The Poverty of Capitalism: Economic Meltdown and the Struggle for What Comes Next

ISBN 13: 9780745333304
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An affordable paperback version is due out in Very generous review of The Poverty of Capitalism by Peter Selby in the Church Times of 22 August , along with three other books on poverty and how to eradicate it. Much appreciated. A nice way of liberating some of the facts from within the book!

Very grateful to the Green Party's excellent Natalie Bennett for passing these on.

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Happy to have found this image for my presentation of The Poverty of Capitalism to today's Medact conference of medical professionals! Here is The Poverty of Capitalism on display as part of their fantastic collection of labour classics from down the centuries. An honour. The December newsletter of the National Coalition for Independent Action, which I've only just come across, notes that The Poverty of Capitalism includes comments on the international development sector that are "strongly reminiscent" of the NCIA's own criticisms of domestic UK charities.

The Poverty of Capitalism: Economic Meltdown and the Struggle for What Comes Next

Svitych, A. London: Pluto Press, Political Studies Review, — We use cookies to enhance your experience on our website. By continuing to use our website, you are agreeing to our use of cookies. You can change your cookie settings at any time.


Looks at the failure of conventional. Capitalist growth is widely heralded as the only answer to the crisis still sweeping the global economy. Yet the era of corporate globalization has been defined by unprecedented levels of inequality and environmental degradation.

Find out more. Is it more that there is now a new, transnational elite class, perhaps more like the 99 versus 1 per cent? Doreen Class solidarity is certainly a reality amongst the rich and powerful.

John Hilary

And given the lack of democracy, they have total impunity. It is very hard to address, partly because of the effects on democracy and the immunity they have from scrutiny given the way in which governments, including some in the global south, the media and so forth are recruited into the discourse.

Globalisation has succeeded in enriching a new class of oligarchs at the expense of the majority of humankind. Doreen The chapter on corporate power in practice shows how this power of capital has been so immensely developed over the last 40 years, and it is absolutely enraging. John The global food regime represents the starkest way neoliberal globalisation has resulted in a concentration of power.

The capitalist food regime basically dictates everything we eat, all the way from farm to fork — the production, distribution and consumption of food. It combines the worst aspects of networked capitalism with the most violent forms of dispossession from the extractive industries. There is this worldwide movement fighting for food sovereignty against the capitalist system — and very explicitly against it, saying that we reject the idea of food as a commodity sold for mass profit, or that seeds should be controlled by a tiny minority of firms, Monsanto, Syngenta and the like, and that we want to rebuild an ecologically sound and socially progressive food system for the future.

Francisco One of the good things about the book is that it understands what people are trying to achieve as a movement — particularly through the examples of positive alternatives in Latin America. People are addressing extremely difficult issues that are the results of centuries of exploitation, distortion, expropriation and so on and therefore they have to operate with whatever they have at hand at the time. If you think of Bolivia, there is a mass movement of movements. They have masses of movements all over the country and they come together in some form of event or coalition; they link up and understand, they negotiate and formulate a plan.

After all Bolivia is a very poor country, it needs all the foreign investment it can get and by these very harsh measures you are driving them away.

Business for Social Change: an open conversation Held at Ruskin College, Weds 23rd March 2016

His response was wonderful. And therefore we are discussing whether to increase it to 95 per cent! You also have ones that have chosen not to take state power. So, Saudi Arabia has the rights to all that oil? I think we need to be very careful in the way we make these kinds of statements. I think we need to get tougher in our questioning about some of those things.

How can we encapsulate the experiences of Latin America as a movement here, and what are those lessons? Francisco Social movements in Latin America have over 30 years of resistance and experience, so they are showing us what is possible — but only if you have that relation of forces in your favour. This is an important issue, because the tasks that are posed politically are different, depending on the country. If you look at the debate about the press in Latin America, for example, instead of worrying about trivia like if Rupert Murdoch would just allow us to hedge him in a little they are going on the offensive in numerous countries and attacking the power of the press.


John We need to start thinking about how we can bring different people together. Where do people see their identities in forming movements and how can you break their alienation? A lot of the existing struggles, but also some of the potential struggles, seem to coalesce into three areas; popular sovereignty, common ownership and social production, and these are three common principles that I draw out in the book.

It was about the share between capital and labour rather than the structure of the economy. You can have smaller initiatives, co-operative, collective, the social economy, all of these different ideas that are being played out around the world, to challenge the idea that you have to base things on the profit of the few.

That to me was the most optimistic element of the book, that there is already a plethora of alternatives being worked out in practice.

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The title of the book is The Poverty of Capitalism.