Immanuel Wallerstein

On the Crisis

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Some questions

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Do we live in a crisis today? If so, what sort of crisis — political? economic? social?

If several simultaneously, how do these crises interrelate?

In other words, what effect does the present global economic downturn have on prospects for politicization? If it results in political radicalization, does it tend toward the Right or toward the Left?

Oppositely, does the absence of a viable leftist alternative today change the character of the social or economic crisis?

What sort of social consequences has the economic crisis generated, in terms of classes? Why the discourse (ideology) of “the disappearing middle class”? At a political level, has this social upheaval led to anything in the way of a renewed “class consciousness”? Is class still even important?

How does the present crisis operate (unfold) in terms of time and space?

How does the present crisis relate to past crises of capital? How is it the same? How is it different?

What is the duration of the present crisis? Is recovery on the horizon? Is there an end in sight? Or are we witnessing, as Marxian economists like Bertell Ollman and Immanuel Wallerstein have contended, the “terminal crisis” of capitalism? If not the end of capitalism as such, does the present crisis at least signal an end to neoliberalism? If so, what is the character of the transition? Does neoliberalism (post-Fordism) revert to a neo-Fordist configuration, or something else? Can the outcome of the this crisis be understood to entail “progress” or “regress”?

How does the crisis in North America since the subprime mortgage crisis of 2008 relate to the sovereign debt crisis in the Eurozone since 2010? Are these crises at all related to the wave of political revolutions of the Arab Spring?

What is the extent of the present crisis? How has it been distributed spatially? Unevenly? What does globalization look like during a time of prolonged crisis? Is the era of US hegemony at a close? If so, to where does the locus of geopolitical power now shift? (China? Russia? India?)

Do different interpretations of the crisis really recommend different political strategies?

What are the political stakes of the perennial Marxist debates about crisis or the trajectory of capitalist development? What are the ramifications of disputes over the immiseration thesis, the falling rate of profit, the validity of the labor theory of value, and overproduction vs. underconsumption as the underlying catalyst of capitalist crisis?

Do different methods and analyses of social/economic crisis imply different modes of political organization and mobilization? If so, what sorts of differences?

If not, what is the significance of this fact? What would it mean to say that two interpreters of the crisis might disagree substantially over its root causes and ultimate effects but offer identical political solutions? What would it take to make these disagreements meaningful at a political level again?

What does it mean to interpret the world without being able to change it?

Why do the most sophisticated leftist understandings of the world appear unable to assist in the task of changing it? Conversely, can the world be thought intelligible without our capacity to self-consciously transform it through practice?

Can society — the capitalist social formation — be understood as an entirely objective phenomenon, without ever producing a subject capable of intervening in its processes? Does capitalism still make sense as a pure “structure” or system devoid of human agency?

Can Marxism survive as an economics or social theory without politics? Does it continue to exist as simply one “lens” or “perspective” amongst others? Should the intractability of the current social, political, and economic crisis not result in a crisis within Marxian economics or social theory as a discipline?

The spatiotemporal dialectic of capitalism

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Introduction

To understand the history of architectural modernism and eclecticism as they emerged out of the late nineteenth and early twentieth centuries, one must take into account the broader development of architecture over the course of the latter half of the nineteenth century. This development, in turn, must be seen as emerging out of the dynamic of late nineteenth-century capitalism, which had by that point extended to encompass the whole of Europe. For it was the unique spatiotemporal dialectic of the capitalist mode of production — along with the massive social and technological forces it unleashed — that formed the basis for the major architectural ideologies that arose during this period. Before the story of the academicians or the avant-garde can be told, then, some background is necessary to explain both their origin and the eventual trajectory they would take into the early twentieth century.

So while my aim is to eventually account for how a single social formation, capitalism, can give birth to these two opposite tendencies within architectural thought, the space required to give an adequate exposition of the spatiotemporal dialectic of capitalism is such that it deserves to function as a standalone essay. Certainly other trends, both cultural and social, could be understood as reflections of this underlying socioeconomic dynamic. It is thus my intention to post this as its own piece, before then proceeding to detail the way in which architectural modernism and eclecticism mirrored these dynamics. Continue reading →