Casino Capitalism

A classic in the field of political economy, reissued here with a new, incisive introduction. The global financial crisis that Strange predicted in her work has now taken place, and to a large extent is still happening.

Reprint. Originally published: Oxford: Blackwell, 1986.

Zombie Politics and Culture in the Age of Casino Capitalism capitalizes upon the popularity of zombies, exploring the relevance of the metaphor they provide for examining the political and pedagogical conditions that have produced a growing culture of sadism, cruelty, disposability, and death in America. The zombie metaphor may seem extreme, but it is particularly apt for drawing attention to the ways in which political culture and power in American society now operate on a level of mere survival. This book uses the metaphor not only to suggest the symbolic face of power: beginning and ending with an analysis of authoritarianism, it attempts to mark and chart the visible registers of a kind of zombie politics, including the emergence of right-wing teaching machines, a growing politics of disposability, the emergence of a culture of cruelty, and the ongoing war being waged on young people, especially on youth of color. By drawing attention to zombie politics and authoritarianism, this book aims to break through the poisonous common sense that often masks zombie politicians, anti-public intellectuals, politics, institutions, and social relations, and bring into focus a new language, pedagogy, and politics in which the living dead will be moved decisively to the margins rather than occupying the very center of politics and everyday life.

Bethlehem, Pennsylvania, was once synonymous with steel. But after the factories closed, the city bet its future on a new industry: casino gambling. On the site of the former Bethlehem Steel plant, thousands of flashing slot machines and digital bells replaced the fires in the blast furnaces and the shift change whistles of the industrial workplace. From Steel to Slots tells the story of a city struggling to make sense of the ways in which local jobs, landscapes, and identities are transformed by global capitalism. Postindustrial redevelopment often makes a clean break with a city’s rusted past. In Bethlehem, where the new casino is industrial-themed, the city’s heritage continues to dominate the built environment and infuse everyday experiences. Through the voices of steelworkers, casino dealers, preservationists, immigrants, and executives, Chloe Taft examines the ongoing legacies of corporate presence and urban development in a small city—and their uneven effects. Today, multinational casino corporations increasingly act as urban planners, promising jobs and new tax revenues to ailing communities. Yet in an industry premised on risk and capital liquidity, short-term gains do not necessarily mean long-term commitments to local needs. While residents often have few cards to play in the face of global capital and private development, Taft argues that the shape economic progress takes is not inevitable, nor must it always look forward. Memories of corporations’ accountability to communities persist, and citizens see alternatives for more equitable futures in the layered landscapes all around them.

Poker is a centuries-old American game. Why has it become so popular in the twenty-first century? What does current interest in the game tell us about ourselves and some of our most pressing social issues? In this timely and thought-provoking book, Andrew Manno offers important insights into the intersection of gaming, gender, and capitalism that illuminate how the shift to a casino capitalist economy—combined with a culture of toxic masculinity—impacts workers and how it has led to the rise of populism in the United States that manifested in the 2016 election of Donald Trump.

This book explores the characteristics of casino capitalism in Macau under Chinese sovereignty and administration. It argues that casino capitalism propelled the region’s economic prosperity and social stability in the period starting from the internationalization of the casino industry in 2002 to the end of 2019. However, casino capitalism also exacerbated the income gap between the rich and the poor. To tackle income inequality, the Macau developmental state combined casino capitalism with social welfarism. The region’s developmental state has been characterized by its relatively decisive leadership, its autonomy from the capitalist and working classes, and a comparatively weak civil society. China has encouraged Macau to shift from its overdependence on casino capitalism to economic diversification and integration with the Greater Bay Area. However, given Macau’s long-standing and profound dependence on casino capitalism, the path of economic diversification is destined to be long and difficult. As this book also argues, the Macau model of “one country, two systems” is a unique one which cannot be easily transplanted to Hong Kong, where the overdeveloped politics and assertive civil society are a far cry from Macau’s frozen politics and quiescent society.

"A rich and compelling comparative study of a rapidly growing and little-studied global industry. Sallaz offers an extremely clever and provocative account that is sure to stimulate a lot of debate among scholars."—Ruth Milkman, University of California, Los Angeles and author of L.A. Story: Immigrant Workers and the Future of the U.S. Labor Movement "A tremendous tour de force. It is astonishing in its scope, ranging effortlessly from the minutiae of shop floor life to the heights of comparative national political and economic history, from breezily personal (and often amusing) to a brilliant reconstruction of social theory."—Steven Henry Lopez, Ohio State University and author of Reorganizing the Rust Belt: An Inside Study of the American Labor Movement

After awakening from its long communist slumber, Russia in the 1990s was a place where everything and everyone was for sale, and fortunes could be made and lost overnight. Into this free-market maelstrom stepped rookie Wall Street Journal reporter Matthew Brzezinski, who was immediately pulled into the mad world of Russian capitalism -- where corrupt bankers and fast-talking American carpetbaggers presided over the biggest boom and bust in financial history. Brzezinski's adventures take him from the solid-gold bathroom fixtures of Moscow's elite, to the last stop on the Trans-Siberian railway, where poverty-stricken citizens must buy water by the pail from the local crime lord, and back to civilization, to stumble into a drunken birthday bash for an ultra-nationalist politico. It's an irreverent, lurid, and hilarious account of one man's tumultuous trek through a capitalist market gone haywire -- and a nation whose uncertain future is marked by boundless hope and foreboding despair.

An English translation of Professor Sinn's title, Kasino-Kapitalismus, that provides an account of the origins of the recent financial crisis. The volume examines the causes of the crisis, points out the flaws in the economic rescue packages, and presents a master plan for the reform of financial markets

The Arab Spring continues to spread throughout the Middle East, and it will end up transforming Islamic countries just as much as the two World Wars changed Europe. The Great Recession that began in 2008, along with defects in the global economic system, played a large role in the unrest. During the 2000s, the economic prosperity of the United States and much of the world was based on borrowed moneyand, as it turns out, borrowed time. Hedge funds and economic policies of the United States complicated matters further. In this scholarly book, author Dr. Susmit Kumar examines how financial blunders have led to political upheavals in Islamic countries, as well as exploring the history of Islam and Islamic empires; the modernization of Islam; the state of the world economy, and where its headed; and the present situation in Islamic countries. The immediate future promises bloodshed and grandstanding, but in the end, the majority of Islamic countries will become secular and democratic. As with the two World Wars, a cataclysmic turn of events will ultimately unify the world as Islamic countries deal with the fallout from Casino Capitalism.