you can order here A New Theory of Speculative Capital The book’s central theme is to develop a new theory of speculative capital related to other forms of capital, the world market, and the state. Besides most Marxist and heterodox […]
Financial Capital in the 21st Century
Inflation is always and everywherea phenomenon of structural change. — Jonathan Nitzan Milton Friedman has been dead for more than a decade, but his ghost still haunts us. In the 1960s, Friedman declared that inflation is ‘always and everywhere a monetary phenomenon’ —
The best starting point for reconstructing a world-historical theory of ecological transformation under capitalism is found in Marx’s concept of metabolic rift. For Marx and Engels (1970), the theory of metabolic rift centers on the ecological moment of the antagonistic
ENVIRONMENTAL CRISES AND THE METABOLIC RIFT IN WORLD-HISTORICAL PERSPECTIVE
Zu Beginn der Covid-19-Krise im Jahr 2020 kam es weltweit zu einem starken Rückgang von Angebot und Nachfrage in der Industrieproduktion. Neben den riesigen Gewinnen von Big Pharma, den großen Technologieplattformen und einigen Großbanken sanken die gesamten Unternehmensgewinne in den
As Adam Tooze and Joscha Wullweber show in their new books, in the year 2020 the functions of central banks were strengthend by their new role as market makers. As Daniela Gabor puts in a paper: “Indeed, central banks have
Central Banks as market makers? (1)
We present ht here, in three parts, a preliminary report on the book Speculative Capital, which contains the first comprehensive study of a new form of capital that dominates the economies of the 21st century. Throughout this report, we refer
Speculative Capital in the context of LiPumas theory of Speculation And CIrculatory Capital
In discussions on the rate of profit and its tendency to fall and its role in Marxist theory, a number of phrases are often employed without clarifying what these might really mean. Primary among these are such phrases as ‘the
THE COURSE OF THE RATE OF PROFIT
For quite some time now, a governmental technique or governance has come to the fore in post-Fordist capitalism that is called debt. (Cf. Lazzarato 2012: 39f.) This is a dispositive that engages in the machinic fabrication of economic debt by
Indebtedness – Liability and debts
Seit geraumer Zeit schon tritt im postfordistischen Kapitalismus eine Regierungstechnik bzw. Governance in den Vordergrund, die Schulden heißt. (Vgl. Lazzarato 2012: 39f.) Es handelt sich hier um ein Dispositiv, das die maschinelle Fabrikation von ökonomischen Schulden betreibt, indem es die
Verschuldung – Schuld und Schulden
Nicht nur Christian Lindner, auch Robert Habeck hat deutlich gemacht, dass sich einkommensarmen Menschen unter einer Ampel-Koalition wenig Hoffnung machen dürfen Politische Beobachter und Kommentatoren spekulieren gerade viel, wer in einer von SPD, Grünen und FDP gebildeten Regierung Finanzminister wird
Für Bedürftige wird es kalt in Deutschland
The essay you published with Laika Publishing is called “Imperialism, State Fascism, and the War Machines of Capital.” How do you define these individual terms? The war machine is a Deleuze/Guattari term, a machine that does not have war as
IMperialism and State (Interview with Pravda)
1. Introduction In 2012, we published a paper in the Journal of Critical Globalization Studies titled ‘Imperialism and Financialism: The Story of a Nexus’. Our topic was the chameleon-like Marxist notion of imperialism and how its different theories related to finance. Here is the article’s