The reluctance of radicals to engage with policy or make specific demands is a reflection of this, the fear that anything we propose will be tainted by being born into our fallen world Utopia or bust capitalist injustice.
He explores the peculiar durability of the wage-induced profit squeeze hypothesis, born of the s, when economists across the spectrum diagnosed low unemployment and increasing wage demands of workers as the cause of stagflation.
Our recent past tells us that things will just get worse. One of the most engaging of these has been The Jacobin with its sharp and sparky explorations of current affairs and ways of thinking about those affairs.
The difference is that radicals have a grander vision, and take these steps in pursuit of utopia, however vaguely sketched, rather than to prop up a flawed status quo. The First 5, Years," seem more approachable.
Benjamin Kunkel appeared in the news not too long ago. Both Harvey and Brenner prioritise economic issues and debates, something too often nodded to but by-passed in leftish debates. To Kunkel, markets are neither inherently flawed nor synonymous with capitalism.
This is not to say Utopia or Bust is devoid of theoretical rigor or insight. Some forms of change are predicated on the practical needs of necessary dreams. That is something to keep in mind while reading, and not only then.
To see The Jacobin embark on a publication project with Verso, then, is quite exciting.
The entanglement of the personal and the authorial renders Utopia or Bust a fun and pressing read. And so even something as hope-inspiring as the Occupy uprisings struggled to develop beyond an expression of mass discontent.
None of this sounds very entertaining, but Kunkel makes it so, thanks in large part to a writerly dexterity and a cerebral charm. And "Utopia or Bust" is an invitation to dream such dreams, even while it maps the economic contours of our all-too-real present. We start with a hunch that the system is flawed, and begin to hone this suspicion into conviction as we identify one flaw after another.
The liberals who helped enact the welfare state might have supplied the strategy to get there, but the project was never uniquely their own.
Utopia or bust, his glosses on Harvey, Jameson, Brenner, and Graeber are more readable than those authors, and a great framework for tackling the source material.
Kunkel considers various Marxish interpretations of what caused the financial crisis, each of which grapples with what went wrong at a systemic level. See his work on debt dynamics, showing how households became more indebted since the s for reasons having nothing to do with irresponsibly borrowing more.
This is the problem with having as your opponent something systemic, something so totalizing as neoliberalism or postmodern late capitalism, whatever you want to call it.
True enough, in its own tautological way, but then what? To develop our own theories and nurture a shared vocabulary is a daunting task. Kunkel was one of two-dozen protesters, all of whom were awarded an afternoon in jail for their pluck.
Indecision is rarely tolerated. Frederic Jameson may be less well-known in activist circles, and both Robert Brenner and Boris Groys known to even fewer. But who knows what the spirit of the times may require? As radical economist J. But the only way this works, the only way we might be different from and doing more than liberals, is if our reformism is the product of a radical mindset, discussed in a radical vocabulary, in service of a radical goal.
Kunkel is a sharp essayist. In essence, I said something just this side of flip like, "Well, considered in the context of capitalism in general, is it shocking that an influx of private capital trying to secure for itself the highest return on its investment should show scant regard for those who stand before new wells of profit?
In a cultural moment defined by inequity, any contribution to raising our collective economic literacy is commendable. For those interested in what happens if a modern economics training is paired with a thorough understanding of Marx, the aforementioned J. Where mainstream coverage has looked at failures of banking regulation, overly lenient monetary policy, or other flaws that could be patched up with a bit of reform, these theories look at the dynamics of capital itself.
But is that all we really need, to bring these great ideas out of the academy and down to the people? Kunkel points out that this old leftist habit of pitting reform against revolution is misguided; he notes that the post-WWII growth of the welfare state was accompanied by an era of labor and student activism—a radical hopefulness that is absent in our neoliberal era.
Are we already drowning, or are we surviving a catastrophe together, requiring each of us to do our part in the paddling? The reader is greeted by a tableau of a sinking cargo ship and a handful of peopled lifeboats bursting forth in fluorescent yellows, oranges, and pinks.
Doubtless, there are those who are allergic to any mention of the M-word.And "Utopia or Bust" is an invitation to dream such dreams, even while it maps the economic contours of our all-too-real present. Next up Here are more stories that look at the news with empathy.
2 UTOPIA OR BUST achievement.
The essays here no more than allude to the ecological and political dimensions of the crisis that burst into view inand they ignore altogether its uneven impact on different countries, genders, generations, "races.". Now, with the publication of Kunkel’s collection of political essays, Utopia or Bust: A Guide to the Present Crisis (), the link between life and art grows ever more intriguing.
The entanglement of the personal and the authorial renders Utopia or Bust a fun and pressing read.
The cover of Utopia or Bust shows a container ship half-sunk in placid Caribbean-green water, surrounded by canoes filled with rowers who could be circling like sharks or the charter members of a.
Discussing the ongoing crisis of capitalism in light of ideas of full employment, debt forgiveness, and “fictitious capital,” Utopia or Bust is a tour through the world of Marxist thought and an examination of the basis of Western society today.
Utopia or Bust: A Guide to the Present Crisis (Jacobin) and millions of other books are available for Amazon Kindle. Learn more Enter your mobile number or email address below and we'll send you a link to download the free Kindle App.3/5(9).Download