As Holloway and Piccioto suggest, it is “a crisis of an historically specific form of class domination, a crisis of accumulation which involves the totality of capitalist social relations and therefore a struggle waged on every front and through every mechanism, economic, political, ideological etc.” In 2008, the crisis of wage relations and of the institutional forms of regulating class struggles deepened. The financial character of the capitalist crisis cannot hide that capitalism spans beyond finance. We are now facing what some scholars call a ‘ crisis of social reproduction’, manifested in a situation in which employment is (and will be) unable to support subsistence across wide sections of the developed and developing world. The hyper-abstraction of capital and the bursting of the bubble reduced the room for recovery from the long-lasting capitalist crisis sparked in the late 1970s, and the neoliberal transformation that followed as an attempted solution. The financial crisis of 2008 was a breakpoint in the way capitalist society reproduces itself through money as a form of wealth.
And, so far, the futures of work on which we depend on to earn that money appear gloomy. In global capitalism, such means are synonymous with money. They share a common struggle to work or to find work in order to produce the means for individual or collective survival under diverse and adverse circumstances. These examples are not the exception but, rather, becoming the norm. This is particularly so if you are a child forced to work for the São Paolo mafia an asylum seeker travelling on a hazardous boat to Australia a 13 year old sex worker in Malaysia or a father of five working for a transnational company in which trade unions are forbidden. Obvious as it sounds, this simple fact is becoming progressively problematic.
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