Against Value: Accumulation in the Oil Industry and the Biopolitics of Labour Under Finance

Current theses on the financialization of capitalism postulate a shift from investment in material growth to financial channels, with the implication that the extraction of value from the labour process is no longer the central locus of corporate profitability and that the antagonism between labour and capital in the accumulation process has been displaced by the tension between corporate managers and financial markets. This article challenges both claims of financialization and its political implications. Using an analysis of the oil industry in the US, focusing particularly on layoffs, I argue that, instead of inhibiting material accumulation, financialization signals a change in the form of investment that has led to the intensification of labour and its deepening subsumption under capital, transcending labour exploitation and extending the sovereignty of capital over the life of living labour.     

Constructing Poverty Trends in Uganda: A Multidisciplinary Perspective

In late 1999, apparently contradictory pictures of what was happening to poverty in Uganda emerged from the Participatory Poverty Assessment (PPA) and the household survey. This article analyses certain conceptual and methodological characteristics of the PPA and the pictures of poverty trends arising from it, with a view to dispelling confusion and to better understanding the relationship between these and the pictures emerging from survey data. It argues that the apparently contradictory visions, when explored carefully, are found to be compatible, and concludes that deeper and less oppositional understandings of the purpose of PPAs vis‐à‐vis surveys for poverty assessment are an important and timely contribution to current research and knowledge about poverty.     

Empires ancient and modern: strength,modernity and power in imperial ideology from the Liberal period to Fascism

This article examines the image of Empire developed in public discourse in Italy during the late Liberal period and Fascism by placing it in the context of representations of the British Empire, with which Italian imperial ambitions were compared. There is a continuity in seeing the British Empire as the expression of industrial and commercial modernity and its resultant strength, but what in the Liberal period was seen as an unparalleled superiority became under Fascism a supremacy acquired in a particular period but now exhibiting signs of decline, which Fascism should contest and surpass. Admiration of the British was mixed with disparagement: key figures expressed a competitive resentment towards Britain and its dominant international position, seeing it as the epitome of ‘modern’ imperial power against which Fascism was destined to be measured. In the 1930s signs of the British Empire's decline were sought, developing the idea in Gibbon's Decline and Fall of the Roman Empire that British domination would also rise and fall, and announcing the replacement of the ‘British order’, founded on commercial modernity and the strength of money and capital, by Fascism's new civilisation, with its authentic heritage of imperial romanità. This competitiveness towards Britain, which historiography has principally seen as a component of foreign policy (as was clear over Ethiopia), has additional significance when seen as an element of political culture that relates to the concept of the State. The autonomy and strength of the State were an important feature of Fascism's self-representation and of its legal culture, and in this light the possession of an empire came to be seen as an essential aspect of statehood and power.     

Workers,Unions and the State: Migrant Workers in China's Labour‐intensive Foreign Enterprises

Migrant workers present a new challenge both to China's increasingly diversified industrial relations and to its state–society relationship, especially vis‐à‐vis China's developmental state. Through an examination of the situation of migrant workers in the country's labour‐intensive foreign investment enterprises, this article argues that it is difficult to establish tripartite industrial relations in China and that pluralistic labour organizations will not easily develop into civil society type labour entities. China's developmental state is in an ambiguous process in redefining its role. Its ability to micro‐manage society is weakening substantially. However, its developmental character at the macro‐level largely remains strong, allowing it to continue to restrict progress towards civil society. The future will ultimately depend on a collective determination by key players — the workers, unions and the state — to find a compromise.     

Punishment Policy in the American States from 1890 to 2008: Convergence,Divergence, Synchronous Change,and Feed‐Forward Effects

This analysis of the patterns of change in the use of incarceration by the American states from 1890 through 2008 focuses on multiple themes particularly relevant to an understanding of policy arenas in which the social constructions of target populations play an important role. Specifically, the study examines whether the states have adopted more similar incarceration levels over time (converged), whether they tend to change in the same direction at the same time (synchronous change), and whether they tend to stay in the same relative positions vis‐à‐vis one another, such that the historical policy position has long‐term implications for later policy positions (“feed‐forward” effects). The results indicate that, in spite of a century of social, political, and economic integration, the policy positions of the states have not exhibited a sustained convergence toward a common level of incarceration, but have undergone cycles, with some periods of convergence followed by periods of divergence. Change has generally been synchronous—as states tend to move in the same direction at the same time as if propelled by national forces even though incarceration levels are determined by state and local policy and the use of discretion by criminal justice officials. The results also indicate a profound “feed‐forward” effect in that the position of the states vis‐à‐vis one another historically has substantial predictive power for their position in subsequent years.     

A Brave New World,or the Same Old Story with New Characters?

Capitalism has always been a global system, but not in fixed ways. Different national powers have emerged and become dominant over the centuries, but the fundamental processes underlying the uneven development of global capitalism have not altered; they continue to be driven by imperialism — the struggle of large capital over economic territory of various kinds. Since the late 1960s, only the East Asian region has shown notable increases in its share of global GDP, and for the last two decades this has been dominated by the rise of China. This is directly related to the ability of the Chinese state to control the economy and to implement heterodox policies with very high investment rates. However, the Chinese case is exceptional: few other developing countries have followed a trajectory anything like that of China. Meanwhile, internal inequalities have increased across the world, as the bargaining power of capital vis‐à‐vis labour has increased dramatically in every country. This reflects the changed form of 21^st century imperialism, which relies increasingly on the international legal and regulatory architecture as fortified by various multilateral, plurilateral and bilateral agreements that establish the hegemony of global capital in different ways.     

Changing partnerships: Firms and the French state

Lindblom's hypothesis that in market‐oriented systems businessmen predominate over statesmen is tested in relation to the way French firms have switched partners since the 1980s. Instead of a dirigiste—style special relationship with government, they have formed multinational partnerships. The implications of the new competitive context, under the pressure of delocalisation panic, are considered, prior to the examination of the effects of nationalisation and privatisation on the national identity of firms. The virtual bankruptcy of Crédit Lyonnais is examined as an example of state‐dependent capitalism, and the impact of EC competition policy is considered. The partial industrial disengagement by the French government in favour of market competition reinforces the applicability of Lindblom's hypothesis to the relations between firms and state in France.     

The Age of Environmental Impasse? Globalization and Enviromental Transformation of Metropolitan Cities

Metropolitan cities are undergoing a major spatial and environmental transformation. The proliferation of business districts, corporate headquarters and international hotels is prompting a massive verticalization and densification of land use, which is affecting the urban environment and infrastructure in a number of ways. Nowhere are urban environmental pressures so accentuated as in Third World metropolitan cities. Here the rush to gain a competitive edge in the global economy, in order to attract multinational firms and become a ‘global city’, is leading to an inconsistent urban policy framework in which development policies frequently clash with environmental policies. This article explores the environmental complexity of Third World metropolitan cities, focusing on the cases of Beijing and São Paulo. After a conceptual review of the relationship between globalization, cities and urban environmental problems, it examines how globalization is prompting spatial and environmental transformations in both cities; looks at the dichotomy between development policies and environmental policies by analysing the instruments in place; and investigates the role of globalization vis‐à‐vis urban sustainability issues.     

Russia's European policy under Medvedev: how sustainable is a new compromise?

This article argues that Dmitry Medvedev's term in office, despite the continuity in Russia's foreign policy objectives, brought about a certain change in Russia's relations with the European Union and the countries of the Common Neighbourhood. The western perceptions of Russia as a resurgent power able to use energy as leverage vis‐à‐vis the EU were challenged by the global economic crisis, the emergence of a buyer's market in Europe's gas trade, Russia's inability to start internal reforms, and the growing gap in the development of Russia on the one hand and China on the other. As a result, the balance of self‐confidence shifted in the still essentially stagnant EU–Russian relationship. As before, Moscow is ready to use all available opportunities to tighten its grip on the post‐Soviet space, but it is less keen to go into an open conflict when important interests of EU member states may be affected. The realization is slowly emerging also inside Russia that it is less able either to intimidate or attract European actors, even though it can still appeal to their so‐called ‘pragmatic interests’, both transparent and non‐transparent. At the same time, whereas the new modus operandi may be suboptimal from the point of view of those in the country who would want Russia's policy to be aimed at the restoration of global power status, it is the one that the Kremlin can live with—also after the expected return of Vladimir Putin as Russia's president. Under the current scheme, the West—and the EU in particular—does little to challenge Russia's internal order and leaves it enough space to conduct its chosen course in the former Soviet Union.     

Strategizing for Autonomy: Whither Durability and Progressiveness?

What should autonomous formations work towards? How might they strategize to get there? This paper considers these what and how aspects in tandem—a necessary pursuit if clearer pathways to emancipation are to be realized. First, it conceptualizes the relationship between objectives of durability and progressiveness. I introduce “the durability trap”, a situation whereby autonomous formations achieve durability at the expense of their progressiveness, as well as the principles to overcome this. Second, it evaluates how autonomous formations might act collectively and vis‐à‐vis the state to achieve, or not, both durability and progressiveness. I compare the strategies two autonomous formations adopt in response to the development of Media Spree, a redevelopment project in Berlin. I show how symbiotic strategy results in the durability trap and how an interstitial approach works to overcome this. I end by conceiving strategies of interstitiality, symbiosis and rupture as sequential steps to wider transformation.     

NATIONALIZING HISTORY AND THE CHALLENGE OF DISCORDANT TEMPORALITIES1

Christopher Hill's National History and the World of Nations reminds us of the conjunctural moment of an emerging world market in the latter half of the nineteenth century and the promise it offered for vitalizing a “world history” yet to be written. More importantly, it supplies the silhouette of a radically different interpretive approach, formed by the force of a centrifugal perspective that—through its concentration on how France, the United States, and Japan were simultaneously motivated to construct representations of self‐identity in national narratives—converged to disclose the possibility of a wider world no longer held hostage to the geopolitical category of the “West.” Hill's account shows that the impulse behind the formation of national history employed different strategies to imagine a singular linear historical narrative of national identity that aimed both to remove the spectacle of coexisting, different, multiple temporalities and to weld large and regionally disparate populations into a single people who, in a new time, would be instructed to recognize themselves in the nation's story. In Hill's reckoning, national history in France, the United States, and Japan appears simply as another name for historical necessity that sought, through processes of naturalization and nationalization, to overcome the unstable and uneven relationship between state and capital but that failed to conceal the deeper reality of determinations demanded by the relations of capital at the local and international levels.     

Alister E. McGrath,A Scientific Theology

Abstract

One of the more interesting points of contention between Slavoj ?i?ek and John Milbank in their recent debate, The Monstrosity of Christ, is over the nature and status of belief in the supernatural. For ?i?ek belief in the supernatural is an ultimate symptom of capitalist domination; for Milbank it is a sign of the reality of the elusive promise of a world whose beneficence exceeds both the imagination and the administrative powers of empire and capital. I contend that even without Milbank's orthodox perspective, ?i?ek's reduction of magic to fantasy obscures the black magic of capitalism itself and so arbitrarily and unnecessarily forecloses on modes of resistance that are allied to liturgical, theurgical, and spiritual practices.     

Profitability or Industrial Relations: What Explains Manufacturing Performance across Indian States?

This article begins with a critique of the well-known claim by Besley and Burgess concerning the negative impact of labour regulation on organized sector manufacturing performance in India. In the second part of the article, the authors use a state-level panel data set for the period 1969–2005 to analyse the relative importance of profitability (rate of profit as a percentage of the total replacement cost of capital stock) and industrial disputes (man-days lost to all industrial disputes as a percentage of total workers employed) to explain cross-state variations of manufacturing performance in India's organized sector. Using three different measures of manufacturing performance — net value added, investment and employment — they find that profitability is more significant than industrial disputes in explaining the variation of manufacturing sector performance across Indian states. The findings presented here therefore question the uncritical acceptance of Besley and Burgess's results in the literature on labour regulation.     

Privatization: Property and the Remaking of Nature–Society Relations Introduction to the Special Issue

Abstract: The Western Alaska Community Development Quota (CDQ) is an economic development program that allocates a portion of regional fisheries to groups representing poor, mostly indigenous people of western Alaska. The CDQ groups lease their quota to industrial fish firms and reinvest their revenues back into the fishery. In this way, quota becomes a form of property used for capital accumulation. The CDQ is conceptually confusing because it appears as neoliberal privatization and as redistribution motivated by social justice. Rather than choosing between these, this paper argues that quota‐as‐property brings together these seemingly opposed goals. Once the idea of property is expanded to include interdependence and reasons for property relations, it is possible to see that privatization in the CDQ embodies multiple logics without being incoherent. The paper concludes that the complex social relations of property open up space for identifying diverse practices within neoliberalism.     

The nation,the élite and the Southeast Asian antiquities trade: With special reference to Thailand

Abstract

The dealings that the Thai nation state has had with archaeological sites and antiquities appear to fit at least as well within the framework of antiquarian collecting as within that of modern archaeology. It is argued that this reflects the potential that sites and antiquities have to function as cultural capital. Citing Pierre Bourdieu, it is proposed that there is a commonality of interests between the state and the many private collectors among the Thai elite and that this derives partly from the emphasis that is placed on the display or performative potential of sites and antiquities. An appreciation of how antiquities function as cultural capital is surely a prerequisite for any successful effort to counter the looting of sites and the illegal trade in antiquities.

‘There is an economy of cultural goods, but it has a specific logic.’[1]     

From Homo economicus to Complex Subjectivities: Reconceptualizing Farmers as Pesticide Users

Abstract: Through empirical analysis and theory, this paper critiques technocratic regimes of protection vis à vis pesticide use, which are efforts limited to technical rationality and didactic communication of pesticide risks that model pesticide users as self‐responsible individuals (ie Homo economicus). Data reveal that knowledge of pesticide risk does not translate into greater protective gear use, within the Costa Rican case presented and more broadly. This circumstance, across first and third world contexts, leads me to develop a more holistic conceptualization of farmers’ subjectivities that highlights numerous constraints—informational, political economic, cultural, individual, and environmental—to which farmers are subject. This conceptualization reveals the inadequacy of most efforts to address farmers’ protective gear use, and leads me to propose a multi‐tiered solution to pesticide problems, including an industrial hygiene approach and fostering subjectivities through participatory research involving pesticide users.     

The Impact of Public Capital Stock on Regional Convergence in Turkey

The effect of public capital on regional output and private sector productivity has been the subject of considerable research in the field of regional development literature. However, there have been only a few studies that develop linkages between public capital and regional economic convergence. This study examines the dynamic effects of public capital and transportation capital stocks on output per capita in terms of regional convergence in Turkey at NUTS 2 level. A conditional convergence model based on per capita gross domestic product and per capita public capital and transportation capital stocks is estimated using the panel data set for the Turkish regions for the time period of 1980–2001. The results reveal that public capital has a positive and significant effect on output per capita and thus on regional convergence in some of the models in the Turkish regions,. However, the transportation component of public capital stock has a negative effect on regional convergence in all models employed in the study. This implies that transportation capital stock leads to larger regional disparities between the Turkish regions.     

Getting the China Story Right: Insights from National Economic Censuses

Two Hong Kong-based geographers critically interrogate competing interpretations of the nature and dynamics of China's ongoing economic transformation. Based on the data gathered from China's first and second national economic censuses, they examine the pattern and process of ownership transformation in the Chinese economy, focusing on employment, capital assets, and output as well as productivity and industrial innovation. Emphasis is placed on the following critical issues: (1) after three decades of opening, China's national economy continues to be dominated by domestic enterprises (with foreign and overseas Chinese-invested enterprises limited to only a few industrial sectors and highly specific locales); (2) the bulk of capital assets and key large-scale industrial sectors remain in state ownership; and (3) spontaneous, bottom-up privatization of the labor market has occurred without a corresponding privatization of the capital market. In examining these and other issues, the authors argue that the evolving, complex "China story" can be better understood only after abandoning reliance on preconceived theoretical models derived primarily from Western experience. They support their case by first challenging the conventional neoliberal view of privatization as an independent force or predetermined condition, arguing instead that it is conditioned by prevailing social and political influences. Likewise, they posit that rapid expansion of private and individual businesses at the grassroots level has owed more to relaxed state control than to active state involvement envisioned by the thesis of state corporatism. Journal of Economic Literature, Classification Numbers: E22, E23, E24, O11, P20. 8 figures, 6 tables, 87 references.     

Renewal through Culture? The Role of Museums in the Renewal of Industrial Regions in Europe

Abstract

Bilbao has become a role model for the regeneration of declining urban and industrial regions. The debate on the so-called Bilbao effect showed that rundown industrial cities and regions might profit from culture-based development strategies, even if successful urban regeneration cannot be induced by only one flagship project without an appropriate local and regional context. Based on the comparative analysis of six, in general recently founded, museums in five countries (Guggenheim Museum Bilbao; Louvre in Lens; Centre Pompidou in Metz; Istanbul Modern Art Museum; Museum Folkwang in Essen; Museum of Natural History in Florence), the authors of this special issue discuss the role of these museums in building the image and the attractiveness of their local and regional environment, the cross-fertilization of ideas and the integration of a region in global circuits and networks. Museums can play an important role in building up “social capital”, creating networks between different professionals, groups, sectors and segments of society, bridging diverse social backgrounds, lowering coordinating costs for individuals and businesses, and increasing the capacity of firms to reconnect.