Piketty,Marxian Political Economy,and the Law of the Falling Rate of Profit

This article examines two views about the capitalism that lies at the heart of modern industrial society. We owe to Marx and Piketty two large‐scale, hugely important, but very different studies of the nature of modern industrial capitalism. In Capital, Marx provides a complex analysis of the anatomy of modern industrial capitalism, which he regards not as stable but rather as over time unstable and tending toward internal collapse on several grounds, of which the most important is apparently the so‐called tendency of the falling rate of profit. The falling rate of profit supposedly threatens its continued existence. Piketty criticizes the latter view in the context of his theory of contemporary capitalism. The article suggests, first, that Marx's view of the falling rate of interest is empirically implausible but Piketty's rival claim is empirically plausible. Second, a successful transition from capitalism to communism on Marxian grounds is unlikely in practice. And finally, despite Marx's intentions, it is unlikely to realize itself in practice, and is in this respect a traditional theory.     

Max Weber's The Religion of China: An interpretation

The Religion of China is an overlooked but pivotal key to understanding Weber's life work. A careful reading of this work shows that Weber's analysis of the rise of rational capitalism in the West and its absence in China is intrinsically contradictory. While Weber's official position is that the ultimate cause of the absence of capitalism in China (and inversely, its presence in the Occident) was to be found in religion, his political analysis indicates that the politico-legal conditions alone were sufficient to prevent the rise of rational capitalism in China. Moreover, he finds that the Chinese religion, which was unfavorable to the rise of rational capitalism, was to a significant extent the product of Chinese political conditions. This contradiction reflects the tension, never resolved, between Weber's institutional and religious explanations of the Occidental development.     

Protestant Ghosts and Spirits of Capitalism: Ecology,Economy, and the Reformation Tradition

This essay analyzes current Protestant perspectives on the relationship between this tradition and capitalism from the perspective of social and ecological concerns. Rather than deciding between the tradition's purity or culpability in the rise of capitalism, this essay suggests that those concerned with both the future of the tradition and social/eco‐justice must acknowledge both the tradition's congruence with global capitalism and the tradition's prophetic ability to critique and propose alternatives.     

Just Wars,Holy Wars,and Jihads,edited by Sohail Hashmi,Oxford University Press: New York, 2012, xvi + 434 pp. ISBN 978 019 975503 5, US$35.00 (paperback)

In recent years, academic interest in the nexus between Pentecostalism, economics, and capitalism has grown significantly. Notably, the vast majority of publications that have addressed this interface are to some degree conceptually framed by Max Weber's The Protestant Ethic and the Spirit of Capitalism. In this article I consider what The Protestant Ethic might contribute to our understanding of the relationship between Pentecostalism and capitalism. First, I assess a particularly noteworthy attempt to draw Pentecostalism into Weber's genealogical account which draws a series of parallels between Pentecostalism and ascetic Protestantism. Second, I discuss the merits of an approach that is not primarily genealogical but remains indebted to the concepts that Weber introduces, elaborating a new affinity between Pentecostalism and capitalism in its present iteration. With this article, I seek to comprehensively extend the scope and sharpen the conceptual underpinnings of future analysis and empirical work in this area.     

"Us" and "Them":

Abstract: In the Aristotelian tradition, politics is a matter of public deliberation over questions of justice and injustice. The Bush administration's response to the terrorist attacks of September 11, 2001, has been uniformly hostile to this notion, and it has instead promoted a jingoistic politics of self‐assertion by an America largely identified with the executive branch of its government. This is doubly disturbing, as the executive branch has sought to free itself from international law, multinational commitments, and domestic judicial regulation, even as it has sought to validate itself by demonizing its enemies. This essay draws out the disturbing echoes here of Carl Schmitt's work of the 1920s, in particular of Schmitt's conception of the sovereign as the ungrounded ground of the law and the political as the site of mortal conflict between friend and enemy. The essay argues that Schmitt's position in the twenties, for all of its evident problems, is superior to that of Bush, Wolfowitz, and Ashcroft in at least two senses: Schmitt condemns the idea of waging war for profit and recognizes that such wars will often be disguised as moral crusades waged against the “inhuman”; and he acknowledges that claiming to fight a war for humanity denies one's enemies their humanity, leaving them open to torture and even extermination.     

Beyond Political Theology and its Liquidation: From Theopolitical Monotheism to Trinitarianism

One of the central theological challenges facing Erik Peterson was to help the mid‐twentieth century Catholic Church define its relationship with the wider world. He responded by advancing a distinctive understanding of the ‘polis.’ In this essay, I critically analyze Peterson's central and perhaps best known proposal about how the Church ought to negotiate the modern world — encapsulated in his expression, the ‘liquidation of political theology.’ I contend that Peterson's proposal is not congruent with a right understanding of patristic trinitarian monarchy, although a view that stands in sharp contrast to that of Carl Schmitt. Notwithstanding the effectiveness of Peterson's critique of Schmitt's political theology, I argue that Peterson nonetheless fails in his exposition of the thought of Gregory of Nazianzus and therefore in his interpretation of the role of the Church in what we have learned to call the ‘political’ and the ‘social.’ I conclude by outlining several ways that the Church today might take up the challenge of regaining a truly political thought, a new ekklesioteia, nourished by the monarchy of the triune God.     

Cyborg Politics and Economic Realities: Reflections on Elaine Graham's Representations of the Post/Human

Abstract

This article seeks to examine the political and economic context of cyborg culture and technology in Elaine Graham's Representations of the Post/Human. It begins by drawing out the relationship between Graham's study and Foucault's genealogical method and seeks to establish the ‘silent machine’ operating in Graham's analysis. By following three critical strands —knowledge as technology, economic determinism and imaginative agency and the economics of transcendence—the article highlights and extends a critique of capitalism and technology in the text. It argues that economics is now shaped by the machine and concludes by opening up a ‘politics of refusal’. Graham's work is acknowledged for bringing to light uncomfortable questions surrounding the politics of the machine.     

Contra Fraser on Feminism and Neoliberalism

This article is a critical examination of Nancy Fraser's contrast of early second‐wave feminism and contemporary global feminism in “Feminism, Capitalism and the Cunning of History,” (Fraser 2009 ). Fraser contrasts emancipatory early second‐wave feminism, strongly critical of capitalism, with feminism in the age of neoliberalism as being in a “dangerous liaison” with neoliberalism. I argue that Fraser's historical account of 1970s mainstream second‐wave feminism is inaccurate, that it was not generally anti‐capitalist, critical of the welfare system, or challenging the priority of paid labor. I claim Fraser mistakenly takes a minority feminist position as mainstream. I further argue that Fraser's account of feminism today echoes arguments from James Petras and Henry Veltmeyer (2001) to Hester Eisenstein ( 2009 ), but such arguments ignore contemporary feminist minority positions. I challenge Fraser's arguments that feminism legitimates neoliberalism to women, that women's NGOs are simply service‐providers enabling the state to withdraw services, and that criticisms of microcredit lending programs can be generalized into criticisms of women's feminism and women's NGOs today. I argue that these claims are vast over‐generalizations and ignore countertrends. I give empirical evidence to support my objections by considering women's activities in post‐communist European countries, which Fraser discusses.     

Marx and Cohen on Exploitation and the labor theory of value

Gerald A. Cohen, in ‘The Labor Theory of Value and the Concept of Exploitation’, argues that, contrary to the traditional assumption, Marx's charge of exploitation against capitalism does not require the labor theory of value. However, there is a related but simpler basis for the charge. Hence Marx's criticism can stand even if the labor theory of value falls. Furthermore, he argues that the labor theory of value is false. It is argued here that Cohen is mistaken; the charge Marx makes against capitalism does require the labor theory of value. Cohen's conception of exploitation is weaker than Marx's both theoretically and morally. It is also argued that Cohen's criticisms of the labor theory of value rest on misunderstandings of the theory and Marx's methodology.     

Justice and a Citizens' Basic Income

Is it possible for a society with a market economy to be just? Unlike Marxists, egalitarian liberals believe that there are some conceivable circumstances where such a society could fulfil the requirements of social justice. A market society need not be exploitative. One proposal that has recently received much attention among political theorists is the suggestion that citizens should receive a basic income. Philippe Van Parijs's Real Freedom for All: What (if anything) can justify capitalism? presents one of the most sophisticated philosophical arguments in favour of a citizens' basic income. In this paper I critically assess Van Parijs's proposal for a citizens' unconditional basic income. I develop three Rawlsian objections which cast doubt on the idea that Van Parijs's proposal can play a foundational role in a viable theory of social justice. I label these objections: (1) the objection from leisure (2) the objection from citizenship and (3) the objection from self-respect.     

THE ENCHANTMENTS OF MAMMON: NOTES TOWARD A THEOLOGICAL HISTORY OF CAPITALISM

Tales of “disenchantment” dominate modern intellectual life, and especially accounts of the cultural history of capitalism. Yet Weberian sociology, and especially Marxist notions of “commodity fetishism”, point to the persistence of “enchantment” in the capitalist imagination. If we reformulate these notions of “enchantment” and “disenchantment” in theological terms of sacrament, then we can write new histories of capitalism, as well as articulate new forms of political and cultural criticism. Borrowing from “radical orthodoxy”, the author takes a Cook's Tour of “disenchantment”, explores the possibilities afforded by “sacramental” conceptions of materialism, and gestures toward an account of American cultural history shaped by a sacramental materialism.     

Selling Literature/Selling the Race: Diamela Eltit's Decolonial Feminist Critique of the Neoliberal Marketplace

In the closing episode of Diamela Eltit's 1988 novella The Fourth World, the city of Santiago de Chile—including its inhabitants—goes up for sale. Eltit's investigation of the specter of all‐out commodification illuminates the entwinements of aesthetics and race under finance capitalism. Published at the tail end of the Pinochet dictatorship, the novel makes a poignant contribution to the debate over the “lettered city” in Latin America. Briefly situating The Fourth World in this context and placing it in conversation with current lines of reflection on social identity and the notion of the aesthetic, this article analyzes the novel's implications for a philosophical understanding of the aesthetics–race relation: one, the work attests to an expansive conception of racial identity; two, it comprehends aesthetic agency as a much‐needed and potentially critical site of transformed racial existence; and, three, it calls for multimodal forms of address to counter neoliberal rationality. The article brings out these points through a close reading of passages and by highlighting the novel's decolonial feminist aesthetic. In ending, the article takes note of the new notions of creativity and political participation that arise.     

Capitalism and the Banality of Desire

ABSTRACT

This paper elaborates on Todd McGowan’s perspicacious, psychoanalytic explanation of capitalism’s resilience, due to its formidable ideological insinuation into the banal micro-desires of consumers. I outline his contention that capitalism’s false promise of future satisfaction is subverted by the psychical change indicated by Freud’s re-evaluation of the desire/satisfaction relationship. This is elaborated on via Lacan’s claim, somewhat underplayed in McGowan’s reflections, that desire is essentially narcissistic. Lacan’s claim raises the stakes of capitalism’s psychic appeal, but also indicates how Lacanian psychoanalysis offers a point of intervention. I briefly point to the consistency between Lacan’s conception of the actualized subject and Deleuze’s and Guattari’s articulation of desire in terms of “the process” and the complex metaphor of “desiring machines”. I finally turn to ?i?ek’s conception of the developing world as “the place of rupture” and a major fault line internal to capitalism that threatens to disrupt its operation.     

Homo Touristicus,or the jargon of authenticity 2.0

This paper argues that the concept of authenticity has evolved since the time of Adorno’s critique in The Jargon of Authenticity, and that an analysis of tourism offers a way of grasping the altered status of the concept of authenticity and its current ideological function in the contemporary capitalist system. It is suggested that authenticity no longer refers to an existential state, but instead to a purchased experiential moment. This paper traces the alterations in the understanding of existential authenticity from its origins in existential phenomenology to its current status as a key concept in tourism research. It suggests that, while Adorno’s critique of authenticity has become somewhat outdated due to changes in the social relations of modern capitalism, its central argument still holds true, in that contemporary notions of authenticity still play an ideological role in securing the socio-economic status quo by both expressing and concealing the sense of alienation caused by social relations under capitalism.     

The Contemporary Pertinence of the Later Foucault. Have his Strategies of Resistance Stood the Test of Time?

Abstract

What happened during the fairly long silence following The History of Sexuality? … had he [Foucault] not trapped himself within the concept of power relations?' asks Deleuze. According to him, Foucault would have answered ‘that power does not take life as its objective without revealing or giving rise to a life that resists power’ (Deleuze 1988: 94). The object of this essay is to assess what happens ‘if the transversal relations of resistance continue to become restratified’. When the long silence was fmally broken, Foucault proposed a more affirmative - aesthetic - mode of countering power, but what exactly is the contemporary pertinence of the late Foucault’s insistence that an aesthetics of existence provides us with the means to resist an over-determination by power. This essay follows the trajectory of Foucault’s turn to aesthetics: from care of the self as a reaction against constraining governmental regulations and institutionalised normalisations; to self-(trans)formation as a more affirmative strategy; to the present day in which cultural capitalism has usurped all aesthetic strategies of resistance. The essay therefore questions the potentially subversive status of self-creation in the light of the fact that contemporary governmental rationalities encourage self-stylising individuality, alternative life-style choices and original ways of being different. It concludes by arguing in favour of its continued relevance.     

Deleuze and Guattari's Absent Analysis of Patriarchy

Feminist philosophy has offered mixed opinions on the collaborative projects of Gilles Deleuze and Félix Guattari. But although there has been much discussion of the political expediency of what Deleuze and Guattari do say about sexual difference, this article will outline what is absent from Anti‐Oedipus and A Thousand Plateaus (the two volumes comprising Capitalism and Schizophrenia). Specifically, I will argue that though Deleuze and Guattari offer a historical account of a range of power structures—most notably capitalism, but also despotism, fascism, and authoritarianism—they give no such account of the development of patriarchy. Secondarily, this article will argue that Deleuze and Guattari's analysis of contemporary power relations could be improved by adding an accompanying analysis of the institution of patriarchy. After offering a detailed account of the technical vocabulary used by Deleuze and Guattari for the analysis of political institutions, I will argue that what their work requires is an account of how patriarchy is historically produced by an “abstract machine” of masculinity. This article will finish with some suggestions for the way that such an account could be given via an analysis of the abstract machine of phallusization.     

Negative freedom or integrated domination? Adorno versus Honneth

According to Axel Honneth, Adorno's very idea of social critique is self‐defeating. It tries to account for what is wrong, deformed, or pathological without providing any positive yardstick. Honneth's idea of critique is a diagnosis of chronic dysfunctions in the relations of recognition upon which the society in question is grounded. Under such conditions of misrecognition, institutions that embody what he calls social freedom regress to negative freedom. However, such a deficit‐based notion of critique does not square with Honneth's own diagnosis of our present: namely, the transformation from welfare capitalism to neoliberalism. In fact, Honneth's diagnosis is very much in line with Adorno's idea of late capitalism as a society of “total integration.” Adorno's matching conception of critique, it is argued, avoids the problems Honneth runs into. At the basis of Adorno's critical idiom are two key points: an explanation of how social relations can be functional while contradictory and an account of social domination that is diffused throughout society while being differentially experienced by different classes. Adorno's answer to Honneth's concern, regarding the lack of a positive yardstick, is that it is domination that gives meaning to our idea of freedom, rather than the other way around.     

Zhuangzi and relativistic scepticism

Chad Hansen is one of the strongest proponents of the view that the important second chapter of Zhuangzi's Inner Chapters (The Qi Wu Lun) reveals Zhuangzi to be a relativistic sceptidst. Hansen argues that Zhuangzi is a sceptic because he is first and foremost a relativist. Hansen's argument is essentially that Zhuangzi's perspectivism, his belief that one's linguistic and conceptual perspective determines what one claims to know, makes him a thorough going relativist and sceptic. I agree that Zhuangzi is a perspectivist, but disagree with Hansen's portrayal of him as a relativistic sceptic. I first show that there is an important ambiguity in Hansen's argument. I then proceed to argue that important passages in the Qi Wu Lun (in particular the butterfly dream passage,) reveal serious problems with Hansen's interpretation of Zhuangzi's philosophical stance, I maintain that Zhuangzi is neither a sceptic nor a perspectival relativist. He is rather a perspectival realist.     

Testing Error Management Theory: Exploring the Commitment Skepticism Bias and the Sexual Overperception Bias

Research on error management theory indicates that men tend to overestimate women's sexual interest and women underestimate men's interest in committed relationships ( Haselton & Buss, 2000 ). We test the assumptions of the theory in face‐to‐face, stranger interactions with 111 man‐woman dyads. Support for the theory emerges, but potential boundary conditions are observed. In addition, we find that women's perceptions of men's desire for commitment is related to the women's own self‐reported sexual interest but that the reverse does not hold for men. Finally, we find evidence consistent with the proposition that people project their own level of interest in sex or in a committed relationship onto their interaction partners.     

Under Siege: A Woman's Beauty and Health

The weave of a woman's health and beauty is the theme of this study. Its specific focus is the menace to a woman's entire existence that the marriage of late capitalism and the western patriarchy generates. A plethora of commercial enterprises take advantage of the idiosyncratic appearance and uneven distribution of beauty to exploit it and create harm to a woman's health.