The allure of global games for 'semi-peripheral' polities and spaces: A research agenda

Exploring the increasing propensity of 'semi-peripheral' polities and spaces to host major games as a pivotal strategic response to the exigencies of globalisation, it is contended that pursuing such events is intimately connected to the perceived expansion of 'marketing power' on the one hand, and to the legitimisation and celebration of conceptions of national identity and political orders, on the other. Given that various contingencies bear upon these sought-after outcomes, this analytical framework underscores the significance of questions about global inequality, power and identity to explain the apparent allure of global games. Hence, to determine whether major games deliver the kind of benefits proclaimed by proponents, requires asking questions about (1) identity building and signalling; (2) development and (3) political liberalisation and human rights.     

Germany: a good model for Labour Party renewal?

The policy debate within the British Labour Party after its traumatic electoral defeat in 2010 has been marked by a concern with Germany's system of economic governance as a potential model for renewal. The desirability of emulating key aspects of its institutions of economic democracy (codetermination) has been a particular subject of debate. This article analyses the source of Germany's attraction for many would-be reformers in the Labour movement. It then examines whether emulating German codetermination is either a feasible or appropriate strategy for Labour reformers whose goal is to rebalance power between capital and labour. Codetermination is deeply embedded in a wider set of governance institutions that have been subject to substantial reform in recent years. It concludes that effective institutional borrowing from Germany would require a far broader and more radical set of economic governance reforms than Labour reformers appear to recognise.     

A critical discourse analysis of 2008 advertising campaigns against software piracy in South Africa

Abstract

This article examines the discursive landscape of anti-piracy campaigns run by the Business Software Alliance (BSA) on behalf of major global software companies. Using semiotic techniques, rhetorical analysis and critical discourse analysis, the article demonstrates the primacy of new capitalism in reinforcing the public understanding of global knowledge economy. But the BSA's strategies and tactics are also found to offer mixed discursive messages, possibly attenuating a major objective of any communication campaign: social behaviour change.     

Reconceptualizing financial innovation: frame,conjuncture and bricolage

Abstract

This article argues for a reconceptualization of financial innovation which, as culprit and victim of the current crisis, is now damned by those who once praised it. But what is financial innovation? The dominant answers from mainstream finance and social studies of finance share variations on a rationalistic view whereby financial innovation is about improving markets or at least extending the sphere of rational calculability. Because improvisation is more important than the dominant perspectives can admit, this article proposes a new concept of financial innovation whose three main elements – frame, conjuncture and bricolage – are indicated by the title of this article. The importance of this problem shift is that it highlights the inherent fragility of this type of intermediary-led financial innovation where things will often miscarry and highlights the need for a more radical rethinking about policy responses to the financial crisis that began in 2007.     

Free software production as critical social practice

Abstract

This paper analyses the phenomenon of free and open source software (FOSS) in the light of Luc Boltanski and Ève Chiapello's The new spirit of capitalism. It argues that collaborative FOSS production by volunteer software developers is a species of critical social practice in Boltanski and Chiapello's sense: rooted in resistance to capitalist social relations, and yet also a source of values that justify the new routes to profitability associated with contemporary network capitalism. Advanced via collective projects that are sustained by hacker norms and privately legislated ‘copyleft’ law, the FOSS ethos is apparently antithetical to private property-based accumulation. Yet it can be shown to embody the ‘new spirit of capitalism’ in its most distilled form; moreover FOSS developers have instituted new forms of property and new modes of profit creation around software that are in the process of being adapted for use in other economic sectors. Meanwhile, the private law constraints on profit-seeking that have emerged from the FOSS movement are counteracting some of the social pathologies that accompany network capitalism only to consolidate others. The paper concludes by identifying likely bases for a renewal of critique given these realities.     

The Swiss business elite (1980–2000): how the changing composition of the elite explains the decline of the Swiss company network

Abstract

In this paper we analyse the decline of the Swiss corporate network between 1980 and 2000. We address the theoretical and methodological challenge of this transformation by the use of a combination of network analysis and multiple correspondence analysis (MCA). Based on a sample of top managers of the 110 largest Swiss companies in 1980 and 2000 we show that, beyond an adjustment to structural pressure, an explanation of the decline of the network has to include the strategies of the fractions of the business elites. We reveal that three factors contribute crucially to the decline of the Swiss corporate network: the managerialization of industrial leaders, the marginalization of law degree holders and the influx of hardly connected foreign managers.     

The Politics of Science and Sustainable Development: Marcuse's New Science in the 21st Century

ABSTRACT

In recent years, debates around development have seen the growing prominence of post-developmentalist proposals, which are driving the anti-capitalist discourse and at the same time serving as a springboard for non-capitalist development proposals. However, the search for an alternative approach to development can disrupt the construction of viable action strategies and dilute important elements of the contributions advanced by the heterodox tradition, mainly Marxist. The aim of this paper is to systematize the limitations of post-developmentalism and articulate a heterodox paradigm that can be measured in tandem with conventional and hegemonic approaches in development studies, such as approaches stressing human development.     

Crisis management and the diversity of capitalism: fiscal stimulus packages and the East Asian (neo-)developmental state

Abstract

This paper contributes to the understanding of East Asian capitalism by investigating the political economy of crisis management in Japan, Korea and China during the global economic crisis. Reacting to the global shock of the economic crisis that began in 2008, East Asian capitalism has remained a distinct state-led model that differs substantially from the liberal, neo-corporatist or welfare state varieties of capitalism in the West. More specifically, this paper studies the fiscal stimulus packages implemented by East Asian countries to address the global financial crisis from 2008 to 2010. We find that East Asian fiscal stimulus packages were comparatively large and supply-side-oriented. Unlike in the West, where a (short-lived) revival of demand-side-oriented Keynesian strategies stimulating consumption could be observed, East Asian countries reinforced industrial policies and supported investment and international competitiveness. We argue that the East Asian variety of crisis management can largely be explained by a path-dependent transformation of the East Asian developmental state into a neo-developmental competition state.     

The Soviet constitution

Text Reviewed:

Pierre et Marie Lavigne Regards sur la Constitution sovietique de 1977, Economica, Collection Politique Comparée, Paris 1979.     

Beyond the Social Market: Rethinking Capitalism and Public Policy

Despite its worthy motives, social market philosophy provides neither a useful analytical framework for understanding modern capitalism, nor the policy tools to address our present economic and social predicament. The concept of ‘market failure’, with its underlying assumption of market equilibrium, does not capture the systemically adverse outcomes of collective market forces. A more sophisticated understanding of capitalist economies, and the societies in which they exist, would recognise that the market economy is a dynamic but not self‐regulating system. It is embedded in, and impacts on, four other economies – of the natural environment, of family and care, of voluntary association, and of the public sector – which operate under different motivations and allocative principles. The role of government is central, to balance the values created by different kinds of institutions and to constrain the dynamic impacts of market forces. A number of policy conclusions are offered arising from this framework.