Krupp Foundation Professor of European Studies, Harvard University; CES Resident Faculty & Seminar Co-chair, Harvard University
April 24, 2020
2:00pm - 3:30pm
Hoffmann Room, Adolphus Busch Hall
** This is a book talk and no paper will be circulated in advance of it. **
The wake of the financial crisis has inspired hopes for dramatic change and stirred visions of capitalism’s terminal collapse. Yet capitalism is not on its deathbed, utopia is not in our future, and revolution is not in the cards.
In Capitalism on Edge, Albena Azmanova demonstrates that radical progressive change is still attainable, but it must come from an unexpected direction. Azmanova’s new critique of capitalism focuses on the competitive pursuit of profit rather than on forms of ownership and patterns of wealth distribution.
She contends that neo liberal capitalism has mutated into a new form—precarity capitalism—marked by the emergence of a precarious multitude. Widespread economic insecurity ails the 99 percent across differences in income, education, and professional occupation; it is the underlying cause of such diverse hardships as work-related stress and chronic unemployment.