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Author page: Thomas Jessen Adams

I wonder and worry if the fashionability of the field comes from its evasion of this question. Does it spring from a hope…that capital and capitalists can regulate themselves, that in effect, capitalism can have a history sans class politics. As Stein’s work shows, this seems at best naively decontextualized—detached from the actual history of capitalism. And at worst? Then the new history of capitalism looks a lot like the ideological expression of its subject.
It is of course a complete accident that the same year that marks the tenth anniversary of the failure of federally maintained levees, incompetent disaster relief, and rampant profiteering in the face of a relatively pedestrian hurricane known as Katrina should also mark the fiftieth anniversary of the publication by an obscure Assistant Secretary of Labor named Daniel Patrick Moynihan of The Negro Family: The Case for National Action…The chance of history that brought the anniversaries of the Moynihan Report and Hurricane Katrina together helps elucidate both the long-term implications of Moynihan’s dominance over a large portion of American discourse regarding inequality—a discourse that bears a great deal of responsibility for the effects of that fairly mundane storm—and the long historical temporalities that produced Katrina as a storm of unthinkable tragedy. Indeed, Katrina did not form to the southeast of the Bahamas on August 22, 2005. It formed when Moynihan helped consolidate the culture of poverty thesis in 1965. It formed when a conception of freedom grounded in contract, work-discipline, and various versions of moral economy defeated its multiple historical alternatives. It formed when American politics ceased to effectively challenge these defeats. In fact, if we further widen our lens, we…
Like the ideology undergirding Occupy Wall Street, Piketty’s book exhibits a marked lack of historical consciousness and complexity. Like Occupy Wall Street, it confuses capitalism with capitalist social relations. And thus both protest and text imagine solutions without politics, lack coherence regarding the necessity for a revaluation of labor and a shrinking of the moral confines of the market, and hope for a better world sans class politics as a mechanism.