Activity

Markets, however, have an inherent tendency to expand beyond their original domain, the trading of material goods, to all other spheres of life, regardless of their suitability for commodification – or, in Marxian terms, for subsumption under the logic of capital accumulation

Low growth, in turn, reinforces inequality by intensifying distributional conflict, making concessions to the poor more costly for the rich, and making the rich insist more than before on strict observance of the ‘Matthew principle’ governing free markets

Disruption may be considered the neoliberal version of ‘creative destruction’: more ruthless, more out-of-the-blue, and less willing to take prisoners or accept delay in order to be ‘socially compatible’.

Structuralist critique of false institutions may therefore have to be complemented by a renewed culturalist critique of false consciousness

Pace Wallerstein, the final Manichaean battle between Davos and Porto Alegre is not about to happen in the foreseeable future