The power of value
DOI link for The power of value
The power of value book
The objective of this book has been to politicize globalization through a critical rewriting of global political economy. To do so I have introduced several analytical devices: a framework of overlapping reproductive, productive, and virtual economies to integrate multiple “levels” or spheres of the political economy, and “triad analytics” to reveal the interaction of identities, ideologies, practices, and institutions. The evidence and arguments of preceding chapters expose how power operates in prevailing analytical accounts and prominent empirical trends. This work suggests that the uneven effects of neoliberal globalization are not a temporary “side show” but the enduring “main story” of capitalism as an unfettered force. The unbridled pursuit of proﬁt and its corollary commodiﬁcation of the lifeworld is neither a natural nor neutral development. It is a socially embedded and inherently political project, “one in which the balance of power between different economic actors has shifted dramatically” (Harmes 2001, 3).