Blog

Profits and Terror in Argentina in the 1970s

February 21, 2015
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New data on the profitability of Argentina’s largest corporations help explain the origins of its last military dictatorship. During Argentina’s military dictatorship of 1976-1983, up to 30,000 people were killed by the armed forces. Figure 1 provides an indication of why.

Differential Taxation: A Convergence of Interests between American Banking and Government

February 13, 2015

Recommended reading by the Transnational Institute (TNI) of Policy Studies: This paper demonstrates that the interests of American banking and government have converged since the early 1980s and relates this trend to modern financial deregulation, revealing a symbiosis that would later influence the global financial crisis of 2007-2008. An examination of corporate profit and taxation … Read More

Stock Buybacks vs Greenfield Investment

December 10, 2014

In his November 29, 2013 piece, ‘Low Capex, High Market Cap: A New High for Corporate Sabotage?’, Edward Lam lends support to CasP’s sabotage thesis by showing how firms with relatively low ‘greenfield’ investment outperform those with relatively high ‘greenfield’ investment. A recent FT article, titled “Money Well Spent?” (Tom Braithwaite, Nicole Bullock and Michael … Read More

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Publications

Fuel, Feed and the Corporate Restructuring of the Food Regime

February 19, 2015
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The agrofuel boom has brought about some of the most significant transformations in the world food system in recent decades. A rich and diverse body of agrarian political economy research has emerged that elucidates the conflicts and redistributional shifts engendered by these transformations. However, less attention has been given to differences within agri-food capital. This … Read More

Ascent of Giants: NAFTA, Corporate Power and the Growing Income Gap

February 12, 2015
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There is growing awareness in Canada of how unequal society is becoming. It is probably most obvious in the gap between the compensation of Canada’s highest paid corporate executives and the average worker. The political pressure to do something to close this gap, for example by increasing taxes at the top of the income spectrum, is significant. At the … Read More

The Plutonomy of the 1%: Dominant Ownership and Conspicuous Consumption in the New Gilded Age

February 12, 2015

This article offers a study on the plutonomy of dominant owners and what their consumptive practices might tell us from the lens of the capital as power framework in IPE. I argue that the differential consumption of dominant owners is an important dimension of an internationalised capitalist mode of power for two reasons. First, Nitzan … Read More

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Working Papers

No. 2014/05: Fix, “Putting Power Back Into Growth Theory”

April 27, 2015
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Working Paper No. 2014/05 Blair Fix, “Putting Power Back Into Growth Theory” Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must reject neoclassical … Read More

No. 2015/02: McMahon, “Marxism, Culture and the Measurement of Value”

March 6, 2015
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Working Paper No. 2015/02 James McMahon, “Marxism, Culture and the Measurement of Value” Various studies of mass culture use the Marxist labour theory of value to conceptualize how capital is being accumulated from cultural production and its broader social and immaterial dimensions. However, there is a significant methodological problem that lingers. The issue stems from … Read More

No. 2015/01: Hager, “Public Debt as Corporate Power”

January 6, 2015
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Working Paper No. 2015/01 Sandy Brian Hager, “Public Debt as Corporate Power” In various writings Karl Marx made references to an ‘aristocracy of finance’ in Western Europe and the United States that dominated ownership of the public debt. Drawing on original research, this paper offers the first comprehensive analysis of the pattern of public debt … Read More

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Critical Mass Forum

Research • Inequality and Capitalist Income

April 18, 2015

For a long time now I've been bothered by the lack of a clear connection between capitalist income and inequality. I've always thought that the connection ...

Research • Re: The Depth Spectrum

February 23, 2015

Very interesting results, Blair, and fresh thinking.Since 'techno mass', just like 'real capital', has no unique magnitude, it cannot be measured. And ...

Research • Re: The Depth Spectrum

February 22, 2015

An Investigation into the Relation between Capital Intensity and Standard Industry ClassificationIn mainstream economics, capital exists as a physical ...

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