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Trans-European Life Informs Her Diagnosis
- Albena Azmanova recounts living under Soviet-type regimes and studying Western capitalism to show both systems share destructive logics.
- She explains socialism and capitalism form a false dichotomy and both can waste human life and nature.
Capitalism Is Competitive Profit Pursuit
- Azmanova distinguishes capitalism from markets and locates capitalism's core in the competitive pursuit of profit.
- She argues wealth creation inherently produces inequality and tinkering with distribution risks harming growth driven by private investment.
Precarity Capitalism Replaces Neoliberalism
- She coins 'precarity capitalism' where competitiveness shifts to competitiveness and risk is socially dumped while firms gain protection.
- This creates mass insecurity across classes, not just a precarious underclass.