Irrational Expectations

by Geoff Mann (Viewpoint, April 2020, PDF)

However much upheaval the global COVID-19 pandemic has generated, a great deal more is coming. The economic disaster is already the object of frantic analysis, much of which tells us we can expect a bottom that matches or exceeds the Great Depression of the 1930s, at least as measured by conventional economic indicators like GDP, unemployment, and bankruptcies. This narrative provides the backbeat to the competing attempts to organize our attention during the passage through present and future trials.

While we are endlessly reminded that “we are all in this together”—a blatant act of false solidarity—many have also pointed out that we were never “all in this together” before the pandemic, we are not now, and it is quite possible we will emerge from this even less together than we were. At least in terms of wealth and income inequality, the prospects do not look good. The relatively well-off will weather the lockdown more comfortably and without the threat of eviction, debt default, and hunger, and they will return to better-paid and stable work more quickly.

The shape of the world system in the thirteenth century (Abu-Lughod, 1987)

by Janet Abu-Lughod (1987) PDF

BY the middle of the thirteenth century the Occident (Western Europe) and the Orient (as far as China) were linked together through a system of trade and, to a much lesser extent, production that had begun to form into what might be termed a “world system” rather than a set of imperial systems. Not unlike today, the nodes that were linked together were central places and port cities, rather than whole countries. The geographic nexus of this system was the Muslim heartland through which items of exchange had to move, either overland across the great so-called silk route or primarily via the sea, transiting the region from the Mediterranean to the Indian Ocean and then beyond, via either the Arab/Persian Gulf or the Red Sea.

By then, goods originating in the Middle and Far East were being sold in European fairs, and Europe was exporting in exchange raw materials, metals, and woolen textiles. Such trade was being conducted by merchants from highly diverse regions, speaking quite different languages and in touch with one another not only physically but by written instruments. “Capitalistic” institutions were well established in the sense that: (1) there existed conventional ways for credit to be extended and then paid off; (2) there were developed techniques for pooling capital and risks and for sharing profits and losses; and (3) production for export had begun to reorganize the way goods were produced and exchanged in the domestic economies of East and West. Significantly, this development was considerably more advanced in China and the Arab world than it was in Europe.

source: Studies in Comparative International Development volume 22, pages 3–25 (1987)

Pandemic: the explosion point of the capitalist relation?

by Antithesi (April 18, 2020)

The growth of production has been entirely verified until now as the realization of political economy: the growth of poverty, which has invaded and laid waste to the very fabric of life… In the society of the over-developed economy, everything has entered the sphere of economic goods, even spring water and the air of towns, that is to say, everything has become the economic ill, that “complete denial of man”…

Guy Debord, The sick planet

The outbreak of the pandemic and its spread all over the world is the most recent expression of what Debord has identified half a century ago as the “economic ill”. Capital is not only a class relation of exploitation and domination but also a relation of alienation of society from nature in which both the producers of social wealth and non-human nature as an autonomous productive force are transformed into objects that are dominated and plundered by it. The continuously expanding process of the subsumption of nature under capital is conflictual and contradictory. The consequences of this subsumption emerge as phenomena like global warming, the infestation of farmland with superweeds, the slowdown of agricultural productivity and, today, the coronavirus pandemic.

Political Economy for the End of Times: Gareth Dale on Capitalism and Climate Breakdown

The Ecologist

 A three-part interview on capitalism and climate breakdown from the podcast Political Economy for the End Times. Listen to the full interview with Political Economy for the End Times.

Part I

Javier Moreno Zacares (JMZ) from Political Economy for the End of Times: I wanted to start this interview by exploring the broad question of the relationship between capitalism and the environment.

I think that a good entry point is the conceptual distinction that you draw between ‘capitalist time’ and ‘ecological time’. Can you explain what these two temporalities are and how they relate to one another? 

Gareth Dale (GD): Human beings relate to various systems through different temporalities. That is, the different rhythms of time and the different ways in which humans relate to time. In my essay for The Ecologist  that you are referring to, I look at three of those: geological time, ecological time, and capitalist time. All social systems are ways of organizing behaviour and time.

Under capitalism, the aim is to increase profit and save time. This accounts for some of its central dynamics: The systematic disciplining of labour and the segregation of labour from the rest of human experience, which enables labour-time to be marked out and measured. The continual acceleration of labour-processes through technical and social change. The fetishism of technology, which has a key role in displacing labour and decreasing the circulation time of capital. And also, of course, the systematic degradation of the natural environment. In a sense, capitalism eats time, and in the process erases nature.

Revolutionary working class strategy for the 21st century – Part 1 (Angry Workers of the World)

Reflections on ‘uneven and combined development’ and ‘class composition’

Angry Workers of the World – April 2020

DOWNLOAD PDF

From a perspective that puts the working class into the driver’s seat of social emancipation we find ourselves in a contradictory situation. During the last decades workers, as in people who have to sell their labour power to survive, have become the majority on the planet. When Marx, from his armchair, called for ‘workers of the world’ to unite, workers were actually a tiny minority globally, islands in a sea of independent artisans, peasants and forced labourers. Only today can we really speak of a ‘global working class’, but to the same degree that ‘being a worker’ has become a global phenomenon, ‘the working class’ seems to have disappeared. 

via Revolutionary working class strategy for the 21st century – Part 1 — Angry Workers of the World

The geology of mankind? A critique of the Anthropocene narrative

by Andreas Malm & Alf Hornborg (2014) [PDF]

The Anthropocene narrative portrays humanity as a species ascending to power over the rest of the Earth System. In the crucial field of climate change, this entails the attribution of fossil fuel combustion to properties acquired during human evolution, notably the ability to manipulate fire. But the fossil economy was not created nor is it upheld by humankind in general. This intervention questions the use of the species category in the Anthropocene narrative and argues that it is analytically flawed, as well as inimical to action. Intra-species inequalities are part and parcel of the current ecological crisis and cannot be ignored in attempts to understand it.

source: The Anthropocene Review, 1(1), 62-69, 2014 

A Journal of the Plague Year by Daniel Defoe (1722)

by Daniel Defoe (1722)  [background] /PDF]

being observations or memorials
of the most remarkable occurrences,
as well public as private, which happened in
London during the last great visitation in 1665.
Written by a Citizen who continued
all the while in London.
Never made public before

---

It was about the beginning of September, 1664, that I, among the rest of my neighbours, heard in ordinary discourse that the plague was returned again in Holland; for it had been very violent there, and particularly at Amsterdam and Rotterdam, in the year 1663, whither, they say, it was brought, some said from Italy, others from the Levant, among some goods which were brought home by their Turkey fleet; others said it was brought from Candia; others from Cyprus. It mattered not from whence it came; but all agreed it was come into Holland again.

We had no such thing as printed newspapers in those days to spread rumours and reports of things, and to improve them by the invention of men, as I have lived to see practised since. But such things as these were gathered from the letters of merchants and others who corresponded abroad, and from them was handed about by word of mouth only; so that things did not spread instantly over the whole nation, as they do now. But it seems that the Government had a true account of it, and several councils were held about ways to prevent its coming over; but all was kept very private. Hence it was that this rumour died off again, and people began to forget it as a thing we were very little concerned in, and that we hoped was not true; till the latter end of November or the beginning of December 1664 when two men, said to be Frenchmen, died of the plague in Long Acre, or rather at the upper end of Drury Lane. The family they were in endeavoured to conceal it as much as possible, but as it had gotten some vent in the discourse of the neighbourhood, the Secretaries of State got knowledge of it; and concerning themselves to inquire about it, in order to be certain of the truth, two physicians and a surgeon were ordered to go to the house and make inspection. This they did; and finding evident tokens of the sickness upon both the bodies that were dead, they gave their opinions publicly that they died of the plague. Whereupon it was given in to the parish clerk, and he also returned them to the Hall; and it was printed in the weekly bill of mortality in the usual manner, thus—

     Plague, 2. Parishes infected, 1.

The people showed a great concern at this, and began to be alarmed all over the town, and the more, because in the last week in December 1664 another man died in the same house, and of the same distemper. And then we were easy again for about six weeks, when none having died with any marks of infection, it was said the distemper was gone; but after that, I think it was about the 12th of February, another died in another house, but in the same parish and in the same manner.