Changes in the Financial System of Vas County at the Beginning of the 20th Century

The purpose of the study. To showcase the growth of the region’s savings banks network during the period of Hungary’s capitalist development between the turn of the century and the World War I. Applied methods. Primarily data published in the financial almanac ‘Magyar Compass’ and newspaper articles of the time were sourced for the purposes of the study. Of financial indicators, balance sheet total and aggregate cash turnover figures were used. The study presents the accessible data of all the savings banks in operation at the time. Outcomes. By the end of 1912, various types of financial services had already been available in 28 Vas County settlements with 53 savings banks operating in the county. Their number was augmented by five branches and two affiliates. The savings banks furthermore established 17 disbursement points. This network of financial institutions was complemented by the Austro-Hungarian Bank (Osztrák-Magyar Bank, OMB) and two discount houses operating in Szombathely. The market district of Szombathely covered the whole county. While several larger microregional money markets were created, significant amounts were repatriated by Hungarians emigrating to America. Amidst all these changes, two banks’ bankruptcies made it known nationwide that the development of the local financial network was not without its failures.

Critical Social Analysis of Crisis

In this article, we offer a critical social analysis of crisis in light of capitalist development and, above all, in the post-2008 world. We discuss five approaches in the social sciences that deal with the problem of crisis and develop some theore­tical lines for a critical approach to the theme. We argue that precarity can be an important topic for grasping the current crises via critical approaches. The text also presents the six articles that are part of the issue we edited for Praktyka Teoretyczna entitled “Latency of the crisis.”

When Ants Beset the Elephant: Rent Extraction and Resistance on China's E-commerce Platform

E-commerce in China has developed and expanded rapidly in recent years. Conflicts and confrontations have accumulated in parallel. Using Taobao e-marketplace – one pillar platform of the Alibaba group – as its case, this article aims to analyse the developmental logic and profit-seeking strategies of e-commerce capitalism in China and beyond. It also investigates how small online merchants responded to and resisted the particular rent-extractive and exclusive mechanisms designed by the platform. I attempt to identify the emerging responses from below to both the creative and destructive sides of this newest capitalist development in China. I argue that, despite the militancy and innovation involved in these movements, and despite the use of Maoist rhetoric borrowed from the past, the contentious collective actions (online or offline) organized by these small online merchants lack the solidarity, the shared identity and consciousness, and the powerful ideological language observed among the “traditional” working class in industrial capitalism, and hence they are more improvised, transient, and easily defeated.

IR, imperialism, and the Global South: From Libya to Venezuela

This article brings together two cases to contribute to the growing body of literature rethinking the study of international relations (IR) and the Global South: The Libyan Arab al-Jamāhīrīyah and the Bolivarian Republic of Venezuela. Drawing on media representations and secondary literature from IR and international political economy (IPE), it critically examines three main conceptual theses (authoritarian, rentier, and rogue) used to describe the historical socio-political formations of these states up to this date. Mixing oil abundance with authoritarian revolutionary fervour and foreign policy adventurism, Libya and Venezuela have been progressively reduced to the figure of one man, while presenting their current crises as localized processes delinked from the imperialist inter-state system. The article argues that these analyses, if left unquestioned, perpetuate a US-led imperial ordering of the world, while foreclosing and discrediting alternatives to capitalist development emerging from and grounded in a Global South context. In doing so, the article contributes to the growing and controversial debate on the meanings and needs for decolonizing the study of IR.

Rethinking d/Development

A dialectical relationship between ‘big D’ Development (broadly, the formal interventionist, international Development sector) and little ‘d’ development (the immanent structures and processes of capitalism) is a concept widely invoked in Geography and Development Studies. In this paper, we ask how the d/Development dialectic is evolving under current conjunctures of emergent state capitalism(s). We suggest that, going beyond ‘containment’, Development is ever more deeply inhabited by (capitalist) development; with implications for its palliative and restructuring roles, and for praxis, contestation and transformation.

Responsibly Engaged: Ideology and Utopia along the Backpacker Trail

<p>By following the backpacker trail beyond the 'tourist bubble,' travellers invest in the ideals of freedom, engagement, and responsibility. Backpacker discourse foregrounds travellers' freedom to mobility as it constructs the world as 'tourable'; engagement is demonstrated in the search for 'authentic' connections with cultural Others, beyond the reach of globalised capitalism; responsibility is shouldered by yearning to improve the lives of these Others, through capitalist development. While backpackers frequently question the attainability of these ideals, aspiring to them reveals a desire for a world that is open, diverse, and egalitarian. My perspective is framed by Fredric Jameson's reading of the interrelated concepts of ideology and utopia. While backpacker discourse functions ideologically to reify and obscure global inequalities, to entrench free market capitalism, and to limit the imagining of alternatives, it also figures for a utopian world in which such ideology is not necessary. Using this approach, I attempt to undertake critique of backpacker ideology without invalidating its utopian content, while seeking to reveal its limits. Overall, I suggest that late-capitalism subsumes utopian desires for a better way of living by presenting itself as the solution. This leaves backpackers feeling stranded, seeking to escape the ills of capitalism, via capitalism.</p>

Responsibly Engaged: Ideology and Utopia along the Backpacker Trail

<p>By following the backpacker trail beyond the 'tourist bubble,' travellers invest in the ideals of freedom, engagement, and responsibility. Backpacker discourse foregrounds travellers' freedom to mobility as it constructs the world as 'tourable'; engagement is demonstrated in the search for 'authentic' connections with cultural Others, beyond the reach of globalised capitalism; responsibility is shouldered by yearning to improve the lives of these Others, through capitalist development. While backpackers frequently question the attainability of these ideals, aspiring to them reveals a desire for a world that is open, diverse, and egalitarian. My perspective is framed by Fredric Jameson's reading of the interrelated concepts of ideology and utopia. While backpacker discourse functions ideologically to reify and obscure global inequalities, to entrench free market capitalism, and to limit the imagining of alternatives, it also figures for a utopian world in which such ideology is not necessary. Using this approach, I attempt to undertake critique of backpacker ideology without invalidating its utopian content, while seeking to reveal its limits. Overall, I suggest that late-capitalism subsumes utopian desires for a better way of living by presenting itself as the solution. This leaves backpackers feeling stranded, seeking to escape the ills of capitalism, via capitalism.</p>

Resisting “the World of the Powerful”: “Wild” Steam and the Creation of Yellowstone National Park

In this essay, I argue that steam operates as a critical, other-than-human actor in the establishment of Yellowstone National Park and a broader, colonial posture towards the natural world that reflects a sharp division between nature and culture on the settler landscape—reiterating what Marisol de la Cadena and Mario Blaser call “the world of the powerful,” and a “world where only one world fits” (2018, pp 2-3). By appearing in contradictory contexts of powerful engines and pristine nature, steam was bifurcated into natural and cultural registers in order to justify the establishment of the natural park and the colonists’ claim to Yellowstone as “property,” foreclosing alternative relationships to the land such as those of the region’s Indigenous residents. Approaching this research from the perspective of a settler on Indigenous lands, I am invested in engaging new materialist and ecological methodologies in the important work of decolonial critique. Adopting Nathan Stormer’s (2016) “new materialist genealogy” and Nathaniel Rivers’ (2015) treatment of wildness in service of a decolonial agenda, I demonstrate how steam’s inherent repulsion to nature/culture dichotomies contests the very idea of the park itself, Yellowstone’s importance to the settler state’s expansion into the west, and its popular understanding as an exemplar of environmental politics. Further, this essay provides a methodological and theoretical intervention for new materialist and ecological scholarship to support decolonial projects in solidarity with Indigenous resistance. By unraveling dominant discourses that persist in collective identification with Yellowstone, the borders of the park that denote iconicity and exemplarity, unspoiled nature from capitalist development, become brittle, fragile, and so, too, does their dominance in discourses about environmentalism. By disrupting Yellowstone and undermining its dominance, we can demonstrate, unequivocally, that another world—indeed worlds—are possible.