Most Marxist discourses understand both technology, the logical discourse around the teleology of accomplished mastery of nature, which turns out to be the decisive orientation for the Western natural sciences, and the technical object, the practical object of the theoretical […]
The key role of financial markets is to “monitor” the effectiveness of individual capitals, facilitating within enterprises effective exploitation strategies. read here
Value, Fictitious Capital and Finance. The timeliness of Karl Marx’s Capital
A discussion of the law of the tendential fall of the general rate of profit may serve to deepen the problem of progress, growth and crisis of capitalism. First, however, it is necessary to discuss the formal-logical, the conceptual conditions
The movement of the average rate of profit in Marx
There is little doubt that, in the last hundred years or so, progress has been made in lifting more people out of extreme poverty (World Bank 2020). Yet, considerable economic inequalities both within and between nations persists and, as recent
Capitalism, Money and Inequality in the World
I]nflation in the midst of stagnation is not an anomaly.If anything, it is the general rule. — Nitzan and Bichler, 2009 As much of the world grapples with post-Covid price gouging, it seems like a good time to revisit our understanding
[ part 1 & 2 of a longer essay on the past two decades of ‘militant-research’. part 3, A Feminist Internationale Assembled in a Riotous Manner‘, forthcoming] Demands, protests, petitions, graffiti, discussions, harangues, slogans, shouts, cheers and insults are so
Twenty Years of Militant-Research: La Potencia Destituyente y La Potencia Feminista (DRAFT)
In November 2021, I wrote a post called ‘The Truth About Inflation’. At the time, inflation fears were heating up. And as usual, mainstream economists were missing the bus. Sure, economists pointed to the consumer price index and said, “Look, it’s
Inflation: Everywhere and Always Differential
An electronic billboard in Times Square displays the American public debt, an astronomic figure of some thousands of billions of dollars which increases at a rate of $20,000 a second. Another electronic billboard at the Beaubourg Center in Paris displays
Global Debt and Parallel Universe
As we have already indicated in Capitalization vol. 2 (Szepanski 2014b), the Greek economist John Milios has offered an important approach to a precise conceptual determination of the contemporary capital relation with his monetary theory of value, based on the
Money and Capital – Basic ideas of an updated Marxism
1 Paper presented at the Conference “Rileggere IlCapitale: La lezione di Louis Althusser”, organized by the Department of Historical Studies of the University Ca’ Foscari, November 9-11, 2006, Venice, Italy. 1. Althusser’s legacy: Capital as change of “object, theory and
Capital after Louis Althusser. Focusing on Value-Form Analysis1
1) Economic quantities are changeable in time precisely because money, as a so-called transcendental signifier for capital, possesses the quality of a pure quantity, with which money is released from actual acts of exchange and thus, as a monetary sign,
25 Theses on TIME (of Capital)
If I were asked to characterize the present state of affairs, I would describe it as ‘after the orgy’ . The orgy in question was the moment when modernity exploded upon us, the moment of liberation in every sphere. Political