Efforts to ‘green’ civic republican thought link environmentalist with democratic ends. Such efforts cast both as contributions to virtuous world-making that contests ‘actually existing unsustainability’ and, so, seeks to realize freedom as nondomination. In the context of the erosion of both democratic and environmentalist achievements since the 1970s, however, a focus on contestation’s other side, the ‘world-unmaking’ virtue of obstruction, is warranted. ‘Democratic’ interpreters of Niccolò Machiavelli’s work urge such an understanding of political virtue, which they ground not in equal (...) freedom as nondomination but in civic liberty. Civic liberty is realized when all are able (1.) to participate in formulating rules and (2.) to defend procedures sufficient to subject all to constraint by so-formulated rules. Civic liberty therefore requires mobilization of majorities’ latent capacity to (re.1.) contest ‘public’ government decisions and (re. 2.) obstruct elites’ ‘private’ capacity to act with impunity in relation to such rules. This concept offers two insights into the current ‘crises’ of democracy and the environment. First, if, as empirical observers suggest, a significant cohort of elites have ‘seceded’ from electoral democracies, the normative concept ‘civic liberty’ unsettles contestatory presumptions about the deliberative character of contemporary politics. Second, if it is also true that a significant cohort of the poor are ‘seceding’ from mainstream politics out of frustration with the inegalitarian consequences of elite malfeasance, then the emphasis the concept places on the politics of majoritarian veto-power aimed at reining-in elite impunity might be useful to those who hope to make anti-democratic populists less attractive to at least some of this cohort. (shrink)

Recently, many comparativists and democratic theorists have argued that democracy is in imminent peril, even in countries that are thought to be its strongholds. But theorists like Andrew Gamble, Wolfgang Streeck, and David Runciman suggest that some democracies are too embedded to collapse. Instead, they argue these democracies are experiencing long-term structural crises. This article explains how this alternative kind of crisis works. It conceives of legitimacy crises as ‘chronic crises’ in which democratic procedures are contested even as the democratic (...) political system is affirmed. In these crises, democracies are threatened by distortion and deadlock rather than death. The article gives a precise account of chronic legitimacy crises. It treats legitimacy as a scalar concept, going beyond binary views where legitimacy is something a state either has or lacks. It distinguishes periods of chronic crisis from stable periods and from acute crises. It shows how chronic crises are distinctively about legitimacy. It carves out conceptual space for a different kind of legitimacy crisis, and it assists comparativists in thinking about how younger democracies differ from older ones. (shrink)

This article explores the question of how to understand social media following the Habermasian theory of the structural transformation of the public sphere. We argue for a return to political-economic fundamentals as the basis for analysing the public sphere and seek to establish a characteristic connection between digital-behavioural control and singularised audiences in the context of proprietary markets. In the digital constellation, it is less a matter of immobilising the citizen as a consumer but rather of their political activation – (...) albeit in conditions under which commercial interests have primacy: privatisation without privatism. (shrink)

A growing number of left-wing scholars criticize practices of transnational solidarity. Pointing to the cooptation of “globalism” by neoliberal capitalism, these scholars utilize this critique to advance leftwing nationalism. In this article, I reconstruct symptomatic texts of this genre and identify the critique of (liberal) cosmopolitanism as the common denominator in their calls for nationalizing the Left. As a consequence of their opposition to cosmopolitanism, these authors reject freedom of movement or global justice activism. In order to examine whether the (...) project of transnational solidarity is affected by this critique, I reconstruct its justifications in Critical Theory and postcolonial-feminist theory. Hauke Brunkhorst and Chandra Mohanty exemplarily theorize transnational solidarity in different ways, but each based on a substantial critique of liberal cosmopolitanism. By that, I show that a principled return to nationalism derived from a critique of cosmopolitanism is informed by coincidental evidence that rejects practices of transnational solidarity because of their alleged embeddedness in cosmopolitan reason. Drawing on La Via Campesina, I illustrate principles of a transnational solidarity project that is not justified with liberal cosmopolitan ideas. Their experiences challenge the nationalist/statist critique while not falling back into naïve and/or neoliberal cosmopolitanism. (shrink)

Karl Polanyi in The Great Transformation diagnosed what had happened in the Nineteenth Century that led to poverty, increasingly wild economic fluctuations, increasingly severe depressions, and social dislocation and oppression on a massive scale – the market had been disembedded from communities which were then subjected to the imperatives of a supposedly autonomous market. In fact, such disembedding and imposition of these imperatives was a deliberate strategy developed as a means to impose exploitative relations on people, in opposition to ideas (...) of republican democracy. Recognizing this, after such disembedding had engendered a major global depression in the 1890s and an even more severe depression in the 1930s, along with two world wars, reformers largely succeeded in re-embedding markets. This achievement was fought by neoliberals, and their triumph in the 1970s was a really a project of reversion to the Nineteenth Century economic and political order, now upheld by much more powerful forces, including immensely powerful transnational corporations and financial institutions, corrupt politicians, and much more effective mind control industries. As in the Nineteenth Century, it has concentrated wealth and income, destabilized economies, and threatens a new Great Depression and, as a by-product of the tensions generated by global ecological destruction, possibly a new world war. As opposed to Marxist analyses, Polanyi’s analysis provided a much clearer goal to aim at that has not been discredited by the failures of supposedly communist countries. However, there are still huge problems to be overcome if we are to re-embed the market in communities, including the problem of grappling with the immense power of transnational corporations and financial institutions and those who serve them and the success they have had in corrupting the institutions and culture of democracy. This includes not only undermining the power of nations to control their economies and their subversion of democratic processes, but also in promoting passivity in the population to render them inert and powerless. In this paper I will examine proposals, such as those promoted by Arild Vatn in his book Institutions and the Environment, to develop institutions able to achieve this re-embedding. (shrink)

In lieu of Abstract: With inequality of various sorts ballooning worldwide, a critique of democracy has come of age, and a change of political ethos is underway. Against this background, the critique of democracy becomes not only possible but also popular, and examples in China and many Western democracies abound. It is no exaggeration to say, in this context, that sufficient momentum has gathered to qualify the situation as "democratic recession," despite people may have different understandings as to the exact (...) nature of this recession and how long it will last. Accompanying this recession, Confucian political meritocracy, whose aim is to correct the wrongs of democracy, is constructed as an alternative to liberal democracy. Many argue that the end of history is not nigh but will continue in and by Confucian political meritocracy... (shrink)

This article challenges the association between realist methodology and ideals of legitimacy. Many who seek a more “realistic” or “political” approach to political theory replace the familiar orientation towards a state of justice with a structurally similar orientation towards a state of legitimacy. As a result, they fail to provide more reliable practical guidance, and wrongly displace radical demands. Rather than orienting action towards any state of affairs, I suggest that a more practically useful approach to political theory would directly (...) address judgments, by comparing the concrete possibilities for action faced by real political actors. (shrink)

This article argues that capital flight of real investment presents governments with a quadrilemma. First, governments can tailor their policies to attract investors – but this is incompatible with a whole range of alternative policy choices. Second, they can simply accept capital flight – but this is incompatible with a robust capital stock and tax base. Third, they can harmonize its taxes and regulations with other states – but this is incompatible with international independence. Fourth, they can impose capital controls (...) – but this is incompatible with international capital mobility. These incompatibilities make up four different goals, the value of which are described. Strategies may be mixed, but the pursuit of any three goals must always come at the expense of the fourth. (shrink)

Constellations, Volume 29, Issue 1, Page 34-47, March 2022.

This is Part 2 of an article aimed at defending Marx against orthodox Marxists to reveal the possibilities for overcoming capitalism. It is argued that Marx’s general theory of history is inconsistent with his profound insights into alienation and commodity fetishism as the foundations of capitalism. Humanist Marxists focused on the latter in opposition to Orthodox Marxists, but without fully acknowledging this inconsistency and its implications, failed to realize the full potential of Marx’s work. The outcome has been the triumph (...) of “neoliberalism”, effectively a synthesis of the worst aspects of capitalism with Soviet managerialism. In Part 1 of this article I critiqued orthodox Marxism and utilized recent scholarship examining the penultimate drafts of Capital to reinterpret his work. The legacy of orthodox Marxism is still standing in the way of efforts to replace capitalism, however. In Part 2 I argue that the call for an “ecological civilization” brings into focus what is required: a realistic vision of the future based on ecological concepts. (shrink)

Since the global financial meltdown in 2008, moralizing stereo- types of white working-class citizens have proliferated across the United States, the United Kingdom, Australasia, and Europe. Both conservatives and liberals use concepts such as the Appa- lachian hillbilly, the council estate-dwelling chav, and the outer- suburban bogan to allege white working-class citizens’ failure to adapt to the demands of the globalizing political economy. As recent commentators on the Appalachia “problem” note, such moralizing obscures more than it explains, and does so (...) in the service of economic privilege and political power. Comparative examination of the actors and actions behind the erosion of citizenship as a political category in the United States, the United Kingdom, and Australia helps to link contemporary moralizing about the white working class to reaction against the democratic excess that working-class movements directly and indirectly provoked in the mid-twentieth century. Today in Appalachia and beyond, conservative and liberal moralizing about the white working-class “problem” undermines democrats’ capacity to recognize and respond to these efforts to displace citizenship as a political category with the moral category of the individual. (shrink)

Few have treated the critical literature on neoliberalism as an object of study in its own right. Those that have question the literature’s partisanship, theoretical coherence, and explanatory power, denouncing it as a thinly veiled form of leftist politics. Rather than leave the matter there, I pick up the thread and ask the following: if the critical theorization of neoliberalism is a leftist pursuit, what does it do for the left? How does the critique of neoliberalism affect the left’s self-understanding, (...) coherence, direction, and future? In this article, I argue that the critique of neoliberalism defines today’s political left via the negation of its neoliberal Other, is the ideological–discursive means by which the left articulates its diverse constituencies, and builds theoretical resources necessary for the left to go beyond marriages of convenience and achieve unity. Regarding the latter, the literature augurs a left battling for the subjectivity of popular actors, with solidarity, social freedom, and democracy as both the weapons and the stakes. I conclude the article by reflecting on what often goes missing in the literature – namely, Kapitalkritik and socialism – and the significance of these omissions for the left in light of the arguments above. (shrink)

According to Streeck and Vogl, the neoliberalization of the state has been the result of political-economic developments that render the state dependent on financial markets. However, they do not explain the discursive shifts that would have been required for demoting the state to the role of an agent to bondholders. I propose to explain this shift via the performative effect of neoliberal agency theory. In 1976, Michael Jensen and William Meckling claimed that corporate managers are agents to shareholding principals, which (...) implied that their main task was the procurement of shareholder value. Agency theory subsequently prescribes a series of measures to ensure the alignment of principal and agent interests in corporations. The diffusion of agency theory, however, moved beyond corporate governance to reconfigure the state. Due to its reliance on capital markets, the state supposedly likewise becomes an agent of the investment public and should procure bondholder value. (shrink)

In the beginning of the 1970s, Michel Foucault dismisses the terminology of ‘exclusion’ for his projected analytics of modern power. This rejection has had major repercussions on the theory of neoliberal subject-formation. Many researchers disproportionately stress how neoliberal dispositifs produce entrepreneurial subjects, albeit in different ways, while minimizing how these dispositifs sometimes emphatically refuse to produce neoliberal subjects. Relying on Saskia Sassen’s work on financialization, I argue that neoliberal dispositifs not only apply entrepreneurial norms, but also suspend their application for (...) groups that threaten to harm the population’s profitability. Neoliberal dispositifs not only produce entrepreneurial subjects, but also surplus populations that are expelled from the overall population to maintain its productivity. Here, the concept of ‘exclusion’ is appropriate if understood in Agamben’s sense of an inclusive exclusion. The surplus population is part of neoliberal dispositifs, but only as the element to be abandoned. (shrink)

When should binding debt contracts not be repaid? This article argues that whenever the repayment of sovereign debt threatens the human rights of the citizenry, this provides a weighty normative reason to prioritize the fulfilment of the latter over the former. Since there are specific, non-coincidental reasons to fear that a high indebtedness of states may result in the undermining of the socio-economic and the collective human rights of a state’s citizenry, the more specific thesis defended in this article is (...) the following: whenever debt repayment undermines the socio-economic and collective human rights of the state´s citizenry, states have a normatively weighty reason to prioritize the fulfilment of the citizen’s human rights over meeting their contractual debt payment obligations vis-à-vis their creditors. (shrink)

Why did millions of people respond to the failures of neoliberal capitalism by voting in leaders that further undermine their existence? In this article, I combine the insights of the early Frankfurt School Critical Theory (Theodor W. Adorno) with the insights of psychoanalytic theory (Sigmund Freud) to show how economic factors interact with psychological factors in the rise of the far-right today. The propaganda techniques used by far-right leaders create conditions in masses that are akin to hypnoses. Such techniques induce (...) regressions in far-right followers in which the unconscious predominates, and far-right leaders use to manipulate the masses. To further detail the theoretical framework, I analyze a Trump rally and an interview with a Trump follower. (shrink)

My article provides a systematic interpretation of the transformation of capitalist society in the neo-liberal era as a form of what Karl Polanyi called ‘cultural catastrophe’. I substantiate this claim by drawing upon Erich Fromm’s theory of social character. Fromm’s notion of social character, I argue, offers a plausible, psychodynamic explanation of the processes of social change and the eventual class composition of neo-liberal society. I argue, further, that Fromm allows us to understand the psychosocial basis of the process that (...) Polanyi calls cultural catastrophe. This requires an elucidation of the major social forces of financialization and emancipation which, I argue, proved to be important formative factors in the emergence of neo-liberal society. The cultural catastrophe of neo-liberalism concerns the working class, whose prevailing social character has become misaligned with the new expectations and requirements of neo-liberal society. (shrink)

As an emancipatory political project, cosmopolitanism always invited skepticism. This paper focuses on the economic-progressivist line of critique of cosmopolitanism, which has gained momentum in recent years. This critique is based on real concerns that the economic left must prioritize and integrate into its thinking; however, it is also fatally flawed. Any progressive project that takes seriously strong democratic self-determination for all peoples needs some version of a commitment to a global order that is democratically politically integrated, and this means (...) stronger forms of supranational political integration, not weaker ones. I argue that the allure of progressive economic statism rests on erroneous assumptions about the character of the Westphalian state system and its relation to the evolution of global capitalism, which give a misleading impression that this system is somehow less friendly than neoliberal globalization to capitalist imperatives for extraction, accumulation, and growth. But there are equally expropriative and violent versions of capitalism that thrive in a closed Westphalian world. With great power rivalry once again emerging as a structuring feature of world order, signs of such versions are already making their appearance today. (shrink)

This article explores both how the debtor became a key actor in contemporary society and relatedly how indebtedness went from being a deplorable, exceptional condition to be avoided to a normal everyday precondition of modern life. Personifying the credit side of futurity, possibilities, enjoyment or accumulation, the debtor is an ambivalent and precarious actor, never an end unto itself, but always a means to something else. The debtor is always embedded in cautionary tales. She or he needs to redeem and (...) discipline her-/himself to become economically sound and accepted within the free market order. In line with this, while crucial for the functioning of neoliberal society, the debtor has not been a project or focus of neoliberal theory. This article explores how the debtor – despite debt being a prominent part of neoliberalism, was not theorized by neoliberals but by their critics both within academia and in activist circles. (shrink)

This article argues that capital flight of real investment presents governments with a quadrilemma. First, governments can tailor their policies to attract investors – but this is incompatible with a whole range of alternative policy choices. Second, they can simply accept capital flight – but this is incompatible with a robust capital stock and tax base. Third, they can harmonize its taxes and regulations with other states – but this is incompatible with international independence. Fourth, they can impose capital controls (...) – but this is incompatible with international capital mobility. These incompatibilities make up four different goals, the value of which are described. Strategies may be mixed, but the pursuit of any three goals must always come at the expense of the fourth. (shrink)

Scholars of political thought often view Plato as a ‘political moralist’, or a ‘utopian’ partly due to the Republic’s emphasis on ‘justice’. But in the Republic, Plato offers a distinctive theory of legitimacy, one that grounds legitimacy on an interdependent relationship between justice and moderation. Justice requires that the principle of specialisation be respected, while moderation requires that citizens agree about who should rule. But citizens will only agree if their ‘necessary’ desires are satisfied. Conversely, the ‘necessary’ desires can only (...) be satisfied when the principle of specialisation is maintained. In this way, justice requires moderation, and moderation requires justice, and both are necessary for legitimacy. Plato’s theory of legitimacy is positioned in relation to existing accounts, especially those of John Rawls and Bernard Williams. It is shown that Plato’s theory is a genuine theory of legitimacy, not a theory of acquiescence. In the concluding section, Rawls’ theory is subjected to a critique based on Plato’s theory. (shrink)

The political public sphere is important for democracy, and it is changing – this is how the quintessence of Jürgen Habermas’s monumental study on The Structural Transformation of the Public Sphere (1989) could be summarized in simple words. In the fields of political sociology and social theory, history, but also research on social movements, cultural studies, and media and communication studies, his conception of the public sphere as a sphere mediating between the state and civil society has had a decisive (...) influence on the debate about the potential of collective reason for modern democracy. In this introduction we give a short overview of Habermas’s arguments on the rise and fall of the bourgeois public sphere, demonstrate the necessary link between the public sphere and democracy and, referring to the contributions to this special issue, sketch current transformations of the public sphere along three basic processes – digitalization, commodification, and globalization. (shrink)

Philosophy & Social Criticism, Volume 48, Issue 10, Page 1480-1493, December 2022. By applying the concept of democracy and the state proposed by Richard Rorty, the article aims to make a theoretical contribution to understanding frames of political mobilization and solidarity. While Rorty’s conceptual instruments stem from the field of epistemology and moral philosophy and have, so far, not been widely applied to theorizing statehood in general and labour market policy in particular, his ideas can help to understand leftist politics (...) between inter- and re-nationalization. By drawing on empirical findings on debates and negotiations between European trade union organizations, the text proposes an idea on how to overcome a dualistic framework beyond a footloose cosmopolitanism and national protectionism. (shrink)

There is an extensive body of literature detailing the forces behind and experiences of alienation in a modern capitalist world. However, social scientific interest in alienation had become parochial and balkanized by the 1970s. To reconstruct a unifying theory of alienation that addresses general features of capitalism, such as compulsory growth and commodification, and particular phases like financialized capitalism, we begin with the notion of futurelessness. Futurelessness refers to a deficient relationship to the future in which people’s senses of possibility (...) ossify, narrow, or dissipate. It may result from inclusion in and exclusion from capitalist mechanisms or processes. Moreover, processes of inclusion and exclusion may appear more voluntary or involuntary. With these general terms, we identify four manifestations of futurelessness in financial capitalism: commercial exhaustion, imaginative marginalization, therapeutic nowism, and pragmatic denialism. The conclusion addresses future-sustenance in an alienating world and the prospects of a more systemic and synthetic approach to alienation. (shrink)

Despite the burgeoning literature on right-wing populism, there is still considerable uncertainty about its causes, its impact on liberal democracies and about promising counter-strategies. Inspired by recent suggestions that (1) the emancipatory left has made a significant contribution to the proliferation of the populist right; and (2) populist movements, rather than challenging the established socio-political order, in fact stabilize and further entrench its logic, this article argues that an adequate understanding of the populist phenomenon necessitates a radical shift of perspective: (...) beyond the democratic and emancipatory norms, which still govern most of the relevant literature. Approaching its subject matter via democratic theory and modernization theory, it undertakes a reassessment of the triangular relationship between modernity, democracy and populism. It finds that the latter is not helpfully conceptualized as anti-modernist or anti-democratic but should, instead, be regarded as a predictable feature of the form of politics distinctive of today’s third modernity. (shrink)

Numerous scholars in the social sciences and humanities have speedily analysed and interpreted the COVID-19-induced social and political crisis. While the commitment to address an urgent topic is to be appreciated, this article suggests that the combination of confidence in the applicability of one’s tools and belief in the certainty of the available knowledge can be counter-productive in the face of a phenomenon that in significant respects is unprecedented. Starting out from the plurality of forms of knowledge that are mobilized (...) to analyse COVID-19 and its consequences as well as the lack of any clearly hegemonic knowledge, the article tries to understand how a limited convergence in the politico-medical responses to the crisis emerged, and speculates on what would have happened if this had not been the case. In conclusion, it is argued that this pandemic demands a greater awareness of the uncertainty of our knowledge and of the consequences of our actions, both in terms of being situated in time and of aiming at timeliness. (shrink)

Journal of Social Philosophy, EarlyView.

ABSTRACT Capitalism on Edge aims to redraw the terms of analysis of the so-called democratic capitalism and sketches a political agenda for emancipating society of its grip. This symposium reflects critically on Azmanova’s book and challenges her arguments on methodological, thematic, and substantive grounds. Azar Dakwar introduces the book’s claims and wonders about the nature of the anti-capitalistic agency Azmanova’s ascribes to the precariat. David Ingram worries about Azmanova’s deposing of “economic democracy” and the impact of which on the prospect (...) of radical change she advocates. William Callison casts doubt over the empirical plausibility of Azmanova’s vision of crisis-free transition out of democratic capitalism. Eilat Maoz interrogates Azmanova’s emancipatory project from the historical standpoint of (de)colonization and global imperialism. In her reply to these criticisms, Azmanova accepts some and parries others, while bringing their points closer to her anti-capitalist vision. (shrink)

The idea of predistribution has the potential to offer a valuable and distinctive approach to political philosophers, political scientists, and economists, in thinking about social justice and the creation of more egalitarian economies. It is also an idea that has drawn the interest of politicians of the left and centre-left, promising an alternative to traditional forms of social democracy. But the idea of predistribution is not well understood, and stands in need of elucidation. This article explores ways of drawing the (...) conceptual and normative distinction between predistribution and redistribution, examining those general categories when considering the roles of public services and fiscal transfers, and looking at the ways in which government policies can empower and disempower different individuals and groups within the economy. This article argues that the most initially plausible and common-sensical ways of drawing the distinction between predistributive and redistributive public policies collapse when put under analytical pressure. It concludes that the distinction between predistribution and redistribution is best seen in terms of the aims or effects of policies rather than a deeper division of policy types, and argues that, once seen in those terms, predistribution is a central concern of social justice. (shrink)

Contemporary ‘crisis studies’ seek to advance democracy by emphasizing the threats that technocracy and populism pose to a specific form of it, liberal-democracy. Crisis studies argue that, since the 1970s, technocratic policymaking has deepened economic inequality. This has fostered citizenly anger, which populists exploit. Four well-known iterations of this argument are evaluated using a political realist lens. Political realism emphasizes the historical context of politics, actors’ possible motives, and a normative orientation derived from the political order itself, rather than an (...) external ethico-moral ideal. The realist lens encourages comparison of crisis studies with historical political theory, which situates liberal-democracy within the long-term development of oligarchic systems of authority, and political history, which portrays technocracy as a product of the well-funded reaction to assertions of the democratic impulse that began in the 1970s. Populism is in this view not so much a perversion of liberal-democracy as it is a perhaps unintended consequence of anti-democratic reaction. The crisis studies make this error because based on a moral defence of the justice of the liberal-democratic order. Revealing the democratically unhelpful moralism at the core of crisis studies demonstrates the usefulness of political realism as a form of applied political theory, and not simply theory about theory. (shrink)

There is limited evidence that socially responsible investment (SRI) strategies can resolve persistent concerns brought up in scholarship on the industry, particularly as it relates to considerations of justice. It is critical that SRI initiatives be interrogated about their broader impacts on environmental inequality and justice in the context of global power relations. Drawing upon environmental justice (EJ) theory, we propose a framework for transformative investment to halt the exploitation of humans and environment in pursuit of profit. We posit that (...) transformative investment initiatives, including those related to strategies of screening and shareholder resolutions, would reflect three general conditions of environmental justice. They would require (1) cumulative responsibility that focuses on holistic gains so that investment initiatives do not replace one harm with another; (2) embedded accountability that is rooted in the decision-making and concerns of directly impacted communities; and (3) counter-hegemonic practices that are integrated with broader strategies and movements that challenge structures of oppression and exploitation. Through these principles, we address problems with SRI that have already been identified in scholarship on the subject. Moreover, we draw upon Antonio Gramsci’s concept of ‘strategic power’ to conceptualize the conditions and actions necessary for transformative investment to take root. (shrink)

Is realism in political theory compatible with utopianism? This article shows that it is, by reconstructing a highly restrictive realist approach to political theory for guiding legislation and public policy, drawn from the work of Adam Smith, and showing how it can accommodate Piketty’s utopian proposal for a global tax on capital. This shows not only that realism and utopianism are compatible; but how realist and utopian political theory can be carried out in concrete cases. This moves debates to more (...) interesting questions of which forms of utopianism are permissible within which forms of realism; contributes to moving the contemporary realism debates from a Methodenstreit to questions of how it can and ought to be done; and contributes to an important contemporary debate about the permissibility of utopian proposals for political and economic reform in general and Piketty’s proposed global tax on capital in particular. (shrink)

Central banks have accumulated unparalleled power over the conduct of macroeconomic policy. Key for this development was the articulation and differentiation of monetary policy as a distinct policy domain. While political economists emphasize the foundational institutional changes that enabled this development, recent performativity-studies focus on central bankers’ invention of expectation management techniques. In line with a few other works, this article aims to bring these two aspects together. The key argument is that, over the last few decades, central banks have (...) identified different strategies to assume authority over “expectational politics” and reinforced dominant institutional forces within them. I introduce a comparative scheme to distinguish two different expectational governance regimes. My own empirical investigation focuses on a monetarist regime that emerged from corporatist contexts, where central banks enjoyed “embedded autonomy” and where commercial banks maintained conservative reserve management routines. I further argue that innovations towards inflation targeting took place in countries with non-existent or disintegrating corporatist structures and where central banks turned to finance to establish a different version of expectation coordination. A widespread adoption of this “financialized” expectational governance has been made possible by broader processes of institutional convergence that were supported by central bankers themselves. (shrink)

This paper deals with Care of the Self under globalization. The first part refers to Johann P. Arnason’s interpretation of Jan Patočka’s work on super-civilization and shows the contradictions facing people in the Modern Era. It suggests that the concept of moderateness is an adequate point of departure for handling the various contradictions of the current epoch. The second part looks at selected aspects of Confucian philosophy in which moderateness, that is, the permanent search for a “middle position” is an (...) integral part of that philosophical tradition. The critical actualisation of Confucianism as proposed for instance by Heiner Roetz is seen as an appropriate way of developing the dialogical characteristics of Confucian philosophy. In the last part it is stressed that critical theory is of relevance when identifying various forms of suffering and because of its ability to understand and critically evaluate diverse cultural and social contexts. (shrink)

The contemporary global crisis can be explored in different perspectives. This text focuses on constitutionalism. It asks whether constitutionalism still matters. Responding to this question requires revisiting the basic analytical and normative concepts that shape individual autonomy, polity, law and democracy in the context of globalization. Part I of the article introduces the question of the crisis of constitutionalism. It briefly explores the dispute between proponents of state and post-state constitutionalism, and proceeds with an analysis of societal constitutionalism. The critical (...) reading of this theory prepares the ground for a positive normative argument. Part II of the article argues for the return to the moral core of constitutionalism. It defends the claim that justice at the global stage requires establishing a minimum common denominator that would be composed of universalizable substantive principles. The institutional question follows. Its focus should be on the authoritative identification, protection and advancement of the core values of constitutionalism in the social and legal-political realms of the world society. (shrink)

Constellations, Volume 29, Issue 3, Page 375-392, September 2022.

This paper discusses global reserve currencies from the perspective of structural global justice. Drawing on notions of structural justice and background justice, it suggests that the structures of global finance, by creating positions of privilege and disadvantage, can lead to injustices both with regard to distributive outcomes and with regard to domination. While the role of the dollar and Euro as global reserve currencies are not the only factors that contribute to these structural injustices, they need to be taken into (...) account to fully grasp the dynamics of global finance. They also have an impact on other mechanisms, such as sovereign debt, capital flows, and the governance of international financial institutions. The paper’s arguments support the claim that one cannot conceptualize global justice as justice between independent states. Rather, the global monetary regime constitutes a case of “background injustice” (Ronzoni 2009). (shrink)

This article recounts the backlash against the neoliberal constitutionalism that locked in free trade and capital rights through the multilateral treaty organizations of the 1990s. It argues that we can find important forces in the disruption of the status quo among the elite losers of the 1990s settlement. Undercut by competition from China, the US steel industry, in particular, became a vocal opponent of unconditional free trade and a red thread linking all of Trump’s primary advisers on matters of trade. (...) Steel lobbyists themselves helped frame a critique of actually existing neoliberal globalism, which Trump both adopted and acted on as part of his trade war. By searching for the contemporary attack on neoliberal constitutionalism among the disgruntled corporate elite, we find that our current crisis must be framed as a backlash from above as well as one from below. (shrink)

In this article, I examine what the ethical and political implications of conceptualizing and practicing philosophy for/with children in the neoliberal debt economy are. Though P4wC cannot alone bring about any significant transformation of debt political-economic realities, it can play an important role in cultivating oppositional debt ethics and consciousness. The first half of this article situates P4wC within the current global debt economy. Here, I summarize the analyses made by critical theorists of the ways that debt impacts public institutions, (...) and shapes individual subjectivity. The second half of this article builds on Michel Foucault’s conceptualization of “counter-conduct.” For Foucault, counter-conduct is an ethical/political act of resistance against governmentality, one that makes possible alternative social relations and ways of being in the world. I argue in this section that P4wC should be conceptualized, and practiced, as form of counter-conduct that challenges power in the debt economy. Both the form of P4wC pedagogy, and the content that can be taken up in a collective manner in communities of inquiry, make P4wC a potential site for debt counter-conduct practices. Thought of as counter-conduct, P4wC is an educational practice with liberatory promise. I conclude this piece with brief ruminations on practicing P4wC in the time of COVID, and during the uprisings around the world against racial capitalism. It is suggested here that P4wC not only be practiced within formal education settings, but also in the social movements that are fighting to bring into being a world more just for all of us. En este artículo, examino cuáles son las implicaciones éticas y políticas de conceptualizar y practicar la filosofía para / con niños en la economía de la deuda neoliberal. Aunque P4wC no puede provocar por sí solo ninguna transformación significativa de las realidades político-económicas de la deuda, puede desempeñar un papel importante en el cultivo de una ética y una conciencia de la deuda opuestas. La primera mitad de este artículo sitúa a P4wC dentro de la economía de deuda global actual. Aquí, resumo los análisis realizados por teóricos críticos sobre las formas en que la deuda afecta a las instituciones públicas y configura la subjetividad individual. La segunda mitad de este artículo se basa en la conceptualización de la "contra-conducta" de Michel Foucault. Para Foucault, la contra-conducta es un acto ético / político de resistencia contra la gobernamentalidad, que posibilita relaciones sociales y formas de estar en el mundo alternativas. Sostengo en esta sección que P4wC debe conceptualizarse y practicarse como una forma de contra-conducta que desafía el poder en la economía de la deuda. Tanto la forma pedagógica de P4wC, como su contenido adoptados de manera colectiva en las comunidades de investigación, hacen de P4wC un sitio potencial para las prácticas de contra-conducta de la deuda. Pensada como una contra-conducta, P4wC es una práctica educativa con promesa liberadora. Concluyo este artículo con breves reflexiones sobre la práctica de P4wC en la época de COVID y de los alzamientos en todo el mundo contra el capitalismo racial. Aquí se sugiere que P4wC no solo se practique dentro de los entornos de educación formal, sino también en los movimientos sociales que luchan por crear un mundo más justo para todos nosotros. Key Words: Debt, Philosophy for/with Children, Counter-Conduct. (shrink)

This article develops a line of theorising the relationship between peace, war and commerce and does so via conceptualising global juridical relations as a site of contestation over questions of economic and social justice. By sketching aspects of a historical interaction between capitalist accumulation, natural rights and state hegemony, the article offers a critical account of the limits of liberal international law, and attempts to recover some ground for thinking about the emancipatory potential of international law more generally.

Oriented, descriptively, by recent liberal definitions of populism, this essay pursues a historical-materialist definition that grounds populist antagonisms in class struggles as ‘crystallised’ in the capitalist state. A critical assessment of Laclau’s early equation of populism and socialism inaugurates the reading of Poulantzas’s relational account of class and state as a nascent framework for a theory of populism, centred on the state and its ideological crystallisation of individualisation, the mental/manual-labour division and the ‘people-nation’. This framework is then expanded to articulate (...) the political-economic core of populist antagonisms, the specific character of ‘neoliberal populism’ today, and the potential, in relation to theories of ‘popular politics’ and a ‘communist people’, that left-wing populism might hold as a process of new political productions of class. This reading provides for a more expansive account of such movements’ potentials, beyond a threat to or correction of pre-determined democratic or Marxist schemas. (shrink)

This article analyses the constitutional crisis that was triggered in Chile by the events of 18 October 2019. The purpose is to explain the link between the constitution and social unrest and to explore whether a constituent process, such as the one designed in Chile, has the potential to address the unrest that produced it. The failed experience of Bachelet’s constituent process and the Latin American reform processes of the last thirty years show the threats and challenges of the future (...) Chilean constitution. (shrink)

Democracy is in serious difficulties. Three features of the crisis stand out. First is the dominant culture of disillusionment in democracy, which transpires as the mistrust in constitutionalist institutions and values. Second, political authority, both at domestic and international levels, is largely substituted by the rule of non-transparent and unpredictable social powers. Third, democratic states are deprived of much of their capacity to govern, but they retain a non-negligible capacity to coerce.The article is structured as follows. Section I introduces Karl (...) Polanyi’s concept of embeddedness and juxtaposes it to the theoretical defense of market disembeddedness advanced by the classical political economy. It then points to the challenge that the complexity of the contemporary society poses to the idea of embeddedness and identifies the need for further analytical clarification of the idea. Section II tries to explain why the idea of embeddedness is intuitively suspect. One reason is found in the domi... (shrink)