IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v56y2024i7p1916-1935.html

Does capitalism drive towards the commodification of everything?

Author

Listed:
  • Derek Hall

Abstract

The claim that capitalism drives to commodify everything is widely made in late-20th century and early-21st century critical political economy and plays a central role in prominent theoretical frameworks and texts. The argument is, however, rarely articulated in any detail, and proponents do not explain why capitalism would drive to commodify not just very many things but everything . In this paper I carry out the first systematic review and critique of works making the claim. I show that the literature fails to define ‘everything’ and ‘the commodification of everything’ and identify significant weaknesses in the six implicit argumentative strategies these works employ. I also show that positions that might appear to reject the claim do not get traction on it. In the second section I reconstruct the argument by defining terms, positing six commodifying mechanisms that should emerge from capitalism’s core features, and searching for ‘things’ the literature has ignored. The search draws especially on historical research into surprising examples of commodified violence, governance, authority and monopoly. My analysis both greatly expands the literature’s theoretical and empirical scope and argues that capitalism generates de commodifying drives with respect to certain key ‘things’. Capitalism does not drive towards ‘the commodification of everything’ under any non-trivial definition of the latter term.

Suggested Citation

  • Derek Hall, 2024. "Does capitalism drive towards the commodification of everything?," Environment and Planning A, , vol. 56(7), pages 1916-1935, October.
  • Handle: RePEc:sae:envira:v:56:y:2024:i:7:p:1916-1935
    DOI: 10.1177/0308518X241254664
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0308518X241254664
    Download Restriction: no

    File URL: https://libkey.io/10.1177/0308518X241254664?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Goodwin, Geoff, 2018. "Rethinking the double movement: expanding the frontiers of Polanyian analysis in the Global South," LSE Research Online Documents on Economics 87253, London School of Economics and Political Science, LSE Library.
    2. Diana Stuart & Ryan Gunderson & Brian Petersen, 2019. "Climate Change and the Polanyian Counter-movement: Carbon Markets or Degrowth?," New Political Economy, Taylor & Francis Journals, vol. 24(1), pages 89-102, January.
    3. Smessaert, Jacob & Missemer, Antoine & Levrel, Harold, 2020. "The commodification of nature, a review in social sciences," Ecological Economics, Elsevier, vol. 172(C).
    4. Wade, Robert, 1985. "The market for public office: Why the Indian state is not better at development," World Development, Elsevier, vol. 13(4), pages 467-497, April.
    5. North, Douglass C. & Weingast, Barry R., 1989. "Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England," The Journal of Economic History, Cambridge University Press, vol. 49(4), pages 803-832, December.
    6. Smessaert, Jacob & Missemer, Antoine & Levrel, Harold, 2020. "The commodification of nature, a review in social sciences," Ecological Economics, Elsevier, vol. 172(C).
    7. Ben Fine & Alfredo Saad-Filho, 2018. "Marx 200: The Abiding Relevance of the Labour Theory of Value," Review of Political Economy, Taylor & Francis Journals, vol. 30(3), pages 339-354, July.
    8. Iain Osgood & Yilang Feng, 2018. "Intellectual property provisions and support for US trade agreements," The Review of International Organizations, Springer, vol. 13(3), pages 421-455, September.
    9. Oarhe Osumah & Iro Aghedo, 2011. "Who wants to be a millionaire? Nigerian youths and the commodification of kidnapping," Review of African Political Economy, Taylor & Francis Journals, vol. 38(128), pages 277-287, June.
    10. Geoff Goodwin, 2018. "Rethinking the Double Movement: Expanding the Frontiers of Polanyian Analysis in the Global South," Development and Change, International Institute of Social Studies, vol. 49(5), pages 1268-1290, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Derek Hall, 2023. "‘Commodification of everything’ arguments in the social sciences: Variants, specification, evaluation, critique," Environment and Planning A, , vol. 55(3), pages 544-561, May.
    2. Hannah Stokes-Ramos, 2023. "Rethinking Polanyi's double movement through participatory justice: Land use planning in Puerto Rico," Environment and Planning A, , vol. 55(8), pages 1970-1988, November.
    3. Daniel Tjarks, 2026. "Great urban transformations. Exploring ‘offensive countermovements’ in Polanyi’s instituted economy," Environment and Planning C, , vol. 44(1), pages 68-85, February.
    4. Garrett, R.D. & Grabs, J. & Cammelli, F. & Gollnow, F. & Levy, S.A., 2022. "Should payments for environmental services be used to implement zero-deforestation supply chain policies? The case of soy in the Brazilian Cerrado," World Development, Elsevier, vol. 152(C).
    5. Fassina, Caroline & Jarvis, Diane & Tavares, Silvia & Coggan, Anthea, 2022. "Valuation of ecosystem services through offsets: Why are coastal ecosystems more valuable in Australia than in Brazil?," Ecosystem Services, Elsevier, vol. 56(C).
    6. Benjamin Baumgartner & Hans Volmary, 2025. "Exploring decommodification strategies: A Polanyian perspective on a collaborative housing initiative in Vienna," Environment and Planning A, , vol. 57(5), pages 553-569, August.
    7. Christian Berndt & Marion Werner & Víctor Ramiro Fernández, 2020. "Postneoliberalism as institutional recalibration: Reading Polanyi through Argentina’s soy boom," Environment and Planning A, , vol. 52(1), pages 216-236, February.
    8. Quintin Bradley, 2022. "The accountancy of marketisation: Fictional markets in housing land supply," Environment and Planning A, , vol. 54(3), pages 493-507, May.
    9. Geoff Goodwin, 2024. "Uneven decommodification geographies: Exploring variation across the centre and periphery," Environment and Planning A, , vol. 56(3), pages 883-904, May.
    10. Colin Filer & Sango Mahanty & Lesley Potter, 2020. "The FPIC Principle Meets Land Struggles in Cambodia, Indonesia and Papua New Guinea," Land, MDPI, vol. 9(3), pages 1-21, February.
    11. Fehrle, Johannes, 2025. "“Non-extractivist” extractivism:The valorization process of voluntary soil carbon schemes," Ecological Economics, Elsevier, vol. 236(C).
    12. Geoff Goodwin, 2022. "Double Movements and Disembedded Economies: A Response to Richard Sandbrook," Development and Change, International Institute of Social Studies, vol. 53(3), pages 676-702, May.
    13. David Mosse & Sundara Babu Nagappan, 2021. "NGOs as Social Movements: Policy Narratives, Networks and the Performance of Dalit Rights in South India," Development and Change, International Institute of Social Studies, vol. 52(1), pages 134-167, January.
    14. Richard Sandbrook, 2022. "Polanyi's Double Movement and Capitalism Today," Development and Change, International Institute of Social Studies, vol. 53(3), pages 647-675, May.
    15. Philippe Quirion, 2021. "Tradable instruments to fight climate change: A disappointing outcome," Post-Print hal-03495904, HAL.
    16. Ackerschott, Adriana & Kohlhase, Esther & Vollmer, Anita & Hörisch, Jacob & von Wehrden, Henrik, 2023. "Steering of land use in the context of sustainable development: A systematic review of economic instruments," Land Use Policy, Elsevier, vol. 129(C).
    17. Leah S Horowitz, 2023. "The double movement and the triple-helix: Divestment, decommodification, and the Dakota Access Pipeline," Environment and Planning A, , vol. 55(6), pages 1337-1354, September.
    18. Goodwin, Geoff, 2021. "Fictitious commodification and agrarian change: indigenous peoples and land markets in Highland Ecuador," LSE Research Online Documents on Economics 108860, London School of Economics and Political Science, LSE Library.
    19. Hupfel, Simon & Missemer, Antoine, 2023. "Decommodifying wealth: Lauderdale and ecological economics beyond the Lauderdale paradox," Ecological Economics, Elsevier, vol. 207(C).
    20. Luxton, Sarah & Smith, Greg & Williams, Kristen & Ferrier, Simon & Bond, Anthelia & Prober, Suzanne, 2023. "An introduction to financial opportunities, ecological concepts, and risks underpinning aspirations for a nature-positive economy," OSF Preprints cu8rj, Center for Open Science.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:56:y:2024:i:7:p:1916-1935. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.