Vampire Capitalism Fractured Societies and Alternative Futures 1st Edition by Paul Kennedy 1137552662 9781137552662

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ISBN-10 ‏ : ‎1137552662 

ISBN-13 ‏ : ‎ 9781137552662

Author: Paul Kennedy 

This book argues that in recent decades an unrestrained vampire-capitalism has emerged, disengaged from the needs of citizens and workers, leading to a deepening of social class, generational, gender, educational and ethnic divisions. The author explores how our cultural obsession with self-realization undermines our capacity for collective action and ability to confront threats such as climate change and the impact of the rapid advance of technology on labour. Drawing on sociology and political economy as well as worldwide case studies, the chapters interrogate how we arrived at these dilemmas and how we might escape them through establishing alternative social economies.  Vampire Capitalism will be of interest to students and scholars across a range of disciplines, including sociology, social theory, globalisation studies, development studies, political economy, geography, politics and social policy.

Vampire Capitalism: Fractured Societies and Alternative Futures 1st Table of contents:

1: Introduction: Capitalist Modernity in Question
1.1 The Partnership of Capitalism and Modernity
1.2 Counter-arguments: The Miracle of Capitalist Modernity
Continuous Adaptation and Creativity
Survival in the Face of Multiple Crises
The Development of the Productive Forces and Material Advance
1.3 Thinking the Unthinkable: The End Game for Capitalist Modernity?
1.4 In Recent Decades a Vampire form has Largely Disengaged Capitalism from Society
The Current ‘Model’ of Economic Practice Stifles Economic Growth
Relentless Technological—Scientific ‘Advance’ Threaten a Jobless Future
Individualization and Lifestyle Cultures Dissolve Social Coherence and Collective Action
Our Plunder of the Earth’s Bio-Sphere Leaves a Legacy of Dangerous Environmental Risk
1.5 Thinking About Alternative Futures
Bibliography
2: The Rise of Vampire Capitalism (and not a slayer in sight)
2.1 Generic Capitalism
2.2 The Shareholder Economy
Changing Shareholder Demands Since the 1980s
Short-Termism and the Losers
2.3 The Gap Between Wages and Productivity
Siphoning New Wealth into Few Pockets
Feeding the Wages–Productivity Gap Through Finance
The Transnational Capitalist Class—The Global Plutocrats
2.4 Tax Matters
Going Backwards: Abolishing Progressive Tax Systems
Too Big to Pay
2.5 Rent-Seeking Practices
Crony Capitalism, the US Government and the Financial Crisis
Privatization and Rent-Seeking in the Global South
2.6 Summary and Conclusions
Bibliography
3: The Roots of Vampire Capitalism
3.1 Holding Capitalism to Account—Mid-­Twentieth-­Century Events
3.2 Neoliberalism and the Era of Unaccountable Capitalism
The Crises of the 1970s and the Neoliberal Moment
The Neoliberal Argument
A Trio of Core Neoliberal Presumptions
Critical Reflections on Neoliberal Ideology
3.3 Financialization
The Politics of Financial Liberalization and Offshore Banking
The Financial Crisis of 2008–2009 and Beyond
3.4 Globalization: Uniting But Also Fracturing Humanity
Globalizing Processes Since the 1960s
3.5 Summary and Conclusions
Bibliography
4: Living with Twenty-First-Century Capitalism
4.1 Neoliberal Economics: The Downward Spiral
Wage Stagnation
The Dangers of Growing Inequality
Tax—The Forbidden Path to Raising Revenue
Debt as a Way of Life (and the remaining driver of global growth?)
The Failure to Re-regulate Finance
4.2 Privatization, the Shrinking State and the Occluded Society
4.3 The Twin Treadmills: Perpetual Competition and Economic Growth
4.4 Summary and Conclusions
Bibliography
5: The Juggernaut of Science and Technology: Friend or Foe?
5.1 Technology and the Future of Employment
Technology Until the 1970s: A Respite for Employment
Technological Change and the New Economy: Jobs Under Threat
5.2 Towards a Digitalized and Jobless Future?
Technological Advances Coming Your Way Soon
Technology and Employment in Future—Some Gains and Losses
5.3 Science-Technology and the ‘World Risk Society’
Modernity and the Rise of the Risk Society
The Twenty-First-Century World Risk Society
Towards Dangerous Extremes of Rationality: Science or Capitalism?
5.4 Surplus to Requirements
5.5 Summary and Conclusions
Bibliography
6: Individualization and the Cultures of Capitalism
6.1 Individualization and the Disappearing Society
6.2 ‘Who Do You Think You Are?’
The Reflexive Individual—Taking on the World
The ‘Neoliberal Individual’: Living for Market Gain
The Postmodern Fragmented Self, Floating in Hyperreal Space
The ‘Free’ Individual—Imprisoned Within His/Her Own Little World
Living in an Ever-Changing Present: Lost and Incomplete Identities
6.3 The Rise of Consumer Culture and the Decline of Work Identity
The Consumer as Co-Conspirator in the Decline of Work Security
Work, Flexible Specialization and the Decline of Work Culture
Consumerism to the Rescue? Contrasting Views
6.4 Individualization and its Deficits
The Lonely Powerlessness of the Late Modern Individual
The Corruption of Politics and Weak Social Solidarity
6.5 Summary and Conclusions
Bibliography
7: Global Capitalism and the Biosphere: Our Future in Jeopardy
7.1 Welcome to the ‘Anthropogenic Age’—of Climate Change
GHGs and the Scientific Evidence
The Impact of Climate Change: Extreme Weather and Deepening Poverty for Many
7.2 Capitalist Modernity and Fossil Fuels: An Easy Ride
Carbon: The Bad Fairy’s Curse at Modernity’s Christening
Carbon and the Twentieth-Century Consumer Binge
7.3 ‘Fixing’ Climate Change Through Technology
Fossil-Fuel Reserves Versus a Carbon Budget
Carbon Capture and Storage (CCS) Systems
Nuclear Energy
Negative Emission Technologies
7.4 Capitalism as the Answer to Climate Change
Having it All: Market Competition, Continued Growth and Managed Climate Change
Towards a Green or Climate Capitalism
7.5 The Obstacles to Capitalist Solutions
Issues Relating to Markets and Phasing Out Fossil Fuels
Issues Relating to a Shift to Renewable Energy
7.6 Summary and Conclusions
Bibliography
8: Does Capitalism Have a Future?
8.1 Prospects for Economic Growth—Doubts by Global Elites
8.2 The Two Capitalist Universes of the Twenty-First Century
Capitalism Splitting Apart at the Seams
8.3 The ICT Revolution: End Game for Capitalism?
The Knowledge Economy or ‘Cognitive Capitalism’
Capitalism and the Knowledge Economy
Rent Versus Profit—Vampirism Hijacks the Cognitive Economy
The Threat to Capitalism from the Networked Economy
8.4 Capitalism and Impending Problems
Climate Change and the Market Economy
Robotization and AI
8.5 Summary and Conclusions
Bibliography
9: Alternatives: Exploring Possibilities
9.1 The Power of the Social Flourishing Within Capitalism
The Inside Social Core and Supporting Buttresses of Capitalism
9.2 Social Economies Surviving on Capitalism’s Periphery
Indigenous Peoples
Peasants–Small Farmers and Feeding the World
9.3 Replacing Capitalism from Within—The Collaborative Commons
The Position and Role of Youth
Life Beyond Capitalism in the New Knowledge Economy
Arriving at Post-Capitalism: When and How
9.4 Co-existing with Capitalism—Social Enterprise and Cooperatives
Social Enterprises
Cooperatives
The Benefits of Cooperatives
Mondragon and Other Industrial Cooperatives—And Issues Arising
9.5 Breaking Away—The Solidarity Economy
9.6 Summary and Conclusions

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Tags: Vampire Capitalism, Fractured Societies, Alternative Futures, Paul Kennedy