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At a basic level, the timeline reveals that capitalism has a beginning—as opposed to being natural or inherently good—and thus can have an end, but capitalism has become hegemonic over the past couple hundred years, moving through different phases (including neoliberalism), shaping social relationships, impacting the environment and maintaining itself via capture of government institutions ...
Marx and Engels predicted in 1848 that capitalism would spread to the entire world. By the end of the twentieth century, that prediction was confirmed: capitalism had indeed become global, but only after a tortuous and violent course of institutional change in many parts of the world. This paper provides a brief
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The three booming decades that followed the Second World War, according to political economist Clara E. Mattei, were an anomaly in the history of contemporary capitalism. She writes that austerity did not originate with the emergence of the neoliberal era starting in the 1970s, but "has been the mainstay of capitalism." [41]
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global histories connected and compared
Meanwhile, global historians, with a few prominent exceptions, have remained indifferent to the history of capitalism.16 This may be partly explained by the sway of cultural theory in the historical discipline since the 1980s and an increasing suspicion of ‘grand narratives’.17 By the moment of the field’s emergence in the 1990s, for a historical profession in the midst of its cultural turn and under the apparent hegemony of neoliberalism, ‘capitalism’ was invisible. One effect of that invisi...
capitalism and global history in past and present: a narrative reappraisal
Over the course of our conversations, it became clear to us that the history of capitalism’s struggle to define its subject and global history’s difficulties in coming to grips with power and causality shared common roots. They suggested three related hypotheses for further investigation. The first is that the history of capitalism will not be able to meaningfully corral its subject until it grapples with the way that capitalism itself moves beyond the bounds of the nation state, as a connect...
capitalism in global history
The newest iteration of the global history of capitalism has returned to the question that drove Hobsbawm and Brenner’s theoretical excursions. Yet some of the conclusions that recent historians have drawn about the nature and development of (especially North American) capitalism fall into similar conceptual traps. Capitalism became about wage labour, they argue, but only after passing through a stage where it was, essentially, about slavery. But that reconfiguration, however promising and ge...
- Andrew David Edwards, Peter Hill, Juan Neves-Sarriegui
- 2020
Apr 10, 2014 · 8) Wealth is much more unequal than income. You hear a lot about income inequality, but as this chart makes clear wealth inequality is much more severe. In the United States, just 1 percent of the ...
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Sep 8, 2017 · If you looked at the chart in any depth, you probably noticed a big problem with it. The time periods between data points aren’t equal – in fact, they are not close at all. The first gap on the x-axis is 1,000 years and the second is 500 years. Then, as we get closer to modernity, the chart uses mostly 10 year intervals.
