Crude Capitalism

Oil, Corporate Power, and the Making of the World Market

Adam Hanieh author

Format:Hardback

Publisher:Verso Books

Published:17th Sep '24

Should be back in stock very soon

Crude Capitalism cover

This book intricately explores how oil shapes global capitalism, revealing its foundational role in various aspects of modern life and the climate crisis.

In Crude Capitalism, the intricate relationship between oil and global capitalism is explored, revealing how deeply intertwined these elements have become since the late 1800s. The book moves beyond the typical narratives that either glorify or vilify oil, instead presenting a nuanced understanding of its role in shaping modern economies and societies. It highlights how oil has not only fueled economic growth but has also influenced geopolitical dynamics, from the rise of American hegemony to the complexities of anti-colonial movements.

Crude Capitalism delves into the diverse geographies that oil impacts, including the emergence of OPEC, the significance of post-Soviet Russia, and the vital contributions of African oil reserves. The author meticulously analyzes corporate structures, ownership dynamics, and the evolution of petrochemical industries, shedding light on how these factors contribute to broader economic systems. This detailed examination reveals that oil is not merely an energy source but a critical component of contemporary life that affects various sectors and social structures.

Furthermore, the book addresses the pressing challenges posed by climate change, emphasizing that any effective critique of the fossil fuel industry must acknowledge oil's foundational role in capitalism. By connecting the dots between oil dependency and climate justice, Crude Capitalism offers valuable insights into the ongoing debates surrounding energy consumption and environmental sustainability.

The world's leading scholar of oil gives us a majestic account of how it became our daily bread. Read and run for your life. -- Andreas Malm
"The trail of the serpent reaches into all the practices of man," said Ralph Waldo Emerson, of chattel slavery, and "requires a certain shutting of the eyes." So too today does oil. It's everywhere and that's why everything feels greasy. Adam Hanieh's excellent Crude Capitalism forces us to unshut our eyes, to see the way fossil fuels penetrate all aspects of modern society, both concrete and abstract. An important book. -- Greg Grandin, author of The End of the Myth
Adam Hanieh is essential reading for anyone hoping to understand the role of oil in the global economy. In Crude Capitalism, he has provided a field guide for navigating the difficult terrain in which we now find ourselves: situated between an accelerating climate crisis and an economy structured around fossil fuels. His insightful dissection of the often invisible ubiquity of fossil fuels in our lives - reaching far beyond energy into the food we eat, the clothes we wear and the medicines we prescribe - is integral to understanding not only why we remain so stuck in our fossil-addicted present, but critically how we might move beyond it. -- Adrienne Buller, author of The Value of a Whale
Wait no longer. At last, we have a critical history of petro-power that brilliantly links commodities, capital, and climate change. Crude Capitalism is a truly stunning book, tracking the history of oil through war, imperial rivalry, global finance, and world ecology. The result is an utterly compelling work, one we urgently need both to understand the world-and to change it. -- David McNally, author of Blood and Money: War, Slavery, Finance, and Empire
Adam Hanieh's analysis of Crude Capitalism, written in the tradition of Andreas Malm's now classic work Fossil Capital, provides a powerful historical account of how the world oil economy is inextricably connected both to contemporary capitalism and to the current climate crisis. Following the penetration of fossil fuels into every part of the modern capitalist mechanism, Hanieh demonstrates definitively that there are no partial solutions to the planetary emergency, only ecosocialist ones. -- John Bellamy Foster, author of The Dialectics of Ecology
A rewarding reconsideration of oil's ascendance on the world stage. * Publishers Weekly *
An essential contribution to debates around oil dependency and the struggle for climate justice. * Green Left *
Excellent ... an invaluable read in the growing area of radical oil studies * Ephemera Journal *
Crude Capitalism tackles its big, difficult themes with precision and attention to detail. It is beautifully presented and organised. * Ecologist *
Fascinating ... a masterful historical examination of oil's foundational importance to the restructuring of international financial and monetary systems at a time of acute crisis at the commanding heights of the globalizing capitalist market economy. -- Alec Fiorini, Centre on Labour, Sustainability and Global Production
A fascinating and enormously useful examination of the role oil has played in the development of global capitalism ... [Crude Capitalism] should be widely read, seriously studied and taken into the struggle for climate justice. -- Counterfire * John Clarke *
An excellent book for understanding the fundamental causal connections between our economic system and the destruction of our environment wrought by the rise of oil. * Labour Hub *
Importantly, Hanieh's book isn't limited to studying oil as a liquid fuel, but "what oil becomes as it circulates within capitalism" as a transport fuel, energy source and as petrochemicals, as well as its connections to food, financial systems and its centrality to the US dollar as the dominant global currency. -- Susan Price * Green Left *
A must read ... Crude Capitalism is withering in its critique of the oil industry's corporate greenwashing. -- Pete Cannell * rs21 *
Crude Capitalism provides an indispensable context for analyzing the world capitalist system and oil's peculiar role in producing and maintaining its geopolitical structure-thus challenging many of the truisms and shorthand assumptions of the global left. -- Kai Bosworth * Spectre Journal *
A compelling explanation of how this world of too much oil came to be ... Hanieh's book ... offer[s] valuable methodological provocations and tools to progressive lawyers. -- Ntina Tzouvala * International Journal of Law in Context *

ISBN: 9781839763427

Dimensions: unknown

Weight: 400g

336 pages