{"product_id":"the-state-of-capitalism-economy-society-and-hegemony-paperback","title":"The State of Capitalism: Economy, Society, and Hegemony - Paperback","description":"\u003cp\u003eby \u003cb\u003eCostas Lapavitsas\u003c\/b\u003e (Author), \u003cb\u003eErensep Writing Collective\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThinking beyond pandemic capitalism\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThe health emergency that broke out in 2020 is a landmark event in the development of capitalism, confirming the underlying change signalled by the Great Crisis of 2007-9. The pandemic has catapulted the state to the centre of economic activity. However, a historic impasse is steadily becoming apparent at the core of the world economy \u003cp\u003e\u003c\/p\u003eProductive accumulation is flaccid, as both profitability and labour productivity are weak. Financialisation has entered a new phase, as \"shadow banking\" grew relative to other banks but is entirely dependent on the state. The power of the state derives from command over fiat money and can certainly deliver enormous boosts to aggregate demand, but that is not enough to tackle the weakness of the productive sector. \u003cp\u003e\u003c\/p\u003eThe rise in inflation for the first time in forty years indicates the impasse. There is a transparent need for intervention on the supply side, directly challenging capitalist property rights. There is no evidence, however, that the ruling blocs in core countries would engage in such policies. \u003cp\u003e\u003c\/p\u003eThe pandemic crisis also brought to the fore fresh divisions of core and periphery across the world economy. Imperialism has assumed new forms, spurred by globally active financial capital and internationalised productive capital. A renewed contest for hegemony has emerged as US power declined. The economic challenge of China will unfold steadily in the years ahead, intensifying political tensions and military rivalries. \u003cp\u003e\u003c\/p\u003eThis book is the work of a research collective comprising authors from several parts of the world. It analyses these vital issues from the perspective of Marxist political economy and puts forth alternative anticapitalist proposals.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eCostas Lapavitsas\u003c\/b\u003e is Professor of Economics at SOAS. He has published widely on the Political Economy of Money and Finance and his research during the last few years has focused on the financialisation of capitalism. In January 2015 he was elected as a member of the Greek Parliament. His most recent books include \u003ci\u003eCapitalism in the Ottoman Balkans\u003c\/i\u003e, with P. Cakiroglu, 2019, \u003ci\u003eThe Left Case Against the EU\u003c\/i\u003e, 2018, and \u003ci\u003eProfiting Without Producing\u003c\/i\u003e, 2013. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThe EReNSEP Writing Collective: Nicol疽 Aguila, Universit舩 Witten\/Herdecke; Carla Coburger, University of Bayreuth, Germany; Pablo Cotarelo; Sergi Cutillas, University of Barcelona; Juan J. Duque, SOAS; Matteo Giordano, SOAS; Spyros Marchetos, Aristotle University of Thessaloniki; Thanos Moraitis, UMass Amherst; Marie Hyllested; Yuning Shi, SOAS; Aylin Soydan, Istanbul Okan University.\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 384\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.02 x 9.13 x 5.91 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e August 29, 2023\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51765212447008,"sku":"9781839767845","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/e52ffd7212d1b0dc190cb4428e65b088.webp?v=1780263910","url":"https:\/\/ebocreations.com\/products\/the-state-of-capitalism-economy-society-and-hegemony-paperback","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}