China, India, and Global Capitalism | The New School

Accumulation, Development, and Exclusion: China, India, and Global Capitalism
INDIA CHINA INSTITUTE | http://www.newschool.edu/ici

The experiences of the global south have revealed that the growth-driven modernization projects have left in their wake a trail of marginalization, dispossession, disempowerment, and the displacement of segments of the population. How is a growth process that leads to exclusion legitimized and how are the citizen/subjects governed through organized practices? How do the excluded population reproduce the economic and social conditions of their existence? How can the process of development through accumulation-oriented growth be critically evaluated? And, what are the prospects, if any, of alternative forms of development beyond accumulation? A panel discussion examines these issues in the context of two of the fastest growing economies in the world—China and India. The panel is part of a project to examine the theme development beyond accumulation from a Third World perspective.

Participants: Partha Chatterjee, professor of political science at the Centre for Studies in Social Sciences, Calcutta, and professor of anthropology at Columbia University, New York. His works include Nationalist Thought and the Colonial World (1986), The Nation and its Fragments (1993), A Princely Impostor? The Strange and Universal History of the Kumar of Bhawal (2003), and The Politics of the Governed (2004).

Duncan Foley, Leo Model Professor of Economics, New School for Social Research. His works include Understanding Capital: Marx's Economic Theory (1986), Unholy Trinity: Labor, Capital, and Land in the New Economy (2002), and Adams Fallacy: A Guide to Economic Theology (2006).

David Harvey, distinguished professor of Anthropology at the Graduate Center of the City University of New York (CUNY). Among his many books are The Limits to Capital (1982; new edition 2007), The Condition of Postmodernity (1989), The New Imperialism (2003), A Brief History of Neoliberalism (2005), Spaces of Global Capitalism (2006), and Cosmopolitanism and the Geographies of Freedom (2009).

William Milberg, professor of Economics, New School for Social Research, will chair the session. He has authored The Crisis of Vision in Modern Economic Thought (1996, with Robert Heilbroner), The Making of Economic Society (2006, with Robert Heilbroner), and edited The Megacorp and Macrodynamics (1992), and Labor and the Globalization of Production (2004).

This event is hosted jointly by the Department of Economics, The New School for Social Research, and the India China Institute (ICI) of The New School, and is organized under the broad rubric of the theme of Prosperity and Inequality of the India China Institute. New School faculty member and ICI Fellow Lopamudra Banerjee is organizing the event.

MILANO THE NEW SCHOOL FOR MANAGEMENT AND URBAN POLICY | http://www.newschool.edu/milano
THE NEW SCHOOL FOR SOCIAL RESEARCH | http://www.newschool.edu/nssr

This panel is part of a larger initiative by a working group of economists to examine the theme Development Beyond Accumulation from a Third World perspective. The theoretical and empirical studies carried out by the group are informed by the contemporary development experiences in China and India.

THE NEW SCHOOL | http://www.newschool.edu

* Location: Wollman Hall, Eugene Lang Building. 11/02/2009 6:00 p.m. - 8:30 p.m.

Category:

Education

Tags:

• The New School
• India China Institute
• New School University
• New School
• Politics
• Global Economy
• Social Marginalization
• Globalization
• Development
• Partha Chatterjee
• Duncan Foley
• David Harvey
• William Milberg
• World Economy
• China
• India
• Brazil
• Emerging Economies
• Global
• Fair Trade

[arzoyan]

Capitalism is the Monetary bondage of immense humanity in a politically manipulated,armed,tyrannical MARKET MECHANISM of alienation,exploitation and suffering. The Business as usual is the negation of our common humanity in cooperation and harmony to take care of our real needs and well being. Capitalism dominated by Corporate criminals or State dictators is the abstract process of Capital accumulation and concentration. Profit system is historically outdated ,destructive and dehumansing.

[Scientisticsoviet]

@SunBeamsan You fail to mention the large public investment in iunfrastructure, as well as 20% if not more of GDP being dominated by large state owned enterprises (And another 25% the government itself).

And 10 years ago it was still well known that Chinese growth was outstanding. It has been since 1950, albeit with much less fluctuation since about 1975 (When investment in better flood control coupled with the abandonment of the disaster of small scale smelting came into effect).

[filestreet]

like what policies

[warriorprince1010]

Capitlaism is the right to private ownership. Capitlaism has no responsibility other than that. Government deregulation and corruption are the problems.

[warwize]

@arzoyan

profit is motivation, the strong and lucky will dominate the weak and unlucky, that is how nature works, no matter what system you make, be it communistic or capitalistic, there will always be an elite group of experts that dominate the masses. The answer isn't to take away the motivation, but to have rules that balance the system and make it fair and non-violent...

[warriorprince1010]

This nutjob Harvey's policies have been taken up by most of Southern Europe. The result...Poverty for the people, greed for the state, massive unemployment.

[warriorprince1010]

@arzoyan Capitalsim is only bad if the government doe snot regulate it and does not offer equal access to it. Statism... [communism, socialism, state planned economy]...Is mainly greed of the state and a byword for corruption and state slavery. Much worse than capitlaism. Switzerland have a good regulated free market with good education for all so equal access. It works for them.

[SunBeamsan]

@Scientisticsoviet China adopted Market policies since the late 70's toward the end of the Maoisy Era of "scientific central planning" which lead to the deaths of tens of millions of Chinese peasant farmers. Under the market reforms of Chairman Deng Xioping, China moved towards privatization of farm land back to the peasants, known as "Socialism with Chinese Characteristics". Since the Chinese Economic reforms and a turn to market policies, China became who it is today.

[Scientisticsoviet]

@SunBeamsan The problem is that generally countries that adopt some sort of industrial policy and state direction generally develop much faster than those which do not.

For instance, growth collapsed in Latin America and Africa up until the mid 2000s, precisely as the msot extreme forms of liberalization were imposed (ie. privatization, deregulation, cutting of tariffs & subsides, as well as cutting public investment).

[SunBeamsan]

@SunBeamsan Utopian free-market? That's funny, Capitalism isn't about Utopia, unlike the dated economic dogmas Socialism and central planning. If you look at the historical facts, those countries which have embraced a "market" policy have advanced by leaps and bounds compared to the more backwards centrally planned command economies. Look at China,10 years ago no one expected it to become the economic and financial power house it is today with some f the most rapidly increasing living standards.