The Historical Constitution of the Political Forms of Capitalism

Abstract: This article provides a general overview and critique of approaches to state theory, from the Marxist “state derivation“ debate of the 1970s, through to regulation and world‐systems perspectives, to theories which encompass imperialism. It proposes that a theory of the political forms of capitalism should have three elements: it should be based on analysis of the different historical processes by which capitalist states have been and are constituted; it should elucidate the specificities of the various political forms of capitalism; and it should explain the continuing existence of a plurality of states and imperialist relations.     

Revisiting the South Korean developmental state after the 1997 financial crisis

This study reassesses the conventional wisdom surrounding the developmental state of South Korea (hereafter Korea) since the 1997 Korean financial crisis. The conventional wisdom is that, as a result of the continued structural reforms prompted by the crisis, the Korean developmental state, inherently characterised by active or direct state intervention, strong economic and industrial policies, the chaebol-oriented economic policy, and labour exclusion, has finally begun to dissolve in earnest. In this study, we have considered whether that is really the case and also which theoretical implications can be drawn from this consideration. Analysis of the Korean developmental state following the 1997 crisis has indicated that, quite contrary to conventional wisdom, the developmental state has continued to prevail as a core policy framework of the Korean administrations even after the crisis. There is no doubt that the continued structural and market reform after the crisis certainly undermined the Korean developmental state to a certain degree, but that does not mean the beginning of the end of the Korean developmental state at all. For much evidence strongly indicates that the Korean developmental state still remains intact and strong despite the structural reforms, on account of the successive Korean governments’ assiduous and deliberate efforts to maintain and reinforce it. Even after the crisis, the Kim Dae-Jung and post-Kim regimes have hardly abandoned many of their market interventionist policies. Such market interventionist policies, which were routinely practised under the military regime in the 1960s and 1970s, diametrically contravene the argument that the Korean developmental state has begun to dissolve as a result of structural reform after the 1997 crisis. Contrary to conventional wisdom, the Korean developmental state persists as usual. All this information, then, suggests that path dependence is in action in the case of the Korean developmental state, and this suggests a further hypothesis that the Korean developmental state is very likely to persist in the future as well, despite increasing globalisation pressure, given the strong path dependence.     

The Italian welfare state after the financial crisis

The essential characteristics of the Italian welfare state as it developed after the Second World War generated social cleavages and inequities that affected the Italian economy and provided grist for future reforms. At the same time, the welfare state provided political actors with incentives and resources that constrained attempts at reform. With the financial crisis beginning in 2008, serious reform was no longer optional. But austerity politics have generated pressures for changes to the welfare state which are unlikely to moderate most of the underlying inequities generated by the post-war system. Going forward, Italian policymakers must chart a path that is informed by efforts to overcome the pathologies of the past without further undermining the social and economic health of the country.     

Is Fish Health Food or Poison? Farmed Fish and the Material Production of Un/Healthy Nature*

Abstract: This paper contributes to scholarship on health and environment by focusing on connections between human health and political economy of seafood. The contemporary rise of aquaculture is an effort on the part of the seafood industry to escape the contradictions of capital that create crisis in capture fisheries. Yet intensive aquaculture may also create human health problems that contribute to new crises. Aquaculture practices not only increase production of healthful fish, but also lead to fish burdened with chemical pollutants about which there are a variety of health concerns. These health concerns pose problems for producers who may not be able to sell contaminated seafood. By examining the intertwined biochemical and social processes that produce multiple natures (fish bodies, human bodies and the aquatic environment), the paper shows that concerns about health are not only an outcome of political economic processes, but are also an explanatory factor in these processes.     

新自由主义的危机与都市治理——从全球到地方

自2008年的经济危机之后,新自由主义作为西方国家和城市治理的主要手段也受到根本性的挑战,这些政治经济的失败,最终表现在都市空间的治理当中。本文将以新自由主义的扩张案例入手,通过国内外都市空间治理的实践经验,剖析新自由主义所带来的短期和长期的政治经济危机后果,并讨论全球不同空间尺度当中撤退空间的治理与挑战。新自由主义的问题不仅存在于西方国家,在网络时代和全球化的趋势下,资本的累积是在全球范围内产生危机,亚洲国家以及中国也必须思考如何应对危机,以及探索后新自由主义的发展道路。最后,文章从全球到地方的撤退空间讨论当中,反思新自由主义作为一种全球性的都市治理政策在全球的流动,认为就后政治的城市来说,要超越新自由主义的局限还有待观察,中国城市走向后新自由主义的治理转型就必须勇于摆脱英美社会脉络所产生的都市治理论述,建构符合地方社会脉络的理论和实践。     

增强执政党应对金融危机的能力

应对金融风险是执政党必须高度注重的重大问题。在经济全球化时代金融危机频发以及金融风险增多的条件下,增强执政党应对金融危机的能力,妥善处理金融危机所带来的各种挑战,尽快化解可能引发的政治危机和社会危机,不仅关系到党执政的合法性基础,关系到党执政地位的巩固,而且关系到国家政局的稳定和人民群众的财产安全。     

Finance is History!

A new sensitivity to the significance of historical experience has developed since the 2007 financial crisis. There are three possible ways of drawing on the past: as a source of advice on policies, of patterns of past evolution, of multiple possibilities. The best way of thinking about history is as a way of testing conventional hypotheses – particularly when those hypotheses are being used to create market opportunities (by making for false confidence; but also by engendering exaggerated despair).