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Showing posts with the label "law of value"

China

This is a very engaging paper. Primitive Socialist Accumulation in China: An Alternative View on the Anomalies of Chinese 'Capitalism'
"Under Xi, it seems that the majority of the party elite will continue with an economic model that is dominated by state corporations directed at all levels by the Communist cadres. That is because even the elite realise that if the capitalist road is adopted and the law of value becomes dominant, it will expose the Chinese people to chronic economic instability (booms and slumps), insecurity of employment and income and greater inequalities. On the other hand, Xi and the party elite are united in opposing socialist democracy as any Marxist would understand it.  They wish to preserve their autocratic rule and the privileges that flow from it.  The people have yet to play a role.  They have fought local battles over the environment, their villages and their jobs and wages.  But they have not fought for more democracy or economic power." Xi's taking full control of China's future and an article by the author of The Party: The Secret World of the Chinese Commun
"This process of appropriation includes many others: framing the Law of Value as something morally and politically valuable; mapping natural resources, translating Cheap Nature into a portable, readable format; codifying the limits of nature and society in laws and bills, so as the first remains cheap, and creating new institutional arrangements, which  allow the market and the state to produce this logic through space and time . Appropriating Cheap Nature is not only a process of violent material dispossession. It is also a way to see the world which naturalises – and makes desirable – this process, upon which capitalist accumulation depends." Capitalism as Ecology: Mexican Resistance at the Frontier