Interview with William Carroll. The Basic Issues of Capitalism in the XIX Century are Still Vital in the XXI Century

William Carroll ()
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William Carroll: Research Committee 02 International Sociological Association.

Journal of Economic Sociology, 2013, vol. 14, issue 5, 12-22

Abstract: William Carroll, Professor of Sociology at University of Victoria, wasinterviewed during the conference “Embeddedness and Beyond: Do Sociological Theories meet Economic Realities?” in Moscow (October 25–28, 2012), where Carroll chaired a section of mini-conference “Capitalist Globalization and Its Alternatives” and at the same time presented his research project entitled “Embedding Postcapitalist Alternatives: The Global Network of Alternative Knowledge Production and Mobilization”. In his interview Carroll disserts upon postcapitalism as a possible way for moving away from class society towards economic democracy, as well as upon opportunities and consequences of that move; moreover, capitalist mode of production, income polarization and current environmental problems are criticized in reference to global world. According to Carroll today’s capitalist society is not democratic in its full meaning, because democracy represents a kind of autocracy that is market mediated, and society is differentiated by its income in proportion 1 : 99%. The second important question of capitalism is ecology issue, implying that capitalist mode of production necessarily requires endless grow, while our resources are limited. At the same time, the problems of capitalism dated by the XIX century are still of immediate interest. From Carol’s perspective globalization process has played a significant role in formation of a transnational capitalist class, based on the higher-density networks of corporate and managerial elites. Despite the existence of other historical examples of such networking, transnational capitalist class represents a brand new formation, far more transnationalized and accumulating greater capital flows and greater political planning possibilities. At the same time, connections and ties within transnational capitalist class are weakened by competition among members as well as lack of trust. However, this inter-capitalist competition justifies capitalism as aquite dynamic mode of production.

Keywords: capitalism; postcapitalism; democracy; transnational capitalist class; globalization; Karl Marx; social movements; corporations. (search for similar items in EconPapers)
JEL-codes: Z1 (search for similar items in EconPapers)
Date: 2013
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