"The first and probably most fundamental aspect of this crisis is that we are now close to the commodification of everything. That is, historical capitalism is in crisis precisely because, in pursuing the endless accumulation of capital, it is beginning to approximate that state of being Adam Smith asserted was 'natural' to man but which has never historically existed. The 'propensity [of humanity] to truck, barter, and exchange one thing for another' has entered into domains and zones previously untouched, and the pressure to expand commodification is relatively unchecked."
Immanuel Wallerstein
Sociologist
Immanuel Wallerstein was a sociologist known for his world-systems theory, which critiques capitalism and explores global power dynamics.
- Born
- September 23, 1930
- Quotes
- 58
- Rank
- #4164
Quote collection
Immanuel Wallerstein quotes (page 2 of 3)
58 quotes — follow a thought to its full quote page.
"The primary ideology that operated to create, socialize, and reproduce them was not the ideology of racism. It was that of universalism."
"Capitalism is first and foremost a historical social system."
"But even in the absence of direct interference by those who had the power to interfere, the process was usually aborted by the non-availability of one of more elements of the process - the accumulated stock in a money form, the labor-power to be utilized by the producer, the network of distributors, the consumers who were purchasers. One or more elements were missing because, in previous historical social systems, one or more of these elements was not commodified or was insufficiently commodified."
"To those critics who see capitalism as a system of inegalitarian, oppressive structures, its defenders have vaunted its ability to recognize and encourage what they call individual merit and asserted not only the desirability but also the inevitability of differential reward, of earned privilege, so to speak."
"It seems to me the only pertinent question is: cui bono? It is clear that the size of the privileged strata as a percentage of the whole has grown significantly under historical capitalism. And for these people, the world they know is better on the whole than any their earlier counterparts knew."
"We seem to be in the midst of a process of cascading bifurcations that may last some 50 more years. We can be sure some new historical order will emerge. We cannot be sure what that order will be. Concretely, we may symbolize the first bifurcation as the effect of the world revolution of 1968 which continued up to and including the so-called collapse of the communisms in 1989, the social bifurcation."
"People resist exploitation. They resist as actively as they can, as passively as they must."
"What is surprising is that their ideological opponents, the Marxists - the anti-liberals, the representatives of the oppressed working classes - believed in progress with at least as much passion as the liberals."
"It is not surprising that liberals believed in progress. The idea of progress justified the entire transition from feudalism to capitalism. It legitimated the breaking of the remaining opposition to the commodification of everything, and it tended to wipe away all the negatives of capitalism on the grounds that the benefits outweighed, by far, the harm."
"The way in which these two practices contain each other is that it has always been possible to use the one against the other: to use racism-sexism to prevent universalism from moving too far in the direction of egalitarianism; to use universalism to prevent racism-sexism from moving too far in the direction of a caste system that would inhibit the work force mobility so necessary for the capitalist accumulation process."
"One by one, these governments came undone, and were forced into IMF tutelage (and national illegitimacy) by the careening oil prices, the debt imbroglio, and falling terms of trade. The last of these governments to fall were the Communist regimes of eastern Europe, which have now gone the way of other Third World countries. The second in the cascade of bifurcations is thus symbolized by 1989."
"The real threat to U.S. military power is nuclear proliferation, because if every little country has nuclear weapons it becomes very tricky for the United States to engage in military action."
"That is why we may say that the historical development of capitalism has involved the thrust towards the commodification of everything."
"It was the French Revolution that served as the catalyst of this renovation. Its impact was to make the concept of popular sovereignty the new moral justification for the political system of historical capitalism."
"What distinguishes the historical social system we are calling historical capitalism is that in this historical system capital came to be used (invested) in a very special way. It came to be used with the primary objective or intent of self-expansion. In this system, past accumulations were 'capital' only to the extend they were used to accumulate more of the same."
"The employment rates are in very bad shape. We vastly underestimate the unemployment"
"Production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin."
"It is this third consequence that has been elaborated in greatest detail and has formed one of the most significant pillars of historical capitalism, institutional racism."
"I am suggesting that there is, and always has been, a rather high correlation between ethnicity and occupation/economic role throughout the various time-space zones of historical capitalism."