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2021 | OriginalPaper | Chapter

3. Moral Economy, the State and Social Movements

Authors : Balihar Sanghera, Elmira Satybaldieva

Published in: Rentier Capitalism and Its Discontents

Publisher: Springer International Publishing

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Abstract

This chapter offers a theoretical discussion that underpins the book. It consists of five sections, each of which focuses on a particular set of abstract ideas. The first section explicates the moral economy as both an object and a perspective. A vital distinction is made between earned and unearned income. Several key insights from the Polanyian double movement are elucidated in the second section. The commodification of money, land and labour, its dissatisfaction and harms, and the complex interactions between the state and countermovements are explored. The third section examines the state as a site of contestation of social forces. The nature of neoliberal constitutionalism and its focus on the rule of law are critically discussed in the fourth section. The fifth section explains how neoliberalism and regulatory capture can contribute towards criminogenic environments in economic sectors.

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previous chapter The Rise of the Rentier Class and Widening Social Inequalities

next chapter Financial Institutions: Interest, Power and Moral Justifications

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Title: Moral Economy, the State and Social Movements
Authors: Balihar Sanghera
Elmira Satybaldieva
Publisher: Springer International Publishing
Book: Rentier Capitalism and Its Discontents
Print ISBN: 978-3-030-76302-2

Electronic ISBN: 978-3-030-76303-9

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-3-030-76303-9_3

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