Value Struggles
Looking at Capitalism through the Wine Glass
- Open Access
Value Struggles
Looking at Capitalism through the Wine Glass
- Open Access
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Description
In this open access book, Stefano Ponte offers a theoretically ambitious, empirically rich interrogation of the value struggles at play in global value chains; using the wine industry as an exemplar, he provides a new and fundamental critique of contemporary capitalism and the inequalities it engenders.
There is no better product than wine to unmask some of the contradictions of contemporary capitalism. Wine is one of the most fragmented and diversified industries, and one that is not yet completely dominated by large corporate interests. It is also where all sorts of antagonisms against the power of capital are taking place.
Value Struggles shows how these tensions and contradictions play out over the valuation of place, nature and people. Through a detailed analysis of South African and Italian wine, it shows that predatory accumulation is about extracting value not only from labour, but also from place, nature and people's identities as owners of tangible and intangible assets. This book explains how power is exercised in contemporary capitalism, by whom, and with what consequences for producers, workers, and nature – both in the Global South and the Global North.
The eBook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by Copenhagen Business School.
Table of Contents
List of Figures
List of Images
List of Acronyms
Preface
PART I VALUE(S) AND VALUATION
Chapter 1: Introduction
Chapter 2: Value Chains and Chains of Values
Chapter 3: The Global, South African and Italian Value Chains for Wine
PART II THREE SITES OF VALUE STRUGGLE
Chapter 4: Place
Chapter 5: Nature
Chapter 6: People (Class, Race and Gender)
Chapter 7: Looking at Capitalism Through the Wine Glass
Appendix Tables
Notes
References
Index
Product details

Published | 16 Oct 2025 |
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Format | Paperback |
Edition | 1st |
Extent | 272 |
ISBN | 9781350378629 |
Imprint | Bloomsbury Academic |
Dimensions | 234 x 156 mm |
Publisher | Bloomsbury Publishing |
About the contributors
Reviews
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Value Struggles is a brilliant account of the ways in which tensions over the valorization of places, nature, and people intersect with power in the wine industry. Illustrated with examples from South Africa and Italy, Stefano Ponte's careful research uncovers the myriad ways in which capitalism's contradictions are reflected in a glass of wine.
Jennifer Clapp, University Professor & Canada Research Chair, University of Waterloo
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Stefano Ponte succeeds in the tour de force of making an elusive and almost ineffable question, the value of wine, the luminous revealer of contemporary capitalism. A lesson in state-of-the-art political economy, Value Struggles is informed by extensive field research. It opens up critical understandings of the exploitation of nature and people (by class, race and gender), and unpacks the complex relationship between humanity and its spatial anchoring. A grand cru.
Laurent Thévenot, Directeur d'études honoraire, School for Advanced Studies in the Social Sciences (EHESS), Paris
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This outstanding monograph offers a well-developed conceptual tool to decipher capitalism's many contradictions and exploitative tendencies. With three decades of proper wine experience, Stefano Ponte takes us through the intricate contours of wine growing, marketing, and consumption across places, environments, and people. After reading this incredible book, your wine will never taste the same – much better and more reflexive of his 'worlds of valuation'!
Henry Yeung, Choh-Ming Li Professor of Geography and Resource Management, The Chinese University of Hong Kong, China
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With deep empirical insight and theoretical rigor, Value Struggles reveals how wine value chains expose the power asymmetries of contemporary capitalism. This book is a powerful examination of the moral and economic tensions at the heart of global capitalism. A must-read for anyone interested in inequality, sustainability, and the politics of taste.
Filippo Barbera, Professor of Economic Sociology, University of Torino and Fellow, Collegio Carlo Alberto
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This fascinating book examines wine from a holistic perspective. It combines analysis of the commercial dynamics of wine global value chains (focusing on South Africa and Italy) and the art of wine making. It investigates power imbalances across a range of stakeholders and explores how value struggles are shaped by place, nature and people. Value Struggles highlights class, race and gender – so often neglected or ignored in the literature – as central dimensions in how contradictory pressures and embedded inequalities play out across fragmented wine value chains. A highly recommended and insightful read.
Stephanie Barrientos, Emeritus Professor, Global Development Institute, University of Manchester
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If you're interested in the global economy of wine – how it is produced by people and nature, how value is unevenly captured among firms, how valuations of 'fine wines' are constructed, and the conflicts over each of these – then Value Struggles is for you. Stefano Ponte brings together years of careful research in Italy and South Africa to trace relations of race, class and gender in the reproduction of enduring inequalities in and through wine value chains, ultimately providing novel insights into how we think about capitalism.
Liam Campling, Professor of International Business and Development, Queen Mary University of London

OPEN ACCESS
Bloomsbury Open Access
Read and download this book free of charge from Bloomsbury Collections.