{"title":"“资本即力量”:印度2011年后经济放缓的另一解读","authors":"Gouthami Kothakapa, Rahul A. Sirohi","doi":"10.1080/23792949.2022.2043172","DOIUrl":null,"url":null,"abstract":"ABSTRACT A study of the post-2011 economic slowdown in India that challenges liberal and Keynesian interpretations by drawing on Nitzan and Bichler’s argument of 2009 that modern-day capitalist activity is shaped primarily by differential rather than absolute accumulation and the accumulation of power so as to squeeze and lock out competitors, monopolize resources, sabotage production and acquire unused capacity. In an exploration of the deep-rooted entanglements of power, crisis and accumulation, firm-level data from India are examined to show that a growth slowdown, economic crisis and destruction of the livelihoods of millions of people have provided an opportunity for top corporate houses to entrench their power and wealth. Crisis, in other words, has been good for business.","PeriodicalId":31513,"journal":{"name":"Area Development and Policy","volume":null,"pages":null},"PeriodicalIF":1.8000,"publicationDate":"2022-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"‘Capital as power’: an alternative reading of India’s post-2011 economic slowdown\",\"authors\":\"Gouthami Kothakapa, Rahul A. Sirohi\",\"doi\":\"10.1080/23792949.2022.2043172\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"ABSTRACT A study of the post-2011 economic slowdown in India that challenges liberal and Keynesian interpretations by drawing on Nitzan and Bichler’s argument of 2009 that modern-day capitalist activity is shaped primarily by differential rather than absolute accumulation and the accumulation of power so as to squeeze and lock out competitors, monopolize resources, sabotage production and acquire unused capacity. In an exploration of the deep-rooted entanglements of power, crisis and accumulation, firm-level data from India are examined to show that a growth slowdown, economic crisis and destruction of the livelihoods of millions of people have provided an opportunity for top corporate houses to entrench their power and wealth. Crisis, in other words, has been good for business.\",\"PeriodicalId\":31513,\"journal\":{\"name\":\"Area Development and Policy\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.8000,\"publicationDate\":\"2022-04-04\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Area Development and Policy\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1080/23792949.2022.2043172\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"DEVELOPMENT STUDIES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Area Development and Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/23792949.2022.2043172","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
‘Capital as power’: an alternative reading of India’s post-2011 economic slowdown
ABSTRACT A study of the post-2011 economic slowdown in India that challenges liberal and Keynesian interpretations by drawing on Nitzan and Bichler’s argument of 2009 that modern-day capitalist activity is shaped primarily by differential rather than absolute accumulation and the accumulation of power so as to squeeze and lock out competitors, monopolize resources, sabotage production and acquire unused capacity. In an exploration of the deep-rooted entanglements of power, crisis and accumulation, firm-level data from India are examined to show that a growth slowdown, economic crisis and destruction of the livelihoods of millions of people have provided an opportunity for top corporate houses to entrench their power and wealth. Crisis, in other words, has been good for business.