1. pascal.vangriethuysen@graduateinstitute.ch Pascal van Griethuysen, PhD. Graduate Institute of International and Development Studies Geneva, Switzerland MIA Geneva – 24.11.2010 Property, capitalisation, and the capitalist rationality

2. pascal.vangriethuysen@graduateinstitute.ch Outline  possession & eco-social rationale  property & capitalist rationality  conclusion

3. pascal.vangriethuysen@graduateinstitute.ch  universal issues  access  use  exploitation  exclusion  specific answers  diverse instit. arrangements Possession

4. pascal.vangriethuysen@graduateinstitute.ch ECO-SOCIAL RATIONALE  ecological conditions  social organisation  means-ends balancing Possession  potential subordination of economic activities to eco-social considerations

5. pascal.vangriethuysen@graduateinstitute.ch Capitalist Economy PROPERTY INSTITUTION  property titles  material & immaterial yields  security & credit relation (money creation)

6. pascal.vangriethuysen@graduateinstitute.ch Monetary capitalisation CREDIT RELATION Creditor Debtor financing (money creation) payback + interest limited time solvability profitability time pressure

7. pascal.vangriethuysen@graduateinstitute.ch SELECTION CRITERIA  solvability (monetary valuation)  profitability (cost-benefit analysis)  time pressure Economic capitalist rationality

8. pascal.vangriethuysen@graduateinstitute.ch SOLVABILITY  monetary valuation (creditor’s standard)  resource commodification  solvability  profitability Property’s contraints I

9. pascal.vangriethuysen@graduateinstitute.ch PROFITABILITY  monetary costs  monetary incomes Property’s contraints II

10. pascal.vangriethuysen@graduateinstitute.ch MINIMISING COSTS Profitability  commercial strategies resources’ substitution salary & lay-off  institutional strategies delocalisation selective deregulation

11. pascal.vangriethuysen@graduateinstitute.ch MAXIMISING INCOME Profitability  commercial strategies solvent agents targeting marketing, advertising  institutional strategies commodification  enclosure exclusive rights, entitlements & patents market creation selective liberalisation

12. pascal.vangriethuysen@graduateinstitute.ch TIME PRESSURE Property’s contraints III  economic growth  technological innovation  mineral resources’s exploitation  biotic resources overexploitation

13. pascal.vangriethuysen@graduateinstitute.ch Property Economy ECONOMIC CAPITALIST RATIONALITY aim: increase in property’ monetary value means: market & institutional strategies  ecological & social considerations subordinated to economic rationality

14. pascal.vangriethuysen@graduateinstitute.ch Property expansion ECO-SOCIAL CONSEQUENCES  resources depletion & surexploitation  ecological degradation  widening inequities (exclusion, power concentration)  eco-social vicious dynamics

15. pascal.vangriethuysen@graduateinstitute.ch CONCLUSION  possession & eco-social rationale  property  capitalisation (credit)  capitalisation’s potentials & constraints  capitalist rationality & eco-social subord.  social inequities & ecological degradation