By Lucia Pradella
It is widely believed that Marx did not systematically consider the role of colonialism within the process of capital accumulation. According to David Harvey, Marx concentrated on a self-closed national economy in his main work. Although he did mention colonialism in Part 8 of Capital Volume 1 on the so-called primitive accumulation, this would only belong to a pre-history of capital, not to its everyday development. Based on a similar assumption, some postcolonial scholars criticise Marx for being Eurocentric, even a complicit supporter of Western imperialism, who ignored the agency of non-Western people.
Continue reading “Marx and Colonialism”
By Basile Boulay
We find ourselves at a strange crossroads. Never have we been more aware of the devastating impact of consumer goods on the environment and never have we been so dependent upon them. Technological innovations are embedded in the daily lives of even the most critical among us, and both usage of and demand for devices grows exponentially, leaving us to contemplate the ravages of climate change on our brightly lit screens. Understanding our relationship with modern technologies as well as conceptualising a coherent framework for a collective liveable future requires us to engage with difficult questions while avoiding counterproductive moralising pitfalls. In this blogpost, I suggest that a critical political economy outlook coupled with an effort to reconceptualise the ‘good life’ could be a useful starting point.
Continue reading “Our bright digital lives: some critical thoughts”
By Intan Suwandi
Lockdowns and shutdowns due to the COVID-19 pandemic led to what is being referred to as the “first global supply chain crisis.” The supply chain disruption has made havoc since the beginning of the pandemic, with more than 90 percent of the 1000 Fortune multinational corporations having a tier-one or tier-two supplier affected by the virus in February 2020. By mid-April 2020, 81 percent of global manufacturing firms were experiencing supply shortages. Also in the same year, hundreds of US companies reported that their suppliers only operated at an average of 50 percent capacity, which resulted in longer final product lead times and a negative impact between 5.6 to 15 percent on their revenues. Although recent reports indicate that the situation has become less severe, many analysts still think that the “supply chain nightmare” is far from over, and it is predicted that supply chain disruptions will continue until late 2022.
Continue reading “What do the global supply chain disruptions tell us about the world economy?”