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Monopsony Capitalism: Power and Production in the Twilight of the Sweatshop Age

Contributor(s): Kumar, Ashok (Author)

ISBN: 9781108731973

Publisher: Cambridge University Press

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Pub Date: December 3, 2020

Dewey: 331.2091724

LCCN: 2020001952

Lexile Code: 0000

Features: Bibliography, Index, Price on Product

Target Age Group: NA to NA

Physical Info: 0.70" H x 8.70" L x 7.70" W ( 0.80 lbs) 290 pages

Series: Development Trajectories in Global Value Chains

Descriptions, Reviews, etc.

Description: This book explores the combination of capital's changing composition and labour's subjective agency to examine whether the waning days of the 'sweatshop' have indeed begun. Focused on the garment and footwear sectors, it introduces a universal logic that governs competition and reshapes the chain. By analysing workers' collective action at various sites of production, it observes how this internal logic plays out for labour who are testing the limits of the social order, stretching it until the seams show. By examining the most valorised parts of underdeveloped sectors, one can see where capital is going and how it is getting there. These findings contribute to ongoing efforts to establish workers' rights in sectors plagued by poverty and powerlessness, building fires and collapses. With this change and a capable labour movement, there's hope yet that workers may close the gap.

Brief description: Ashok Kumar teaches International Political Economy at Birkbeck, University of London. He has authored and edited a number of publications and is on the editorial collective of Historical Materialism. He completed his doctorate from the University of Oxford in 2015.

Review Quotes: 'Unlike many a book on capitalism and labour, Ashok Kumar not only goes global, but also, most significantly, moves into the innards of the most labour-intensive sectors. Thus, beyond the familiar narratives of exploitation, he proposed a theory of monopsony power in global value chains which brings together the inner logics of capital and the collective power of workers in analysing the evolution of the sweatshop.' Saskia Sassen, Columbia University, New York

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