8: Property and Social Transformation

Author:
Paddy Ireland
Publication Date:
31 Jul 2024
Pages:
222–261
DOI:
https://doi.org/10.51952/9781529235807.ch008
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This chapter opens by examining the importance of history and detailed empirical (‘thick’) research to conceptual and theoretical development. It goes on to argue that all the theories of property currently vying for supremacy can make a contribution to our understanding of property in contemporary capitalism, but that a social relational conception is indispensable to understanding property-as-capital. Disagreeing with those who argue there is no such thing as capitalism, it explores the nature of capitalism, arguing that it is distinguished by a particular, historically specific ‘logic of process’ – a logic which finds expression in all areas of social life; it has moral as well as economic dimensions. In recent decades, the operation of this logic has been extended and intensified and is, it is argued, one of the main sources of the polycrisis. The chapter concludes by looking briefly at the implications of the analysis offered by the book for change, seeking to identify, in a suggestive rather than systematic manner, a trajectory for reform.

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