as Marxist, are anchored in the material sphere of production and consumption. This article offers a new analytical framework for capital as a crystallization of power. The relative nature of power requires accumulation to be measured in...
Persistent link: https://www.econbiz.de/10011644561
significantly, every “energy conflict” since the late 1960s was preceded by adverse drops in the differential rate of the large oil … companies, which then promptly removed in the wake of the ensuing crisis. While the US government was officially seeking … for the arms contractors. Left unresolved, these predicaments could eventually culminate in a new “energy conflict.” …
Persistent link: https://www.econbiz.de/10011644562
This paper offers a new approach to the political economy of armament, focusing on the relationship between military spending and differential accumulation in mature capitalist economies. Applied to the “model” case of Israel, our analysis suggests that the militarization of Israel’s...
Persistent link: https://www.econbiz.de/10011644563
contingent on the new atmosphere of “scarcity” and oil crisis, which was in turn dependent on the progressive militarization of …, secondly, by the fact that every single “energy conflict” since the 1967 Arab Israeli War could have been predicted solely by …
Persistent link: https://www.econbiz.de/10011644564
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10011644566