Showing posts with label Political Economy. Show all posts
Showing posts with label Political Economy. Show all posts

Sunday, 27 February 2022

Being in the Moment: Sovereignty in Bataille


The Accursed Share, Volume 3: Sovereignty, Georges Bataille
Chapter 1: Knowledge of Sovereignty
1.1
Bataille begins the volume by explaining what he is not describing in his concept of sovereignty. His sovereignty is not the sovereignty of states but the sovereignty of people. What is sovereign is not “servile and subordinate.” Sovereignty belonged to kings and chiefs, gods and their priests which by being close to the gods shared in their sovereignty. However, the sovereignty that Bataille is interested in is the sovereignty that all people possess.

Saturday, 11 December 2021

Economic Technological Dys/Utopia

You walk into a fast food restaurant. You do not speak to any staff but enter your order into a touchscreen machine. You pay the machine, which spits out a receipt with a queue number. You collect your food from the counter when your number appears on the screens. You sit down, you clear your own tray when finished and you leave. You make zero contact with the workers working there.

Wednesday, 20 October 2021

Dialectical and Historical Materialism by Joseph Stalin


“Dialectical materialism is the world outlook of the Marxist-Leninist party,”[1] reads the first sentence of Stalin’s text, which explains the importance of his book, Dialectical and Historical Materialism. Originally published in 1938, it was a section of a chapter in a larger book entitled History of the Communist Party of the Soviet Union (Bolsheviks): Short Course. [https://www.marxists.org/reference/archive/stalin/works/1939/x01/]

In the year of publication, Stalin was the secretary-general of the Communist Party and already he had amassed a lot of power. He will become the premier of the Soviet Union three years later. According to the Encyclopedia Britannica, he exercised dictatorial rule over the Soviet Union for a quarter of a century. Among his achievements is his industrialisation of the Soviet Union, bringing it from peasant nation to the country with the 2nd highest industrial output only behind the US. During his rule, the USSR also defeated the Nazis during the second world war, and he led the Soviet Union into the nuclear age. However, he did all these through a paranoid reign of terror that led to the deaths of tens of millions including the most powerful members of the elite closest to him. [https://www.britannica.com/biography/Joseph-Stalin]

Thursday, 1 July 2021

Mea Culpa: Why the Developed World is Responsible for the Global Poor


The global order harms the poor. Thomas Pogge argues that the causes of global poverty are systemic, refuting the notion that the misery in poor countries are mostly self-induced. We, the developed world, are the architects of the global order and continue to run it to the detriment of the global poor. Hence, we have the responsibility to fix it. This order is comprised of economic and institutional parts. By examining both parts, we can then identify the causes of the problems and propose possible solutions.

Superabundance and Excess: Is Bataille’s Conception of General Economy Credible?

Georges Bataille’s concept of general economy strikes at the core of our prevailing understanding of economics. He posits two contrasting premises in the first volume of The Accursed Share (TAS):

1) The condition of the world is one of superabundance rather than scarcity. Bataille proposes that all life and wealth derive from the sun, which is effectively an unlimited source of energy. In the general economy, what the world faces is not scarcity, as foundationally assumed in conventional economics, but superabundance. While pockets of poverty can be found, the world on aggregate has an excess of wealth.

2) However, there are limits to growth, because there is only so much space on the planet which life can occupy. Once the limits are reached, no further growth is possible. Hence the excess cannot be used for growth; it cannot be saved and it needs to be expended. The choice we have is to either expend it well or badly.

Is Bataille’s conception of general economy credible? In addition to examining these two premises, this paper investigates Bataille’s method to reconceptualise how we can understand the world by adopting a radical position on political economy so as to derive novel insights. Specifically, I analyse his idea of limits and savings, his empirical approach and his critique of scarcity and utility in conventional economics. I contrast his views of capitalism and potlatch with Jean-Joseph Goux’s critique that Bataille’s solution of consumption has already come to pass in today’s capitalist economies and George Gilder’s notion that giving is central to entrepreneurial capitalism, and propose a possible Bataillean response. I then consider Andrew Abbott’s extension to Bataille’s theory of general economy, which Abbott draws on to argue that problems of excess are fundamentally different from problems of scarcity, hence requiring their own solutions. I conclude by assessing whether Bataille has been successful in challenging conventional economics and the applicability of TAS to political economy today.