Class,State, and Revolution in the History of American Capitalism

The significance of the American Revolution has generally been downplayed in accounts of the rise of capitalism in the United States, especially those undertaken from a critical perspective. New approaches to the history of capitalism, however, have emphasised the centrality of the state. This article argues that re‐centring the state's role in the history of capitalism should return attention to the significant restructuring of the American state that occurred during and as a result of the revolution. At the same time, it argues that this restructuring cannot be understood historically outside the context of class‐formation of which it was a part. Revolution reshaped the new nation's capitalist class, in the near term, much more than it did the labouring classes. This reconfiguration encompassed and went beyond the innovation of new political institutions. In the long‐run it helped to underpin the particular development of capitalism in the United States.     

Toward Fortress Capitalism: The Restrictive Transformation of Migration and Border Regimes as a Reaction to the Capitalist Multicrisis

The article develops the concept of “fortress capitalism.” The concept has two dimensions. First, it describes those elements within today's migration and border regimes that aim to control the mobility of the global working class in repressive ways. Second, it designates a dystopian future scenario, in which these repressive elements have massively expanded. Such a formation might develop as part of a twenty‐first‐century fascism. Based on historical materialism and critical theory, the article makes four points. First, it asserts that migration regimes are being transformed toward a new level of restrictiveness. Second, it argues that fortress capitalism complements theoretical motives that emphasize the uncontrollability of migration. Third, it contends that migration and border regimes in their emergence, dynamics, forms, and effects are closely linked to the intersectional dynamics of global capitalism as a whole. Fourth, it points out that global capitalism fundamentally depends on border regimes to regulate its contradictions.     

The Adaptation of Western Management Ideologies: The Revised Capitalism of Keizai Doyukai in Postwar Japan

Abstract:  Keizai Doyukai (The Japan Committee for Economic Development) proposed a unique management ideology known as "revised capitalism" immediately after World War II. Doyukai was a totally new business association established by young managers in 1946, and this was in sharp contrast with Keidanren, which evolved from its prewar predecessor. The concept of revised capitalism consisted in the equilibrium of management, labor, and capital on an equal power basis, and had a solid theoretical foundation. Although it was an important milestone in the history of management ideology, it has been misinterpreted to date. In particular, it is commonly believed that Banjo Otsuka, one of Doyukai's inaugurators, imitated the ideas of Western management thought in Burnham's The Managerial Revolution and Berle and Means's The Modern Corporation and Private Property in formulating revised capitalism. This comparative analysis reveals otherwise. I hold that Otsuka enhanced the role of labor and blended the prewar management thought of Japan with the ideologies of Burnham and of Berle and Means. The role of labor was critical because the initial occupation policy of SCAP (Supreme Commander for the Allied Powers) encouraged the labor movement. It also explains why revised capitalism disappeared so rapidly once SCAP changed its policy and started to suppress labor unions in 1948. In broader terms, this analysis has two theoretical implications: that political context can strongly influence the rise and decline of a management ideology; and that a management ideology can retain certain traditional elements even under radical political changes.     

The Imperial and Transpacific Origins of Chinese Capitalism

This article restores early colonial Hong Kong to a key role in the history of capitalism and the integration of the Pacific. It argues that in the 1840s Hong Kong became the first identifiably capitalist Chinese society and a nexus between the China coast and both the expanding British and US imperial systems. It first demonstrates how Hong Kong's colonial regime swiftly re‐structured the island's social‐property relations and scaffolded its residents toward the ceaseless accumulation of capital. It then examines how this nascent node of Chinese capitalism integrated with the westward expansion of American capitalism amid the California Gold Rush and concludes by analyzing how Hong Kong's transpacific networks facilitated the expansion of capitalist systems into late nineteenth‐century China, most especially Shanghai.     

Veblen and Weber, on the Spirit of Capitalism

Abstract Sociology has benefited from inquiries into the theoretical potential in the writings associated with individual 'authors', as well as from the examination of research 'topics' through the works of two or more writers. Of these complementary approaches, the latter provides the basis for this essay. The focus here is on the 'spirit' of modern capitalism from the standpoint of the formulations by Veblen and Weber. These writers provide alternative hypotheses on the decisive variable instrumental to the spirit of capitalism, namely, technology and religion respectively. In most other respects there is remarkable similarity in the two writings. The present analysis has enabled the comprehension of the spirit of capitalism in terms of four sequential phases. These are: early capitalism (capitalism as spirit); early-modern capitalism (capitalism as spirit and economic organization); late-modern capitalism (spiritless capitalism); and post-modernity (society in need of a spirit).     

The Making of Entrepreneurial Islam and the Islamic Spirit of Capitalism 1

This essay examines the relationship between Islam and economy through a case study of Islamic entrepreneurs in Turkey. It analyzes the cultural politics of Islamic entrepreneurs and examines the Islamization of capitalism and the construction of entrepreneurial Islam by probing the interpretative activities of Islamic actors who deconstruct and reconstruct the relationship between Islam, economy and entrepreneurship. The construction of Islam as incompatible with and antagonistic to capitalism has a long history. Vestiges of such thinking still continue to be reflected in contemporary accounts that depict the encounter between Islamic societies and forces of global capital as a hostile battle, each trying to outdo the other. It can be argued that this confrontational scenario is not limited to Islamic world, but also displayed in other accounts that study the meeting of forces of capital with those of local cultures at a global scale. This essay attempts to challenge such dualist accounts that oppose “global capital” and “local culture”, and shows how such dualisms fail to see how capitalism and culture interpenetrate and transform each other. The essay attempts to show that a new synthesis between religion and capitalism is unfolding where culture has not been outdone but is creatively transformed and integrated to capitalism, while capitalism is made a part of “one’s culture”.     

Sidestepping Capitalism: on the Ottoman Road to Elsewhere*

Abstract Mapping productivist logic derived from the history of capitalism onto the rest of the world blocks the view of alternative systems, and their internal logic. Theories of the capitalist state can capture neither the nature of the non-capitalist states nor those states’ social and economic relations. Our alternative formulation of the Ottoman state disassociates class, property, and distribution from the sphere of production and associates them with the state. Thereby, Ottoman history sheds its petrified cloak and the Ottoman state comes to life; motion, change and class conflict are things Ottoman once again.     

Capitalism and the Modern Nation-State: Rethinking the Creation of the Turkish Republic

Abstract This paper proposes an alternative to the modernization. dependency and bourgeois-revolution accounts of the creation of the Turkish Republic. It presents a theoretical framework for a materialist, but non-instrumentalist. analysis of the modern nation-state and the ideology of nationalism, and places the history of transformation from the patrimonial Ottoman Empire into the modern Turkish Republic within that theoretical framework. It argues that this transformation took place incrementally, during the nineteenth and early twentieth centuries, in a process of Ottoman resistance-and-accommodation to globally expanding capitalism.     

The Modern World-Systemas environmental history? Ecology and the rise of capitalism

This article considers the emergence of world environmental history as a rapidly growing but undertheorized research field. Taking as its central problematic the gap between the fertile theorizations of environmentally-oriented social scientists and the empirically rich studies of world environmental historians, the article argues for a synthesis of theory and history in the study of longue dureesocio-ecological change. This argument proceeds in three steps. First, I offer an ecological reading of Immanuel Wallerstein's The Modern World-System. Wallerstein's handling of the ecological dimensions of the transition from feudalism to capitalism is suggestive of a new approach to world environmental history. Second, I contend that Wallerstein's theoretical insights may be effectively complemented by drawing on Marxist notions of value and above all the concept of metabolic rift, which emphasize the importance of productive processes and regional divisions of labor within the modern world-system. Finally, I develop these theoretical discussions in a short environmental history of the two great commodity frontiers of early capitalism – the sugar plantation and the silver mining complex.     

Capitalism as a social movement: the corporate and neoliberal reconstructions of the American political economy in the twentieth century

This paper examines the ways in which social movements based among leading capitalists have remade the US political economy. In the first part we examine the period from the late 1880s through the 1920s, sketching the emergence of a hegemonic movement that accomplished the re-embedding of capitalist social relations during the corporate reconstruction of American capitalism. In the second, we examine the disembedding of capitalist relations during the contemporary neoliberal era. The paper makes three major arguments. First, capitalists not just subaltern groups resort to collective action outside of institutional channels of authority and power. Second, during organic crises the movements of capitalists will join with movements of subaltern groups to create hegemonic projects, whose disparate supporters are articulated by discourses. Third, the concept of ‘social movement’ itself should be understood as a constituent part of a larger social formation and not sealed off from features of capitalism and the state. Indeed, hegemonic social movements have reconstructed the larger landscape that social movement theory normally takes for granted as a background. In applying this approach to the contested topic of neoliberalism, we argue that it was not primarily a class-based coup, a policy, ideology, or culture shift but a discourse that united elements of the left and the right as well as a ‘historic bloc’ with homes in both major parties. During both periods subaltern groups played an important role in the hegemonic movements that created corporate capitalism and later neoliberalism.     

Reassessing Welfare Capitalism:

This paper develops the argument that a communitarian regime of capitalism might contribute to a society in which economic power is democratically controlled and where full participation is guaranteed, especially for those social groups lacking access to jobs and/or sufficient income. The paper analyzes community- based approaches to social policy in Switzerland and the United States, two western countries with a federalistic political system relying on local and functional communities. It explains the role played by municipalities and trade unions in improving the performance of welfare capitalism when dealing with unemployment and poverty. The examples of community-based approaches to social policy lead to the conclusion that both in addition and complementary to government intervention, modern capitalist societies have to rely on strong local communities and functional associations in order to establish a just social order and to ensure full employment and income security for all.     

Crony Capitalism and Financial System Stability

Prior to the Asian financial crisis, the cozy relationships between corporations, governments, and banks were seen as a potent force for economic growth and development. In this article we examine the institution of crony capitalism. Under conditions in which the Second Welfare Theorem does not hold, there is a role for government. Some governmental institutions do encourage more risky, high-payoff entrepreneurial activities. Our aim is to examine crony capitalism as a potential source of government activity that enhances economic productivity. In addition, we explore the conditions under which the government activity can instigate a financial crisis.     

Days of Labour: Topographies of Power in Modern Peripheral Capitalism. The Case of The Industrial City of Łódź

The article investigates the city of ?ód? as an exceptional case of a settlement constitutive of different kinds and techniques of power typical of nineteenth century industrial capitalism. We consider Foucault's disciplinary power/biopower through the convergence of the paternalistic gaze of the factory owner, and the Tsarist rule in the Scheibler and Grohman industrial establishment and the nearby workers housing estate. The aim of this article is to investigate a specific locus of peripheral capitalism and the relations accompanying it through the Foucauldian analysis of power. We argue that unique and unstable patterns of correlation of power techniques emerged here. Power is no longer strictly related to the temporal matrix or the functional demands of capitalist production, and only temporarily ossified in contingent configurations. While Foucault's canonical theoretical premises and concepts are of explanatory value, the very relations between them become problematic when confronted with the particular entanglement in ?ód?. Therefore we opt for the new paradigm of power analysis through S. J. Collier's “topological analysis”.     

Challenges to the Social Foundations of Capitalism in an Age of Global Economics

Capitalism transforms its own social foundationseven as it holds forth the prospect of continuing humanadvancement. This paper examines changes innation-state, civil society, and democracy in response to the forces of global capitalism. Theseinstitutions, all associated with Western liberalism andthe advent of industrialization, represent forms ofsocial integration important to the success ofcapitalism. However, they appear to be deeply affected byeconomic globalization, and their capacities to ensuresocial stability are in que stion. This analysis leadsto policy directions for reducing the socially-corrosive effects of global capitalism, strengthening thecapacities of foundation social institutions, andexploring a value synthesis between liberalism and moralcommunity.     

Reframing the History of the Competition Concept: Neoliberalism,Meritocracy, Modernity

This paper reframes the concept of competition, arguing that recent tendencies to frame it in the context of neoliberalism are too narrow to grasp its full significance. We need to see how it operates well beyond the capitalist economy, as a social and not just theoretical concept. I contextualise it in a deeper history, going back to the eighteenth century, beginning with an empirical examination of the development of the concept in English language dictionaries and encyclopaedias, using a method of ‘conceptual history’. I show how the concept, its grammatical forms, and characteristic associations have evolved substantially since the eighteenth century. This finding is placed in a broader explanatory context, arguing that it is the combined rise of a set of core institutions of modernity, not just capitalism but also democracy, adversarial law, science, and civil society, that deeply embeds competition in the modern world. The decline of aristocratic and religious authority, and the national subordination of martial power, opened the way for more ‘liberal’ forms of society in which authority is routinely contested through competition, across economy, politics, culture and beliefs. Appreciating this is a necessary step towards truly grappling with the effects of competition on modern life.     

The Genesis of American Capitalism: an Historical Inquiry into State Theory

Abstract We usually think that we know what 'the state' is, even when we embark on a theoretical quest for it. Somehow, the state is closely associated with Government - including bureaucracy and army. Or we sometimes think of it differently, in terms of city-state or nation-state. I had the first notion in mind when I started to research the socioeconomic context of the making of the U.S. constitution. But the historical research forced me to face the vagueness of the concept, and to recognize that it is not only useless, but actually harmful in our understanding of modern societies. This paper is made-up of three parts: the historical narrative of U.S. constitution-making is sandwiched between, first, a deconstruction of the concept of state and, third, an attempt at establishing a new concept of state. I discard along the way the dichotomies of state/civil society and base/superstructure. And I argue for a close integration of theory and history in social analysis.     

Gender and Migration: Historical Perspectives 1

Gender has become a category of concern for many historians of migration in scholarship of the 2000s. This article notes a variety of factors which made it possible and likely for historians to turn to questions of gender. The article surveys historiography on migration and gender as it developed in the late twentieth century and explores some current directions in this scholarship, on a variety of geographic scales: global, national, and local. It emphasizes the need for longitudinal analysis in any study of gender and migration, and notes some approaches to the concept of time used by historians.     

Disabling Pasts,Enabling Futures? How Does the Changing Nature of Capitalism Impact on the Disabled Worker and Jobseeker?

Disability scholars have invested much in a stage theory of capitalism, which affords little scope for disabled workers and job seekers this side of Socialism. Parallel discussions of choices and empowerment rarely penetrates the world of paid employment. Mainstream policy writers meanwhile have been concerned with an atheoretical appraisal of enhancing access to and retention of employment. Neither approach has entered into an examination of the changing nature of employment and the impact of wider relationship between state and capitalism. In this way, the important shift to new social movements in progressing identity and social rights may have overlooked the monumental, but not irreversible loss of power in the enabling state and of old social movements. The article offers a starting point in our understanding of the changing nature of employment, its likely impact on disabled people, whilst asking for a reappraisal of the possible links between old and new social movements.     

Climate Scholarship Needs Du Bois: Climate Crisis through the Lens of Racial and Colonial Capitalism*

A large literature is proliferating on capitalism's role in driving climate breakdown. In this literature, capitalism is seen as the endless pursuit of growth, under which nature and its finite resources are exploited for profit. The climate crisis is the result of these processes. However, capitalism alone cannot explain the racial inequities produced by climate disruption, nor can it account for the disproportionately large contributions of Global North countries toward this crisis. In this article, I develop a Du Boisian approach to the climate crisis, showing how his conception of racial and colonial capitalism can develop our understanding of the causes, dimensions, and effects of the climate crisis. I explain how a Du Boisian approach furthers our understanding of racial and global inequalities in the development and impacts of global warming and in the production of fossil fuels, as well as how racism can shape climate inaction. Finally, I name some limitations of Du Bois' theory and elaborate on how a contemporary, decolonizing approach to the climate crisis might address these.     

Three Ecologies: Urban Metabolism and the Society‐Nature Opposition

This article is an intellectual history of two enduring binaries—society‐nature and city‐countryside—and their co‐identification, told through evolving uses of the concept of “urban metabolism.” After recounting the emergence of the modern society‐nature opposition in the separation of town and country under early industrial capitalism, I interpret “three ecologies”—successive periods of urban metabolism research spanning three disciplines within the social sciences. The first is the human ecology of the Chicago School, which treated the city as an ecosystem in analogy to external, natural ecosystems. The second is industrial ecology: materials‐flow analyses of cities that conceptualize external nature as the source of urban metabolism's raw materials and the destination for its social wastes. The third is urban political ecology, a reconceptualization of the city as a product of diverse socio‐natural flows. By analyzing these three traditions in succession, I demonstrate both the efficacy and the limits to Catton and Dunlap's distinction between a “human exemptionalist paradigm” and a “new ecological paradigm” in sociology.