In Search of Sabotage

In Search of Sabotage
McMahon, James and Fix, Blair. (2022). Economics from the Top Down. 11 March. (Article - Magazine; English).

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Alternative Locations

https://economicsfromthetopdown.com/2022/03/11/in-search-of-sabotage/, https://rwer.wordpress.com/2022/03/11/weekend-read-in-search-of-sabotage/

Abstract or Brief Description

A key aspect of Jonathan Nitzan and Shimshon Bichler’s theory of ‘capital as power’ is that it treats property not as a productive asset, but as a negative social relation. Property, Nitzan and Bichler argue, is an institutional act of exclusion. It is the legal right to sabotage […] In this series, which we are calling ‘In Search of Sabotage’, we will investigate how capitalists’ success relates to various social outcomes. If Nitzan and Bichler’s sabotage thesis is correct, a win for capitalists ought to come at the detriment of society at large. With this idea in mind, here is the road ahead. In each installment of this series, we will pick something that we think is a social ‘bad’. (In this post we look at income inequality.) Then we’ll see how this social bad relates to capitalists’ success, as measured by Bichler and Nitzan’s power index. As we work through the data, we have no idea what we’ll find. So join us in this journey of science in action.

Language

English

Publication Type

Article - Magazine

Keywords

capital as power income distribution finance sabotage stock market

Subject

BN International & Global
BN Labour
BN Power
BN Value & Price
BN Business Enterprise
BN Capital & Accumulation
BN Comparative
BN Conflict & Violence
BN Distribution

Depositing User

Jonathan Nitzan

Date Deposited

12 Mar 2022 17:18

Last Modified

12 Mar 2022 17:21

URL:

https://bnarchives.yorku.ca/id/eprint/734

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