I apologize for posting much these last weeks. I have been quite busy reading journals on Global Value Chains, Deviant Capitalism, Black Market Trade and theories on Global Political Economy. While this has driven me nuts… it has also made me pay attention to the field of Business History.
Business history is not the history of Capitalism and it is also not the history of entrepreneurship. The research in this field is mostly controlled by an European institutionalist approach. And in the latest decades, it has gained more insights from economic and business studies that are highly afflicted by neo-marxist approaches of the 20th Century. So, if you are interested in learning about this particular area of research here is the info for a good article on the topic that may get you also interested, and provide you with further bibliography.
Yesterday, April 22 many people gathered to celebrate “Earth Day” in order to call for a stop of human action and creativity in the process of transforming our planet. Fortunately, against these destructive minds and philosophy many men and women have been working to show why the transformation of the world is something good, positive and beneficial for all of us.
I invite you to watch this wonderful video titled “If I wanted America to fail”
Furthermore, I also invite you to read the essay written by Alex Epstein (Founder and Director of the Center for Industrial Progress) in which he elaborates why human transformation of Earth is the product of our success in being more efficient and productive. Because as Epstein wonderfully elaborates,
“It is only through technology–transforming the world around us for human purposes–that we eventually lessened that load. Technology, by creating a human environment in which our goals are easier to accomplish, buys us time–time to enjoy ourselves as we please, or time to create more technologies that will buy us even more time by improving our environment even more.” Read his essay here
I managed to read this article while having coffee today in a exquisite café in front of the Palace Museum in Weimar. It was very hard to try understanding the author’s ideas while he refuses to accept that the value of a product is the result of an objective theory of valuation done by the consumers and sellers in specific contexts. He gives for granted that labor force is the one deterministic condition behind production and trying to get his point seems quite difficult at points. Nonetheless, this is a great opportunity to understand the mainstream ideas of Karl Marx theories in regard to Globalization and what some of them call “Global Capitalism / New Imperialism”. Here’s the intro and then a link to the article via EbscoHost,
The article discusses the ways in which the growth of the global capitalist labor force has altered the imperialistic nature of global capitalism, as represented by powerful multinational corporations, by negatively affecting wages in both developing and wealthy countries. The authors rely heavily on philosopher Karl Marx’s theories on the industrial reserve army and capital accumulation, which posit that wealth accumulation will invariably lead to increased suffering for the working masses. They go on to explain the exploitative nature of global labor arbitrage, which essentially means a corporation’s benefiting from low wages in developing countries. The process of arbitrage is related to the development of massive global supply chains.