Rethinking Polanyi’s Fictitious Commodities Based on the Brazilian Nuclear Segment

The purpose of this paper is to show evidence of the undetermined expansion of Polanyi’s fictitious commodities within the Brazilian nuclear context. The issue of the marketification of social agendas has drawn a lot of attention to the data, collected through in-depth interviews. The analytical process was guided by the decolonial theory approach and by critical discourse analysis. Among the analysis’ main findings, it is possible to point out the elaboration of a framework which reveals the mechanisms employed by the Brazilian nuclear segment as a way of exercising parallel power and silencing social agendas. The main contributions are the temporal and geopolitical updating of Polanyi’s thesis; and the definition of the mechanisms used by the company Eletronuclear and by institutions as a way of co-optation, naturalisation and marketification of social and political agendas.

Frictitious commodities: Virtuality, virtue and value in the carbon economy of repair

What ‘nature’ is being commodified in carbon markets, and why does it matter? How are carbon commodities and ecologies of repair co-produced through carbon forestry? Are the Polanyian notions of ‘fictitious commodification’ and ‘embeddedness’ appropriate for thinking about carbon forestry and voluntary carbon market (VCM) offsets? This article addresses these questions and extends the critical understanding of conservation in the ‘repair mode’ through an analysis that delves deeply into the black box of value production in the VCM. Focusing on the interplay of ‘virtuality’ and ‘virtue’ in the production of one variety of so-called ‘boutique’ blue forest carbon offset, this analysis demonstrates the technical abstractions needed isolate ‘carbon’ and force it into the commodity form create slippages between concrete socio-natures and geographies of offsetting and the imagined natures and geographies of a market environmentalist model of the world. This politics facilitates a dual pathway of accumulation via the material extraction of nature to feed the expansion of industrial growth (the subject of Polanyi’s critique) and, in parallel, through feeding new growth markets for nature-based commodities such as the VCM. These markets promise to repair the damage caused by industrial growth, but can only ‘work’ in the abstract, virtual realm despite entanglement with underlying concrete ecologies of repair. Based on this analysis, this article argues that the widespread view of carbon offsets as ‘embedded’ Polanyian fictitious commodities is incomplete, based on an ontological fallacy that conflates the ways in which concrete and abstracted, virtual ‘natures’ are used to produce value in the contemporary restoration economy. This fallacy implicitly reifies the central fictions and contradictions of carbon markets and the market environmentalist model more broadly. Considering VCM carbon forestry in terms of ‘scale-making’ and ‘world-making’ projects, the article presents an alternative conceptualisation of VCM carbon offsets as intangible ‘frictitious’ commodities that inhabit a complicated and only provisionally stabilised commodity form.

Nonhuman Animals as Fictitious Commodities: Exploitation and Consequences in Industrial Agriculture

This article examines how nonhuman animals, along with land and labor, represent fictitious commodities as described by Karl Polanyi. Animals in agriculture are examined as an extreme example of animal commodification whose use resembles the exploitation of land and labor. Conceptual frameworks developed from Marxist theory, including the subsumption of nature, the second contradiction of capitalism, and alienation, are applied to illustrate how the negative impacts to animals, the environment, and public health associated with animal agriculture are caused by attempts to overcome the incomplete commodification of animals. This article illustrates how social theory can be extended to apply to animals, especially animals who are deeply embedded in human society. The inclusion of animals in social analyses also serves to strengthen our overall understanding of exploitation and oppression under capitalism.

Past and Future Work at the International Labour Organization

This article analyses past and future work at the International Labour Organization (‘ILO’) with reference to the transformational analysis offered by Karl Polanyi, examining how constitutional statements made through ILO Declarations reflect countermovement to market dominance. These policy shifts at the ILO are also analysed in relation to the three pillars of sustainability (environmental, economic and social), which arguably map onto Polanyi’s three fictitious commodities (with a focus on labour as emblematic of social concerns). It is argued that the emphasis on social justice and sustainability in the 2019 ILO Global Commission Report, including the proposal for a Universal Labour Guarantee, provides significant resistance to the economic orthodoxy regarding the future of work promoted by the World Bank Group and the Organization for Economic Cooperation and Development (‘OECD’). However, this narrative of ILO countermovement also exposes a lack of balanced regulation which requires more inclusive voice on the global stage.

Corporate social responsibility (CSR): an institutionalist Polanyian analysis

Purpose This study aims to focus on the understanding corporate social responsibility (CSR), this “novel” form of corporate engagement, and evaluating its capacity to regulate capitalism. The authors advance the following thesis: CSR constitutes a new variety of regulation of capitalism which, to work efficiently, must be built on collective institutions (through both collective agreements and forms of coercion), instead of strictly contractual forms (based on inter-individual relations and voluntary commitments). Design/methodology/approach To support this thesis, the authors use Karl Polanyi’s theory, in particular his concept of “fictitious commodities”. Like Polanyi, we contend that CSR is a necessary reaction to the new “great transformation” brought about by the financialisation of our economy which is currently in crisis. Polanyi agrees that this kind of regulation can yield results only when based on collective institutions. In the last section of the study, the authors attempt to determine how a “conventionalist analysis” of CSR could help us to precisely describe this phenomenon and how it could be institutionalised by actors (both inside and outside companies). Findings This paper theoretically demonstrates the role of institutions in CSR processes and the need to weigh them theoretically. In this sense, the paper demonstrates the aporia of a strictly contractualist framework, not only for the understanding of the phenomenon, but for its deployment. Research limitations/implications This study proposes a theoretical framework, which is yet to be consolidated by empirical research. Practical implications The paper proposes salient elements of a public policy of responsibility. Social implications The paper proposes a methodological framework to go beyond a bilateral representation of the institutional framework and to produce a collective representation of the negotiation. Originality/value This is an original paper in its theoretical positioning and the implications it suggests for economic policy.

Unpacking the Double Movement

It has been claimed that against the assault by the market, which has made labour and land as fictitious commodities, a Polanyian counter movement is occurring, demanding stability and protection through state regulation of the market forces. Protests against forced land acquisition have been pointed out as evidence to this counter movement. In India, this counter movement against land acquisition succeeded in persuading the ruling United Progressive Alliance to pass the new Right to Fair Compensation and Transparency in Land Acquisition, Resettlement and Rehabilitation Act, which introduced legal safety nets to protect the rural population, including the landless, from the harmful effects of land acquisition. A close investigation of these protests in India, however, complicates the conception of a double movement. Instead of resisting commodification of land, in many instances protestors’ demands were for making land a free commodity in the market and insertion into neoliberal developmental projects. I capture some of these contradictions in this chapter and link them to farmers’ interactions with markets, money, and the state prior to land acquisition. The evidence for this chapter is from field observations and interviews in Uttar Pradesh and Chhattisgarh state in India, secondary literature and news reports.

Decommodification in action: Common property as countermovement

Our purpose is twofold: to contribute to the case for seeing the economy as a rich landscape of practices for producing and distributing livelihood extending beyond the capitalist market and to highlight an important element in the current dynamic of organizational change within that landscape. We focus on a particular set of practices that not only deserve attention as departures from the market model but also exemplify an important interplay in current economic life: the resistance mounted by some elements in economic activity to the hegemony of market capitalism. Our argument sheds light on a form of organizing that is based on a distinctive economic form – common property, and arises in a distinctive setting – the heightened marketization characteristic of neo-liberalism. The factor of commodification binds these two as the force that arouses the organizational reaction. We sketch the neo-liberal environment of current economic life and then outline Polanyi’s notion of ‘fictitious commodities’ in the market economy and the countermovement aimed at protecting and recovering them. We focus on two families of practice that effectively decommodify land and labour – community land trusts and worker cooperatives – and suggest that these represent a widespread interplay of forces in the countermovement. We conclude by outlining a fertile programme of research that flows from our argument.