EconoFiction

Imperialism or (and) Capitalist Expansionism. Some Thoughts on Capitalist Power, the Nation-State and the Left

22 Sep , 2017  

Abstract

This paper critically reviews some fundamental theses of the theories of imperialism. It claims that a theory of imperialism, if based on Marx’s theory of capitalism, shall on the one hand reject the traditional monopoly-capitalism approach and on the other adopt a broader definition of imperialism, denoting the (economic, ...

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EconoFiction, PhiloFiction

Lyotard: Intensitäten

19 Sep , 2017  

1.

Lyotard sieht im Kapitalismus die Herrschaft der reinen Quantität, den völligen Bedeutungsverlust zugunsten der Zahl/des Profits: „Nirgends eine Verknüpfung mit dem Großen Signifikanten, lediglich das Tauschgesetz, das zwischen den Termen, deren Wert allein in ihrer Beziehung liegt, wirksam ist. Genau das ist die Definition einer Struktur …“; m.a.W.: der ...

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EconoFiction, PhiloFiction

DAS GROSSE ZERO (Économie libidinale, Paris 1974) Jean-Francois Lyotard: Libidinöse Ökonomie

17 Sep , 2017  

Walter Reese-Schäfer vermag in „Lyotard zur Einführung“ (bei JUNIUS) mit der LÖ offensichtlich nicht viel anzufangen. Dennoch wird deutlich, dass „die Krise der Auflösung“ einer sozialistischen Gruppe (19) sicherlich ein Anlass zur Niederschrift der LÖ war, es aber im Kern um etwas fundamental Existenzielles geht: um Verzweiflung (18 und 155) ...

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EconoFiction

Crisis and Sequels: capitalism and the new economic turmoil since 2007

13 Sep , 2017  

Like every crisis, 2008’s surprised. Some of us failed to see how turmoil originating in finance, and apparently in a limited area of finance to do with the US housing market, could have such great impact on factories and offices which were not booming, but still jogging along with tidy ...

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documentation, EconoFiction

Ernest Mandel’s contribution to Economic Dynamics

12 Sep , 2017  

Ernest Mandel’s contribution to  Marxist economic theory, made in the late sixties and early seventies, was in its time without equal. He rescued from oblivion the most central concept available to us today in explaining the dynamics of uneven development and crisis  – Marx’s concept of surplus profit. By analysing ...

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EconoFiction

Cryptocurrency and Efficient Market Hypothesis. Drunken Risibility.

10 Sep , 2017  

According to the traditional definition, a currency has three main properties: (i) it serves as a medium of exchange, (ii) it is used as a unit of account and (iii) it allows to store value. Along economic history, monies were related to political power. In the beginning, coins were minted

...

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EconoFiction

Home Too much production: Postone’s new interpretation of Marx’s theory provides a categorical critique with deficits

9 Sep , 2017  

Moishe Postone has produced a weighty work on central, categorical questions of Marx’s critique of economy. It is in no way a merely academic exercise. The vanishing point of even his most abstract considerations is the question of how to analyze contemporary changes in capitalism.

Postone’s critique is directed in ...

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EconoFiction

The Scourge of Ratings Agencies

8 Sep , 2017  

This is from the archives written over two days in August and September this year and meant as part of the weekly digest for PFPAC (FB).
 Some days back, a friend, asked a question on Ratings Agencies (RAs hereafter), and if there is anything viable or subsequently pliable of these? ...

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EconoFiction

Facebook’s Advertising Machine

7 Sep , 2017  

When Mark Zuckerberg is interviewed, the founder of Facebook can barely put a sentence together without using the word ‘connect’. This looks like a case of Tourette’s syndrome that spouts business buzz words not curses. But it is based on his understanding of the source of his company’s revenues and ...

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EconoFiction

Die Unterscheidung zwischen finanziellem und realem Kapital

4 Sep , 2017  

Mit Geld kann man potenziell alle Objekte, Produkte und Relationen einer Ökonomie als Waren, als käufliche Objekte handeln, während umgekehrt Waren ausschließlich produziert werden, um sie in Geld zu verwandeln. Allein schon wegen dieser allgegenwärtigen Funktion des Geldes und insbesondere wegen des monetären Gewinns als Handlungsziel der Unternehmen erscheint es ...

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EconoFiction

Economy of the War Machine (Part III of IV)

4 Sep , 2017  

Part III. The Economic Concept of Ordinal Value in Chapter 9

Socially-necessary labor time, supply and demand, marginal utility, putative or nominal price, risk-weighted interest rates, or some combination of the above: what do all of these conceptions of the determinates of value share in common? In short, they are ...

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EconoFiction

Economy of the War Machine (part II of IV)

3 Sep , 2017  

Part II. Three Models of Economy in Chapter 1

There are, according to D&G, as outlined in Chapter 1, three conceptually-distinct but ontologically-interwoven models for the composition of the assemblage of an object. For our purposes, we have said we will take up the object qua assemblage that is ...

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EconoFiction

Economy of the War Machine (Part I of IV)

31 Aug , 2017  

Part I. Introduction to an Economy of the War Machine

 

Did you know that in Chapter 9 of A Thousand Plateaus Deleuze & Guattari outline an ordinal concept of value aligned with, in continuation of, and subsidiary to that which is developed throughout the heterodox economic project that is Deleuze’s ...

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EconoFiction

Orthodoxy of the Neoclassical Synthesis: Minsky’s Capitalism Without Capitalists, Capital Assets, and Financial Markets

30 Aug , 2017  

During the very years when orthodoxy turned Keynesianism on its head, extolling Reaganomics and Thatcherism as adequate for achieving stabilisation in the epoch of global capitalism, Minsky (Stabilizing an Unstable Economy) pointed to the destabilising consequences of this approach. The view that instability is the result of the ...

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EconoFiction

Monetary Policy Divergence: Cross Currency + FX Swaps — Negative Basis

29 Aug , 2017  

Cross currency swaps and FX swaps encompass structures which allow investors to raise funds in a particular currency, e.g. the dollar from other funding currencies such as the euro. For example an institution which has dollar funding needs can raise euros in euro funding markets and convert the proceeds into ...

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EconoFiction

Economy of the War Machine (Part IV. Overview)

27 Aug , 2017  

art IV of our Economy of the War Machine will arrive in several separate posts. Our outline is as follows.

Chapter One. Overview of Part IV. Elements of Nomadic Distribution

Chapter Two. A Technological Issue. Interminable Deterritorialization (Continuous Recalibration) (parts a and b)

Chapter Three. An Institutional Issue. Double Deterritorialization, ...

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EconoFiction

Rethinking Imperialism

24 Aug , 2017  

Rethinking Imperialism A Study of Capitalist Rule
John Milios and Dimitris P. Sotiropoulos
For more than a century ‘imperialism’ has been a key concept in Left theory and politics, connoting both the aggressiveness and the overripe characteristics of modern capitalism, or at any rate of certain capitalist formations. Recent debates ...

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EconoFiction

Cloudbank

18 Aug , 2017  

Critique of pure laughter. Laughter plays madly through the body, as though suddenly accessing another layer of reality. The shock of the abstract. A pure line is embodied in the spatiotemporal dynamisms of the laugher — and in the same ‘order’ as that of the joke… –Laughter shakes loose the ...

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EconoFiction

“Moneybags Must be So Lucky”: Inside the Hidden Abode of Prediction

15 Aug , 2017  

In the nineteenth century, Karl Marx wondered how it was possible for the exchange of commodities to generate so much wealth for some and so much misery for the others. A similar question now haunts our discussions of financial markets: how can the expanding trade in financial securities create such ...

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EconoFiction

Schumpeter and Lederer on Growth, Technology, Credit and Business Cycles

10 Aug , 2017  

Panayotis G. Michaelides, John G. Milios and Angelos Vouldi
It is the purpose of the present paper to compare Emil Lederer and Joseph Schumpeter withrespect to their visions concerning the notions of economic growth, technology, credit and business cycles. Lederer, just like Schumpeter, used the distinction between statics and dynamics.
...

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EconoFiction

Foraminifederalogie contra Non-Ökonomie. Teil 2: Bedingungsloser Grundbesitz, spekulativer Kommunismus und politische Negativierung

7 Aug , 2017  

Anna Newspeak: Wir wollten noch näher über Derivate-Kommunismus und bedingungslosen Grundbesitz sprechen. Was ist für dich der sogenannte Derivate-Kommunismus?

Achim Szepanski: A-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. Wenn man in der ...

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EconoFiction, Mashines

Automation, Netzwerke und Plattformen (1)

5 Aug , 2017  

Folgt man einer linear konzipierten Genealogie der Technikgeschichte, so beginnt die erste Epoche der Industrialisierung mit der Dampfmaschine, welche von der Epoche der Elektrifizierung und Taylorisierung und diese wiederum von der dritten Epoche der digitalen Automation und der Einführung von Robotern abgelöst wird. Mit der Online-Vernetzung der Maschinen in Echtzeit ...

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EconoFiction, Necropolitics

The Governance of the World

1 Aug , 2017  

The hyper-industrial state of fact takes what Deleuze called control societies, founded on modulation by the mass media, into the stage of hyper-control. The latter is generated by self-produced personal data, collected and published by people themselves – whether knowingly or otherwise – and this data is then exploited by ...

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EconoFiction

Amazon: Becoming the Market

28 Jul , 2017  

Amazon’s business operations highlight many of the paradoxes of modern imperialism. It provides an efficient delivery of a wide range of goods and services to satisfied customers, but the workers involved in the process are stretched to the limit, and businesses competing with them are liable to come off badly, ...

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EconoFiction

Malignant Acceleration in Tech-Finance. Some Further Rumination on Regulations.

25 Jul , 2017  

Regardless of the positive effects of HFT that offers, such as reduced spreads, higher liquidity, and faster price discovery, its negative side is mostly what has caught people’s attention. Several notorious market failures and accidents in recent years all seem to be related to HFT practices. They showed how much ...

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EconoFiction

Contemporary schools of thought and the problem of Labour Algorithms

23 Jul , 2017  

Despite the fall of actually-existing socialism, the idea of computerized economic planning continued to be developed by small groups of theorists, who have advanced its conceptual scope further than anything attempted by Soviet cyberneticians. Two schools have been of particular importance: the ‘New Socialism’ of Scottish computer scientists Paul Cockshott ...

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EconoFiction

Kommunisierung und Wertformtheorie

22 Jul , 2017  

“Die Wertform des Arbeitsprodukts ist die abstrakteste, aber auch allgemeinste Form der bürgerlichen Produktionsweise, die hierdurch als eine besondere Art gesellschaftlicher Produktion und damit zugleich historisch charakterisiert wird.“ [2]

In der ersten Nummer von Endnotes beschrieben wir die Entstehung der Theorie der Kommunisierung in den Jahren nach Mai 1968 in ...

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EconoFiction

Fundamentals of Algorithmic Markets: Liquidity, Contingency, and the Incomputability of Exchange

16 Jul , 2017  

 
 
Since the mid-2000s, financial markets have been subjected to an unprecedented critical scrutiny, particularly in light of ‘black swan events’ such as the supposedly unpredictable Global Financial Crisis, and algorithmic ‘accidents’ such as the Flash Crash of May 2010. Yet while the complexity of derivatives instruments and the rise of
...

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EconoFiction, PhiloFiction

Compositional Mutations: Nick Land and Libidinal Materialism

15 Jul , 2017  

With the  libidinal reformulation of being as composition ‘one acquires degrees of being, one loses  that which  has being’.

– Nick Land, A Thirst for Annihilation

Tracing Nietzsche’s libidinal energetics Nick Land would see four major thrusts: 1) a concerted questioning of the logicomathematical conception of the same, equal,  or ...

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EconoFiction, Mashines

Labor, Automation, and Refusal

13 Jul , 2017  

Marxism has, and had for a quite a long time, a problem with the question of work. This is not to say that Marxism can be confused with the insistence of its antagonist, capitalism, over the relations of labor and production – nowhere in Marx’s own writings do we find ...

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EconoFiction

WHAT MAKES THE US PROFIT RATE FALL ?

28 Jun , 2017  

Since world war II there have been two quite distinct phases of world growth. In about 1965, a long slowdown set in which has still not ended. Robert Brenner (2002, 2003) has re-ignited the debate about its causes, claiming that nothing in either present or past economic theory explains it. ...

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EconoFiction

Saudi Arabia and Imperialism

27 Jun , 2017  

Saudi Arabia has been a major player in Middle East politics. It backed the 2013 overthrow of the Moslem Brotherhood in Egypt, since the example of an elected government of a major country next door was not welcome to the Saudi family autocracy. It has suppressed Shia-based protests in Bahrain ...

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EconoFiction, NonPolitics

NON: An unsere Genossen. erste Notiz / To our comrades. first draft

25 Jun , 2017  

english translation will follo

Zu Marxens Zeiten erwuchs das proletarische Widerstandspotenzial nicht in erster Linie, wie sich das manche Marxisten immer noch gerne wünschen, aus dem Kampf gegen die Warenform, sondern es waren vielmehr die techno-ökonomischen Bedingungen des Übergangs vom Holz zur Kohle als Energiequelle, die für auch für neue ...

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EconoFiction

Die globalen Wertschöpfungsketten und das globale Proletariat

23 Jun , 2017  

Die Automation, deren Anwendung heute ohne den umfassenden Einsatz von Informationstechnologien allerdings nicht möglich wäre, ist seit den 1980er Jahren eine wesentliche technologische Komponente der neuen internationalen Dynamik der Kapitalakkumulation, wobei weltweit einerseits sogar neue Arbeitsplätze geschaffen (vor allem in Asien), andererseits in den Kernländern des Kapitals massenhaft Arbeiter aus ...

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EconoFiction

The Myth of the ‘Human Enterprise’: The Anthropos and Capitalogenic Change

15 Jun , 2017  

Humans are distinctive. No one is arguing the point. But how do we think through that distinctiveness? How do our conceptualizations lead us to highlight some relations over others, and how do those in/visibilities conform to – and challenge – extant structures of power (Bourdieu and Wacquant 1992; Sohn-Rethel 1978)? ...

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EconoFiction, NonMusic

Interview with Radio Študent, Ljubljana, Slovenia- Otitis Media

13 Jun , 2017  

Questions  – Andrej Tomažin

 Answers – Achim Szepanski

1. In the nineties, you were running the label Mille Plateaux and before that – in the eighties – you were a part of noise/post-punk collective PD and later P16.D4. With Mille Plateux and Force Inc. you’ve incorporated the Deleuzian-Guattarian rhizomatic (and ...

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Biopolitics, EconoFiction

Name the System! Anthropocenes & the Capitalocene Alternative

13 Jun , 2017  

The Anthropocene has become the most important – and also the most dangerous — environmentalist concept of our times. It is dangerous not because it gets planetary crisis so wrong, but because it simultaneously clarifies ongoing “state shifts” in planetary natures while mystifying the history behind them (Barnosky et al.

...

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documentation, EconoFiction

The 1%, Exploitation and Wealth: Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan

9 Jun , 2017  

Suggested citation:
Shimshon Bichler, Jonathan Nitzan and Tim Di Muzio (2012), ‘The 1%, Exploitation and Wealth: Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan’, Review of Capital as Power, Vol. 1, No. 1, pp. 1-22.
The 1%, Exploitation and Wealth:
Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan ...

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EconoFiction, Necropolitics

Trump, der rechte Populismus und das finanzielle Kapital.

3 Jun , 2017  

Der Wahlsieg von Trump im Jahr 2016 war eine Antwort auf die Krise des Neoliberalismus und nicht primär eine Antwort auf gegenwärtige Bewegungen wie Occupy und die Anti-Globalisierungs-Bewegung, obgleich diese Bewegungen natürlich irgendwie mit der Krise verbunden sind. Die Strategien der herrschenden Parteien im Block an der Macht zielen immer ...

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EconoFiction, NonPolitics

Der Imperialismus heute – Vor dem 4. Weltkrieg

2 Jun , 2017  

Die Dinge im Ofen der imperialistischen Rivalitäten wärmen sich zunehmend auf und nicht nur mehr nur an den Randzonen des imperialistischen Systems. Vielfach wurde in linken Analysen in der letzten Zeit von der Krise des Neoliberalismus, womit die Krise des imperalistischen Systemes gemeint ist, und von einer Rückkehr zum Nationalismus ...

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EconoFiction

Das Kapital des 21. Jahrhunderts – Zweite Notiz

1 Jun , 2017  

Schon für Marx besteht eine wichtige Konsequenz, die sich aus der Extraktion des Mehrwerts in der Warenproduktion ergibt, darin, den Mehrwert in das zu transformieren, was wir heute ein Asset nennen. Das Asset ist ein Mittel, mit dem der Mehrwert einerseits bewahrt und andererseits akkumuliert werden kann. Wenn das nicht ...

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EconoFiction

Capitalist Development and Globalization: A Marxist Approach

30 Mai , 2017  

Post-war Political Economy is marked by what we may call the “development debate”. Different theoretical Schools and approaches have dealt with or argued about the possibility, the extent, the presuppositions and the social character of economic development, especially in the Less Developed Countries of the Third World (LDCs). Neoliberal thinking, ...

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documentation, EconoFiction

A Political Economy of Contemporary Capitalism and its Crisis

19 Mai , 2017  

A Political Economy of Contemporary Capitalism and its Crisis
Demystifying finance
Dimitris P. Sotiropoulos, John Milios, and Spyros Lapatsioras
The recent financial crisis is without precedent in the post-­ war period, a fac acknowledged by the majority of economists. At the same time, the crisis is a“marginal moment,” which unveils ...

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EconoFiction, GenericScience, Lexicon, NonPolitics

Skizzen: Bedingungsloser Grundbesitz, Minderwert, Geldschöpfung und -vernichtung

18 Mai , 2017  

[Das folgende, leicht abgeänderte und ergänzte Fragment entstand während einer Diskussion mit Achim Szepanski im Jahre 2014 zum Thema Mehrwert als Differenzproduktion und zur Homogenität des Geldes. Es stellt eine Skizze der “monetären” Fragen der FORS Simulation dar.]

Mehrwertproduktion ist tatsächlich Differenzproduktion, das ist wohl wahr und meines Erachtens (so ...

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EconoFiction

Anmerkungen zu Szepanskis Kapitalisierung 1 & 2 & Non-Marxismus

14 Mai , 2017  

Erkenntnisse/Thesen
-Methodologische philosophische Voraussetzungen beinhalten eine Verengung des Blickwinkels auf das Kapital, z.B. verstellt die Priorisierung der Arbeitskraft die Möglichkeit eines maschinellen Mehrwerts, ist Dialektik nicht offen für Sprünge, Brüche etc…

-Kapital ist zu begreifen als „prozessierende Differenz“, d.h. Differenzproduktion und sich verwertenden Wert.

-Die Geldform kann nicht logisch aus ...

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EconoFiction

Das Kapital des 21. Jahrhunderts – Erste Notiz

11 Mai , 2017  

Finanzielle Instrumente und Zahlungsversprechen waren als eine Art Embryo von Beginn des Kapitalismus an präsent, wenn man bedenkt, dass die kapitalistische Warenproduktion prinzipiell vorfinanziert werden muss und damit für das Unternehmen Schulden, die mit seinen zukünftigen Waren versichert werden, je schon entstehen. Die Möglichkeit des Kapitalisten, seine zukünftige Ware ...

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EconoFiction, GenericScience, Lexicon, NonPolitics

Wikipedia article: Universal Basic Property

9 Mai , 2017  

The Universal Basic Property (shortened: UBP) is an idea invented by Anna Newspeak. It describes the proposition of substituting the monetary, financial, capital and therefore class order through the set-up of a completely new capitalistic order and its relations by giving a Universal Basic Property of money to every person ...

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documentation, EconoFiction

Marxian Economics

6 Mai , 2017  

 

John Milios, George E. Economakis

Marxian Economics

The economic theory formulated and developed by Karl *Marx (Trier, 1818 – London, 1883). By extension, ‘Marxian Economics’ refers to all theoretical approaches that are predicated on Marx’s economic concepts (Howard and King 1989, 1992).

Marx developed his economic theory, under the ...

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EconoFiction

Michael Heinrich, New readings and new texts: Marx’s Capital after MEGA2

3 Mai , 2017  

The Heinrich talk at 150 Years Capital Conference in Athens January 2017 organised by John Milios.

here ...

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