Search results for ""Author David Mcnally""

In most accounts of the origins of money we are offered pleasant tales in which it arises to the mutual benefit of all parties as a result of barter. In this groundbreaking study, David McNally reveals the true story of money's origins and development as one of violence and human bondage. Money's emergence and its transformation are shown to be intimately connected to the buying and selling of slaves and the waging of war. Blood and Money demonstrates the ways that money has "internalized" its violent origins, making clear that it has become a concentrated force of social power and domination. Where Adam Smith observed that monetary wealth represents "command over labor," this paradigm shifting book amends his view to define money as comprising the command over persons and their bodies.

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In most accounts of the origins of money we are offered pleasant tales in which it arises to the mutual benefit of all parties as a result of barter. In this groundbreaking study David McNally reveals the true story of money’s origins and development as one of violence and human bondage. Money’s emergence and its transformation are shown to be intimately connected to the buying and selling of slaves and the waging of war. Blood and Money demonstrates the ways that money has “internalized” its violent origins, making clear that it has become a concentrated force of social power and domination. Where Adam Smith observed that monetary wealth represents “command over labor,” this paradigm shifting book amends his view to define money as comprising the command over persons and their bodies.

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The global financial and industrial turmoil of recent years has once more brought the crisis-prone nature of the capitalist system to the forefront. In the context of economic stagnation and the retreat of working-class organizations, the rich and powerful around the world have redoubled their attack on the poor through neoliberal policies and austerity measures.In The Servant State, McCormack and Workman explore Canada's experience through the "age of austerity" and highlight how this experience has been shaped by the exigencies of capitalist development and the catalyzing role of the Canadian state. The analytical standpoint is not that of the oppressed per se, but rather that of capitalism as a whole. They share the condemnation of the capitalist establishment, are appalled by the greed and avarice of the ruling elite and despair at the obscenities of the age; however, the critical spirit of their study is imbued less with a mood of indignation and more with assumptions and sensitivities about the inner tendencies of capitalism and the obliging role of the state. The struggle against contemporary excess and horror, they argue, must be framed with reference to the immuring tendencies of the capitalist order of things.

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