Capitalism is a singular economic-institutional ensemble that can be reinvented

Evidence

Ifwe accept that we are not dealing with an essential Capitalism deriving from the logic of Capital, but rather with a singular capitalism formed by an ecol1omic-institutional ensemble, then we must be able to act on this ensemble and intervene in such a way as to invent a different capitalis.m. We do-nothave to carry on with capitalism so much as invent a new one. — Michel Foucault, The Birth of Biopolitics, 904

Categorization

• XREF: Contrasts with essentialist readings of capitalism as the logic of Capital; dovetails with Foucault’s anti-essentialist genealogy. — connects to: Capitalism operates as opportunistic parasitism, not optimal allocation — Yves Citton, The Ecology of Attention, 180; The economy is a human creation and therefore can be transformed. — Clara E. Mattei, Escape from Capitalism, 41; National economies differ because institution matrices enable different firm types to thrive — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 124 (+9 more)
• DEEPTHINKING: The ordoliberal premise that capitalism is not a logic but a constructible ensemble radically reframes what political economy can do.

Broader Connections

• Regulatory-system innovation is needed to sustain capitalism’s profit logic #corroborates (0.75) — David Harvey, The Condition of Postmodernity, 1139