EconoFiction

The Global World Order

17 Okt , 2019  

The fact that struggles for reproductive conditions or circulation struggles are increasing again worldwide at the moment is no coincidence. In France in particular, they are increasing in intensity from week to week with the Yellow West. The shifts are easy to understand there, the radicalism of the Riots, the ...

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EconoFiction, Mashines

Money Robots

16 Okt , 2019  

Money robots are actually nothing more than complex algorithms that analyze and process data and are also able to learn from feedback and results. Former MEP Martin Ehrenhauser has published an informative book on this subject. The book “Die Geldroboter”, published by ProMedia-Verlag, deals with the function and effectiveness of ...

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EconoFiction

Financial Capital Globalization as Capital Discipline and the Socialist Alternative

10 Okt , 2019  

John Milios National Technical University of Athens, john.milios@gmail.com

Dimitris P. Sotiropoulos The Open University Business School, UK, d.p.sotiropoulos@gmail.com

1. Globalization, financialization, crisis

The current financial crisis of capitalism is without precedent in the post-war period. Regarding the crisis, recent heterodox literature is dominated by a single and persistent argument. The ...

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EconoFiction

FX & Imperialism

8 Okt , 2019  

What affects the exchange rate of a country’s currency? The answer depends on where that country stands in the world economy. Not simply because an exchange rate is the value of one currency versus another, so that you must weigh up two or more countries. It is mainly because the ...

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EconoFiction, Mashines

Do Androids Dream of Surplus Value?

8 Okt , 2019  

Androids, if they were to come into existence, would be the outcome of scientific and engineering ingenuity and thus be products of past living labour. Although the androids might be Turing-compatible, Voight-Kammpf cheating and Asimov-law abiding, they would be dead labour. Indeed as outcomes of a capitalist production process they ...

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EconoFiction

Fossiles Kapital (4)

6 Okt , 2019  

Kommen wir zum Gesetz der steigenden atmosphärischen Konzentration von C02. Der Fluss der chinesischen Wanderarbeiter vom Land in die Städte hat die Lohnkosten für eine Zeitperiode niedrig gehalten, aber nicht nur in China, sondern in der ganzen Welt, sodass die chinesische Reservearmee zu einer weltweiten Reservearmee mutierte. Zugleich kam man ...

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EconoFiction

Fossiles Kapital (3)

5 Okt , 2019  

Am Ende des Buchs kommt Malm auf die Emissions-Explosion nach dem Jahr 2000 zu sprechen, die von einem einzigen Land ausging, nämlich der VR China. Zwischen den Jahren 2000 und 2006 war China für 55% der globalen Emission von CO2 verantwortlich. Im Jahr 2002 wurde China der größte Förderer von ...

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EconoFiction

The resonant Cavity of the Shopping Mall

4 Okt , 2019  

The Shopping Centre
Why should one still read Baudrillard today? Paradoxically, many of Baudrillard’s poststructuralist texts, which were rightly often perceived as science fiction texts, are dated, and some of his texts, apart from the fact that there are general doubts about his simulation theory, are really no exception.1 However, ...

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EconoFiction

Derivatives are Speculative Capital

3 Okt , 2019  

In recent decades, an ever-increasing proportion of the profits of private banks has been generated by financial activities far beyond mere borrowing and lending of money. Commercial banks generate their profits through the endogenous creation of credit and through the trading of foreign exchange and, in particular, securities and derivatives. ...

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EconoFiction

Neoliberal Capitalism: Living and Thinking Like Pigs

29 Sep , 2019  

The title is borrowed from Gilles Châtelet’s book To Live and Think Like Pigs: The Incitement of Envy and Boredom in Market Democracies. What maxim does Châtelet refer to in his book that demands another life instead of a pig’s life? The answer is simple: Always unfold a ...

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EconoFiction

Finance and Reproduction of Capital

28 Sep , 2019  

Here we examine the ratio of financial capital (finance) to the reproduction of capital. In Section A, we clarify the concept of extended reproduction with particular reference to the concept of circulation. Section B deals mainly with the previously neglected relationship between finance and capitalist production. In a further section, ...

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EconoFiction

Is there any machine added surplus value?

26 Sep , 2019  

Not the problem of the transfer of the value or the reproduction of the value share of the fixed capital, which Marazzi described in his essay The Amortization of the Body Machine (Marazzi 2012: 35ff.) (according to which the constant capital is produced twice through the operation of transmission), the ...

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EconoFiction, PhiloFiction

Laruelle and Capital

25 Sep , 2019  

Each statement of non-Marxism aims at a double methodization, either as axiom or as theorem, the latter remaining entirely related to the Marxist material, which is always different symptomatologies. The specific operations of non-Marxism should also produce new theoretical objects, be they specified circumstances or concepts such as “non-proletariat” or ...

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EconoFiction

Capital and Total Capital: The Quasi-Transcendental and the Actualisation- Virtualization Interconnection

24 Sep , 2019  

For a further explanation of the concept of capital we refer to the French philosopher François Laruelle, who in his conception of non-philosophy, when he speaks of “unilateral duality”, first generally assumes that two or more terms and their relations are always determined by one term. This is the principle ...

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EconoFiction

Gilbert Simondon, High Frequency Trading and Ecotechnology

23 Sep , 2019  

If one follows the theory about technical objects as developed by the French theorist Gilbert Simondon (Simondon 2012), and then the statements of Frédéric Neyrat in the anthology Die technologische Bedingung (Hörl 2011), the task for today’s hypertechnized societies is to fundamentally rethink the identity of nature and technology (there ...

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EconoFiction

24/7 Capital

22 Sep , 2019  

The rhythms of life, the ups and downs of nature and everyday life must disappear in this world; for the weakness and inadequacy of human time, its diffuse and intertwined structures”, writes Jonathan Cray, “there is no place left in the present global digital 24-7 system. The 24/7 mode has ...

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EconoFiction

Thinking Collective Self-Determination Through Municipalism

21 Sep , 2019  

The book Anti-Oedipus, by the French thinkers Gilles Deleuze and Félix Guattari, has an interesting insight about three types of social formation and their registration surfaces: the primitive society where all is inscribed on land, the bodies are registered on it and everything leads to it; the despotic society ...

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EconoFiction

Index of Power Update, 2018-19: China #2

18 Sep , 2019  

his is an update of the statistics for my Index of Power, using data for 2018-19 and discussing what a country’s ranking reflects. The major change is that China’s rank has shifted up and it has now taken the UK’s place at number 2 in the world. The US still ...

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EconoFiction

Fossiles Kapital (1)

18 Sep , 2019  

Im Jahr 2012 waren die globalen CO2 Emissionen um 58% höher als im Jahr 1990. Dies hatte unter anderem zur Folge, dass die Wirbelstürme aufgrund höherer Temperaturen in den Einzugsgebieten von Ozeanen stärker wurden und die arktischen Ökosysteme eine Reihe von Tipping Points erreichten. Die Grenze, bei dem die Eisdecke ...

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EconoFiction

Class in the 21st century: Asset inflation and the new logic of inequality

16 Sep , 2019  

What becomes of class when residential property prices in major cities around the world accrue more income in a year than the average wage worker? This paper investigates the dynamic of combined wage disinflation and asset price inflation as a key to understanding the growth of inequality in recent decades. ...

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EconoFiction

Deleuze/Guattari and quantum finance

13 Sep , 2019  

Deleuze/Guattari invite us to apply at least three models of thought to the theoretical analysis of economics, by tracing the image of the current that, in their view, articulates each model. It is only the third, the molecular-performative model, that correctly stages the force of thought. (Laruelle contrasts the concept ...

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EconoFiction

Can Coffee be Sustainable ?

12 Sep , 2019  

After participating at the Sustainability Congress one day before WOC Berlin June 2019, I was thinking : what a mess…can coffee really be sustainable?

Especially after the presentation from Nespresso i had to LOL !

I questioned Mr.Ranitzsch about Nespresso Mexico and the Problems and Resistance against the Robusta Project ...

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EconoFiction

Barbarism of Employment

11 Sep , 2019  

In principle, fictitious capital always arises when a money owner leaves his money to another person and in return receives a title of ownership (bond, share, etc.) representing the claim to this money and its increase (e.g. in the form of interest or dividends). In this way, the original sum ...

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