P. 13 -Capitalism = economic system in which goods and services are produced for sale (with the intention of making a profit) in a large number of separate firms using privately owned capital goods and wage-labour p. 14 -$ def. as unit of acc, st. of val, med. of exchange and means of payment (i.e. taxes, tithes, fines...);$ system not just econ: dep. on other instit.; knowlege and labor artificially comm.; lbr as comm. ->reinvestment cap. (p. 15); exch.-val <-sale for profit ->exploitation; comm->cl. struggle; p. 17: law of value(via profits); p. 18 cap. needs regulating because 1. cap. requ. extra-econ. 2. inherent contradictions 3. governance conflicts; P. 19 1.no self-closure 2. profit/exploit. (mkts can't produce value, just mediate srch for it); P. 20 Nice Table; P. 21 varied modes of reg/gov. despite tendency to expand into single world mkt, there are limits (cites Altvater, Mahnkopf & Polanyi); P.25 USA as ex. of MIC path-dependent struct. coupling->co-evolution of econ/pol. regime; P. 29 cap. can coerce state & 3. impose profit-sking mentality on non-commercial. orgs; P.30 Econ heg==accum. strat. =basis for inst. compromise; Table 1.2, p. 33=Bases of resis. to cap. societalization: mkt, logic, ecol. dom, heg. accum. strat.; P. 35 Table w/new concepts: Marxist vs. strat-relat. alt; P. 37 women pick up the slack for the state; cap. type of state: table p. 38-39; P. 42 a pure cap. state would fail; P.45 8 functions of cap. type of state; P. 52 governance=="any form of coordination of interdependent social relations"; metagovernance to coordinate var. gov. mech. &rel. import.; Ch. 3 The Schumpeterian Competition State -all about globalisation and US dom. via monopolies, knowledge-economy, global mil. dom.; P. 121 Box 3.1 Forms of competitiveness: 1.Ricardian -price 2. Listian -protection/state support 3. Schumpeterian -innovation 4. Keynesian -w/closed econ. full empl->efficiency; P. 122 cites Schumpeter -how inn. can occur: 1.new good/new qual. 2.new prod. meth 3.new mkt 4.new src raw mat. 5.new org. of an industry (start or end of a monopoly); competition, wage, welfare, workfare, post-Fordist wage relation, US TNC's & dom.; P. 130 (trade rel. asp. of inte.. prop. rights)TRIPS key in WTO; ressee ch. 6 on gov.; P. 275 resolves Offe's paradox: cap. can't live w/or w/out WS-a new type of welfare State o see eventually, not going into political views...]
The overall argument of this book is that 1) the ideal-typical form of the postwar state, the "Keynesian Welfare National State", emerged to manage the contradictions inherent to capitalism, and that 2) as it can no longer serve this purpose, the "Schumpetarian Workfare Postnational Regime" is emerging to take its place. Not an extremely easy read as it is abstract and theoretically dense, but Jessop seems to love enumerated lists which helps a little bit. I'll have to reread and think through the applications of his framework, but it seems like a profound analysis not merely of the role of the state, but of capitalism itself. I'm particularly intrigued by his application of the concept of "ecological dominance" to the "co-evolution" of social institutions, though I'm not totally sure I follow everything he is saying about how this takes place.