Conceptualizing the Nexus between Econocentric Capitalism and Logocentric Radicalism

Xing Li

Economic and Political Studies, 2015, vol. 3, issue 1, 71-97

Abstract: The article intends to contribute a framework of understanding the dual rise of econocentric fundamentalism (referring to market capitalism) and logocentric radicalism (referring to counter-hegemonic political forces) as a process of mutual generation and destruction. “Mutual generation and destruction” implies a dialectical process in which the deification of the free market and the global expansion of market capitalism have unavoidably generated destructive contradictions leading to the resurgence of logo-centric counter-hegemonic socio-political forces. It is the analysis of this nexus that leads to a better understanding of the essence of worldwide religious/political radicalisms rather than their appearance. Islamic fundamentalism, for example, and other forms of political radicalism can be seen as a part of counter-hegemonic political movements representing an outlet for action and a force for change. Paradoxically, what we are witnessing today is a confrontation between two types of fundamentalist forces: econocentrism vis-à-vis logocentrism.

Date: 2015
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DOI: 10.1080/20954816.2015.11673838

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