Edited and introduced by Maliha Safri, the twin origins of this exchange—Safri's activist and scholarly work on class analyses of worker cooperatives undertaken in conjunction with the U.S. Social Forum, and, concurrently, the conversations among various members of the Association for Economic and Social Analysis around the analysis done by J. K. Gibson-Graham on worker cooperatives—offer some insight into the stakes of this discussion. As Safri tells us, these exchanges began to take a more public form at last year's Left Forum and produced the collection of essays presented here.
Paul Krugman, stuck in the old Keynesian rut amidst its blinders. The recession would be over, he says, if only the government ran more and bigger deficits to provide the needed fiscal boost. If only the Obama people and those crazy Republicans were less afraid of such bold government action, less befuddled by ideology, and less ignorant of economics.
A talk given at the World Social Forum 2010, Porto Alegre
The historical geography of capitalist development is at a key inflexion point in which the geographical configurations of power are rapidly shifting at the very moment when the temporal dynamic is facing very serious constraints. Three percent compound growth (generally considered the minimum satisfactory growth rate for a healthy capitalist economy) is becoming less and less feasible to sustain without resort to all manner of fictions (such as those that have characterized asset markets and financial affairs over the last two decades).