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SUMMARY:St Catharine's Political Economy Seminar Series - 'The Global Comm
 odity System in the 21st Century' Photis Lysandrou - Photis Lysandrou
DTSTART:20190417T170000Z
DTEND:20190417T183000Z
UID:TALK121564@talks.cam.ac.uk
CONTACT:Philippa Millerchip
DESCRIPTION:*Date:* Wednesday 17 April 2019 \n*Time:* 18:00 -19:30\n*Speak
 er:*  Photis Lysandrou\n*Talk Title:*‘The Global Commodity System in the
  21st Century’\n*Location:* Ramsden Room\, St Catharine's College\n\n*Sp
 eaker*\nPhotis Lysandrou is Research Professor at City University Politica
 l Economy Research Centre (CITYPERC)\, Department of International Politic
 s\, City University of London. His current research interests are in the a
 reas of the global finance\, shadow banking\, corporate governance and the
  political economy of Europe. His recent journal publications include "The
  Colonisation of the Future: An Alternative View of Financialisation and i
 ts Portents"\, Journal of Post Keynesian Economics\, December 2016\, and "
 The Explosive Growth of the US ABCP Market Between 2004 and 2007: A Search
  for Yield Story" (co-author\, Mimoza Shabani)\, Journal of Post Keynesian
  Economics\, March\, 2017. His most recent book is 'Commodity: The Global 
 Commodity System in the 21st Century' published by Routledge.\n\n*Talk Ove
 rview*: \nThe purpose of this contribution is to provide a generalising in
 to the contemporary global economic condition. To this end\, it deploys an
  analytical framework whose basic unit of analysis is the commodity princi
 ple as defined by Karl Marx. During Marx's lifetime that principle was onl
 y dominant in a few regions and even then merely encompassed the labour po
 wer and capital capacities in addition to their material outputs. By the e
 nd of the 20th century the commodity principle had not only been stretched
  to encompass the entire globe and but also deepened to encompass the publ
 ic capacity of government in addition to the private capacities and financ
 ial securities in addition to material goods and services. Thus the contem
 porary global economic condition is viewed from the standpoint of this new
 ly emergent global commodity system. The seminar will first discuss the st
 ructure\, genesis and operation of the global commodity system before conc
 luding with some proposals for controlling the system. The key proposal wi
 ll be a call for the establishment of a global tax authority charged with 
 the dual responsibility of coordinating national tax regimes and of implan
 ting a global wealth tax.\n\nFor other Seminars see: https://www.political
 economy.group.cam.ac.uk\n\nPlease contact the seminar organisers Philip Ar
 estis (pa267@cam.ac.uk) and Michael Kitson m.kitson@jbs.cam.ac.uk) in the 
 event of a query.
LOCATION:The Ramsden Room\, St Catharine's College
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