Carbon Capitalism: Energy, Social Reproduction and World Order

ABSTRACT 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 Continue Reading

The Plutonomy of the 1%: Dominant Ownership and Conspicuous Consumption in the New Gilded Age

This article offers a study on the plutonomy of dominant owners and what their consumptive practices might tell us from the lens of the capital as power framework in IPE. I argue that the differential consumption of dominant owners is an important dimension of an internationalised capitalist mode of power for two reasons. First, Nitzan Continue Reading

The Weekly Sabotage: Week 7

The Privatization of Money: The Greatest Sabotage in Human History? Part II Last time we found out that modern money is created when commercial banks make loans to people and businesses. They are not loaning out other people’s money at all, but effectively creating it by entering numbers into a computer. Between Part II and Continue Reading

The Weekly Sabotage: Week 5

The Constitution of the United States of America It is by now fairly clear that the Congress of the United States is a ‘do-nothing’ Congress populated by 268 millionaires (out of 534 lawmakers).   The job approval rating, depending on which poll we consider, hovers around 9-14%.  This is perhaps hardly surprising given that the Republican Party vowed to sabotage Democratic and Continue Reading

The Weekly Sabotage: Week 4

Royal Authority and Private Property Last week we considered the concept of ownership though the work of Veblen and Marx. We noted that the establishment and protection of private property involved the dispossession of the many by the few and that this tendency begins with the appropriation of humans (slavery) and land for private profit.  Continue Reading

The Weekly Sabotage: Week 3

Sabotage and Ownership Last week we considered how the capital as power framework seeks to conceptualize two different forms of sabotage: a general sabotage that limits the potential of humanity in which all business participates and; 2) a particular or differential form of sabotage that is relatively unique to each individual firm.  It should also Continue Reading

The Weekly Sabotage: Week 2

Last week we looked briefly at the origin of the term ‘sabotage’ and found that it was more associated with the working class than it was with elite power – those who largely shape and reshape the terrain of social reproduction.  In this formulation, workers sabotage while businessmen build useful industry for the community.  In Continue Reading

The Weekly Sabotage: Week 1

Welcome to a weekly investigation into the fascinating world of corporate sabotage where human creativity, cooperation, mutual aid and well-being are all held ransom for the profit and power of dominant owners. Every week this column will explore various aspects of what Veblen called ‘strategic sabotage’.  But first, a bit of context. It appears that Continue Reading