By Simon Tormey
Unlike different, ideologically-narrow introductions, Tormey introduces us to all of the eclectic teams — anarchists, Marxists, autonomists, environmentalists — and suggestion that make up the anti-capitalist circulate. delivering worldwide and historic context, he is taking us from the 1994 Zapatista revolt throughout the 1999 Seattle protests correct as much as Occupy Wall road, the Indignados of Spain and the present Greek uprisings. Going past a trifling descriptive take, Tormey weighs up various probabilities for bringing approximately possible choices to the company domination of our planet. this can be a attention-grabbing and ambitious exploration of ways to appreciate the realm — and the way to alter it.
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Additional resources for Anti-Capitalism: A Beginner's Guide
Easily my largest debt in this regard is, however, owed to Andy Robinson. As well as supplying a near constant stream of activist materials over the past few years, he has been a valuable ‘sounding-board’ for more or less every idea or theme that has found its way into the book. He also read and commented – in his own inimitable fashion – on crucial parts of the manuscript. Finally, I’d like to thank Véronique and our children, Max, Gabrielle and Louis for putting up with me and my numerous ‘absences’ when I should have been reading them a book or playing in the field.
The other part of the story is the explosion of the instruments devised in order to maximise profits for banks and for the individuals who work for them. The terms are on one level technical and sober-sounding: ‘credit default swaps’, ‘collateralised debt obligations’ (CDOs), ‘structured investment vehicles’ and suchlike. The idea of ‘derivative’ products such as these is to make it easier for banks to buy and sell debt, to insure themselves against bad debt (‘securitisation’) and generally to take on additional risk with the promise of additional rewards.
Such developments conform to what is sometimes termed the ‘logic of capitalist accumulation’. To keep her business going the capitalist entrepreneur has to compete effectively, and this in turn means finding the most productive, most competitive, most commodious environment in which to operate. Not to do so is, as the history of contemporary capitalism painfully illustrates, to consign one’s business to the dustbin of history. It was for this reason that even Marx argued there is little point in blaming individual capitalists for the character of capitalism.