The politics of the social economy: a case study of the Argentinean empresas recuperadas.

This paper offers an ethnographically grounded analysis of the transformative possibilities of the Argentinean empresas recuperadas (ERs), which speaks to current debates on the 'social economy'. The ERs emerged in a context shaped by the crisis of neoliberalism and of the Argentinean political system and a huge upsurge in popular self-organisation. In response to widespread factory closures, thousands of workers occupied abandoned companies, forming cooperatives and often introducing assembly-based decision-making. By 2002, they established a national organisation, which connected workers' struggles to a wider movement for institutional change. However, by 2006, the organisation had fragmented and many ERs had reinstalled traditional control methods. Much of the literature divides between idealistic and deterministic interpretations, which conceive as a technical material process. The paper proposes an alternative, a concept of labour as a process of creating value-subjective needs and values, and surplus value-which links organisations to society. Conceiving the 'politics of value creation' highlights continuities within the financial management and institutional relations of many ERs, but most importantly, it also recognises the different ways in which emerging social identities articulated a new need for control. Through two case studies, the paper explores the social processes through which these actors shaped their cooperatives in very different ways-highlighting innovations in accounting techniques and state-society relations. This reveals why a focus on accounting can enable anthropologists to recognise the general limitations of cooperatives and also their specific cultural diversity. In conclusion, the paper reconciles current discussions on the concept of the social economy by theorising it as the internal socialisation of capitalism and as an institutional expression of new cultural needs. [ABSTRACT FROM AUTHOR]