The intellectual origins of Leninism, 1977

This essay is a general introduction to the special number on recent research on Atlantic history. While the topics here presented are diverse, most focusing on the first French Empire, particularly in North America during the seventeenth and eighteenth centuries, the authors share several common themes: (1) In Africa and the Americas, they seek to view the question of the Empire as a series of contested, temporary, and uncertain alliances and collaborations, in which negotiation rather than submission was most often the basis of power relations; (2) In the realm of political economy in theory and practice, the authors refuse pre-established notions of an Atlantic “community” of commodities and merchants functioning within an Atlantic “system.” Instead, they focus on closed networks of merchants functioning within the dynamics of merchant capitalism. (3) The authors seek alternatives to traditional approaches focusing on the nation-state and its institutions. Instead, they examine communities and regions in the Atlantic that include social elites, such as, merchants, the nobility, the gentry, and intellectuals, as well as neglected native peoples and forgotten spaces such as Africa.     

New books received for review

Abstract

Geological information was first printed in colour on a map in 1820 but serious efforts to print geological maps in multiple colours began in Europe only in the 1840s. Increased geological mapping activity created the need to print more maps by cheaper methods, while general advances in lithographic colour printing provided the means. Better colour registration, transparency, range, permanence and distinctiveness were attained in the 1840s and 1850s by technical innovations and also by new design strategies. Consequently, as printed colour replaced hand colour as the norm, it also influenced the look of the geological map.     

Recent works on Italian capitalism: A review essay

Abstract

Italy's capitalism has traditionally differed from that of its major trading partners: state‐owned enterprises have played a larger role, securities markets have been relatively less developed, while corporate power in the private sector has been concentrated to an unusual extent in the hands of a few family‐controlled business groups. Since the 1970s, Italian big business has seemed unable to steer a new course in an increasingly global economy. When belatedly and under tight budget constraints Italy finally started privatizations in 1992, many hoped that this would bring about a long‐delayed modernization of financial markets, an increase in competitive market pressues, and some ‘democratization’ of corporate power. This article reviews a book edited by Fabrizio Barca which puts these recent experiences into a much‐needed longer historical perspective, and other books offering non‐scholarly views on the present state of Italian capitalism.

Fabrizio Barca (ed.) (1997) Storia del capitalismo italiano (Rome: Donzelli), pp. 1‐634, 60,000 lire, ISBN 88‐7989‐252‐5 hardback.

Filippo Cavazzuti (1996) Privatizzazioni, imprenditori e mercati (Bologna: Il Mulino), pp. 1‐83, 10,000 lire, ISBN 88‐15‐05562‐2 paperback.

Alfredo Macchiati (1996) Privatizzazioni tra economia e politica (Rome: Donzelli), pp. 1‐160, 18,000 lire, ISBN 88‐7989‐254‐1 paperback.

Giuseppe Turani (1996) Isogni del grande nord (Bologna: II Mulino), pp. 1‐138, 15,000 lire, ISBN 88‐15‐05721‐8 paperback.     

‘The Next Wave of Italians Has Come to America’: Italian Investments and Business in the United States, 1980-2013

Abstract

This article examines the economic and socio-cultural impact of Italian investments and business in the United Stated from the 1980s onwards. It investigates flows, networks and ideas that have cut national boundaries and politically-defined spaces. The article argues that the last three decades of Italian investments and business in the USA have re-defined the symbolic space held by Italy and Italians in the American imagination. It also argues that the distinctive Italian contribution to the American business environment lies in the so-called ‘fourth capitalism’ and in the family business aspects of Italian Capitalism.     

The Reputation and Authority of the Speaker and the Speakership of the House of Commons, 1640–60

The speakership during the civil war and interregnum has received scant attention by historians. This article considers the occupants of the Speaker's chair as a group, making some observations about their age and background, including within its scope the short-lived and irregular speakerships of men such as Sir Sampson Eure and Henry Pelham. The popularity of the Speaker within the Commons is found to have depended much on his perceived competence and goodwill, while his reputation in the country at large depended greatly on the unpredictable cut and thrust of political opinion. The speakership of William Lenthall in the Long Parliament is examined in some detail and judged to be exceptional in a number of respects, not least in his grappling with the explosion in the number and power of executive committees. Lenthall's dealings with the press suggest that he was well aware of the uses of print as well as its potential for damage to his reputation. The contemporary allegations of venality aimed at Speakers are examined with respect to individual occupants of the office and are also set in the context of fee-taking by Commons' officials. While this period seems not to have been a particularly important one in terms of lasting procedural innovation in the chamber, it was significant in heralding the possibility of a separation between the person and office of Speaker. The article provides as an Appendix an authoritative list of Speakers in this period.     

Financialisation as Monopoly Profit: The Case of US Banking

Different economic measures afford different ways of seeing processes of financialisation. In the prototypical case of the US economy, the most compelling evidence of post‐1970s financialisation is found in corporate profits measures. This much has been clear for at least a decade. What remains much less clear, however, is the explanation for the long‐term maintenance and amplification of extreme financial‐sector profitability that financialisation in the United States has and continues to entail. With a specific focus on banking, this article turns to post‐Marxian scholarship on profit rate trends to explain this phenomenon. It argues that limited and declining levels of competition within the US banking sector during recent decades—rooted in high levels of industry concentration, collusive behaviour, and substantial entry barriers—have contributed to sustaining and boosting abnormal sectoral profitability. In doing so, the article theorises financialisation in the United States explicitly in terms of monopoly profit.     

Economic outcomes in New Zealand: a varieties of capitalism lens

This article situates New Zealand in the Varieties of Capitalism literature and then uses this theoretical framework to provide a critical analysis of the country’s recent economic under-performance. It argues that while New Zealand is rightly assumed to reflect a near pure example of a free-market Liberal Market Economy, its historical trajectory has been rather more mixed. This has led some analysts to assume that a shift from a ‘Coordinated’ to a ‘Liberal’ Market Economy has occurred, yet the state played a much heavier-handed role in creating and overseeing such apparently cooperative mechanisms than is the case in true coordinated market economies. When the state removed such support structures as the results of pro-market reforms in the 1980s and 1990s, there was a lack of ‘coordination’ altogether in the New Zealand political economy. Businesses, either on a collective or an individual basis, did not step in to perform functions previously delivered by the state. This analysis is applied specifically to the fields of skills formation, or vocational education and training, and research and development, as illustrative examples of this broader critical line of argument.     

The Revolutionary Imperative

Abstract: In the last three decades in the advanced capitalist world, the idea of revolution has largely slipped from political view. The neoliberal moment seemed to smother any political possibility other than capitalism, but with that historical phase now itself fading, it may be a good time to revive the idea of revolution if for no other reason than that revolutions do happen. Certainly, the political right is concerned about the possibility of revolts resulting from the social privation resulting, in turn, from the global economic crisis. This essay attempts to explore and reanimate the notion of revolution, both historically and in the present context.     

Re-Politicising Poverty: Relational Re-conceptualisations of Impoverishment

This collection of essays extends cross-disciplinary conversations between co-authors that began as part of a podcast series by the Relational Poverty Network, “New Poverty Politics for Changing Times”. The authors engage impoverishment as a relation, as an outcome of intersecting political projects of racialised oppression, political-economic injustice and socio-legal control. Across various sites, the collection’s essays trace poverty politics, providing conjunctural and multi-scalar analyses that illuminate the operations of power in producing impoverishment. They direct our attention beyond topics typically associated with poverty studies, showing how processes such as bordering, migrant illegality, racial capitalism and caring community politics intersect in poverty politics today. Our introductory essay argues for a relational poverty analysis that addresses the entanglements of cultural politics, those that produce classificatory schemes, together with political-economic processes that produce various forms of poverty politics in the current conjuncture. We chart thinkable and unthinkable poverty politics across the collection’s essays in order to analyse current hegemonic formations of poverty governance as well as alternative imaginations and actions that are resisting and reworking relations of impoverishment. Ultimately, this collection expands vocabularies and analytical repertoires for understanding the ongoing ways in which impoverishment is produced and resisted, positing relationality as key to re-politicising poverty towards a more just future.     

Documenting the indignation: Responses to the 2008 financial crisis in contemporary Spanish cinema

ABSTRACT

The aim of this article is to analyze two Spanish documentary films that reflect on the 2008 financial crisis in Spain, Mercado de futuros (Mercedes Álvarez, 2011) and No estamos solos (Pere Joan Ventura, 2015). These movies could be marked as political for their choice of a collective protagonist and for dealing with the issues of inequality with the purpose of appealing to mobilization and resistance to the neoliberal Western agenda that have provoked social cutbacks after the 2008 crisis. Mercedes Álvarez and Pere Joan Ventura follow the tradition of political documentaries traced by filmmakers such as Dziga Vertov, Joris Ivens, Pere Portabella, and Basilio Martín Patino and open the debate on how people can contribute to searching for renewal policies in times of crisis.