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Theorising Capitalist Transformations through Culture
Another Economy Is Possible: Culture and Economy in a Time of Crisis edited by Manuel Castells, Sarah Banet-Weiser, Sviatlana Hlebik, Giorgos Kallis, Sarah Pink, Kirsten Seale, Lisa J Servon, Lana Swartz, Angelos Varvarousis, Cambridge and Malden: Polity Press, 2017; pp xii +226, £17 (paperback).
An anthology of eight essays, apparently diverse case studies, Another Economy Is Possible is a brilliant volume of interconnected expositions, evocatively introduced and exquisitely summarised by Manuel Castells et al. The book is about how people in Europe, from Spain to Greece, United States, Australia, and several other countries lived the crisis of capitalism in 2008 and beyond, by adopting alternative economic practices like cooperatives, barter networks, ethical banking, community currencies, time-sharing banks, new means of payments, etc. Some of these were resorted to as survival strategies, while others resulted from the search for new forms of economic life least vulnerable to the consequences of global financial markets. These depended on alternative values, like the value of life against the value of money, or the value of cooperation against the value of competition.
Crises
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