[This is the abstract to the second and forthcoming essay in the series on financial bonds.
[Excerpted from Contract & Contagion, pp.163-64]
The conservative critique of capitalism is preoccupied […] with taking capitalism to task for setting up crises of its own realisation, as in the expansion of debts that cannot – or will not – be repaid. It is concerned not with the question of moving beyond the interrelated dynamics of expansion and crisis, but of restoring the very foundations of capitalism in the retrieval of the conditions of gratuitous labour. Continue reading
Implicit or not, there persists a view of capitalism in which the border is understood as extraneous to the inherent tendencies of capital. In this, capital and the state are regarded as distinctive logics, the first inclined to overtake limits, the second emphasising limit as such. […] Continue reading
Abstract for a panel at the Seeing through Empire’s new clothes – Extending strategies for anticapitalist struggle against the economic crisis, September 13, 2009.
In J. Germov and T. R. McGee, eds. Histories of Australian Sociology (Melbourne: Melbourne University Press), 2005, pp.343-54. Republished from Journal of Sociology 35, 1999, pp.77-91.[pdf]