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- ISSN: 1035-3046 (Print), 1838-2673 (Online)
- Editor: Diana Kelly University of Wollongong, Australia
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February Article of the Month
Our February article of the month examines the vagaries of financialisation on a dramatic frontier: the state-facilitated land acquisitions from traditional collectives in Brazil. At first this appears to be a return to a story as old as capitalism – the requirement for capital to expand its realm of domination – and the paper does contribute to a growing literature examining the mechanisms by which land becomes a form of capital. However, the authors make important departures. Most importantly, they insist on understanding the conflicts over land in their two case studies in their specificity. That means lifting the assumptions of traditional critical accounts of value extraction – ie. that we are talking about salaried labour and a state that officiates to make legal illegal dispossessions. In the deforestation of the Amazon, however, in order to avoid detection the labour is exclusively illegal and unregistered - essentially slave-like. We are examining conflicts that are outside of regulatory bounds, and need new language and precepts in order to understand them. Operating outside the bounds of regulation does not mean that the state is uninvolved though, and the authors do a wonderful job of unpicking the necessary complicity of the state. They centre this critique on the state’s failures to uphold the most basic compact it has with its citizens in human and territorial rights. The paper draws on sophisticated economic and social theory in order to make these moves, and combines this with rich empirical data born of fieldwork completed over five years, but founded on relationships between academics, civil society organisations and residents stretching back to 2005. It is the outcome of a huge amount of effort and a remarkable achievement.
2022 Nevile-Plowman Award Ceremony
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- Cambridge University Press is pleased to announce that it will publish Finance and Society from January 2024, in partnership with the Finance and Society Network....
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- The Holy Grail of corporate finance is a theory that explains the capital structure behavior of real-world firms. It’s been 63 years since Modigliani and Miller’s...