Disciplinary effects of capital accumulation
Exploring the steering and fiscal capacity of the state in Italy and Spain
Bibliographic Data
| ID | 4819976 |
|---|---|
| Authors | Daniela Caterina (0000-0002-9170-4550, Huazhong University of Science and Technology), Nikolai Huke (0000-0002-9865-4365, University of Tübingen, corresponding author) |
| Year | 2021 |
| Volume | 45 |
| Issue | 2 |
| Pages | 261-281 |
| Publication date | 2021-06-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Capital & Class (JOURNAL) |
| Journal identifiers | ISSN: 0309-8168 • E-ISSN: 2041-0980 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0309816820932292 |
| OpenAlex | W3037246566 |
| Language | EN |
| Citations received | 5 |
| References cited | 31 |
Calls against austerity have entered the political agenda of very different actors in the political spectrum - from social democratic to right-wing populist parties. In this article, we argue that the main failures in realizing these claims and thus overcoming austerity can hardly be explained only in terms of (lacking) political will. We rather approach this problem complex in the two emblematic cases of Italy and Spain by foregrounding the disciplinary effects of capital accumulation in both the countries through a long-term historical reconstruction of the fiscal and steering capacity of their respective state institutions. Despite key specificities in the respective fragile accumulation regimes, the main findings point to the fact that the structure of accumulation has imposed strong constraints in both Italy and Spain. An unstable and crisis-prone capital accumulation characterized by low productivity, a lack of sectoral diversity, regional fragmentation, as well as high levels of exposure and dependency within variegated capitalism have restricted state capacity - a tendency only ruptured in temporary boom-cycles. This, we argue, entails some major implications, first, to address the present failures of social democratic forces and second, to gauge the concrete transformative potential at the politico-economic level of populist calls for 'breaking the chains' of austerity
Austerity · Capital accumulation · Capitalism · Democracy · Development economics · Economic system · Economics · Human capital · Market economy · Political economy · Political science · Politics · Populism · Employment and Welfare Studies · Housing, Finance, and Neoliberalism · Law · Social Policy and Reform Studies
Beyond Defeat and Austerity
Integrating Southern Europe
Integration in Crisis
Beyond the Regulation Approach
The Contradictions of ‘Embedded Neoliberalism’ and Europe’s Multi-level Legitimacy Crisis
Selections from the Prison Notebooks
The Political Economy of Contemporary Spain
Variegated Capitalism, das Modell Deutschland, and the Eurozone Crisis
Reconfiguring the state
Insurgents against Brussels
Italy's Sovereign Debt Crisis
The Sources of Long-Run Growth in Spain, 1850-2000
Fiscal Dominance and Money Growth in Italy
Divergence and Peripheral Fordism in the European Union
The Discursive Construction of Europe in Italy in the Age of Permanent Austerity
Political Economy, Legitimation and the State in Southern Europe
The Response to the Global Financial Turmoil in Italy
State Transformations and Neoliberalization in Italy
Social regulation after Fordism
Italy
| Citations per year | 1 |
|---|---|
| Citation span | 2021 - 2026 (6) |
| Highly cited | No |