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On the varying ontologies of capitalism: Embeddedness, dispossession, subsumption

Progress in Human Geography, ISSN: 0309-1325, Vol: 37, Issue: 3, Page: 348-365
2013
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Article Description

This article offers a substantive understanding of the variegation of capitalism, in an attempt to move beyond the current impasse in the mainstream varieties-of-capitalism approach. Drawing on existing conceptualizations of capitalism-society relationships, as well as on Agamben's reconceptualization of the Foucaldian notion of 'dispositif', the article identifies the ontological 'dispositifs' of embeddedness, dispossession and subsumption, associating them with 'purely relational', 'sovereignty-based' and 'dualistic' ontologies of capitalism, respectively. The article argues that these dispositifs are instrumental in capitalism's process of subjectification, laying the foundations for a renewed belief in capitalism even under the most adverse conditions. © The Author(s) 2012.

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