Full Description
This book reassesses classic Marxist theories of finance capital and uneven development in the context of the present intensified process of financialization and the accentuation of combined and accelerating uneven development. In particular, the work of Hilferding and Luxemburg is discussed and re-framed in light of both the contributions of Marx and more recent engagements by David Harvey and Neil Smith. The book explores the case of South Africa in particular in light of the combination of a rapidly financializing yet crisis-ridden South African political economy on the one hand and intensifying social inequality and political conflict on the other. It explores a series of strategies and possibilities that might open up trajectories for change and transformation with particular attention paid to the promises and constraints of the de-growth movement and intersectional class struggle, which will appeal to political economists, researchers, and students alongside those studying South Africa specifically.
Contents
1 Introduction.- 2 Political Economy Traditions in South Africa.- 3 Das Kapital in South Africa.- 4 Contradictions in Hilferding's Finance Capital.- 5 Foundations of Marxist Financial Geography.- 6 Degrowth, Devaluation and Uneven Development from North to South.- 7 Capital Volume.- 8 Luxemburg's Contemporary Resonances in South Africa.- 9 Transforming Macroeconomic Policies.
