TY  - JOUR
T1  - After the crisis: global capitalism and the critique of political economy
AU  - Radice, Hugo
PY  - 2015
DA  - May
JF  - Spectrum: Journal of Global Studies
JO  - Spectrum
PB  - Dış Politika ve Uluslararası İlişkiler Derneği
WT  - DergiPark
SN  - 1308-8432
SP  - 32
EP  - 40
VL  - 7
IS  - 1
LA  - en
AB  - Since the global financial crisis of 2008-9, neoliberalism has proved to be remarkably resilient.Alternatives in economic policy and political philosophy alike have found little resonance,despite street protests and insurgent parties of left and right in countries hit hardest byausterity. This essay focuses on Marxist and related analyses. It is argued first that Marxismhas suffered from a separation between its analysis of capitalism as an economic system, andcontemporary critiques of the political and social order, notably over the question of class.Marxist analyses of class have thus far failed to reconcile the traditional view of a two-classsociety with the complex social differentiations evident in capitalism. It is suggested that theunity of the working class arises not from its subordination to capital as such, but from thedirectly social character of the labour process in its material (use-value) aspect. In order tochallenge capitalism, its critics need to explicitly propose an alternative social order based onequality, social justice, collective action and internationalism.
KW  - Global Capitalism
KW  - Marxist Political Economy
KW  - Class Theory and Class Politics
KW  - Banking Crisis of 2007-2008
CR  - von Braunmühl, C. (1978) ‘On the analysis of the bourgeois state within the world market context’. In J.Holloway and S.Picciotto (eds), State and Capital: a Marxist Debate. London: Edward Arnold, 1978: 160-77.
CR  - Cerny, P.G. (1997) ‘Paradoxes of the competition state: the dynamics of political globalization’, Government and Opposition 32(2): 251-74.
CR  - Clark, T. (with Heath, A.) (2014) Hard Times: the Divisive Toll of the Economic Slump. New Haven: Yale University Press.
CR  - Crompton, R. (1993) Class and Stratification: an Introduction to Current Debates. Cambridge: Polity Press.
CR  - Hay, C. and Marsh D. (1999) ‘Introduction: towards a new (international) political economy?’. New Political Economy 4/1: 5-22.
CR  - Marx, K. (1976) ‘Results of the immediate process of production’, appendix in Karl Marx, Capital Volume 1 (with an introduction by Ernest Mandel). London: Penguin.
CR  - Radice, H. (2009) ‘Neoliberalism in crisis? Money and the state in contemporary capitalism’, Spectrum Journal of Global Studies 1(2): 89-106.
CR  - Radice, H. (2013) ‘Gramsci and neo-Gramscianism: to what purpose?’, in A.J.Ayers (ed.), Gramsci, Political Economy and International Relations Theory: Modern Princes and Naked Emperors, Basingstoke: Palgrave Macmillan, 2nd ed. : 53-73.
CR  - Radice, H. (2014a) Global Capitalism: Selected Essays, London: Routledge.
CR  - Radice, H. (2014b) ‘Class theory and class politics today’, Socialist Register 2015: Transforming Classes, London: Merlin Press: 270-92.
CR  - Soederberg, S. (2010) Corporate Power and Ownership in Contemporary Capitalism. London: Routledge.
CR  - Taylor, M. (2014) ‘Scargill HQ at heart of union rebranding’ The Guardian, 28 August; see http://www.theguardian.com/politics/2014/aug/27/arthur-scargill-num-unite-trade-unionbarnsley.
CR  - Walton, P. and Gamble, A. (1972) From Alienation to Surplus Value. London: Sheed & Ward.
UR  - https://dergipark.org.tr/tr/pub/spectrum/article/430121
L1  - https://dergipark.org.tr/tr/download/article-file/482860
ER  -