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Fifth Estate’s critique of the megamachine

4 Steve Millett Technology is capital: Fifth Estate’s critique of the megamachine Introduction ‘How do we begin to discuss something as immense as technology?’, writes T. Fulano at the beginning of his essay ‘Against the megamachine’ (1981a: 4). Indeed, the degree to which the technological apparatus penetrates all elements of contemporary society does make such an undertaking a daunting one. Nevertheless, it is an undertaking that the US journal and collective Fifth Estate has attempted. In so doing, it has developed arguably the most sophisticated and

in Changing anarchism
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The Debt–Growth–Inequality Nexus

.6 Financial securities 64.4 29.5 6.1 Trusts 38.0 43.0 19.0 Business equity 61.4 30.5 8.1 Non-home real estate 35.5 43.6 20.9 Total assets for group 50.4 37.5 12.0 Total debt for group 5.9 21.6 72.5 Data from Wolff (2012, 2013). Consequences: The Debt–Growth–Inequality Nexus 115 the top 1 percent own over 50 percent of the wealth-generating assets, but have only 5.9 percent of the debt. Margrit Kennedy (2012), drawing on Creutz and research on the German economy, writes that some 35–40 percent of everything we buy goes to interest to bankers

in Debt as Power
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War, National Debt, and the Capitalized State

, and the endless search for equilibrium prices and Pareto optimality. We do not deny some role for these phenomena and fetishes— real or imaginary. What we do not share is this teleological approach to historical inquiry. First, because it occludes the illegitimate hierarchical effects of organized power and second because our starting point of differential power relations does not permit a teleological reading of history. In short, things can always be otherwise, and part of our task as scholars is to uncover how the present is no natural or progressive derivation

in Debt as Power

its members owed each other. 3 Meanwhile in the real world, the political agenda was being set by libertarians, 4 with welfare states as their primary targets. In their emphasis on individual freedom, and the capacity of (global) markets to maximise this (while simultaneously optimising economic outcomes), they raised the possibility of self-governing communities of choice – selected by their members for

in Political concepts

this perspective, Shell’s reorganisation contributed to an enhancement of the company’s learning capacity during the 1990s. While the other two companies have adopted less systematic and broad-based approaches to 2543Chap4 Company structure: ExxonMobil 16/7/03 Figure 4.2 Corporate headquarters Global services: computing, procurement, real estate Source: ExxonMobil (1999b), www.exxon.mobil.com/shareholder_publications/c_fo_99/c_merger.html. Power, coal and minerals Global business lines Refining and supply Lubricants and petroleum specialisms Gas marketing

in Climate change and the oil industry
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The leadership gamble of William Hague

would have been interesting to see how Kenneth Clarke might have exploited the fuel crisis of September 2000. Equally, no one can argue that Hague was an electoral asset to his party. Throughout the Parliament he trailed his party in the opinion polls, sometimes by considerable margins. In April 2001 less than half of Conservative voters thought that their own leader would make the best Prime Minister – the figure for the electorate as a whole was 14 per The leadership gamble of William Hague 51 cent, and later it fell even further.2 Whatever his impact on the

in The Conservatives in Crisis

logos (‘science’, ‘argument’). Precursors of ecologism can be found in the writings of Greek and Roman poets and their love of the bucolic life on their country estates (although they might be more properly viewed as, at most, ‘environmentalist’ in their view of nature). Medieval and Renaissance poets and artists celebrated the natural world and its spiritual values. But it was during the eighteenth and nineteenth centuries

in Understanding political ideas and movements
Continuities and contradictions underpinning Amitai Etzioni’s communitarian influence on New Labour

socio-economic policy had not only improved the living conditions of the disadvantaged but had created an unhealthy dependence on governmental support. With regard to those in work, Etzioni points to the fact that household income was on the increase. But this had less to do with an increase in real income for individuals, and more with a greater financial need or reliance on more

in The Third Way and beyond

ecological concerns, and its association with a bipolar world; 7 before being equated with a social system in which the husband was the bread-winner and the wife the housewife and mother, and identified with such perversions as ‘the social engineering which has left a legacy of decaying, crime-ridden housing estates’. 8 Social democracy, in short, is reduced to some highly

in The Third Way and beyond

audience based on a contract with the Länder. The Bundesbank is also an example of indirect federal administration, but it is completely autonomous, as are its branches in the Länder (Landeszentralbanken). 24 A variety of social insurance agencies are also included in indirect federal administration. Federal Minister of Finance Land Minister of Finance High Finance Authority with the federal sectons and Land sections Customs and sales tax division Federal assets division Property and transportation tax division Land assets and construction division Major customs

in The Länder and German federalism