EconoFiction

Accelerating Capital: Completed Nihilism and The Indebted Man

25 Apr , 2017  

In his book Data Trash (1993), Arthur Kroker writes that in the field of digital acceleration, more information means less meaning, because meaning slows info circulation. In the sphere of the digital economy, the faster information circulates, the faster value is accumulated. But meaning slows down this process, as meaning ...

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EconoFiction

Economy of the War Machine Part IV. Chapter One (part a)

14 Apr , 2017  

Yeah, so I don’t want to want to tell you what to do, but given where we’re going to be going, it might be good to briefly check in with the updated versions of this or this -but if not those, then at least look at this (if you want ...

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EconoFiction

After Capitalism, the Derivative / For Randy Martin

10 Apr , 2017  

“After me, the deluge,” declared King Louis XV, at what was almost but not quite the high water mark of Absolutism. These days one might say, after capitalism, the derivative. The late work of Randy Martin takes up the startling premise that the commodity form has mutated into something ...

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EconoFiction, Lexicon

Deleuze, Guattari and Market Anarchism

9 Apr , 2017  

I. Deleuze, Guattari, Accelerationism

There’s been a lot of talk about Deleuze and Guattari around both academic and activist scenes for quite some time. Sometimes they are objects of unfounded derision (decried as “holy fools” by traditionalist socialists like Richard Barbrook), and other times they are the beneficiaries of overtly ...

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EconoFiction, Lexicon

Kürzeste Notiz zum Derivate-Kommunismus

9 Apr , 2017  

So verlaufen die zwei sich exklusiv ausschließenden Linien: Affirmation-Ignoranz-Wert-finanzielles Superkapital versus Negation-Intoleranz-Minus-Wert-Derivate-Kommunismus. Mathematisch wird der Derivate-Kommunismus folgendermaßen angeschrieben: Eine komplexe Zahl besitzt zwei Teile: einen realen Teil und einen imaginären Teil, so zum Beispiel 2 + 3i. Wen man in der Geometrie eine reale Linie zieht und eine imaginäre Linie ...

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EconoFiction, Mashines

Accelerated Fantasies (Lapo Berti)

5 Apr , 2017  

Lapo Berti: … I have already said how I was struck by the lack of analysis of the Accelerationist hypothesis. I also want to stress that this is the least Marxian, if not the most anti-Marxian, conduct. According to Marx the crucial effort was constituted by the critique of the ...

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EconoFiction

THE EXIT CONNECTION: EUROPE’S NEW POLANYIAN MOMENT

4 Apr , 2017  

Dimitris P. Sotiropoulos and John Milios … Globalization is something much more than a mutual institutional contract between sovereign nation-states that can be unilaterally challenged. Globalization is the irreversible new form of capitalism. The reproduction of social power relations is intertwined with the workings and the historical norms of globalization ...

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EconoFiction, Gosse

Kurze Notiz zum Derivatekommunismus

3 Apr , 2017  

Das ist wirklich sehr lustig, wenn nicht zum totlachen: Bundesbank-Vorstand: „Wir sind am Ende der Umsonstkultur.“ Dabei betreiben die Geschäftsbanken schon lange eine Art Umsonst-Ökonomie, sie schöpfen Giralgeld qua Tastendruck quasi umsonst (für sich), was man neuerdings auch Keystroke-Kapitalismus nennt. Bundesbank: Ihr glaubt an ein Ende der Umsonstkultur, aber dieses ...

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EconoFiction

Uncertain Futures (extract)

21 Mrz , 2017  

Uncertain Futures: An Assessment of the Conditions of the Present provides a detailed look into the economic and political conditions of our present moment from a Marxist perspective. Key aspects of Marxist economic theory are illustrated in clear ways in order to provide an easy introduction to Marxist thought and ...

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EconoFiction, Lexicon

Marx on Money

20 Mrz , 2017  

Marx on money: From an analysis of the value-form to a critical understanding of contemporary capitalism 150 years Karl Marx’s „Capital“ in Athens January 2017 Video (with english subtitles) here ...

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EconoFiction

150 years Karl Marx’s Capital. Reflections for the 21st Century

12 Mrz , 2017  

International Conference in January 2017 in Athens «Karl Marx’s Capital provides radical thinkers with the insights necessary to demystify the “truths” of the dominant bourgeois theoretical schemes, ideological certainties and policy implications and is thus of great theoretical and political importance. This explains the increasing interest on Marxian analysis among ...

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EconoFiction, Mashines

Bemerkungen zu „How Noise Matters to Finance“

10 Mrz , 2017  

Nicholas A. Knouf weist in seinem lesenswerten Buch How Noise Matters to Finance zuallererst auf die traditionellen Vorstellungen über den Aktienmarkt hin, man denke an die Steuerung des Marktes durch die berühmte unsichtbare Hand, an die Träume vom Gleichgewicht, Transparenz, erklärbaren Preisbewegungen und korrekten Preisen, die die Fundamentaldaten der Unternehmen ...

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EconoFiction

Anmerkungen zu „Derivatives and The Wealth of Societies“ (Lee, Martin)

4 Mrz , 2017  

Dieses Buch versammelt Beiträge von heterodoxen und marxistisch orientierten Autoren zur modernen Finance. Wir konzentrieren uns hier auf die Beiträge von Meister, Martin, Lee, LiPuma und Appadurai. Die Standardlehrbücher der Volkswirtschaftslehre sprechen vom Geld ausschließlich in seinen Funktionen als Zirkulationsmittel; Wertaufbewahrungsmitttel und Maß, und Finanzlehrbücher fügen dem hinzu, dass an ...

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EconoFiction, NonPolitics

Dead Generations

28 Feb , 2017  

… As growth rates dwindle, the country seems nonetheless driven ahead by an undead, mechanical momentum. Workers are laid off with nowhere to return. Ruralites give uptheir land in exchange for a fraction of the condos built on them, soon losing their value to an inflating currency. Entire landscapes are ...

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EconoFiction

Derivatives and Capitalist Markets: The Speculative Heart of Capital

20 Feb , 2017  

… Conclusions The growth of derivatives-trading in the past decade or so was facilitated by changes in government-regulation. But the fundamental reasons why derivatives-trading exploded have more to do with the attempts by banks, finance-companies and corporations to boost their flagging profitability and revenues. ‘Financial innovation’ was an easier way ...

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