Capitalism

Growth for Good: Reshaping Capitalism to Save Humanity from Climate Catastrophe by Alessio Terzi, Harvard University Press, 2022; pp 368, $29.95.

Echelons of labour in the production process are investigated. There is labour directed at the flow of output. Unproductive work also exists. It is concluded that the government expenditure supports production, and the taxation of unearned incomes should be 100%.

Vol VII, No 52 DECember 23, 1972

The long crisis of monopoly capitalism has left the world of work in disarray. Several ongoing transformations in the world economy, such as those pertaining to the dispersion of production processes, and technological transformations, have major implications for the evolving labour question. When viewed through the lens of Karl Marx’s analytical framework, especially his formulation of the “General Law of Capitalist Accumulation,” one can conclude that the material and sociopolitical prospects for labouring people are being reconfigured. Thus, it is evident that capitalism is entirely unable to resolve the world’s labour question, and this necessitates moving beyond the logic of capitalism itself.

Tribe and State in Asia through Twenty-Five Centuries by Sumit Guha, Ann Arbor: Association for Asian Studies (Asia Shorts Series), 2021; pp 124, price not mentioned.