Reviews
It helps you understand how market advocates and market radicals distort capitalism.
Quinn Slobodian, Cracked-Up Capitalism. In Cracked-Up Capitalism, historian of international history Quinn Slobodian tells the story of market radicals. The term “cracked-up capitalism,” which I first encountered in this book and which also gives it its title, means making holes in sovereign states and escaping democracy under the name of “Zones” to build a world for capital alone. The author discusses capitalism fractured across many different places. Hong Kong is especially distinctive
What will the future of capitalism look like? For decades, Western-style capitalism led by Europe and the United States spread around the world and seemed to establish itself as a successful ideology. Under the banners of neoliberalism and globalization, advances in internet technology expanded trade, money flowed across borders, and the world became more interconnected. It has continually faced challenges from forms of authoritarian capitalism controlled by government intervention, as in
The perspectives on the relationship between capitalism and democracy, and on the strengthening of capital’s power through market supremacy fracturing capitalism, make the book engrossing.
Queen Slobodian: Crack-up Capitalism
Crack-Up Capitalism, the new book by historian Quinn Slobodian, a professor of history at Boston University whose previous work, Globalists, attracted intense attention in academia and the media, has been published. In this book, Slobodian traces the history of market radicals seeking to find perfect spaces for markets within sovereign states, and exposes their strategy of using zones. A zone, such as a special economic zone or an export processing zone, is a space that exceptionally escapes state regulations or democratic processes in response to economic needs and the demands of capital. Slobodian points out that market radicals are trying to punch holes called zones around the world and build escape routes for capital. In his new book, he names this effort crack-up capitalism, or capitalism of breaking apart, and examines it one place at a time, beginning with the most representative zones, Hong Kong and Singapore, and moving on to London, Silicon Valley, Dubai, Somalia, and even the metaverse. The Korean edition of Crack-Up Capitalism includes a special preface by the author for Korean readers, introducing a Korean version of crack-up capitalism that began with close cooperation between chaebol conglomerates and the state. Understanding the libertarian politics implied by zones that are emerging under the banner of economic logic may help us understand why the desire for libertarianism has not disappeared, even though the COVID-19 crisis showed us the importance of the state.
Korean title: 크랙업 캐피털리즘
Korean author: 퀸 슬로보디언
Korean publisher: 아르테(arte)
ISBN-13: 9791171176205
Reviews
It helps you understand how market advocates and market radicals distort capitalism.
Quinn Slobodian, Cracked-Up Capitalism. In Cracked-Up Capitalism, historian of international history Quinn Slobodian tells the story of market radicals. The term “cracked-up capitalism,” which I first encountered in this book and which also gives it its title, means making holes in sovereign states and escaping democracy under the name of “Zones” to build a world for capital alone. The author discusses capitalism fractured across many different places. Hong Kong is especially distinctive
What will the future of capitalism look like? For decades, Western-style capitalism led by Europe and the United States spread around the world and seemed to establish itself as a successful ideology. Under the banners of neoliberalism and globalization, advances in internet technology expanded trade, money flowed across borders, and the world became more interconnected. It has continually faced challenges from forms of authoritarian capitalism controlled by government intervention, as in
The perspectives on the relationship between capitalism and democracy, and on the strengthening of capital’s power through market supremacy fracturing capitalism, make the book engrossing.
