Here is the first comprehensive exposition of the theory of state capitalism. Using a Marxist theoretical approach, Buick and Crump show that private capitalism and state capitalism are equally suitable institutional arrangements for allowing capital to exploit wage-workers. State capitalism is examined in its Western form of selective nationalisation and in its full-scale form, as found in Russia or China. The origins of Russian state capitalism are traced back to the 1917 revolution and Lenin's ideology. Finally, Buick and Crump suggest the kind of changed social relationships which would allow world capitalism to be replaced by world socialism.
This is the first book to specify the type of economic system that has arisen in Central Asia, replacing the simplistic ideas of 'petro-state' or 'resource dependent.'The book presents three types of state capitalism now established in the former Soviet Union states of Eurasia — crony, dual-sector, and predatory capitalism. It provides first-hand research based on extensive interviewing in the native languages in five of the six. From the political economic perspective, it surveys the source of resources for these authoritarian regimes, their decision-making, and the disposition of government funds, including corruption.
The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.
Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Few discussions in modern social science have occupied as much attention as the changing nature of welfare states in western societies. Gosta Esping-Andersen, one of the most distinguished contributors to current debates on this issue, here provides a new analysis of the character and role of welfare states in the functioning of contemporary advanced western societies. Esping-Andersen distinguishes several major types of welfare state, connecting these with variations in the historical development of different western countries. Current economic processes, the author argues, such as those moving towards a post-industrial order, are not shaped by autonomous market forces but by the nature of states and state differences. Fully informed by comparative materials, this book will have great appeal to everyone working on issues of economic development and post-industrialism. Its audience will include students and academics in sociology, economics and politics.
What forces shaped the twentieth-century world? Capitalism and communism are usually seen as engaged in a fight-to-the-death during the Cold War. With the establishment of the People's Republic of China in 1949, the Chinese Communist Party aimed to end capitalism. Karl Gerth argues that despite the socialist rhetoric of class warfare and egalitarianism, Communist Party policies actually developed a variety of capitalism and expanded consumerism. This negated the goals of the Communist Revolution across the Mao era (1949–1976) down to the present. Through topics related to state attempts to manage what people began to desire - wristwatches and bicycles, films and fashion, leisure travel and Mao badges - Gerth challenges fundamental assumptions about capitalism, communism, and countries conventionally labeled as socialist. In so doing, his provocative history of China suggests how larger forces related to the desire for mass-produced consumer goods reshaped the twentieth-century world and remade people's lives.
Between 1975 and 1979, the Communist Party of Kampuchea fundamentally transformed the social, economic, political, and natural landscape of Cambodia. During this time, as many as two million Cambodians died from exposure, disease, and starvation, or were executed at the hands of the Party. The dominant interpretation of Cambodian history during this period presents the CPK as a totalitarian, communist, and autarkic regime seeking to reorganize Cambodian society around a primitive, agrarian political economy. From Rice Fields to Killing Fields challenges previous interpretations and provides a documentary-based Marxist interpretation of the political economy of Democratic Kampuchea. Tyner argues that Cambodia’s mass violence was the consequence not of the deranged attitudes and paranoia of a few tyrannical leaders but that the violence was structural, the direct result of a series of political and economic reforms that were designed to accumulate capital rapidly: the dispossession of hundreds of thousands of people through forced evacuations, the imposition of starvation wages, the promotion of import-substitution policies, and the intensification of agricultural production through forced labor. Moving beyond the Cambodian genocide, Tyner maintains that it is a mistake to view Democratic Kampuchea in isolation, as an aberration or something unique. Rather, the policies and practices initiated by the Khmer Rouge must be seen in a larger, historical-geographical context.
Capitalism is an exchange economy in which most wealth, from ordinary consumer goods to vast industrial plants and other producer goods, takes the form of commodities, or items of wealth that have been produced with a view to sale on a market. Although states have intervened in capitalism ever since it came into existence, in so far as the aim was merely to interfere with the operation of world market forces, their intervention was only at the level of the division, not the production, of surplus value. However, over the past 100 or so years, there has been a definite trend in capitalism for states to go beyond merely trying to distort the world market, and to involve themselves in the actual production of wealth by establishing and operating state enterprises. If state capitalism is not socialism, what is? In other words, if state ownership and management of production does not amount to the abolition of capitalism but only to a change in the institutional framework within which it operates, what would be the essential features of a society in which capitalism had been abolished?
