The Cancer Stage of Capitalism

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In this bold new look at the recent uncontrolled spread of global capitalism, John McMurtry, professor of philosophy at the University of Guelph, develops the metaphor of modern capitalism as a cancer. Its invasive growth, he argues, threatens to break down our society's immune system and--if not soon restrained--could reverse all the progress that has been made toward social equity and stability. On every continent, in every state, there are indicators of profound economic and environmental collapse. From the lands of indigenous communities to the currency markets of Asia, from the ocean floors to the ozone layer, the collapse is all-encompassing and deep-reaching. John McMurtry traces the causes of this global disorder back to the mutating assumptions of market theory that now govern the world’s economy. He diagnoses the malaise as a pathologist would a biological cancer, tracking the delinked circuits of the global system’s monetised growth as a carcinogenic disorder at the social level of life-organization. In the wide-lensed tradition of Adam Smith, Marx and Keynes, McMurtry cuts across academic disciplines and boundaries to penetrate the inner logic of the system’s problems. Far from pessimistic, he argues that the way out of the global crisis is to be found in an evolving substructure of history which provides a common ground of resolution across ethnic and national divisions. Reaching beyond conventional textbooks, this fascinating study offers a new paradigm which is accessible to intelligent citizens the world over.

Author(s): John McMurtry
Publisher: Pluto Press
Year: 1999

Language: English
Pages: 320

Contents......Page 4
vii......Page 5
Acknowledgements......Page 9
as sanctified by God, 1-19......Page 11
13-15......Page 23
cases of, 25......Page 35
as imitative of capitalism, 31......Page 41
mutations of, viii, 37-132......Page 47
concept of free market, 41-4......Page 51
of market, 45......Page 55
value-adding, of money worth 62......Page 72
contradictions with corporate market, 67-8......Page 77
inner logic of, 78-82......Page 88
82......Page 92
pollution of, 85-112......Page 95
holistic, 89......Page 99
systemic decline of, 105-9......Page 115
falling income and increasing debt of, 109-10......Page 119
as imitative of capitalism, 111......Page 121
as determiner of social and ecological breakdown, 113-32......Page 123
132-5......Page 142
not genetic, 141-3......Page 151
Scott Paper 144......Page 154
of life, 150-63......Page 160
money-sequence mutation of, 164-5......Page 174
unseen logic of contemporary military, 171-8......Page 181
178-82......Page 188
190......Page 200
191-2......Page 201
204-5......Page 214
logic of life-serving, 216-17......Page 226
226......Page 236
and capital flows, 238-55......Page 248
in global market, 255-8......Page 265
259n......Page 269
Humanity Tribunal 264n......Page 274
269n......Page 279
Thurow, Lester 276n......Page 286
manipulation of, 284n......Page 294
Epilogue: Depathologizing Competition......Page 303
Index......Page 304
4-5......Page 14
as criminal, 6......Page 16
relativist drift 151......Page 161
as self-maximization, 18......Page 28
distinguishes self from not-self, vii, 46......Page 56
and market model, 135-40......Page 145
Pigou, AC 277n......Page 287
and need, 50......Page 60
and discriminatory treatment, 80......Page 90
United Nations 287-8n......Page 297
logic of government, 220-6......Page 230
of global market, 242......Page 252
5......Page 15
reparations 254......Page 264
village life 286n......Page 296
223-4......Page 233
inferior, criterion of 168......Page 178
market selection for, 280n......Page 290
35-6......Page 45
scientific medicine, principle of 163......Page 173
Walmart Inc. 169......Page 179
triune parametric of, 155-6......Page 165
pollution of, 152......Page 162
prevention of environmental, 2......Page 12
228......Page 238
and national debt, 288n......Page 298
38-41......Page 48
war as financial determinant, 243......Page 253
of commons, 205......Page 215
structure of capitalist, 60-1......Page 70
pollution of, 83......Page 93
basis of, 99......Page 109
and IMF, 181-2......Page 191
as entertainment, 177......Page 187
environmental destruction of, 270......Page 280
206-7......Page 216
Habermas, Jurgen 279n......Page 289
as conflicted, 251......Page 261
povertization of in US 266n......Page 276
112......Page 122
pollution of, 157......Page 167
by inversion of meaning, 261......Page 271
3......Page 13
148-9......Page 158
1960s......Page 21
156-7......Page 166
pharmacology 159......Page 169
ways of seeing 214-15......Page 224
vegetarian fast foods 252-3......Page 262
207......Page 217
sociology 20-2......Page 30
nature and definition of, viii, 23......Page 33
Nicaragua 57......Page 67
destruction of, 69-70......Page 79
95......Page 105
vs money demand, 103......Page 113
100-2......Page 110
Foucault on, 260n......Page 270
Scotus, Duns 262......Page 272
Tokyo 179......Page 189
8-9......Page 18
economics of, 153......Page 163
metric of, 222......Page 232
202......Page 212
Tobin tax 240-1......Page 250
repressed choice out of 289......Page 299
as world-destructive, 256......Page 266
nature of, 210-11......Page 220
Deism of, 136......Page 146
justifications of, 234......Page 244
loss of individual agency by, 221-2......Page 231
by global market concepts, 209......Page 219
Resurgent Diseases 91......Page 101
blinkers out effects, vii, 92......Page 102
176......Page 186
inner logic of, 54-5......Page 64
global market selection for, 74......Page 84
122......Page 132
bank policy to reduce, 246......Page 256
124......Page 134
usury, expropriation by sequences of, 253......Page 263
and US revolution, 245......Page 255
monied aristocracy 291......Page 301
and money-lenders, 173......Page 183
in relation to interest income, 275n......Page 285
determinants of, 9......Page 19
Soros, George 201-2......Page 211
unwaged labour of, 248......Page 258
Rwanda 184-6......Page 194
proper functions of, 55......Page 65
abolished in global market, 236-8......Page 246
28-9......Page 38
metric of, 211......Page 221
global, 61......Page 71
ethic of, 158......Page 168
disconnection from fact, 94......Page 104
life sequence vs money sequence, 154......Page 164
resources, confusion of concept, 161......Page 171
structure of determination of, 146-7......Page 156
triune parametric of, 162......Page 172
and Black Death, 90......Page 100
as conflicted, 194-5......Page 204
hidden levels of, 196-8......Page 206
to corporations, 126......Page 136
revolution of, 225-6......Page 235
and capital participation, 292-3......Page 302
and civil commons, 7......Page 17
of market, 278n......Page 288
282......Page 292
subsidization of, 265-6n......Page 275
257......Page 267
model of, 117-19......Page 127
recognized need for, 188-9......Page 198
as surplus population, 108......Page 118
115-16......Page 125
concept of free market, 58-9......Page 68
persons, corporations as 129......Page 139
84......Page 94
107......Page 117
for corporations, 64-6......Page 74
tumour formations of, 185......Page 195
Kristol, William 76......Page 86
repressed choice out of 143......Page 153
vii-x, 29......Page 39
conflicting functions of, 33-4n......Page 43
230......Page 240
182......Page 192
and market clearances, 281n......Page 291
causation of domestic, 106......Page 116
56......Page 66
and debt, 125......Page 135
233......Page 243
267......Page 277
declarations of war by, 195-6......Page 205
as recognized problem, 192......Page 202
rule out human and environmental life, 175-6......Page 185
86......Page 96
as social immune system, 235......Page 245
death threats against 52......Page 62
63......Page 73
249......Page 259
identification with, 203-4......Page 213
repressed choice out of 241......Page 251
and selection of choice-paths, 70......Page 80
closure of, 229......Page 239
and genocide by global market, 128......Page 138
of economists, 17......Page 27
destruction of, 65......Page 75
and debt, 119......Page 129
destruction of, 123......Page 133
blinkers out effects, vii, 30......Page 40
lethal, ix, 34......Page 44
215......Page 225
causation of domestic, 110......Page 120
of global market system, 127-8......Page 137
165-80......Page 175
hidden levels of, 244-58......Page 254
for corporations, 224......Page 234
ruling out over-regulation, 218-26......Page 228
logic of, 217 and international law......Page 227
bank policy to reduce, 250-4......Page 260
political science 19-20......Page 29
blame victims of, 68......Page 78
Savimbi, J. 149......Page 159
in global market, 290n......Page 300
Walras, Leon 263n......Page 273
global market selection for, 47......Page 57
determination of, 166-8......Page 176
42-5......Page 52
53-4......Page 63
of market paradigm, ix, 12-14......Page 22
of US dollar, 186......Page 196
anatomy of, 133-6......Page 143
96......Page 106
corporate, 239......Page 249
nature of social, 116......Page 126
36-7......Page 46
147......Page 157
Thatcher administration 118......Page 128
79......Page 89
structure of capitalist, 130......Page 140
98......Page 108
134-40......Page 144
by workers, 137......Page 147
as secret of evolution, 258......Page 268
of life, 97-8......Page 107
life basis of, 26......Page 36
psychological basis of, 15......Page 25
market form of, 14-16......Page 24
22-3......Page 32
economics as, 16......Page 26
viii......Page 6
and language, 208......Page 218
139......Page 149
market law of, 140-3......Page 150
market delivery of, 138-9......Page 148
Thoreau, Henry 49......Page 59
taxation 44......Page 54
logic of government, 219......Page 229
closure of, 227......Page 237
characteristics of, 40......Page 50
in US, 268n......Page 278
hidden levels of, 212......Page 222
youth, 273n......Page 283
market-intensive commodities of, 174......Page 184
of market paradigm, ix, 77-8......Page 87
271n......Page 281
237......Page 247
93-4......Page 103
Marx and, 102-4......Page 112
72......Page 82
32......Page 42
180......Page 190
anatomy of, 120......Page 130
Marx and, 10-11......Page 20
nature and definition of, viii, 21......Page 31
of market paradigm, ix, 145......Page 155
121......Page 131
x......Page 8
by global market concepts, 213......Page 223
method of, 27-8......Page 37
social-structural, 24......Page 34
masking of, vii, 101......Page 111
overpopulation, as symptom 114-15......Page 124
desublimation, 198......Page 208
88......Page 98
and military connection, 172-3......Page 182
global market selection for, 71-2......Page 81
160......Page 170
repudiated, 81......Page 91
Norway 247......Page 257
104......Page 114
193......Page 203
structure of capitalist, 75......Page 85
nature of, 142......Page 152
structure of determination of, 272n......Page 282
197......Page 207
vs medium of exchange, 39......Page 49
and democracy, 59......Page 69
metric of, 231......Page 241
war crimes 232-6......Page 242
and ethnocides, 183-5......Page 193
200......Page 210
making accountable to common interest, ix......Page 7
as world-historical agent, 274n......Page 284
as incompetent, 189n......Page 199
43-4......Page 53
subsidization of, 51-2......Page 61
73......Page 83
87......Page 97
structure of, 167-8......Page 177
closure of, as inhuman......Page 10
debasement of, 170......Page 180
repressed choice out of 199-201......Page 209
as conflicted, 285......Page 295