Growth Critique in the 1970s Crisis and Today: Malthusianism,Social Mechanics,and Labor Discipline

This article examines the perspective on labor in two critiques of “growth” as elaborated in the context of two capitalist crises: the Keynesian model of industrial development in the 1970s, and the neoliberal finance capitalist growth model of today. A landmark event for the first critique was the publication of the “Limits to Growth” report, and for the second the emergence of the “degrowth” theoretical current. Both critiques have a Malthusian point of departure, and their view on overpopulation is accordingly discussed. Comparison between them shows that despite their ecological and supposedly socially and politically neutral point of departure, both bodies of critique examined here—that of the 1970s and the contemporary one—prescribe for labor the obligation of social discipline and acceptance of labor-market insecurity, along with the undermining of welfare rights. First, I argue that there is no such thing as an ahistorical critique of growth, but only critiques of different, case-specific models of growth in each particular instance. Second, I argue that the idea of a steady-state economy that predominates in growth critical programs is incompatible with the process of expansion and continual enlargement inherent to capitalism. Finally, I argue that, in the framework of two different crises, both critiques of growth promoted a vision of social pacification and, on the basis of ecological arguments, justified the preservation of capitalist power relations.     

Appropriating Nature in Crisis-ridden Greece: The Rationale of Capitalist Restructuring,Part 1

The ongoing crisis in Greece constitutes an emblematic case of repressive capitalist restructuring. In this first part of a two-paper series, we argue that public debt is used as a vehicle for furthering the neoliberal transformation of Greek society with serious implications for the appropriation of nature. We present theoretical considerations about nature in capitalism, the rationale of neoliberal capitalist restructuring, as well as the relation between nature and neoliberalism. We finally present the timeline of the Greek crisis, as well as how the three structural adjustment programs wrought a severe capitalist restructuring upon Greece.     

Better by design: Korea's neoliberal economy

Abstract

This paper examines the processes of bank and corporate restructuring in South Korea since the 1997–98 economic crisis, and seeks to highlight how the state has intervened in a highly dirigiste manner in order to expedite restructuring in both the commercial bank and corporate sectors. At the same time it demonstrates the clear neoliberal principles that have underpinned the state's attempts to promote restructuring. The state has shown a clear determination to take action against insolvent firms and financial institutions no matter how large or strategically important they may be, to impose hard budget constraints on key economic actors. Furthermore, the state has actively sought to engineer the sale of key domestic firms and banks to foreign investors. We argue that Korea's efforts to create a functioning neoliberal economy have been largely successful and are functional from the perspective of Korean capitalism, if not the perspective of individual Korean firms. Changes in the global economy in the two decades preceding the 1997–98 crisis imposed an increasingly inescapable pressure on the Korean state to effect a neoliberal transformation and Korea's future as a centre of capitalist accumulation has for some time been bound up with the success of the neoliberal project. In conclusion, this paper seeks to draw out the broader implications of this reading of the post-crisis restructuring programme for debates on global economic liberalization and the future of capitalist diversity.     

The new Korean political economy: beyond the models of capitalism debate

Abstract

A key theme within the literature on the evolution of the Korean political economy since the 1997/8 crisis has been the extent to which Korea remains a ‘developmental state’ or has pursued radical neoliberal reform. These debates have not only reflected a concern with understanding the Korean economy but with a wider set of questions relating to the future of capitalist diversity within a globalized economy. By the late 1980s Korea had come to be regarded as a model of successful state-led late capitalist development. Korean modern economic history has insured that questions relating to the extent that it has pursued neoliberal reform have been of keen interest to students of political economy globally. This paper argues that substantive neoliberal reform has taken place in Korea since 1997. The thesis that a new ‘developmental state’ is in process of consolidating itself is simply wrong. However, the state's reform program interacted with material conditions and political coalitions at the meso level in a complex and uneven manner. In certain critical sectors, such as finance, a neoliberal regulatory regime has been consolidated. In others, such as telecommunications, developmentalist regulatory structures have proven to be highly resilient. In order to fully understand the complexity of the contemporary Korean political economy it is necessary, therefore, to prioritize the importance of meso-level analysis.     

Charismatic Economies: Pentecostalism,Economic Restructuring,and Social Reproduction

Pentecostalism is one of the world's fastest growing religions, expanding most quickly in Latin America, sub-Saharan Africa, and parts of Asia. To make sense of this expansion in so many developing regions, I suggest that Pentecostalism fosters norms and behaviors that harmonize with neoliberal economic restructuring. I frame this theoretically with Polanyi's notion of double movement. In our current era of weakened state governance vis-à-vis neoliberal trade and fiscal policy, non-state sites of reaction have emerged. Pentecostalism is one such site, and, in contrast with Polanyi's example, I suggest that Pentecostalism has embedded the self-regulated aspects of neoliberal capitalism. I make this argument by using the feminist political economy theorization of social reproduction to interpret a number of empirical studies of Pentecostalism. Pentecostalism addresses dilemmas of social reproduction engendered by neoliberalism, and so may be said to embed this form of economic organization in human social life in a way that reinforces neoliberal capitalism.     

Saline politics: Local participation and neoliberalism in Australian rural environments

Participatory approaches to sustainable development have become increasingly popular world‐wide. In Australia, participatory approaches such as landcare and regional catchment management form the basis of rural environmental policy and practice. At the same time, neoliberalist reforms such as market deregulation and withdrawal of state assistance from agriculture have been implemented. Various commentators have suggested that local participatory practices can enable neoliberal reforms by depoliticising rural environmental problems and fragmenting action. This paper explores the intersection of these participatory policy developments and neoliberal reforms through two case studies on the government of salinity in the Hunter Valley, New South Wales. From this work, it is apparent that neoliberal reforms result in competition for resources within the state, the projectisation of environmental action, and a hesistance of the state to allocate resources for broader environmental monitoring. This work demonstrates how the contradictions in these developments can create a chaotic and irrational environmental politics that can result in a repoliticisation of rural environments and opportunities for a more rational and democratic sustainable development practice.     

Imperial subjects,national citizenship,and corporate subjects: cycles of political participation/exclusion in the modern world‐system

This article examines the cycles of political participation/exclusion in modern history. It juxtaposes three cycles of political participation/exclusion—the imperial subject, national citizenship, and corporate subject—with three cycles in the structure of accumulation—the imperialist/colonialist, nationalist, and globalist structures of accumulation. The article argues that the contemporary system of accumulation has dismantled the nation state as the vehicle of economic development and diluted citizenship through neoliberal policies. With eroding state protection, working class people are subordinated to corporations for jobs, consumption, investment, and culture. In order to counter this situation and to achieve emancipation from the capitalist pursuit of profit and rampant consumerism, it is necessary to create alternatives to the contemporary corporate‐dominated system. The article explores sustainable community development as an alternative.     

Containing Environmentalism: Risk,Rationality, and Value in the Wake of the Exxon Valdez

This article revisits regulatory debates about environmental valuation following the Exxon Valdez oil spill to argue that the spill can be seen as a constitutive moment in the rise of neoliberalism. I show that rationalizing environmental values was not simply about applying market rationality to the natural world, but entailed reexamining the nature of that rationality itself and its relevance to social behavior. I then trace the reverberations of these debates beyond the realm of environmental policy, highlighting an underappreciated legacy of the Valdez: the first credit default swap, executed in response to an unprecedented punitive fine leveled against Exxon. Illuminating the linked histories of environmental valuation, corporate environmentalism, and financialization through that event, I argue that environmental valuation is a political problem through which neoliberal strategies for the governance of life (both human and nonhuman) have been forged.     

Constructing a global commons in,against and beyond the state

The “commons” is emerging as one of the progressive political key words of our time. Against a backdrop of continuing neoliberal governance of the global economy, there is interest in a “translocal” global commons as an alternative that transcends both state and capitalist forms of appropriation. In this paper, I offer a constructive critique of the global commons. While sympathetic to arguments about the deficiencies of state-centric forms of socialist projects for emancipation, I nevertheless argue that realizing the commons vision of a more democratic politics means continuing engagement with the state, particularly for connecting up and scaling up local autonomous projects to achieve more transformative social change.     

Going it Alone? The Choice of Political Union in British Politics

This article explores the inter‐related debates over Britain's relationship with the EU and that over the future of the UK. It argues that euroscepticism and Scottish independence are based on exceptionalist identities that now revolve around economic policy. Elite euroscepticism cleaves to a neoliberal vision of minimalist regulation, while advocates of Scottish independence claim Westminster's austerity policies make the British Union incompatible with social democracy. However, this presentation of the choice facing British voters ignores the serious contradictions that overhauling the current order entails. Both forms of exceptionalism fail to recognize the significant limitations of self‐government outside and within the EU. If Conservatives can contain their neoliberal flirtation with EU withdrawal they are very well placed to prosper electorally. The dilemma of which union(s) to choose might thus constitute the prelude to the entrenchment of the economic and political order that gave rise to such contestation in the first place.     

Joseph Stiglitz: The Citizen-Bureaucrat and the Limits of Legitimate Dissent

Since being forced to resign his high-ranking post at the World Bank in 2000 for publicly dissenting from neoliberal ideas, Joseph Stiglitz has become a global policy celebrity, celebrated as the “Rebel Within.” While much has been said about his neo-Keynesian policy framework, little has been done to explore the political significance of his iconic status as a renowned “citizen-bureaucrat.” Yet, Stiglitz's iconic image in many ways has had a greater political impact than his policy ideas. In a world in which government and corporate bureaucracies increasingly squeeze out alternative visions, the citizen-bureaucrat suggests that space still exists within these unwieldy bureaucracies for the independent-thinker to put forward a rebellious agenda. Through an assessment of Stiglitz's policy career, this article argues that the image of the citizen-bureaucrat is, to a large extent, an ideological fantasy that masks a more uncomfortable political reality: that the available options for the “good bureaucrat” in today's neoliberal era, far from expanding, are more narrow than ever before.     

Conditional contraction: Globalisation and capitalist systems

The effect of globalisation on social spending is one of the most intensely studied issues in the political economy literature. Until recently, conventional wisdom held that globalisation leads governments to expand social spending to compensate workers for increasing risk exposure. The latest research shows, however, that globalisation has become strongly associated with spending cutbacks since the late 1980s. This article adds to this research by arguing that the negative impact of globalisation is conditioned on the capitalist system in different countries. In coordinated market economies (CMEs), employers are dependent on the willingness of the workforce to invest in specific skills and therefore become supportive of extensive social spending. Not so in liberal market economies (LMEs), where employers are much less dependent on social spending because the workforce in general invests less in specific skills. Employers in LMEs are therefore likely to use increasing globalisation as a means to push through retrenchment, whereas employers in CMEs are not. This argument is tested in a time‐series cross‐section regression analysis, which clearly supports it.     

“Plug into Choice”? The Trouble with Common-Sense Participation in a Smart Electric Grid

Smart electric grids add digital technologies to the grid. While some suggest that they offer many environmental and social benefits, others remain critical and call them a neoliberal project. Considering smart grids a boundary object [Star, Susan L., and James R. Griesemer. 1989. “Institutional Ecology, Translations and Boundary Objects: Amateurs and Professionals in Berkeley’s Museum of Vertebrate Zoology, 1907–39.” Social Studies of Science 19 (3): 387–420], I examine how multiple social groups come together in cooperation and conflict in the installation of one smart grid. In what follows, I first argue that participation is Gramscian common sense (1971), a taken-for-granted good in producing a smart grid. Gramsci points out that common sense can be used to reinforce oppressive ideologies of a hegemonic status quo, but that it also contains “good sense” that can be developed into counter-hegemonic narratives and movements. Second, I argue that in the course of cooperation and conflict, the smart grid indeed becomes more neoliberal, and this occurs through participation. While the utility often seeks or accepts public participation, the meaning of participation gradually becomes limited to individualistic and financially motivated “choice.” In the discussed case, many of the (less neoliberal) social and environmental benefits of the grid and more collectivist forms of participation were precluded. This article offers a grounded examination of a smart grid and a sympathetic critique of common-sense participation.     

Resisting globalization: a study of localism in Thailand

Recent work has suggested that the discontent over perceived negative impacts arising from liberalization and globalization need to be more carefully considered. The critiques emanating from non-governmental organizations and social movements are considered to be amongst the most significant. This paper examines one example of such criticism – localism – that emerged during the economic crisis in Thailand. This example is found to be a variety of populist reactions to the changes and inequalities generated by capitalist industrialization. The paper assesses this critique, its political strength and its potential to provide an alternative economic model for Thailand. While populist localism develops a useful moral argument regarding the impact of neoliberal globalization, it is unable to develop a sound alternative model.     

Ideology,Parties and Social Politics in Europe

This article aims at ‘bringing ideology back in’ for the analysis of party politics and, more specifically, for the discussion of the delicate dyad ‘responsiveness vs. responsibility’. The article starts with an analytical discussion on the concept of ideology and on how to study its adaptation and change. It then reviews the ideological shifts that have characterised welfare state discourse and politics since the 1980s: first, the neoliberal turn and its attack on the old social democratic consensus; then the gradual emergence of a new ideological perspective that is called here liberal neo-welfarism. The main argument is that ideology plays an important role in framing partisan strategies in the delicate and increasingly prominent field of social politics. Ideological change reflects not only exogenous socio-economic transformations but also endogenous and relatively autonomous epistemic dynamics that bridge intellectual and partisan arenas.     

Managing anxiety: neoliberal modes of citizen subjectivity,fantasy and child abuse in New Zealand

The neoliberal direction of social policy under New Zealand’s fifth National government (2008–) is demonstrated in its 2012 White Paper for Vulnerable Children. This document advocates increased monitoring and policing of welfare populations and the downgrading of child protection policy to a technical administrative system for managing ‘risky’ families. The White Paper’s release came soon after the coroner’s report into the deaths of the ‘Kahui twins’, which were treated by the media as a shocking case of child abuse, and exemplified the media’s use of a fantasy of a ‘savage’ Maori welfare underclass in reporting cases of child abuse. Drawing on Isin’s analysis of ‘governing through neurosis’, this article explores how these media and policy discourses reinforce normative patterns of neoliberal citizen subjectivity by offering compelling pathways out of anxiety that re-route citizens’ anxiety over child abuse in support of neoliberal modes of citizen subjectivity.     

The Radical Critique of Economic Inequality in Early American Political Thought

This article examines the ideological roots and historical development of an early radical economic egalitarian tradition in American political thought. It concentrates on a group of thinkers and social critics that were active from the 1820s through the beginning of the Civil War. Inspired by republican themes, they forged a radical critique of the emerging capitalist order and a skepticism of economic modernity. By reworking the republican political notion of an equality of social relations as an essential context for individual liberty, these radical critics posed a challenge to the emerging capitalist order. They would also be unique in the way that they analyzed the workings of this new economic system arguing that it was a mechanism that would systematically reproduce economic inequality eroding republican forms of government and society making them a distinct voice in America's egalitarian tradition.     

From support to pressure: The dynamics of social and governmental influences on environmental law enforcement in Guangzhou City,China

This paper examines how changes in governmental and social influences affect environmental enforcement in Guangzhou city, China, between 2000 and 2006. The paper finds that a form of “decentered regulation” has developed. Regulatory enforcement is no longer the sole affair of the government and the regulatory bureaucracy, but has been increasingly influenced by societal forces. The transformation over time shows the promises and limits of decentered regulation in Guangzhou's dynamic authoritarian setting. Analyzing a set of longitudinal survey data and qualitative interviews, the paper finds that by 2006, the rise of civil society and its increased support for protecting the environment had a double‐edged impact on the enforcement of environmental regulations. The paper demonstrates that on the one hand, by 2006, when government support for enforcement was low, societal forces developed an ability to counterbalance such lack of governmental support and positively influence enforcement. However, it also shows that when government support was high, a concurrent rise in societal support created a negative effect on enforcement. Thus too much societal support can become an enforcement burden.     

Neoliberalism,embedded neoliberalism and neocorporatism: Towards transnational capitalism in Central-Eastern Europe

This article analyses the key features and origins of three variants of transnational capitalism emerging in Central-Eastern Europe: a neoliberal type in the Baltic states, an embedded neoliberal type in the Visegrád states, and a neocorporatist type in Slovenia. These regimes are characterised by their institutions and performances in marketisation, industrial transformation, social inclusion, and macroeconomic stability. Explanations for regime diversity are developed at two levels. First, it is argued that the legacies of the past, and their perceptions as either threats or assets to these countries' future, have had deep impact on regime types. Legacies and initial choices were no less crucial for the degree of democratic inclusion, and the different patterns of protest and patience on the paths towards the new regimes. Second, the article demonstrates the importance of transnational influences in industrial transformation and social inclusion.