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      • Trusted Partner
        Business, Economics & Law
        February 2021

        The capitalist mode of destruction

        Austerity, ecological crisis and the hollowing out of democracy

        by Costas Panayotakis

        The capitalist mode of destruction traces contemporary capitalism's economic, ecological and democratic crises. Combining insights from a range of disciplines, including psychology, sociology and political economy, Panayotakis interprets these crises as manifestations of a previously unrecognized contradiction: over time, the benefits of capitalism's technological dynamism tend to decline even as its threats to humanity and the planet continue to mount. To explain this contradiction, the book analyzes the production and distribution of surplus in capitalist societies and rethinks the concept of surplus itself. Identifying the public sector and households as sites of production no less important than the workplace, this book attributes capitalism's contradictions to working people's lack of control over the surplus they produce. This lack of control is undemocratic and threatens the planet. Only a classless society, in which working people democratically determine the size and use of the surplus they produce, can effectively respond to our current predicament. Recognizing such a democratic classless society as the essence of the communist ideal, the book argues that, far from becoming obsolete, this ideal is ever more indispensable. But since the necessity of this ideal does not guarantee its realization, the book also investigates the conditions necessary for the formation of an anti-capitalist alliance for social justice, democracy and ecological sustainability.

      • Trusted Partner
        Business, Economics & Law
        February 2021

        The capitalist mode of destruction

        Austerity, ecological crisis and the hollowing out of democracy

        by Costas Panayotakis

        The capitalist mode of destruction traces contemporary capitalism's economic, ecological and democratic crises. Combining insights from a range of disciplines, including psychology, sociology and political economy, Panayotakis interprets these crises as manifestations of a previously unrecognized contradiction: over time, the benefits of capitalism's technological dynamism tend to decline even as its threats to humanity and the planet continue to mount. To explain this contradiction, the book analyzes the production and distribution of surplus in capitalist societies and rethinks the concept of surplus itself. Identifying the public sector and households as sites of production no less important than the workplace, this book attributes capitalism's contradictions to working people's lack of control over the surplus they produce. This lack of control is undemocratic and threatens the planet. Only a classless society, in which working people democratically determine the size and use of the surplus they produce, can effectively respond to our current predicament. Recognizing such a democratic classless society as the essence of the communist ideal, the book argues that, far from becoming obsolete, this ideal is ever more indispensable. But since the necessity of this ideal does not guarantee its realization, the book also investigates the conditions necessary for the formation of an anti-capitalist alliance for social justice, democracy and ecological sustainability.

      • Trusted Partner
        Business, Economics & Law
        February 2021

        The capitalist mode of destruction

        Austerity, ecological crisis and the hollowing out of democracy

        by Costas Panayotakis

        The capitalist mode of destruction traces contemporary capitalism's economic, ecological and democratic crises. Combining insights from a range of disciplines, including psychology, sociology and political economy, Panayotakis interprets these crises as manifestations of a previously unrecognized contradiction: over time, the benefits of capitalism's technological dynamism tend to decline even as its threats to humanity and the planet continue to mount. To explain this contradiction, the book analyzes the production and distribution of surplus in capitalist societies and rethinks the concept of surplus itself. Identifying the public sector and households as sites of production no less important than the workplace, this book attributes capitalism's contradictions to working people's lack of control over the surplus they produce. This lack of control is undemocratic and threatens the planet. Only a classless society, in which working people democratically determine the size and use of the surplus they produce, can effectively respond to our current predicament. Recognizing such a democratic classless society as the essence of the communist ideal, the book argues that, far from becoming obsolete, this ideal is ever more indispensable. But since the necessity of this ideal does not guarantee its realization, the book also investigates the conditions necessary for the formation of an anti-capitalist alliance for social justice, democracy and ecological sustainability.

      • Trusted Partner
        Business, Economics & Law
        February 2021

        The capitalist mode of destruction

        Austerity, ecological crisis and the hollowing out of democracy

        by Costas Panayotakis

        The capitalist mode of destruction traces contemporary capitalism's economic, ecological and democratic crises. Combining insights from a range of disciplines, including psychology, sociology and political economy, Panayotakis interprets these crises as manifestations of a previously unrecognized contradiction: over time, the benefits of capitalism's technological dynamism tend to decline even as its threats to humanity and the planet continue to mount. To explain this contradiction, the book analyzes the production and distribution of surplus in capitalist societies and rethinks the concept of surplus itself. Identifying the public sector and households as sites of production no less important than the workplace, this book attributes capitalism's contradictions to working people's lack of control over the surplus they produce. This lack of control is undemocratic and threatens the planet. Only a classless society, in which working people democratically determine the size and use of the surplus they produce, can effectively respond to our current predicament. Recognizing such a democratic classless society as the essence of the communist ideal, the book argues that, far from becoming obsolete, this ideal is ever more indispensable. But since the necessity of this ideal does not guarantee its realization, the book also investigates the conditions necessary for the formation of an anti-capitalist alliance for social justice, democracy and ecological sustainability.

      • Trusted Partner
        Business, Economics & Law
        July 2022

        The value of a whale

        On the illusions of green capitalism

        by Adrienne Buller

        Nature is being destroyed at an unprecedented rate. Despite countless pledges and summits, we remain on course for a catastrophic 3C of warming. In a world of immense wealth, billions still live below the poverty line and on the frontlines of environmental breakdown. Increasingly, the world is waking up to this reality, but are the 'solutions' being proposed really solutions? In this searing and insightful critique, Adrienne Buller examines the escalating plunder of the natural world under financial capitalism, and exposes the fatal biases that have shaped climate and environmental policymaking. Tracing the intricate connections between financial power, vested interests and environmental governance, she exposes the myopic economism and market-centric thinking presently undermining a future where all life can flourish. The book explains what is wrong with carbon pricing, off-setting and asset management's recent interest in all things environmental. Both honest and optimistic, The value of a whale asks us - in the face of crisis - what we really value.

      • Trusted Partner
        Business, Economics & Law
        July 2022

        The value of a whale

        On the illusions of green capitalism

        by Adrienne Buller

        Nature is being destroyed at an unprecedented rate. Despite countless pledges and summits, we remain on course for a catastrophic 3C of warming. In a world of immense wealth, billions still live below the poverty line and on the frontlines of environmental breakdown. Increasingly, the world is waking up to this reality, but are the 'solutions' being proposed really solutions? In this searing and insightful critique, Adrienne Buller examines the escalating plunder of the natural world under financial capitalism, and exposes the fatal biases that have shaped climate and environmental policymaking. Tracing the intricate connections between financial power, vested interests and environmental governance, she exposes the myopic economism and market-centric thinking presently undermining a future where all life can flourish. The book explains what is wrong with carbon pricing, off-setting and asset management's recent interest in all things environmental. Both honest and optimistic, The value of a whale asks us - in the face of crisis - what we really value.

      • Trusted Partner
        Business, Economics & Law
        June 2025

        Foundations of social ecological economics

        The fight for revolutionary change in economic thought

        by Clive L Spash

        This book explores radical dissent from orthodox mainstream economics, and sets out a theoretically grounded vision for the emerging paradigm of social ecological economics. At the heart of this paradigmatic shift lies an acknowledgement of the inextricable embeddedness of economies in biophysical reality and social structure. The struggle for this transformative vision unfolds through a critical examination of mainstream environmental thought, followed by a nuanced evaluation of contributions from Marxists, socialists, critical institutionalists, feminists and Post-Keynesians grappling with the urgent environmental crisis. Synthesising insights from these diverse and heterodox schools, the book navigates the philosophical underpinnings of science, embracing a critical realist approach that challenges not only mainstream economic thought but also eclectic pluralism, relativism and strong constructionism. The question of what constitutes revolutionary science is explored in light of works by Kuhn, Schumpeter and Neurath, emphasising the pivotal role of values and ideology in works from Marx to Gramsci. Building on these radical and philosophical foundations, the book articulates a preanalytic vision of social ecological economics, dismantling entrenched notions of growth and efficiency in favour of a framework centered on social provisioning and needs embedded in ethics. In a thought-provoking conclusion, the book applies its analytical lens to the multiple crises of modernity within industrialised capital-accumulating economies. An agenda for social ecological transformation toward diverse alternative economies emerges, providing a compelling call to action in the face of contemporary challenges.

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