Tuesday, 3 May 2022

Capitalism : An overview

 Capitalism has its own particular geography, which must be attended to if we are to adequately understand its nature, and limits. Our very definition of capitalism references the form capitalist practices took once they arrived in Europe, and discourses presenting capitalism as the best economic system neglect the violence inflicted on other peoples and places in making this happen. This European version of capitalism fails to deliver on its promise of prosperity in part due to geography. Capitalism's spatial extent means that it produces persistent uneven geographical development, enriching some at the expense of others and necessitating experimentation with alternatives. Its dialectical relationship with labor and the more-than-human world can undermine its coherence from the outside. Finally, the persistence of more-than-capitalist practices is testimony to capitalism's less than hegemonic status in practice, notwithstanding discourses presenting it as currently globally hegemonic.

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