Cannibal Capitalism: How our System is Devouring Democracy, Care, and the Planet – and What We Can Do About It

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Cannibal Capitalism: How our System is Devouring Democracy, Care, and the Planet – and What We Can Do About It

Cannibal Capitalism: How our System is Devouring Democracy, Care, and the Planet – and What We Can Do About It

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It is largely through debt that capital now cannibalizes labor, disciplines states, transfers value from periphery to core, and sucks wealth from society and nature’ (p. Despite the essential character of reproductive work to maintain an exploitable workforce, it is made subordinate and subjugated to production, considered non-valuable. and promising developments on the left like the rise of Jacobin magazine and the whole media ecosystem around it. Each arrangement represents an attempt to acclimate the needs of social reproduction to the needs of capitalism, but each ends up proving itself unsustainable because capitalism, in the long run, is inherently parasitic on social reproduction.

In fact, a key aspect of what makes capitalism capitalism is the way it establishes institutionalized ‘divisions’ between the economic front-story and these various non-economic back-stories, while concealing the ways the former is dependent on the latter. Nature´s supply is necessary for capitalist production, however, it is used and misused, exhausted and depleted, drained and emptied.To begin, Fraser denotes the colonial legacy of the term cannibal, a word replete with racist imagery applied traditionally to the other, the colonised. the political, ecological, and social-reproductive strands of crisis are inseparable from racialized expropriation in both periphery and core … In short, economic, ecological, social, and political crises are inextricably entangled with imperialism and oppression – and with the escalating antagonisms associated with them. The second chapter, ‘Glutton for Punishment’, focuses on the structural racism that is inherent in capitalism. Fraser uses the term ‘boundary struggles’ to describe these expanded realms of conflict that occur around these front-story/back-story divisions, and a further feature of her approach is to show that these divisions have never been static.

Capitalism´s tendency to destroy and feed off its own conditions of possibility is emphasised here, highlighting its propensity for crises and self-destabilization caused by its internal contradictions.

In this tightly argued and urgent volume, leading Marxist feminist theorist Nancy Fraser charts the voracious appetite of capital, tracking it from crisis point to crisis point, from ecological devastation to the collapse of democracy, from racial violence to the devaluing of care work.



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