Nick Bernards, "Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First Century Capitalism" (Pluto Press, 2024)

Nick Bernards, "Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First Century Capitalism" (Pluto Press, 2024)

Since the global financial crisis that began in 2008, the role of the financial sector in contemporary capitalism has come under increasing scrutiny. In the global North, the expansion of the financial sector over the last 40 years has paralleled a decline in manufacturing employment and an increase in personal indebtedness, giving rise to the perception that speculation and usury have come to replace production as the engine of economic growth. In the global South, financial liberalization has exacerbated long-standing patterns of boom-and-bust cycles, and the growth of the financial sector has caused anxieties that speculative investments in natural resource extraction, urban real estate, and rural farm land are dispossessing and displacing people rather than improving human development. Overall, the growth of the financial sector has created the perception that we’re entering a new phase in capitalism’s history in which speculation and rent-seeking have displaced production as the engines of economic growth. My guest today, the political economist Nick Bernards, challenges this narrative. In his new book, Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First Century Capitalism (Pluto Press, 2024), Bernards argues that we need to re-center labor in narratives about the expansion of finance, that speculation and the subsumption of nature are always central to capitalism, and that major private-sector financial institutions have actually been reluctant to invest in major development projects in the global south. The main problem with the growth of finance is that it makes more exploitation, displacement, and environmental damage – in short, more capitalism – possible. Nick Bernards is Associate Professor of Global Sustainable Development at the University of Warwick. He is the author of A Critical History of Poverty Finance (Pluto, 2022) and The Global Governance of Precarity (Routledge, 2018). Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

Episoder(2117)

Scott Morgensen, “Spaces Between Us: Queer Settler Colonialism and Indigenous Decolonization” (University of Minnesota Press, 2011)

Scott Morgensen, “Spaces Between Us: Queer Settler Colonialism and Indigenous Decolonization” (University of Minnesota Press, 2011)

Here’s a study-guide prepared to accompany the interview. For as much as recent decades have witnessed a patriarchal backlash against the growing visibility of LGBTQ people in North American society, there is another, increasingly popular narrative embodied by Dan Savage’s ubiquitous internet promise: “It gets better.” As barriers to equal treatment under the law are removed and the state incorporates gender and sexual diversity under its protective umbrella — marriage rights extended, prohibitions to military service lifted, etc — queer politics get folded into the progressive march of the West toward equity and tolerance. But what about for queer people whose land is violently occupied by the very body politic going about all this incorporating? As Scott Lauria Morgensen powerfully articulates in his new book, Spaces Between Us: Queer Settler Colonialism and Indigenous Decolonization (University of Minnesota Press, 2011), Indigenous Two-Spirit activists work for both decolonization and sexual freedom within their homelands, resisting state incorporation, cultural appropriation, and narratives of their “disappearance.”Brilliantly extending (and intervening) on the work of earlier theorists, Morgensen traces how modern sexual identities are built upon the replacement of indigenous sexuality and the development of settler colonialism in what is now the United States and Canada. “Native and queer studies must regard settler colonialism as a key condition of modern sexuality on stolen land,” Morgensen argues, “and use this analysis to explain the power of settler colonialism among Native and non-Native People.” This is not simply an indictment. Morgensen shows how conversations between Natives and non-Natives can open up new frameworks for political activism and scholarly research, so long as they remain accountable to the ongoing colonization of Native lands. As mainstream LGBTQ organizations abandon their social movement pasts, Morgensen work is a clarion call for a new wave of decolonial queer organizing.   Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

14 Feb 20121h 19min

Jodi A. Byrd, “The Transit of Empire: Indigenous Critiques of Colonialism” (University of Minnesota Press, 2011)

Jodi A. Byrd, “The Transit of Empire: Indigenous Critiques of Colonialism” (University of Minnesota Press, 2011)

In a world of painfully narrow academic monographs, rare is the work that teams with ideas, engagements, and interventions across a wide terrain of social life. In The Transit of Empire: Indigenous Critiques of Colonialism (University of Minnesota Press, 2011), Jodi Byrd has produced such a book. Byrd, a citizen of the Chickasaw Nation of Oklahoma and assistant professor of American Indian studies and English at the University of Illinois at Urbana-Champaign, follows the transit of paradigmatic “Indianness” through the pathways of colonialism, race, and empire. She engages not only the titans of critical theory but the substance of everyday politics, and finds an often disavowed indigeneity in places as disparate as Shakespeare’s The Tempest and the Jonestown Massacre, the development of astronomical sciences and the origins of blues music. Central to this wide-ranging project is a fundamental proposition that in this perhaps terminal phase of American empire, reckoning with – and redressing – the ongoing colonization of Native lands and Native people is more vital than ever. “Bringing indigeneity and Indians front and center to discussions of U.S. empire as it has traversed across Atlantic and Pacific worlds is a necessary intervention at this historical moment,” Byrd writes, “precisely because it is through the elisions, erasures, enjambments, and repetitions of Indianness that one might see the stakes in decolonial, restorative justice tied to land, life, and grievability.”   Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

26 Jan 201255min

Brian Christian, “The Most Human Human: A Defense of Humanity in the Age of the Computer” (Penguin, 2011)

Brian Christian, “The Most Human Human: A Defense of Humanity in the Age of the Computer” (Penguin, 2011)

Can computers think? That was the question which provoked English mathematician Alan Turing to come up with what we call the Turing Test, in which a computer engages a human in conversation while a judge, unaware of who is who, looks on and tries to ascertain which participant is made of flesh and blood, and which of bits and bytes. Such a test is held every year in Brighton, England, where the most convincing human confederate is awarded a prize: The Most Human Human. There is also a prize for The Most Human Computer but to date no computer has ever been judged to be more convincingly human than a real person. Enter Brian Christian who, in 2009, took part in this test (known officially as the Loebner Prize) with the aim of being awarded the prize for Most Human Human. He was successful, and in his new book The Most Human Human: A Defense of Humanity in the Age of the Computer (Penguin, 2011) he charts the methodology of his approach, his conclusions on the conceptual value of the Turing Test and the linguistic insights which arise during conversation with a machine. The artificial intelligence of machines remains relatively primitive, but their programming is canny, and they can even appear to have robust personalities and encyclopaedic knowledge on specialist subjects. Christian’s experiences, presented in the form of his book, provide the reader with an accessible and compelling avenue into the reality of contemporary machine ‘intelligence’, the idiosyncratic tapestry that is language and, most of all, the things which make humans human; the things which machines can’t (yet) do. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

23 Mai 201149min

Thomas Wheatland, “The Frankfurt School in Exile” (University of Minnesota Press, 2009)

Thomas Wheatland, “The Frankfurt School in Exile” (University of Minnesota Press, 2009)

I have a friend who, as a young child, happened to meet Herbert Marcuse, by that time a rock-star intellectual and darling of the American student movement. Upon seeing the man, he exclaimed “Marcuse! Marcuse! You have such a beautiful head!” I don’t know how beautiful Herbert Marcuse’s head was, but I do know a lot of other interesting things about him and his Frankfurt School buddies now that I’ve read Thomas Wheatland’s wonderful The Frankfurt School in Exile (University of Minnesota Press, 2009). The story Tom tells casts the Frankfurt School in a new (and more correct) light. For one thing, Horkheimer, Adorno, and the rest really were hard-core empirical social scientists in the beginning, not “Critical Theorists” as we understand the term. They counted, measured, conducted surveys and did everything a positivist sociologist or economist would do. But, of course, that was not how they became idols of the New Left and the founders of “Critical Theory.” (Now that I think about it, almost no one ever achieves fame by doing empirical social science. See “Malcolm Gladwell” for more.) No, they–or rather Fromm, Marcuse and Habermas–got famous by telling young Americans that they were “repressed,” “alienated,” and “downtrodden” at exactly the moment they wanted to hear it, that is, the 1960s. You see, the “old” Marxism was dead; this was the “new and improved” version. In other words, they were in the right Critical-Theoretical place and at the right Critical-Theoretical time. And, as Tom points out, they were bewildered and even a bit disturbed by their fame. Despite what my friend said, Marcuse did not get a big head. Rather the opposite. He, much to his credit, told the students he didn’t want to be their guru, that he didn’t believe in gurus. But they didn’t care–they made him one anyway. Students love gurus. I loved Tom Wheatland’s book, and I encourage you to read it. Please become a fan of “New Books in History” on Facebook if you haven’t already. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

12 Jun 20091h 14min

John H. Summers, “Every Fury on Earth” (Davies Group, 2008)

John H. Summers, “Every Fury on Earth” (Davies Group, 2008)

The vast majority of historians write history. Perhaps that’s good, as one should stick to what one knows. But there are historians who braves the waters of social and political criticism. One thinks of Arthur Schelsinger Jr., Richard Hofstadter, Christopher Lasch, Robert Conquest, Richard Pipes, Eric Hobsbawm, E. P. Thompson, and more recently Tony Judt, Sean Wilentz and Victor Davis Hanson. Today I had the good fortune to speak with a historian who is virtually sure to enter the top rank of historian-public intellectuals, John H. Summers. Indeed, he already has. He’s published numerous probing essays on academic life, anarchism, the Left, sex scandals, anti-Americanism, the fate of newspapers, and, of course, many of the great American public intellectuals (he’s at work on a biography of C. Wright Mills). Summers does what all critics worth their salt do: comfort the afflicted and afflict the comfortable. Just read his remarkably insightful “All the Priviledged Must Have Prizes” about his experience teaching at Harvard. (Also, read the comments attending article, where current Harvard students unwittingly prove Summers’ main points). We must be grateful, then, that the folks at the Davis Group Press have elected to publish a collection of Summers’ finely crafted essays in Every Fury on Earth (2008). The book is challenging, thought-provoking, and courageous. John H. Summers does not blink. You will agree with some of the things he says, and you will disagree with others. That, of course, is the fun of it. BTW: If you have a relative or friend who is an academic, this book would make a perfect holiday gift. If you are an academic, indulge yourself and buy it. Please become a fan of “New Books in History” on Facebook if you haven’t already. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

16 Des 20081h 10min

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