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MSP_POD_NLP

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social protection, failing to note that protections have often served to entrench social hierarchies and...
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social exclusions. counter posing a bad economy to a...
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good society, the book flirts with communitarianism and is insufficiently sensitive, sorry, insufficiently... yeah, sensitive.
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to domination. what's needed i want to suggest then is a revision of-
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polanyi's framework. the goal should be a-
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washing domination. and that is precisely the aim of this-
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present lecture. seeking to develop a critique that comprehends society as well-
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as economy, i propose to examine one of polanyi's signature concepts, which i've already mentioned. namely, the-
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of domination. now i'm going to begin by sketching polanyi's idea-
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of fictitious commodification. he claimed as i've already noted that-
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and distribution were organized by what we would call non-economic institutions. for example, kinship, community-
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and on what terms. the idea of a so-called self-regulating market subject only to supply and demand was-
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virtually unthinkable. all that changed, however, with the invention of the utterly novel idea of a-
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market economy. decisively rejecting all-
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previous understandings, proponents of this idea envisioned a separate-
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regulating markets. in other words, the necessary conditions for commodity production would themselves-
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become commodities. but that meant introducing the logic of market relations into virtually every aspect of-
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social life. what was originally envisioned as a-
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separate economy would in polanyi's view, inevitably colonize the surrounding society, remaking the ladder in the image of-
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the former. a market economy, polanyi claimed could only exist in a-
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market society. for polanyi however, this idea of a market economy co-market society is inherently-
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unrealizable. to posit that labor, land and money can be traded like ordinary commodities is to suppose that society can be commodities all the-
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way down. but this assumption, polanyi claimed is entirely fictitious and attempts to implement it are bound-
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to backfire. in reality, labor, land and money have a special-
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foundational status constitutive of the very fabric of-
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of society and the indispensable presuppositions of-
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cultural institutions. human beings would perish from the effects of social exposure and social dislocation. nature would be reduced to its elements, neighborhoods-
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and landscapes defiled. rivers polluted, military safety jeopardized, the power to produce food and raw-
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great writer. now, as we shall see, this passage can be interpreted in more than-
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social reproduction. such efforts are bound to undermine both the constitutive elements of social life and-
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the presuppositions of commodity production and exchange. they are also bound to-
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polanyi's account. their actions set in motion a far reaching crisis in those-
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three dimensions. first, the attempt to create a so-called self-regulating market in that-
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peculiar commodity labor power did indeed demoralize, "the human individual who happened to be the bearer",-
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"this peculiar commodity." fracturing communities, splintering families, and fraying-
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upended agriculture, and sapped the lifeblood of rural communities. even as industry pillaged the world and gouged the earth in-
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pursuit of raw materials while polluting the air and-
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the water. thus this new economic regime did indeed reduce nature to its elements and-
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for capital. now polanyi's ideas seems to me to be-
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remarkably prescient. whatever its merits-
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the period he chronicled. his identification of nature, labor and money as central nodes of crisis is highly pertinent to the-
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21st century. equally important, his conception relates those three flashpoints of crisis to a-
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political economists. capable of connecting those bodies-
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... the thought, it promises to overcome the separatisms that currently divide and weaken critical theorizing.
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in effect, this concept locates all three strands of critique as interconnected moments of a broader critique-
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... interpreted, however. polanyi's account of fictitious commodification rests on some-
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... dubious underpinnings. these stem from the claim made repeatedly in-
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... in the book, that a commodity is a good or service produced-
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... human creation. it has the status of a social convention akin-
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... to language, not that of an object produced for sale. when traded therefore, none of the three behaves like a true commodity. in-
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... each case, an original condition of not having been produced for sale, destabilizes the process-
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... of marketization. absent the proper origins, the would be commodities can only-
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... be fictitious. now, i want to call this the ontological interpretation of-
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... it's problematic, i think, because essentialist, ahistorical, and insensitive to domination. appealing to an-
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... in original condition, the condition of not having been produced-
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... for sale. the ontological interpretation posits that to commodify labor, land, and money is to violate their-
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... inherent nature. as a result, this approach obscures-
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... of power. this interpretation fails to-
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... and money. typically encoded relations of domination. i've already mentioned feudalism, slavery-
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... and patriarchy. all of which, as i noted-
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... before, cast those three constitutive elements of social life as-
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... non-commodities. then two, the ontological-
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... worth preserving. associating change exclusively with decay-
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... solidarities. conversely, the ontological reading-
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... occults the fact that struggles to protect nature and society from-
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... the market are often aimed at entrenching privilege and at excluding outsiders. just think of all the anti-immigrant forms of-
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... social protectionism we see today. ignoring hierarchy-
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... from marketization. precluding consideration of trade-offs, this approach discourages efforts to reckon the pluses and minuses of-
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... such complex historical developments as the introduction of markets into authoritarian command economies or the opening of labor markets to women and-
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... former slaves. all told, the ontological-
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... reading and flex the critique of crisis with a defensive-
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... conservative thrust that is at best insensitive to and at worst-
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... complicit with forms of domination that are not grounded, primarily in-
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... useful model i want to suggest is hegel's argument in the philosophy of right as to why society cannot be contract all the-
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... hegel's argument. we might define fictitious commodification as the attempt to commodify the market's conditions-
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... way down. i want to call this the structural interpretation of-
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... resist commodification. it directs attention rather to the tendency of unregulated markets to destroy their own conditions-
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... the possibility. it constructs those conditions, moreover, as-
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... socially constructed. and, i'm sorry, it construes this conditions as socially constructed and-
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... worth defending. and that marketization can actually foster emancipation by weakening traditional supports-
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... for domination. freed from the communitarian bias of the-
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... capitalist crisis. sensitive not only to desolidarization, but also-
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...to domination. it enhances the critical force of the concept of fictitious commodification. now just let me-
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elaborate briefly. this structural reading of fictitious.
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inherently, self-contradictory character of free.
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market capitalism. it is analogous in this respect to mark's idea of the tendency of the rate of profit,
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which underpins a dimension of crisis. and.
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unlike mark's moreover, pulani's contradictions are not intra economic far from being located within the.
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economic system. they concern the relation between the ladder and its background conditions of possibility. for pulani, finally, each of the.
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common logic. each pertains to a necessary condition of production and exchange, which capitalism.
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simultaneously needs and tends to erode. in the case of the ecological condition.
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of production, what is at stake are the natural processes that sustain life and provide the material inputs for.
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social provisioning. in the case of the social.
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reproduction condition, what is at stake are the socio-cultural processes that supply the solid.
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labor power. in the case of the monetary conditions-
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... in time, what does it stake? in each case-
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... is sustainability. the sustainability of capitalism on the one hand and that of society and nature on-
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... principle then. each strand of crisis lends itself to a structural critique focused on this problem.
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fictitious commodity today is irreparably eroding the natural basis that sustains life and supplies the material inputs for-
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... such depend. marxian and keynesian variants claim that financialization is destroying the monetary presuppositions for-
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