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This article suggests cautious optimism toward the prevailing Polanyian countermovement discourse by providing a timely and comprehensive examination of the enforcement of the labour dispatch regulation in China. Since the enactment of the regulation, some enterprises have narrowed the remuneration gap between agency workers and formal employees, while others have retained a large gap in overtime pay, bonuses, and welfare benefits between these two groups of workers. The regulation has...
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This paper looks at the European integration project in its current iteration drawing on Karl Polanyi's assertion that markets are inseparable from the socio-cultural context. In this regard, all attempts to liberalise the economy (not excluding European integration, which is based on the principle of the single market) have practical and indeed tangible political ramifications. The main hypothesis of the paper lies in the recognition of the fact that the neoliberal agenda is one of the...
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The role of the landlord class in Japan's prewar economic and political development has been widely debated. Moving beyond conflicting arguments of landlords as semifeudal exploiters or as the linchpins of rural market development, more recent research has emphasized the nonmarket institutions, often inherited from the Tokugawa era, in which the contractual relations between landlords and tenants were embedded. However, this research has overemphasized the continuity of the rural economy....
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How has neo-liberalism transformed the economic structure and policies of India? And what are the politico-economic implications of such policies for marginalised populations? Following Karl Polanyi’s theory of “double movement”, this paper argues that while market liberalism has helped India overcome the slow so-called “Hindu rate of growth”, it has adversely affected the economic interests of the poor. It further argues that the expansion of the market (first movement) has led to various...
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To enrich the discussion of global labor, between 2010 and 2016, we studied Apple’s value chain, Foxconn’s mode of labor control, and Chinese workers’ struggles. Through our fieldwork in China we also examined Apple’s and Foxconn’s responses to the spate of worker suicides, workers’ resistance, the activism of scholar and student groups, and transnational justice campaigns. We conclude with reflection on global labor studies in light of the debates between Karl Polanyi’s counter movement and...
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Contemporary economic thought is overwhelmingly dominated by the dogma of the neoclassical school and the Austrian neoliberal school, according to which social organization can fully be understood from two hypotheses: the society can be reduced to its economic aspects, and economic activities are exclusively explained by the utilitarist rationality of individuals. This approach makes unnecessary, at least in the economic sphere, the construction of a collective cultural framework based on...
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This article argues that Israel's 2003 elections are best understood as a deeper embedding of neoliberalism in the Israeli polity. It is argued that the most accurate characterization of the elections is as an articulation of Polanyi's Phase I of the double-movement. The argument is developed in four stages. First, the Israeli elections are understood as a local reaction to the multilayered processes of globalization. The Israeli state and its elections are located in the neoliberal ideology...
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Ideology is always for something. Who thought neoliberalism was any different? The post-Cold War provides an excellent laboratory in which to observe 20th c. civilization crumbling, even as it marches towards world markets unbounded by law or social principles. Through repetition and rhetorical sleight-of-hand, the market has robbed the state and thus the polis of its agency. Thus, Schroeder’s SPD is contemplating yet another retreat from the social democratic model, in favor of the...
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- Journal Article (9)