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Conceptualizing the Nexus between Econocentric Capitalism and Logocentric Radicalism

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  • Xing Li

Abstract

The article intends to contribute a framework of understanding the dual rise of econocentric fundamentalism (referring to market capitalism) and logocentric radicalism (referring to counter-hegemonic political forces) as a process of mutual generation and destruction. “Mutual generation and destruction” implies a dialectical process in which the deification of the free market and the global expansion of market capitalism have unavoidably generated destructive contradictions leading to the resurgence of logo-centric counter-hegemonic socio-political forces. It is the analysis of this nexus that leads to a better understanding of the essence of worldwide religious/political radicalisms rather than their appearance. Islamic fundamentalism, for example, and other forms of political radicalism can be seen as a part of counter-hegemonic political movements representing an outlet for action and a force for change. Paradoxically, what we are witnessing today is a confrontation between two types of fundamentalist forces: econocentrism vis-à-vis logocentrism.

Suggested Citation

  • Xing Li, 2015. "Conceptualizing the Nexus between Econocentric Capitalism and Logocentric Radicalism," Economic and Political Studies, Taylor & Francis Journals, vol. 3(1), pages 71-97, January.
    • Handle: RePEc:taf:repsxx:v:3:y:2015:i:1:p:71-97
    DOI: 10.1080/20954816.2015.11673838
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    Cited by:

    1. Jin Xue & Hans Jakob Walnum & Carlo Aall & Petter Næss, 2016. "Two Contrasting Scenarios for a Zero-Emission Future in a High-Consumption Society," Sustainability, MDPI, vol. 9(1), pages 1-25, December.
    2. Yanbin Chen & Pu Chen & Yumei Guo & Sanxi Li & Dongmin Yao, 2019. "Bargaining to Design Contracts under Moral Hazard," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 175(4), pages 714-735.

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