Capitalism at a Crossroads: A New Reset? PDF
Preview Capitalism at a Crossroads: A New Reset?
Springer Studies in Alternative Economics Ali Ari Editor Capitalism at a Crossroads A New Reset? Springer Studies in Alternative Economics Thisbookseriesoffersanoutletforcutting-edgeresearchinalternative,heterodox andpluralisteconomics.Itfeaturesscholarlystudies onvariousschoolsofthought beyond the neo-classical orthodoxy, including Austrian, Post Keynesian, Sraffian, Marxian, Georgist, Institutional-evolutionary, as well as feminist, radical, social, green, and ecological economics. It aims to promote pluralism of economic ideas, methodologicalapproaches,andtopics. The series also welcomes works that seek to develop alternative visions of the economy, economic structures and new approaches that aim to serve society, for example by embedding the economy within the ecosystem, or to enrich economic thought by advancing diversity, gender, race, and social equality. All titles in this seriesarepeer-reviewed. Ali Ari Editor Capitalism at a Crossroads A New Reset? Editor AliAri DepartmentofPoliticalScienceandPublic Administration MarmaraUniversity Istanbul,Turkey ISSN2731-5908 ISSN2731-5916 (electronic) SpringerStudiesinAlternativeEconomics ISBN978-3-031-23256-5 ISBN978-3-031-23257-2 (eBook) https://doi.org/10.1007/978-3-031-23257-2 ©TheEditor(s)(ifapplicable)andTheAuthor(s),underexclusivelicensetoSpringerNatureSwitzerland AG2023 Thisworkissubjecttocopyright.AllrightsaresolelyandexclusivelylicensedbythePublisher,whether thewholeorpartofthematerialisconcerned,specificallytherightsoftranslation,reprinting,reuseof illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similarordissimilarmethodologynowknownorhereafterdeveloped. Theuseofgeneraldescriptivenames,registerednames,trademarks,servicemarks,etc.inthispublication doesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfromtherelevant protectivelawsandregulationsandthereforefreeforgeneraluse. The publisher, the authors, and the editorsare safeto assume that the adviceand informationin this bookarebelievedtobetrueandaccurateatthedateofpublication.Neitherthepublishernortheauthorsor theeditorsgiveawarranty,expressedorimplied,withrespecttothematerialcontainedhereinorforany errorsoromissionsthatmayhavebeenmade.Thepublisherremainsneutralwithregardtojurisdictional claimsinpublishedmapsandinstitutionalaffiliations. ThisSpringerimprintispublishedbytheregisteredcompanySpringerNatureSwitzerlandAG Theregisteredcompanyaddressis:Gewerbestrasse11,6330Cham,Switzerland Contents Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 AliAri PartI CurrentProblemsoftheWorldEconomy EndofEndlessGrowthRegime:AccumulationandTechnology. . . . . . 15 MehmetHanefiTopal Energy,EconomicGrowth,andEcologicalCollapse. . .. . . . . . . . . . .. . 37 RaifCergibozanandEmreAkusta AgricultureandFoodProblemsandSolutions:Challengesand CapacityoftheCapitalistSystemintheTwenty-FirstCentury. . . . . . . 59 MuratÇetinandMuratÖztürk FinancializationandFinance-DrivenCapitalism. . . . . . . . . . . . . . . . . . 81 BetülMutlugün IncomeInequality,HouseholdDebt,andFinancialCrises. . . . . . . . . . . 105 AliAriandRaifCergibozan HealthCrisis,IncomePovertyandPublicPoliciesintheWorld. . . . . . . 125 Jean-ClaudeVérez TradeWarsandtheChangingBalanceofPower. . . . . . . . . . . . . . . . . . 141 CharalamposEfstathopoulos OnEconomicSecurityandthePoliticalEconomyofNeocolonialist Capitalism:TheCaseofFranceandNiger’sUraniumResources. . . . . . 159 MuratYülek,SaimKarabulut,andAliOsmanKarcı PoliticalCrisesofCapitalism. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181 HakanMehmetcikandDogukanTaskiran v vi Contents PartII QuestforRebuildingtheCapitalism ArtificialIntelligence,TechnologicalChange,andtheFuture ofCapitalism. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 197 CanerDemirandSerhatÇakmak EndlessGrowthRegime:TheRoleofElasticityofSubstitution andExtraordinaryEconomyPolicies. . . . . . . . . . . . . . . . . . . . . . . . . . . 211 AtaOzkaya COVID-19:AnAssessmentintheContextofItsEconomic ImpactsandMarket-StateRelationship. . . . . . . . . . . . . . . . . . . . . . . . . 235 SemanurSoyyiğitandElifeAkiş GreatReset. . . .. . . .. . . .. . . . .. . . .. . . .. . . .. . . .. . . .. . . . .. . . .. 257 AbdüsselamSaginandÜnalÇaglar DegrowthStrategytoSustaintheCapitalistSystem. . . . . . . . . . . . . . . . 285 SüleymanEmreÖzcanandCanerDemir CanGreenDealsSaveCapitalismfromEcologicalCollapse?. . . . . . . . . 305 LaurentBaechler GreenTechnologyandSmartSolutionsforCapitalistCitiesinthe Twenty-FirstCentury. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 323 SelinCalik SolidarityEconomy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 337 OlivierGajac AuthorsIndex. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 367 Countries/RegionsIndex. . . . . . .. . . . . . . . . .. . . . . . . . .. . . . . . . . . .. 369 Institutions/OrganizationsIndex. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 371 ProgramsIndex. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 373 SubjectIndex.... ..... ...... ...... ...... ..... ...... ...... . 375 Contributors ElifeAkiş DepartmentofEconomics,IstanbulUniversity,Istanbul,Turkey EmreAkusta DepartmentofEconomics,KirklareliUniversity,Kirklareli,Turkey Ali Ari Department of Political Science and Public Administration, Marmara University,Istanbul,Turkey LaurentBaechler Centre,Nice,France ÜnalÇaglar DepartmentofEconomics,KirklareliUniversity,Kirklareli,Turkey Serhat Çakmak Department of Economics, Manisa Celal Bayar University, Manisa,Turkey ElifSelinCalik LondonInstituteofDirectors,London,UK Raif Cergibozan Department of Economics, Kirklareli University, Kirklareli, Turkey MuratÇetin DepartmentofEconomics,IstanbulUniversity,Istanbul,Turkey CanerDemir DepartmentofEconomics,ManisaCelalBayarUniversity,Manisa, Turkey Charalampos Efstathopoulos Department of International Politics, Aberystwyth University,Aberystwyth,UK OlivierGajac CentreÉmileDurkheimdeBordeaux,Pessac,France SaimKarabulut OstimTechnicalUniversity,Ankara,Turkey AliOsmanKarci OstimTechnicalUniversity,Ankara,Turkey vii viii Contributors Hakan Mehmetcik Department of International Relations, Marmara University, Istanbul,Turkey UniversityofNotreDame,KelloggInstituteforInternationalStudies,NotreDame, IN,USA BetülMutlugün DepartmentofEconomics,IstanbulUniversity,Istanbul,Turkey Süleyman Emre Özcan Department of Economics, Manisa Celal Bayar Univer- sity,Manisa,Turkey AtaOzkaya DepartmentofEconomics,GalatasarayUniversity,Istanbul,Turkey MuratÖztürk DepartmentofEconomics,KirklareliUniversity,Kirklareli,Turkey Abdüsselam Sagin Department of Economics, Kirklareli University, Kirklareli, Turkey SemanurSoyyigit DepartmentofPublicFinance,KirklareliUniversity,Kirklareli, Turkey Dogukan Taskiran Department of International Relations, Marmara University, Istanbul,Turkey Mehmet Hanefi Topal Department of Public Finance, Kirklareli University, Kirklareli,Turkey Jean-Claude Vérez University of Artois and International Centre for European Training,Arras,France MuratYülek OstimTechnicalUniversity,Ankara,Turkey List of Figures Chapter3 Fig.1 EvolutionofIndustrialCivilization.Source:Authors’calculations basedonBose(2010,p.2).............................................. 38 Fig.2 EnergyConsumption(Exajoules).Source:Authors’calculations basedondataprovidedbyBP,2021StatisticalReviewofWorld Energy..................................................................... 40 Fig.3 EnergyConsumptionbySource(2020).Source:Authors’ calculationsbasedondataprovidedbyBP,2021Statistical ReviewofWorldEnergy................................................ 41 Fig.4 ElementsofSustainableDevelopment.Source:Authors’ calculationsbasedonMunasinghe(2002,p.127)..................... 43 Fig.5 Energy–Society–Economy–SocialDevelopmentRelationship. Source:Authors’calculationsbasedonOECD/AfDB (2004,p.44).............................................................. 44 Fig.6 ImpactofthePandemiconEnergyConsumptionandCO Emissions. 2 Source:Authors’calculationsbasedondataprovidedbyBP,2021 StatisticalReviewofWorldEnergy.................................... 45 Fig.7 WorldEnergyConsumptionandEconomicGrowth.Source: Authors’calculationsbasedondataprovidedbyBP,2021 StatisticalReviewofWorldEnergy.................................... 47 Fig.8 WorldGDPandCO Emissions.Source:Authors’calculations 2 basedondataprovidedbyBP,2021StatisticalReviewofWorld Energy..................................................................... 51 Fig.9 AnnualRateofChangeinWorldCarbonEmissionsandGDP. Source:Authors’calculationsbasedondataprovided byBP,2021StatisticalReviewofWorldEnergy..................... 52 ix
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