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Neoliberalism and its dependence upon oil

From Raj Patel and Jason W. Moore’s A History of the World in Seven Cheap Things loc 2651-2699: When the United States abandoned the gold standard in August 1971,80 international capital sought refuge from this “Nixon shock” in commodity purchases. At the same time, the Soviet Union—following poor harvests—traded its […]

The liquid powering liquid modernity

From John Urry’s Societies beyond Oil pg 9: Leading social analyst Zygmunt Bauman famously described the twentieth-century development of all this movement as a ‘liquid modernity’. But what he did not examine was how there was in fact a literal liquid –oil –that made this modernity, oiling the wheels of […]