The de-globalisation of capital? The political economy of community wealth building

IF 3.8 2区经济学 Q1 ECONOMICS

New Political Economy Pub Date : 2023-01-05 DOI:10.1080/13563467.2022.2159353

Jamie Dennis, L. Stanley

引用次数: 1

Abstract

ABSTRACT Community wealth building (CWB) is a strategy for local economic development that aims to (re-)circulate wealth within the places that produce it – a kind of de-globalisation of capital. CWB has come to prominence in the UK due to its implementation in Preston and endorsements from the Corbyn-led Labour Party. However, CWB has come under criticism for promoting protectionism. As a way into the political economy of CWB, this article analyses this criticism. We do so by bringing the policy debate in the UK into dialogue with political economy literature on protectionism and nationalism. We show that protectionism is as much a political weapon or slur used to discredit interventionist development strategies as it is an analytical concept at home in technical economic discourse. On this basis, we argue that CWB is not protectionist neither in its policy proposal nor in its wider worldview. However, CWB does limit itself to the local without a clear redistributive mechanism between municipalities and so risks siloing local areas from one another.

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资本的去全球化?社区财富建设的政治经济学

摘要社区财富建设（CWB）是一种地方经济发展战略，旨在使财富在产生财富的地方（再）流通，这是一种资本的去全球化。由于CWB在普雷斯顿的实施以及科尔宾领导的工党的支持，CWB在英国崭露头角。然而，CWB因宣扬保护主义而受到批评。作为对CWB政治经济学的一种探索，本文对这种批评进行了分析。我们通过将英国的政策辩论与关于保护主义和民族主义的政治经济学文献进行对话来做到这一点。我们表明，保护主义既是一种政治武器或诋毁干预主义发展战略的手段，也是国内技术经济话语中的一个分析概念。在此基础上，我们认为《禁止化学武器公约》在其政策建议和更广泛的世界观中都不是保护主义者。然而，CWB确实将自己局限于地方，而市政当局之间没有明确的再分配机制，因此有可能将地方相互孤立。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

New Political Economy Multiple-

CiteScore

10.10

自引率

9.50%

发文量

期刊介绍： New Political Economy aims to create a forum for work which combines the breadth of vision which characterised the classical political economy of the nineteenth century with the analytical advances of twentieth century social science. It seeks to represent the terrain of political economy scholarship across different disciplines, emphasising original and innovative work which explores new approaches and methodologies, and addresses core debates and issues of historical and contemporary relevance.