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Formalized in the eighteenth century, capitalism, which remains the world's default
'operating system,' has become widespread throughout the world through globalization. This
concept of capitalism is founded on self-interest, becoming profitable and suitable for only those
who practice it. As a result, capitalism has been blamed for financial crises, such as the Great
Recession, social polarization and growing economic imbalances. Other than the financial crises,
social polarization and economic balance, increasing capitalism, currently evolving precarity
capitalism, is held responsible for the ongoing dehumanization of humanity in our society and
globally. However, the evolution of global capitalism has brought about the age of precarity
leveraged to overcome and subvert the logic of capitalism. While there are dangers associated
with the crisis of global capitalism, the purpose of this essay is to highlight new possibilities for
and rights, promotion of equity and social justice, collaboration and solidarity and diversity and
inclusion among marginalized and precarious workers to challenge the existing social and
Robinson and Baker (p. 2) state there are growing disparities and global capitalism's
incapacity to provide the existence of billions of people, throw nations into crises of legitimacy
and force the system into more overtly repressive methods of social control and dominance that
intensify social and political unrest. Additionally, highlighted in their article, the authors explain
that polarization is an effect of global capitalism where capitalists own the means to produce
wealth, inherently accumulating vast amounts of surplus and, without proper outlets or profitable
investment opportunities over a period, expand social polarization fueling crises such as
depressions, recessions, war and social upheavals. However, it is also highlighted that despite the
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growing uncertainty caused by global capitalism and opening up dangers of war and neo-
(Robinson and Baker, 2). To explain this concept, a new approach to contemporary capitalism
argues that emancipatory potential exists within growing capitalism among precarious workers
that can subvert and overcome the logic of capitalism itself (Azmanova). The author Azmanova
waged employment and an increase in the flexible gig economy. In the context of competition,
Azmanova explains that the core logic of capitalism is founded on competition where labour is
engaged in a productivist nature of work and profit-making (Enrico et al. 640–666). This has
created a gap between wage labourers and uberized economy workers. The existence of uberized
creating possibilities for emancipation (Enrico et al., 640–666, Azmanova). The flexible
structures defining precarization of labour rely on the productivist nature of work, which is
According to Robinson and Baker (2), the rise in global inequality is a reflection of a
structural and political crisis of global capitalism centred on over-accumulation and hegemony.
Therefore, capitalism is held responsible for the rising or increase in capital, which cannot be
profitably invested and dominant ideologies and the growing capacity of ruling groups,
capitalists, to maintain control. This emphasizes the need for equity and social justice in global
labour and economic markets. Emancipatory projects through the collaboration of surplus
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humanity and labour address systematic disparities and injustices, especially among waged
labourers and precarious work arrangements. Azmanova suggests some of the equality and social
justice ethics in an economic system include raising taxes among the rich and reforms such as
campaign finance reform and Elizabeth Warren's Accountable Capitalism Act (Enrico et al., 640-
666, Azmanova). This promotes an equitable society with fair and inclusive distribution of
which workers or the nature of work is perceived as a commodity, focusing on human aspects
over economic interests. Emancipatory potential in the global capitalism crisis can be promoted
by ethical consideration in human relationships, including the commitment to human dignity and
rights. Referenced by authors Enrico et al. (640-666), Amznova argues that there is a possibility
emphasizing the imperative to uphold and acknowledge the fundamental dignity of individuals.
Decommodification upholds the inherent view that human beings are not mere commodities or
instruments of profit and should be accorded equal and just treatment. Dehumanization in the
flexible or the new global precariat of ploteranians is evident in the informalized, part-time, non-
fragmentation of labour (Robinson and Baker 5). Consequently, precarious labour in deregulated
markets promotes unregulated compensations and unjust wages through cheap labour.
of global capitalism expanding the ranks of surplus humanity and labour, capital has become
increasingly reliant on other methods of extracting surplus labour, such as social reproduction
and unpaid labour, including prison labour and internships. Marx notes, "the overwork of the
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employed part of the working class swells the ranks of the reserved whilst conversely the greater
pressure that the latter by its competition exerts on the former, forces these to submit to over-
work and to subjugation under the dictates of capital (Marx 425)." In an ethical context, this
appeals to a valuation of labour not by the quantity but also by the quality of work. Therefore, it
is crucial to promote ethical, economic practices, including work-life balance, just wages and
compensation, design and implementation of policies prioritizing workers over profit and safe
working conditions. Emancipatory projects, as suggested by Robinson and Baker (8), should
bring together surplus humanity and their struggles on the periphery and points of social
reproduction, combining those who are formally inserted into the global capital circuits under
inclusion among marginalized and precarious workers, challenging the notion that workers are
reshapes the economic and social order underpinning ethical values such as commitment to
human dignity and rights, promotion of equity and social justice, collaboration and solidarity and
Work Cited
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Azmanova, Albena. Capitalism on edge: How fighting precarity can achieve radical change
Biale, Enrico, et al. "Regaining control over precarity." Contemporary Political Theory 21.4
Marx, Karl. The marx-engels reader. Vol. 4. New York: Norton, 1972.
Robinson, William I., and Yousef K. Baker. "Savage inequalities: capitalist crisis and surplus