Capitalism Research Articles

The effect of informality on profit rates: the role of feminization of labor

This paper explores the intricate dynamics among the informal economy, profit rates, and the feminization of labor. While extensive literature has delved into the causes and consequences of the informal economy, a notable gap exists in understanding its impact on profit rates—an essential indicator of a capitalist economy’s health. The preference of certain firms to operate informally enables them to reduce costs, enhance competitiveness, and diminish union influence, ultimately boosting profitability. The paper proposes and tests the hypothesis that the informal sector’s presence is linked to higher profit rates. Methodologically, the study introduces a Post-Keynesian model that incorporates gender-specific marginal propensities to consume, followed by a simulation analysis. Subsequently, an econometric model is employed, utilizing data from 127 countries spanning 1991–2018. Results from both simulation and panel data analysis robustly indicate a significant association between the informal sector and increased profit rates. This phenomenon is attributed to the feminization of labor, suggesting a role in cost reduction.

Karl Marx’s Contribution to Social and Political Philosophy

Karl Marx, the revolutionist philosopher, interpreted history as a world view which is the dimension of social development. His dialectic effort and materialistic conception are intended to preserve the rights of social being particularly of the working people who are repeatedly being oppressed. Class struggle is the ultimate solution of distinctions among classes through which there will be no class and the existing working class will revolt against capitalist economy and, as a result, they will control means of production which will create the situation of the dictatorship of the working people. These class distinctions will be removed through the establishment of scientific communism referred by Marx. This article shows how Marx’s life and thought changed the course of history and how he influenced society to make a better place for living. I intend to show the reasons behind the worldwide acceptance of Marxism theoretically. My aim is to show how his theories and ideas are significant in socio-political aspects of philosophy. Philosophy and Progress, Vol#73-74; No#1-2; Jan-Dec 2023 P 259-279

The Legal Realists on Political Economy

Abstract Alongside the well-known jurisprudential ideas associated with legal realism, some scholars have highlighted the realists’ political-economic ideas. Best known among them has been Morton Horwitz, who has argued that the realists launched an “attack on the legitimacy of the market.” Other scholars challenged this view and argued that there was no significant connection between legal realism and political economic ideas. I offer a corrective to both views. I first consider the work of five legal realists (Karl Llewellyn, Adolf Berle, William O. Douglas, Jerome Frank, and Thurman Arnold) and show that all held views that were well within the political-economic mainstream of their era, which did not challenge the legitimacy of market capitalism but wanted to see markets better regulated. I also show that for many of these realists, there were important connections between their jurisprudential and political-economic ideas. I then turn to some neglected writings of Felix Cohen to show that he too saw a direct link between his legal and economic ideas. However, unlike the other legal realists discussed here, he was a radical critic of market capitalism. I use his political-economic writings for a reconsideration of his better-known jurisprudential works.

O SERVIÇO SOCIAL NO ENFRENTAMENTO À VIOLÊNCIA CONTRA MULHER: UMA EXPERIÊNCIA DE ESTÁGIO NO CAMPO SOCIOJURÍDICO

This present work aims to contemplate the activities carried out by the Social Service intern in the field of socio-legal internship, in one of the Courts Specialized in Combating Domestic and Family Violence Against Women, particularizing the role of Social Service and the Court. Social Services proposes to act in the expressions of the social issue, analyzing gender violence based on the processes that emerged with the capitalist system and the struggle of different generations of women who face this form of violence.

Marcusean resources to think coloniality

The article aims to take a stand in the debates surrounding the potential contribution of the theoreticians of the first generation of the Frankfurt School to postcolonial/decolonial theory, by showing that Herbert Marcuse, in his work, has outlined coloniality as later authors have defined it. Marcuse denounced the neocolonialism and neoimperialism of which the Global South populations were prey at the time of decolonizations. He showed that the welfare state and the affluent society in contemporary Western societies largely fed themselves on the continued economic exploitation of the Global South. Marcuse decried the uneven development bred by the capitalist system and criticized the ideology and mechanisms of development imposed on the newly independent countries, which also violated the subjectivity of their peoples, ignoring their values and aspirations. He condemned the racial-based violence and war imposed on the ‘underprivileged’ in the Global South and the Global North alike. These trains of thought describe different aspects of coloniality. This article will analyze these insights through a close reading of Marcuse’s work and comparisons with the writings of Frantz Fanon, Kwame Nkrumah and Samir Amin.

The permanent global crisis of working-class social reproduction: ten propositions

The maintenance and reproduction of the working class remains a necessary condition for the reproduction of capital. But the capitalist may safely leave this to the labourer’s drives for self-preservation and propagation. (Marx [1867] 1976: 718) The capitalist mode of production gives rise to a crisis of working-class social reproduction from the outset, and continually exacerbates that crisis in the course of its development. Far from being in principle a crisis for the capitalist mode of production itself, then, crises of working-class social reproduction are the empirical effects of changes in the capitalist economy, reflecting capitalist power over the fate of the propertyless population. The inherent characteristics of the capitalist mode of production – competition between individual capitals, uninterrupted scientific and technological revolution, an ever-increasing division of labour on local to global scales, the constant process of ‘creative destruction’ as obsolete capitalist enterprises die and new ones are born, the universalisation of commodity production, concomitant to proletarianisation and the creation of a permanent ‘reserve army of labour’, and the tendency for capital to invade and take over any form of production more ‘primitive’ than itself – all continually disrupt areas of social and economic activity within capitalist social formations and those which capitalism has not fully penetrated yet. The effect of state government policies and governance on the part of international organisations is to induce or exploit crises of working-class social reproduction in order to further the hegemony of capital over their own territory and the world market as a whole.

Capitalist roaders or socialist reformers? A critical review of Marxist literature on China since 1976

Marx identified a transitional phase between capitalism and communism in which society is transformed under a Revolutionary Dictatorship, but still retains aspects of the capitalist society from which it was born. Socialist construction then, is not only the process of developing the productive forces and transforming the relations of production. It is also a process of continued ideological and class struggle against remaining capitalist elements within society. This is both a struggle against the resurgence of capitalist relations within the economic base, as well as a project of societal transformation. Much of the debate over China's economy rests on the nature of the 1978 Reforms initiated by Deng Xiaoping. Marxists debate whether these Reforms represent a break with the project of socialist construction in China or a development of this process. This paper will critically review the scholarship on the question of socialist construction in China before and after the Reforms, reviewing works by Deng Xiaoping, Domenico Losurdo, Charles Bettelheim , William Hinton, Pao-Yu Ching, Minqi Li, and Zhun Xu.

Hermann Heller’s critique of liberalism

ABSTRACT Hermann Heller’s critique of liberalism was both theoretical and conjunctural. He derided liberalism’s erosion of the concept of sovereignty and lamented liberalism’s complicity with the substantive inequality of his time. It its place, he argued for a restoration of the concept of popular sovereignty, as a dialectical formation of political unity and material equality through the democratic process. As a matter of political practice and strategy, however, Heller equivocated in his stance on the constitutional politics of the Weimar Republic. He initially tolerated the abrogation of parliamentary democracy due to his faith in the neutrality of the state, before diagnosing the regime as a form of authoritarian liberalism determined by the capitalist economy. This article examines Heller’s theoretical and political critique of liberalism. It outlines Heller’s conception of popular sovereignty against both Kelsen’s legal rationalism and Schmitt’s political decisionism. It also examines the significance of the interwar conjuncture, highlighting that the turn of the bourgeoisie to authoritarianism and ultimately to fascism represented a continuity of the liberal elision of the principle of popular sovereignty.

A comparative review of de- and post-growth modeling studies

In recent years, a small but rapidly growing field of modeling alternatives to growth as represented by the de- (DG) and post-growth (PG) discourses has emerged. We compare selected model characteristics of 75 DG and PG related modeling studies, compiled through a systematic literature review (2000−2023), and link model structures and results to different theoretically contested debates surrounding DG/PG. The reviewed studies cover different geographical and temporal scopes, economic theories, modeling techniques and operationalizations of DG/PG. The majority of studies models DG/PG as intentional transition and does not question its compatibility with a capitalist system, while more radical strands of the DG/PG discourse are excluded. Although DG/PG modeling exercises frequently explore the effects of sustainability policies, they represent only a fraction of theoretical DG policy proposals, with the most frequent being: working time reduction, maximum income caps, carbon taxes and a universal basic income. DG/PG modeling studies have demonstrated the importance of integrating biophysical constraints in economic modeling but also have quantitatively assessed the feasibility of environmental integrity and social well-being without growth. Nonetheless, future modeling could be rendered more realistic by paying more attention to the Global South, introducing heterogeneous agents driving sustainability transitions and including multiple planetary boundaries.

Capital is not a factor of production but organizes the allocation and distribution of resources in capitalism

AbstractEconomists usually define capital as a factor of production—roughly speaking, as physical equipment. This paper demonstrates the limits of this common approach and develops a meaningful alternative. In actual business life, capital refers to the monetary value of business assets, regardless of what the assets consist of, and as such, it is an important aspect of economic calculations that helps to guide entrepreneurial activities. In this sense, capital is pervasive in capitalist societies. Virtually all goods and services are produced by profit-oriented enterprises. Natural resources, intermediate goods, and finished products all appear on the balance sheets of enterprises and are consequently part of business capital. Likewise, the majority of people are employees of enterprises. They receive their pay because the employing firms consider this to be a profitable investment of their capital. Despite its extreme practical importance, this business notion of capital is ignored by nearly the entire economics profession. The paper shows how economists could profit from adopting the business notion of capital, irrespective of their ideological backgrounds.

The university as an intellectual capital catalyst for sustainable organisations: conceptualising the nexus

Purpose Intellectual capital (IC) is an increasingly important strategic asset for sustainable value creation in organisations. This paper aims to provide a conceptual perspective on the university’s role as a catalyst for IC creation and development within the dynamic landscape of organisations, exploring the nexus to capture its essence. Design/methodology/approach Adopting a conceptual framework development approach, key concepts were cohesively and coherently synthesised from various theoretical underpinnings, namely, the multiple capitals approach to maximising corporate value creation, the evolved triple bottom line approach to corporate sustainability, the triple helix innovation model and its subsequent extensions, the upper echelons theory and the social licence construct linked to stakeholder, legitimacy and institutional theories. Findings A comprehensive conceptual framework was developed that outlines universities’ role in catalysing four corporate IC forms crucial to sustainable organisational value creation: human capital, governance capital, social/relational capital and structural/organisational capital. The framework interprets this role of universities as dynamic IC reservoirs serving regional ecosystems for sustainable development. It highlights the synergistic sustainable value creation between universities and organisations in host communities and broader society, with university governance acting as a key driver. Originality/value This paper offers a theoretically grounded interpretation of universities’ pivotal role in catalysing essential forms of IC to support contemporary organisations’ sustainable value-creation processes. The proposed framework has the potential to ignite conversations on the crucial connection between universities and corporate IC development relevant to sustainable organisations, inspiring future empirical research, reflection and discussion.

AUKUS ‘behind the scenes’: through the lens of militarised neoliberalism

ABSTRACT Much of the commentary surrounding AUKUS focuses exclusively on geopolitics and stops short of addressing structural forces of the economic-security nexus that AUKUS has simultaneously reshaped. Advancing the concept of militarised neoliberalism, this paper moves beyond the state-centric focus of ‘realist’ approaches and unpacks the social, political and economic forces that are reconnected through and simultaneously reshape the geoeconomic order. We argue that AUKUS is not simply a security partnership, but rather constitutes a mutation of neoliberalism emerging in the context of bipartisanship. The latter entails state transformation which reconnects business, politics, and military networks in new ways. Various notions of geopolitics strongly embedded within AUKUS (e.g. supply-chain resilience, technological advance, industrial sovereignty) obscure the nature of the capitalist economy that combines financial capital, state capital, and industrial capital, resulting in the constitution of market and the state.

Psychological capital and social class: A capital approach to understanding positive psychological states and their role in explaining social inequalities.

Psychological capital (PsyCap) is a multidimensional concept entailing hope, self-efficacy, optimism, and resilience. This paper argues that it can be considered a form of "capital" explaining social inequality. We test whether PsyCap can be integrated into the Bourdieusian capital framework by assessing its relationship with social, economic, and cultural capital. We also identify different types of social positions based on the volume and composition of psychological, economic, cultural, and social capital. We use cross-sectional data from the European Social Survey of 2012 (N = 35,313 respondents; 29 countries). To test the associations with the Bourdieusian capital types, we calculated multilevel spearman rank correlations and performed confirmatory factor analyses (CFA). Latent Class Analysis identified different types of social positions. We found positive weak correlations between PsyCap and the indicators of cultural capital (r ≤ .14) and positive moderate correlations with the indicators of economic and social capital (r ≤ .24). The results of the CFA showed that the fit of the 4-capital model was superior to that of the 3-capital model. We identified six types of social positions: two deprived types (with overall low capital levels); two well-off types (with overall high capital levels) and two types with high psychological and social capital in combination with varying levels of cultural and economic capital. Including PsyCap in the Bourdieusian capital framework acknowledges the power of positive psychological states regarding processes of social mobility and social inequality on the one hand and calls for understanding PsyCap as a social and group-level phenomenon on the other hand. As such, integrating PsyCap into the Bourdieusian framework can help to address the longstanding issue of understanding the relationship between social and individual differences in the study of social inequalities.

THE UBERIZATION AND PRECARIZATION OF NURSING WORK IN THE POST-PANDEMIC CONTEXT: A bibliographic review

The present article constitutes bibliographic research on the work of nurses, emphasizing the context of the covid-19 pandemic and how it relates to the processes of uberization and precarization in the healthcare field. Scientific literature and legal documents addressing these issues were analyzed. Reports on the pandemic situation were also consulted, describing the trajectory of nurses' work within the pandemic context, subsequently examined through the lens of Marxist theory. Considering the theories addressing this topic, it is concluded that the precarization of work in the healthcare sector affects many professionals, specifically workers in the nursing field. Understanding that the phenomenon of precarization has significant potential in the crisis with new facets of contemporary capitalism, this movement has acquired a name, a neologism, uberization, stemming from digital platforms serving capitalist interests, converging towards the biomedical model.

Survival strategies of informal sector workers in Bali's tourism industry

The informal tourism sector plays a vital role in the local economies, particularly in destinations such as Bali. This aligns with the United Nations Sustainable Development Goal 8, which focuses on promoting decent work and economic growth. These workers, who are often ignored, greatly enrich the experience of tourism but encounter distinct obstacles on a daily basis. Gaining insight into their methods for staying alive is crucial. Informal workers face distinct limits compared to formal sector employees, resulting in less defined sustainability and growth strategies. A thorough investigation was carried out in nine regencies in Bali, utilizing observations and interviews, in order to examine these tactics. This method facilitated a comprehensive comprehension of their day-to-day routines and difficulties. The study identified four crucial survival strategies: implementing prudent financial management to sustain businesses and meet daily needs, utilizing communication skills to maintain income and continuity, enhancing social capital through positive relationships with fellow workers, and comprehending government policies. Out of these factors, effectively managing economic capital is crucial for maintaining livelihoods in the fiercely competitive tourism business. The results of this study provide a basis for future policies or interventions aimed at supporting and enhancing the lives of informal sector workers in tourist areas such as Bali.

Universal Basic Income as a Response to Automation? Attitudes of Human Translators Facing Neural Machine Translation

How do professionals who may be at risk of job loss due to AI-driven automation view a universal basic income (UBI) as a policy response to technological unemployment? This article examines the attitudes of translators from Turkey, a country with the highest perceived technological risks across the OECD. Based on interviews, the article reveals varying views on UBI, the framings of which reflect participants’ political views and understandings of capitalist societies. While some participants depict a perspective of economic individualism, emphasizing individual responsibility and a work ethic in opposing UBI, others advocate an anti-capitalist outlook, promoting collective action yet appearing skeptical of UBI. However, a majority supports UBI as a social right. Furthermore, those concerned about job or wage loss are primarily found among those who favor UBI and those who specialize as freelancers in areas perceived as more susceptible to automation, suggesting that job insecurity shapes views of UBI.

Role of Family for Under-aged Working Children

This study aims to explain the role of the family in child labor that occurs at the Balong Cangkring intersection in Mojokerto, seeing the phenomenon of child labor as a public concern for the weakening of human resources in the future era for the next generation. It is necessary to re-reflect the awareness of the role of parents that this child labor system becomes a capitalist system as the growth of family economic capital. This research method uses a qualitative case study analysis approach, the data collection methods used are interviews, observation and documentation. The results of the study show that child labor as buskers, car glass cleaners, hawkers that occur at the Balong Cangring intersection is influenced by an environment far from civilization, human resources and education which are difficult for children to access due to the weakening role of parents. The lack of the role of parents towards children and the pattern of sustenance that is not optimal so that child labor still occurs in Mojokerto. Human capitalism against child labor in Balong Cangkring is carried out by parents to earn money by employing underage children at school age.

The Integrated Analysis of Territorial Transformations in Inland Areas of Italy: The Link between Natural, Social, and Economic Capitals Using the Ecosystem Service Approach

This paper examines how spatial dynamics have impacted natural capital and the provision of ecosystem services. The units outlined by the National Strategy for Inland Areas (SNAI) have been used as the territorial units for this study. The SNAI is a public policy focused on enhancing the quality of services to citizens (such as transportation, healthcare, and education). It proposes the economic revitalization of inland areas undergoing processes of marginalization. Our focus on inland areas stems from two primary reasons: first, no previous studies in Italy have analyzed the changes in ecosystem services in SNAI areas; and second, SNAI areas are well-suited to providing ecosystem services that are in demand by urban areas. Although this study does not cover all aspects inherent to the topic, it represents a starting point aimed at understanding the links between environmental and socio-economic dynamics and ecosystem service changes. This is essential for both current and future generations. By analyzing the processes of permanence and transformation, modifications in the supply–demand balance have hereby been studied, as well as the economic variations in ecosystem services. The period considered runs from 1990 to 2018. These findings could help governmental institutions in developing sustainable governance models, in line with spatial policies and strategies.

Teaching as a dance with and towards dignity: Recognizing dignity in educational relationships

In educational research there is a plethora of propositions on different ways to address the problem of too narrow and merely/mainly extrinsic and future-oriented aims of education such as the one of producing citizens who can contribute to national competitiveness in a global capitalist market system. Several approaches counterbalance such narrow aims by offering more holistic aims such as cosmopolitan, democratic citizenship, flourishing and liberation. However, in addition to broadening the range of possible aims of education, there is also a need to address the underlying ethical and relational problem of how aims in themselves, even though holistic, still always run the risk of becoming stagnant and reified. In this paper, I argue together with Gert Biesta and Sharon Todd that the unavoidable fact of educational aims involving the risk of becoming stagnant can have detrimental effects on relationships in classrooms. However, I re-frame the problem from an ethical viewpoint. I propose dignity-awareness as a practice of ethical relational attunement to educational aims where these are left open for renewal and dynamic co-existence, not merely through a process of strenuous self-reflection and pedagogic dialogue, but through artfulness and playfulness. I suggest dance as a metaphor for an ethical awareness/interaction in which the relative importance of educational aims is acknowledged and appreciated.

Adorno’s dynamic theory of ideology

ABSTRACT Adorno’s conception of ideology was denounced by Habermas as incompatible with a viable form of social critique. By conflating ideology and the ‘identity principle’ inherent to modern Western reason, he argues, Adorno offered an overly negative characterisation of modernity and failed to recognise its rational potential. This paper questions this line of criticism by revisiting Adorno’s position. While he does sometimes associate ideology with identity-thinking, this association does not exhaust his views on the subject. For Adorno, ideology is just as much a matter of Identität as a matter of Schein, or illusion, and its practical effects. Moreover, he views ideology as an intrinsically dynamic concept, whose definition has changed throughout human history. Drawing on his late sociological writings, I distinguish three major stages in the development of the concept of ideology, namely (a) ideology as simple illusion, a definition associated with the Enlightenment and expanded by the so-called sociology of knowledge; (b) ideology as necessary illusion, invoked by Marx to capture the structural logic of capitalism; and (c) ideology as disillusionment, related to the positivism of late capitalist society. Finally, I reflect on what this survey reveals about the relationship between illusion and identity in Adorno’s theory of ideology.