This theoretical paper synthesises research on the foundational economy and its contribution to a social–ecological transformation. While foundational thinking offers rich concepts and policies to transition towards such transformation, it fails to grasp the systematic non-sustainability of capitalism. This weakness can be overcome by enriching contemporary foundational thinking with feminist and ecological economics. Whereas the feminist critique problematises foundational thinking’s focus on paid labour, the ecological critique targets Sen’s capability approach as a key inspiration of foundational thinking, arguing that a theory of human needs is better suited to conceptualise wellbeing within planetary boundaries. Based on this, we outline a novel schema of economic zones and discuss their differentiated contributions to the satisfaction of human needs. By privileging need satisfaction, such broadened foundational thinking demotes the tradable sector and rentier economy, thereby revaluating unpaid work as well as respecting ecological imperatives. This empowers new articulations of social and ecological struggles to improve living conditions in the short run, while having the potential in the long run to undermine capitalism from within.
Based on a Polanyi-inspired research program, we analyze urban transformations as interrelations between infrastructural configurations, i.e. contextdependent material infrastructures and their multi-scalar political-economic regulations, and socio-cultural modes of living. Describing different modes of infrastructure provisioning in Vienna between 1890 and today, we illustrate how political-economic processes of commodification and decommodification have co-evolved with socio-culturally specific modes of living, grounded in different classes and milieus. We show how, today, two modes of living-"traditional," established during postwar welfare capitalism, and "liberal," formed during neoliberal capitalism-co-exist. In the current conjuncture of rising inequality, neoliberal urban regeneration, and accelerating climate crisis, these modes of living are not only increasingly polarized and antagonistic, but also increasingly unable to satisfy needs and self-defined aspirations. Therefore, we explore the potential of social-ecological infrastructural configurations as an alliancebuilding project for a systemic social-ecological transformation, potentially linking different classes, social segments and forces around a common eco-social endeavor.
Seventy-five years ago, in April 1944, Karl Polanyi's The Great Transformation-On the origins of our times (TGT) was published in the United States and England. Since then it has been translated into 15 languages (cf. Polanyi Levitt in this volume). Written in America during the war and under the impact of the Great Depression, TGT sought to come to terms with the collapse of the liberal civilization in a similarly embracing manner as Horkheimer's and Adorno's Dialectics of enlightenment, published as a preliminary version also in 1944 in the USA. TGT captures the specific historical constellation of the "revolutionary thirties" in which free trade, the gold standard, and liberal democracy reached an impasse, resulting in competing attempts to reorder society-attempts that ranged from socialism to fascism and from Stalin's "socialism in one country" to Roosevelt's New Deal. At that time, the repercussions of Polanyi's work remained fairly restricted, John Dewey's euphoric feedback being a notable exception (cf. Gräser in this volume).
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