49. Monopsony Capitalism: An Interview with Ashok Kumar

This week, Grace speaks to author and academic Ashok Kumar about how monopsony capitalism reshapes global value chains – and about how those changes affect worker power.

A World to Win

‘It’s hard to find examples of state regulation in manufacturing that have been done effectively, and not just to control labour militancy or ensure the durability of the system.’

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This week, Grace speaks with Ashok Kumar, senior lecturer of political economy at Birkbeck and author of Monopsony Capitalism: Power and Production in the Twilight of the Sweatshop Age.

They discuss how global value chains have been reshaped under monopsony capitalism, how these changes have affected the power of workers all over the world, and how the Covid-19 pandemic will impact these trends.

You can support our work on the show by becoming a Patron. Thanks to our producer Conor Gillies and the Lipman-Miliband Trust for making this episode possible.

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