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Capitalism Models
Land - Labor - Capital
Production - Consumption - Exchange
Normative
What should be
Positive
What is
Types of Understanding
Normative
Positive
Praxis
Linking theory and practice
Explain the U-Turn in Globalization Discourse
Before:
liberals were against globalisation (concerns of peace, climate, conservation, etc., focused on impacts on Global South)
conservatives were pro globalisation for economic benefits on Global North
Now:
liberals are pro-globalisation
conservatives are anti globalisation (concerns about impacts in Global North, fear of jobs being outsourced/wages cut)
Reasons:
Global North got limited gains in recent era of globalisation
global upper middle class + poorest 5% of worlds population lost most
increased global trade has played role in economic stagnation + decline for people in the north
Hermeneutic Hypothesis
scientists are inside the experiment, and part of the world
no pure subjectivity or objectivity
Social Hypothesis
we are not abstract individuals, inter-related, we are a product of our interactions
Structural Hypothesis
relations are shaped by subterranean structures
ex. racism, capitalism
Epistemic Hypothesis
thoughts and ideas are shaped by the structures we have
this differs across time and space
Praxis hypothesis
all humans are thinkers and doers, how people make sense of the world and try to change it, the link between theory and action
axioms
foundational assumptions for logic
intersectionality
overlapping social identities + impact on lived experiences
intra-
within
intranational - events within a country
inter-
among, between
international - between multiple countries
pluralism
thinking multiply
multiple groups engaging/taking part in governance
Metabolic rift
Past: work and food were tied together
Current: work and food separate, to get food you must sell labour
capitalism
production/exchange/consumption cyclea
accumulation
constant reinvesting in capitalist cycled
dispossession
linked to rise of exclusionary property rights, removing people from the land
removal of ability to own tools/land
privatization, expropriation, enclosure
commons
shared rights - land, reproductive labor, cropsc
commodification
process in which LLC can be exchanged in the market
Process of commodification
Land: exclusionary private property - space as a commodity
Labor: landless, waged labour - time as a commodity
Capital: landlord/renters
forced off land and into waged labor
Trans-Atlantic Shipping LLC
Land: plantation zones, infrastructure of shipping
Labour: chattel slavery, waged labour, indentured/impressed labour
Capital: plantation capital, shipping capital, finance + insurance capital, manufacturing capital
Types of Enclosure + Explanation
Space: removal of peasants from commons, making exclusionary private property
Time: puritanical abolition of pagan holidays, discipline of clock, waged labour
Body: child stealing, burning of witches
Knowledge: guilds, knowledge production in hierarchal institutions M
Maritime state
controlling merchant companies, shipping industry, banks and state
epistemic violence
violence of knowledge
ontological
philosophy of being
who are we?
epistemological
philosophy of knowing
how do we think?
Monstrosity
othering
change of being
moral justification for exploitation
Mercantile Capital
Buy/sell
Force populations to make things/build systems
marketing across spaces
Industrial capital
capital used to bring labor/resources/materials to make more things
ports, docks
financial capital
money markets, betting on the future
Wall Street, Royal Stock exchange
Capital accumulation
profits from the system go back into the system to grow it
M → C →M’
Differentiation
the world becomes more different
capitalism impacts locations/people differently
Mode of Production
relation of production/exchange/consumption
presents as accumulation of commodities
Unity in contradiction
use (qualitative) - relationship to the object, what you get from having it
exchange (quantitative) - numerical value of buying it
Ex: pen
Marx theory of capitalism
→C→M→C →Idle labor → → state
the commodity CRISIS → credit
_ →M →C→M’ →Idle capital → → new geographies
Agrarian transitions
disposses, landless labor
capitalist landlords/tenant farmers
different in different locations
unfree labour
people stuck in place, can’t leave easily