Crisis,Continuity and Change: Neoliberalism,the Left and the Future of Capitalism

Abstract: This essay's point of departure is the coincident economic and environmental “crises” of our time. I locate both in the dynamics of capital accumulation on a world‐scale, drawing on the ideas of Marx, Karl Polanyi and James O’Connor. I ask whether the recent profusion of “crisis talk” in the public domain presents an opportunity for progressive new ideas to take hold now that “neoliberalism” has seemingly been de‐legitimated. My answer is that a “post‐neoliberal” future is probably a long way off. I make my case in two stages and at two geographical scales. First, I examine the British social formation as currently constituted and explain why even a leading neoliberal state is failing to reform its ways. Second, I then scale‐up from the domestic level to international affairs. I examine cross‐border emissions trading—arguably the policy tool for mitigating the very real prospects of significant climate change this century. The overall conclusion is this: even though the “first” and “second” contradictions of capital have manifested themselves together and at a global level, there are currently few prospects for systemic reform (never mind revolution) led by a new, twenty‐first century “red‐green” Left.     

PRACTICING THE CULTURAL GREEN ECONOMY: WHERE NOW FOR ENVIRONMENTAL SOCIAL SCIENCE?

Debates concerning the development of the green economy necessarily focus on “upstream” issues that underpin the re‐structuring of national and regional economies through the lenses of financial, institutional and regulatory change. However, the growing interest in the cultural green economy requires a re‐scaling of debates surrounding the links that occur in complex socio‐technical systems, notably between individual consumers, social units and the architectures of the developing green economy. This necessitates a research and policy agenda that is attentive to both the complexities of such interactions (between structures, processes and practices) and the imperative to foster change in practices within wider society. This article explores the ways in which environmental social scientists have examined and evidenced these issues, arguing that two major barriers still exist for creating adequate understandings and opportunities for change. First, the overt focus on the individual consumer as a unit of measurement and political attention has stifled debate concerning the ways in which environmentally related social practices have developed in association with wider economic contexts. In this way, environmental social scientists have often failed to make the connections between individuals, practices and the economic system. Second, in adopting a largely individualistic perspective, environmental social scientists have tended to focus their attention on incrementalist and narrowly defined views of what ecological citizenship might look like and constitute in the green economy. The article therefore argues that environmental social scientists need to constructively engage in a new inter‐disciplinary dialogue about the role, purpose and ethics of citizen participation in developing and sustaining the green economy in an age of climate change and potential resource scarcity.     

The Necessity of Dialectical Naturalism: Marcuse,Bookchin, and Dialectics in the Midst of Ecological Crises

In the wake of ecological crises, there has been a resurgence of interest in the relation between dialectical thought and nature. The work of Herbert Marcuse and Murray Bookchin offers unique approaches to this question that remain highly relevant. In the first half of the article, we engage with Marcuse's application of the dialectical method in which he gestured to the “vital need” to push beyond the appearance of “the real” and yet lamented the loss of the ability for negative thinking to pierce the dominance of the “technical apparatus” that tied humanity to this “radical falsity”. Here, we suggest the need for a more holistic dialectical understanding of the social totality—one that is directly located within, and takes as foundational, the environmental conditions of human society. In the second half, we examine Murray Bookchin's conception of “dialectical naturalism” as a more thorough engagement with the human/nature relation that surpasses Marcuse's late engagements with ecologism. In particular, we offer critical reflections on the concept of “nature” in the contemporary ecology movement and illustrate how dialectical naturalism is capable of not only transcending dualistic conceptions of “man/nature” but in expanding our awareness of the potentialities of history along what Bookchin terms the “libertory pathways” to a restorative relation between human “second nature” and biological “first nature”. We posit that systemic, interconnected and accelerating ecological crises (climatic, biospheric and oceanic) form the objective and absolute contradiction of contemporary global social life that compels an awareness of the potentialities of an ecological society. Only through this awareness can we break through the reified “solutions” that have often plagued the ecology movement, bringing about the urgent social and ecological transformation that our species requires for its liberation and long‐term survival.     

Neoliberal Capitalism and Conservation in the Post‐crisis Era: The Dialectics of “Green” and “Un‐green” Grabbing in Greece and the UK

“Green‐grabbing”, in which environmental arguments support expropriation of land and resources, is a recognized element in neoliberal conservation. However, capitalism's strategic interest in promoting the neoliberalization of conservation is accompanied by attempts to exploit hitherto protected natures without any pretence at “greenness”. In this paper we explore the dialectics between “green” and “un‐green” grabbing as neoliberal strategies in the reconstruction of nature conservation policies after the 2008 financial “crash” in Greece and the UK. In both countries, accelerated neoliberalization is manifested in diverse ways, including initiatives to roll back conservation regulation, market‐based approaches to “saving” nature and the privatization of public nature assets. The intensification of “green” and “un‐green” grabbing reflects capitalism's strategic interest in both promoting and obstructing nature conservation, ultimately leaving for “protected natures” two choices: either to be further degraded to boost growth or to be “saved” through their deeper inclusion as commodities visible to the market.     

Extracting Value from the City: Neoliberalism and Urban Redevelopment

How do states make the built environment more flexible and responsive to the investment criteria of real estate capital? Spatial policies, such as urban renewal funding for slum clearance or contemporary financial incentives, depend on discursive practices that stigmatize properties targeted for demolition and redevelopment. These policies and practices have become increasingly neoliberalized. They have further distanced themselves from those “long turnover” parts of the city where redevelopment needs are great but where the probability of private investment and value extraction is slight. They have become more entwined in global financial markets seeking short–term returns from subsidized property investments. They have shifted their emphasis from compromised use values (embodied in the paternalistic notion of “blight”) to diminished exchange values (embodied in the notion of “obsolescence”). I argue that obsolescence has become a neoliberal alibi for creative destruction and, therefore, an important component in contemporary processes of spatialized capital accumulation.     

Neoliberal Urbanization in Europe: Large–Scale Urban Development Projects and the New Urban Policy

This paper summarizes the theoretical insights drawn from a study of thirteen large–scale urban development projects (UDPs) in twelve European Union countries. The project focused on the way in which globalization and liberalization articulate with the emergence of new forms of governance, on the formation of a new scalar gestalt of governing and on the relationship between large–scale urban development and political, social and economic power relations in the city. Among the most important conclusions, we found that: ?Large–scale UDPs have increasingly been used as a vehicle to establish exceptionality measures in planning and policy procedures. This is part of a neoliberal “New Urban Policy” approach and its selective “middle — and upper–class” democracy. It is associated with new forms of “governing” urban interventions, characterized by less democratic and more elite–driven priorities. ?Local democratic participation mechanisms are not respected or are applied in a very “formalist” way, resulting in a new choreography of elite power. However, grassroots movements occasionally manage to turn the course of events in favor of local participation and of modest social returns for deprived social groups. ?The UDPs are poorly integrated at best into the wider urban process and planning system. As a consequence, their impact on a city as a whole and on the areas where the projects are located remains ambiguous. ?Most UDPs accentuate socioeconomic polarization through the working of real–estate markets (price rises and displacement of social or low–income housing), changes in the priorities of public budgets that are increasingly redirected from social objectives to investments in the built environment and the restructuring of the labor market. ?The UDPs reflect and embody a series of processes that are associated with changing spatial scales of governance; these changes, in turn, reflect a shifting geometry of power in the governing of urbanization.     

The Istanbul Modern Art Museum: An Urban Regeneration Project?

Abstract

In the 2000s, contemporary art institutions have flourished in Istanbul. New museums (mostly private) and art galleries have been created; biennials and fairs of contemporary art have attracted a growing number of visitors. To what extent could this fostering of culture be linked with the “Bilbao effect”? To what extent are the promoters of these cultural investments betting on economic development and urban regeneration through these projects? Focusing on the Istanbul Modern Art Museum (IM), this article analyses the process of its creation and its potential impact on its environment. It argues that the development of culture investments in modern arts in Turkey is mainly due to the private initiatives of large industrial groups and the wealthiest families, most of the time with political support. More than the expected economic impact of cultural investments, the main reason for these public–private collaborations is the symbolic dimension that contemporary art provides to a country which strives to be perceived as modern, developed and European. From the IM to Istanbul European Capital of Culture 2010, cultural investments are a means of strengthening an international image in the context of the “membership” negotiations between “Turkey and the European Union”.     

The Mythical Shapeshifting of Capital and Petrification of Labour: Deepening Conflict on the Agrofuel Frontier

In the great civilisations of the past, shapeshifting promised a restoration of order in turbulent times in return for the deference of loyal subjects. It was a strategy of the powerful to maintain advantage and could also be used to bind opponents to an undesired form. This study finds its resonance in the contemporary shapeshifting that is the supposed transition from the fossil fuel economy. With reference to the fusion of oil, grain and sugar companies in Brazil's ethanol sector, it explores how amidst economic, environmental and political insecurity these “old villains” of the carbon economy have fused and emerged as the “new heroes” of the green economy. Accounts of dissenting rural subjects, however, unveil the mythical nature of avowed social gains from this shapeshifting. Amidst rural conflict and a successive weakening of regulation, it becomes evident how their petrification, in a metaphorical and increasingly literal sense is required.     

‘Green cities’ going greener? Local environmental policy-making and place branding in the ‘Greenest City in Europe’

A growing number of cities around the world have taken advantage of their green image of the purpose of place branding. In the research literature, it is suggested that these practices are motivated by place-based competition over financial and social capital, combined with more holistic motives of sustainable urban development. However, although an increasing number of green cities are engaged in place branding, few studies have researched the impact of place branding on environmental policy-making in a city, building up to the question: how is local environmental policy-making affected by green place branding? Addressing this issue, this paper critically investigates how the continuity of local environmental policy-making is affected by place-branding practices. To tackle this task, the paper firstly develops an analytical framework aiming to understand how green cities emerge and become famous based on their policy-making. Secondly, using that framework, this paper present an in-depth case study of a city branding itself as the ‘Greenest City in Europe’. Drawing on the growing body of work on green cities, this paper investigates the ‘understudied’ practice of using policy for the purpose of place branding as well as the impact of place branding ‘on the environment’.     

Public debt and financial crises in the twentieth century

The costs of wars have been the main driver of public debt in the Western World during the modern era. The late twentieth century stands out as a period that saw a pronounced increase of government debt to GDP ratios in peacetime. This paper assesses the role that financial crises have played in shaping the public debt trajectory in the twentieth century. Focusing on the experiences of 14 industrial economies, I show that financial crises have long and lasting effects on public finances. I provide evidence that the costs of financial crises have increased strongly in the second half of the twentieth century and that the costs of financial crises grow with the size of the financial sector. In many countries, the rising costs incurred from stabilizing the economy after financial crises were an important cause of the peacetime surge of public debt ratios in the late twentieth century. In today's highly financialized economies, financial crises have become a key risk for public finances.     

Literature,crisis, and Spanish rural space in the context of the 2008 financial recession

ABSTRACT

The novelistic production related to the 2008 financial crisis has been partially studied from the lens of the label of “literatura de la crisis.” In this article, I analyze the complex and essential transformations suffered by literary writing practices in contemporary Spain where ill attention has been devoted to the social, political, and aesthetic implications of neoliberal globalization in rural areas. Departing from a thorough conceptualization of the notion of “literatura de la crisis” and its paradoxical impact over the most recent literary production, I study the rural discourse and the emerging academic challenges for the assessment of the rural experience in literary works. In conclusion, I set the main principles for the development of a transposable model of textual analysis that will shed new light on the cultural representation of the rural sphere in the aftermath of the 2008 financial recession.     

Seeing Green in San Francisco: City as Resource Frontier

The early 21st century witnessed a boom in green building in San Francisco and similar cities. Major downtown property owners and investors retrofitted office towers, commissioned green certification, and critically, explored how greening might pay. Greening initiatives transcend corporate social responsibility: they represent a new attempt to enclose and speculate upon “green” value within the second nature of cities. However, this unconventional resource discovery requires a highly partial view of buildings’ socio‐natural entanglements in and beyond the city. I illuminate these efforts and their obscurities by exploring the experience of an exemplary green building in San Francisco, an office tower that has successively served as a headquarters organizing a vast resource periphery in the American West, a symbol and driver in the transformation of the city's own second nature, a financial “resource” in its own right, and most recently, an asset in an emerging global market for green property.     

“Much in Blood and Money”: Necropolitical Ecology on the Margins of the Uganda Protectorate

Increasingly, political ecologists invoke the concept of “green grabbing” to refer to the ways in which processes of accumulation by dispossession articulate with various imperatives for environmental protection. This paper traces these contemporary processes to their roots in the colonial era, focusing on how dispossession in the name of environmental protection intersects with complex historical geographies of state formation and internal territorialisation. Drawing upon the case of Mount Elgon in Britain's Uganda Protectorate, in particular, we reconstruct the ways in which the interrelated “birth” of both conservation and transcontinental agrarian markets were intimately connected to the emergence and normalisation of the colonial state itself. In doing so, we propose the term necropolitical ecology as a framework to encompass the ways in which contemporary “green grabs” partially emerge from racialised modes of colonial appropriation, the violence of which often still lingers in agencies and institutions of environmental governance in the contemporary postcolony.     

The Politics of Crisis: Deconstructing the Dominant Narratives of the Housing Crisis

This paper considers how dominant narratives of the housing crisis, since the 2008 banking crisis in England, have been created and what actions taken in its name. The paper deconstructs the term “crisis”, highlighting that its meaning has evolved from a critical moment to a protracted narrative which must be understood historically. Through discourse analysis into housing and party political policy, media and think tank reports, we argue that the employment of housing crisis by the government and others perceives it as an outcome of housing supply constraints and over-regulation—narratives that have justified subsequent policy actions aimed at propping up the housing and financial systems, opening new avenues for housing commodification, deregulation and financialisation and reproducing crisis anew. However, we note that these narratives can also break down and space can be created for the articulation of new narratives which refocus housing crises as emerging from inequality and class divisions.     

Emissions Trading,New Enclosures and Eco‐Social Contestation

Abstract: The central operating strategy within the 1997 Kyoto Protocol and most of the advanced capitalist world's environmental policy is to address climate change through the market mechanism known as emissions trading. Based upon government issuance and private trading of emissions reductions credits and offsets, this approach quickly rose to $135 billion in annual trading. But in the wake of the collapse of climate negotiations in Copenhagen and a world financial crisis which undermined market faith in derivative investments, carbon trading has an uncertain future. Linkages between deep‐rooted financial market and emissions market problems are revealing in spatio‐temporal terms, especially in the context of a deeper overaccumulation crisis and investors’ desperate need for new speculative outlets. It is in the nexus of the spatial and temporal aspects of carbon financing amidst resistance to “new enclosures” by adversely affected peoples, that broader‐based lessons for global/local environmental politics and climate policy can be learned.     

Urban Development and Cultural Policy “White Elephants”: Barcelona and Valencia

The importance of culture in defining new models of local development has been increasingly emphasized. However, less attention has been paid to the influence of local development models on local cultural policy. This article will focus on analysing two cities that have used culture as a central element in their economic and urban development. In both cases, they have followed different strategies but the two have finally finished generating two “white elephants”: the Universal Forum of Cultures in the case of Barcelona and the City of Arts and Sciences in the case of Valencia. From a comparison of the two cases, the paper analyses the causes of this urban phenomenon, which combines cultural legitimation, wasteful investments, financial and social unsustainability and, last but not least, corruption. These four characteristics of cultural white elephants express the depletion of a neoliberal city model based on real estate speculation and tourism, which de facto relegates culture – in spite of discourses about social cohesion and sustainability – as an instrument of urban branding and elite socio-economic domination.     

Radical Environmentalism and “Commoning”: Synergies Between Ecosystem Regeneration and Social Governance at Tamera Ecovillage,Portugal

This article explores the scope and limitations of Radical Environmentalism as a source of practices of “commoning”. The application of the radical environmental “Healing Biotope” model in Tamera, an ecovillage located in southern Portugal, further expands the understanding of “commoning” as a social process, as well as of Radical Environmentalism as a cognitive framework. This article distinguishes between the technical and political dimensions of “commoning”. It also identifies two structuring dimensions of Radical Environmentalism, hereby called integrative rationality and the experiential action research and learning methodology. These dimensions support the technical aspect of “commoning” in Tamera by promoting epistemic and methodological coherence between social and environmental technologies. Despite their contested scientific validity, they contribute to the sustainability of the project by promoting synergies between ecological regeneration and social governance. However, they have limited capacity to address the political dimension of “commoning”, related with rank and socio‐economic inequalities among members.     

Urban Neighborhoods as a National Resource: Irreversible Decisions and Their Equity Spillovers

The differential timing and pace of private versus public sector disinvestments in declining neighborhoods have some positive spillovers for their residents. Public services are not withdrawn or reduced as rapidly as private investments and the opportunity is preserved for future redevelopment or rehabilitation. This “public service bonus” is vulnerable, however, during periods of austerity and general retrenchment. During such crises, the pressures to rationalize service provision are able to overcome local political and bureaucratic resistance to service reallocations. The analysis is based upon the investment theory literature dealing with irreversible decisions and is exemplified by the reallocation of services in New York City's declining neighborhoods during the past decade.     

Gender,Risk and Micro‐financial Subjectivities

Abstract: This article analyses the gendered contradictions of microfinance's celebrated “double bottom line” of social and financial impact. The example of microfinance is used to illustrate the gendered and colonial constructions of “risk” and “responsibility” that underpin neoliberalism and its gendered paradoxes. After revisiting the discursive critique of these terms, I draw on how indigenous women participating in a microfinance institution in Bolivia describe their experience to suggest how gendered ideas of risk and responsibility are framing their negotiation of and resistance to the market. While the gendered and colonial construction of risk creates dynamics that perpetuate indigenous women's exclusion from the market, the terms of the resistance and use of the intervention also challenge feminist critiques of neoliberal governmentality developed mostly with reference to advanced modernity and welfare regimes.