Table Of ContentSpringer Studies in Alternative Economics
Ali Ari Editor
Capitalism at
a Crossroads
A New Reset?
Springer Studies in Alternative Economics
Thisbookseriesoffersanoutletforcutting-edgeresearchinalternative,heterodox
andpluralisteconomics.Itfeaturesscholarlystudies onvariousschoolsofthought
beyond the neo-classical orthodoxy, including Austrian, Post Keynesian, Sraffian,
Marxian, Georgist, Institutional-evolutionary, as well as feminist, radical, social,
green, and ecological economics. It aims to promote pluralism of economic ideas,
methodologicalapproaches,andtopics.
The series also welcomes works that seek to develop alternative visions of the
economy, economic structures and new approaches that aim to serve society, for
example by embedding the economy within the ecosystem, or to enrich economic
thought by advancing diversity, gender, race, and social equality. All titles in this
seriesarepeer-reviewed.
Ali Ari
Editor
Capitalism at a Crossroads
A New Reset?
Editor
AliAri
DepartmentofPoliticalScienceandPublic
Administration
MarmaraUniversity
Istanbul,Turkey
ISSN2731-5908 ISSN2731-5916 (electronic)
SpringerStudiesinAlternativeEconomics
ISBN978-3-031-23256-5 ISBN978-3-031-23257-2 (eBook)
https://doi.org/10.1007/978-3-031-23257-2
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Contents
Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
AliAri
PartI CurrentProblemsoftheWorldEconomy
EndofEndlessGrowthRegime:AccumulationandTechnology. . . . . . 15
MehmetHanefiTopal
Energy,EconomicGrowth,andEcologicalCollapse. . .. . . . . . . . . . .. . 37
RaifCergibozanandEmreAkusta
AgricultureandFoodProblemsandSolutions:Challengesand
CapacityoftheCapitalistSystemintheTwenty-FirstCentury. . . . . . . 59
MuratÇetinandMuratÖztürk
FinancializationandFinance-DrivenCapitalism. . . . . . . . . . . . . . . . . . 81
BetülMutlugün
IncomeInequality,HouseholdDebt,andFinancialCrises. . . . . . . . . . . 105
AliAriandRaifCergibozan
HealthCrisis,IncomePovertyandPublicPoliciesintheWorld. . . . . . . 125
Jean-ClaudeVérez
TradeWarsandtheChangingBalanceofPower. . . . . . . . . . . . . . . . . . 141
CharalamposEfstathopoulos
OnEconomicSecurityandthePoliticalEconomyofNeocolonialist
Capitalism:TheCaseofFranceandNiger’sUraniumResources. . . . . . 159
MuratYülek,SaimKarabulut,andAliOsmanKarcı
PoliticalCrisesofCapitalism. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181
HakanMehmetcikandDogukanTaskiran
v
vi Contents
PartII QuestforRebuildingtheCapitalism
ArtificialIntelligence,TechnologicalChange,andtheFuture
ofCapitalism. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 197
CanerDemirandSerhatÇakmak
EndlessGrowthRegime:TheRoleofElasticityofSubstitution
andExtraordinaryEconomyPolicies. . . . . . . . . . . . . . . . . . . . . . . . . . . 211
AtaOzkaya
COVID-19:AnAssessmentintheContextofItsEconomic
ImpactsandMarket-StateRelationship. . . . . . . . . . . . . . . . . . . . . . . . . 235
SemanurSoyyiğitandElifeAkiş
GreatReset. . . .. . . .. . . .. . . . .. . . .. . . .. . . .. . . .. . . .. . . . .. . . .. 257
AbdüsselamSaginandÜnalÇaglar
DegrowthStrategytoSustaintheCapitalistSystem. . . . . . . . . . . . . . . . 285
SüleymanEmreÖzcanandCanerDemir
CanGreenDealsSaveCapitalismfromEcologicalCollapse?. . . . . . . . . 305
LaurentBaechler
GreenTechnologyandSmartSolutionsforCapitalistCitiesinthe
Twenty-FirstCentury. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 323
SelinCalik
SolidarityEconomy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 337
OlivierGajac
AuthorsIndex. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 367
Countries/RegionsIndex. . . . . . .. . . . . . . . . .. . . . . . . . .. . . . . . . . . .. 369
Institutions/OrganizationsIndex. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 371
ProgramsIndex. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 373
SubjectIndex.... ..... ...... ...... ...... ..... ...... ...... . 375
Contributors
ElifeAkiş DepartmentofEconomics,IstanbulUniversity,Istanbul,Turkey
EmreAkusta DepartmentofEconomics,KirklareliUniversity,Kirklareli,Turkey
Ali Ari Department of Political Science and Public Administration, Marmara
University,Istanbul,Turkey
LaurentBaechler Centre,Nice,France
ÜnalÇaglar DepartmentofEconomics,KirklareliUniversity,Kirklareli,Turkey
Serhat Çakmak Department of Economics, Manisa Celal Bayar University,
Manisa,Turkey
ElifSelinCalik LondonInstituteofDirectors,London,UK
Raif Cergibozan Department of Economics, Kirklareli University, Kirklareli,
Turkey
MuratÇetin DepartmentofEconomics,IstanbulUniversity,Istanbul,Turkey
CanerDemir DepartmentofEconomics,ManisaCelalBayarUniversity,Manisa,
Turkey
Charalampos Efstathopoulos Department of International Politics, Aberystwyth
University,Aberystwyth,UK
OlivierGajac CentreÉmileDurkheimdeBordeaux,Pessac,France
SaimKarabulut OstimTechnicalUniversity,Ankara,Turkey
AliOsmanKarci OstimTechnicalUniversity,Ankara,Turkey
vii
viii Contributors
Hakan Mehmetcik Department of International Relations, Marmara University,
Istanbul,Turkey
UniversityofNotreDame,KelloggInstituteforInternationalStudies,NotreDame,
IN,USA
BetülMutlugün DepartmentofEconomics,IstanbulUniversity,Istanbul,Turkey
Süleyman Emre Özcan Department of Economics, Manisa Celal Bayar Univer-
sity,Manisa,Turkey
AtaOzkaya DepartmentofEconomics,GalatasarayUniversity,Istanbul,Turkey
MuratÖztürk DepartmentofEconomics,KirklareliUniversity,Kirklareli,Turkey
Abdüsselam Sagin Department of Economics, Kirklareli University, Kirklareli,
Turkey
SemanurSoyyigit DepartmentofPublicFinance,KirklareliUniversity,Kirklareli,
Turkey
Dogukan Taskiran Department of International Relations, Marmara University,
Istanbul,Turkey
Mehmet Hanefi Topal Department of Public Finance, Kirklareli University,
Kirklareli,Turkey
Jean-Claude Vérez University of Artois and International Centre for European
Training,Arras,France
MuratYülek OstimTechnicalUniversity,Ankara,Turkey
List of Figures
Chapter3
Fig.1 EvolutionofIndustrialCivilization.Source:Authors’calculations
basedonBose(2010,p.2).............................................. 38
Fig.2 EnergyConsumption(Exajoules).Source:Authors’calculations
basedondataprovidedbyBP,2021StatisticalReviewofWorld
Energy..................................................................... 40
Fig.3 EnergyConsumptionbySource(2020).Source:Authors’
calculationsbasedondataprovidedbyBP,2021Statistical
ReviewofWorldEnergy................................................ 41
Fig.4 ElementsofSustainableDevelopment.Source:Authors’
calculationsbasedonMunasinghe(2002,p.127)..................... 43
Fig.5 Energy–Society–Economy–SocialDevelopmentRelationship.
Source:Authors’calculationsbasedonOECD/AfDB
(2004,p.44).............................................................. 44
Fig.6 ImpactofthePandemiconEnergyConsumptionandCO Emissions.
2
Source:Authors’calculationsbasedondataprovidedbyBP,2021
StatisticalReviewofWorldEnergy.................................... 45
Fig.7 WorldEnergyConsumptionandEconomicGrowth.Source:
Authors’calculationsbasedondataprovidedbyBP,2021
StatisticalReviewofWorldEnergy.................................... 47
Fig.8 WorldGDPandCO Emissions.Source:Authors’calculations
2
basedondataprovidedbyBP,2021StatisticalReviewofWorld
Energy..................................................................... 51
Fig.9 AnnualRateofChangeinWorldCarbonEmissionsandGDP.
Source:Authors’calculationsbasedondataprovided
byBP,2021StatisticalReviewofWorldEnergy..................... 52
ix
