How To Cure "Cannibal Capitalism" | Nancy Fraser | TMR

Traditional critiques of capitalism are often restricted to an economic lens, but capitalism is much more encompassing in overall society. We are in crisis. An economic, political, and ecological crisis. Capitalism is all-consuming and will eventually eat itself. What can we do to solve this problem? Author Nancy Fraser has some answers.

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Joining us for the first time I believe Nancy Fraser. She is a professor of political and social science at the new school for social research and the author of cannibal capitalism how our system is devouring democracy care and the planet and what we can do about it. Nancy thanks so much for joining us. Thank you for having me. happy to be here. So all right let's start with the argument that you're making that we are facing multiple crises across our society and how that would lead to an expanded conception of capitalism. Exactly I think we're in a very rare moment historically of a severe crisis. the sort of Crisis that historians would call a general crisis. Meaning it's not confined to one sector. It's not only an economic crisis. Or only an ecological crisis. Or only a political crisis. But it's all of that rolled into one. so it's a crisis that is engulfing the whole social order. Now I think that what lies at the bottom of this crisis are some deep irrationalities that are hardwired into our social structure which is a capitalist social structure. But familiar views of capitalism focus one-sidedly on its economic dimension. And they would generally direct our attention to looking at the economic aspect of the crisis. You're talking about a Marxist critique. Exactly. Marxist or Social Democratic. You know left-wing theories derived from Marx and so in softer or harder forms let's say. The problem is those theories have tended to be to an economic focused. They haven't been expanded to take in other crisis Tendencies. Other contradictory and perverse aspects of capitalism. Those which lead it periodically to ecological crises. to social crises. and to political crises. So what my book does is try to develop a different and larger view of what capitalism is that shows how it is primed and hardwired to generate not just periodic economic crises but General crises of the sort we're facing now which also include these other dimensions.