A specter is haunting Europe — and much of the rest of the world, for that matter. Even the holy father, who back in the day had joined the czar, Metternich and Guizot, French Radicals, and German police spies in […]
Portfolio Society: On the Capitalist Mode of Prediction
Communism is not a programme one puts into practice or makes others put into practice, but a social movement. Apart from perhaps a clearer understanding, those who develop and defend theoretical communism are moved by the same practical personal need
Dear friends and comrades, I will argue that the return of statist and nationalist policies does not actually mean that Neoliberalism is being challenged. Neoliberalism is a form of capitalist goverrnmentality, a form of organizing the power of capital over
After Brexit and Donald Trump: Is Nationalism challenging Neoliberalism?
Achim Szepanski Kapital und Macht im 21. Jahrhundert Achim Szepanski legt eine umfassende Studie zur Logik und Existenzweise des Kapitals im 21. Jahrhundert vor. Er bemüht sich um ein radikal marxistisches Verständnis der intrinsischen Rolle, welche das moderne Finanzsystem für
Kapital und Macht im 21.Jahrhundert (Leseprobe)
The short answer is yes. However, the big question has to do with timing and how the crash will be experienced and by whom. Typically, an economic crash means that the value of owned income-generating assets like stocks (shares in companies) are
Are We Heading for Another Economic Crash?
As I have argued in the first Moneylab Reader, money is a medium of the imagination. While it is often presumed to be a banal and basic substance marked by its fungibility, ease of use, widespread acceptance and legal status,
MoneyLab is a network of artists, activists, and geeks experimenting with forms of financial democratization. Entering the 10th year of the global financial crisis, it still remains a difficult yet crucial task to distinguish old wine from its fancy new
MoneyLab2 – Overcoming the Hype
Es muss heute unbedingt davon ausgegangen werden, dass eine Vielzahl bezahlter Produkte, Arbeiten und Dienstleistungen nicht nur wertlos, sondern schädlich sind. David Graeber spricht in diesem Kontext von bullshit jobs, die er insbesondere im Dienstleistungssketor und in der Administration verortet.
Exposition of the basic points of the Marxist theory of value and its ideological implications, of money (Parts I and II), of social capital and of crises (Parts III and IV) makes it clear that the theoretical analysis (the system
On the Character of Marxian Theory, “Ricardian Marxism” and the Role of F. Engels
A slightly modified chapter 3 of the book From Crisis to Communization, published in 2017 by Editions Entremonde. False Yards In 1997, in the Sarthe, about twenty workers build a section of motorway under the direction of an engineer
An option is common form of a derivative. It’s a contract, or a provision of a contract, that gives one party (the option holder) the right, but not the obligation to perform a specified transaction with another party (the option
Synthetic Structured Financial Instruments
In this 2010 interview, Robert Kurz discusses Marx’s theory of crisis, the theories of “collapse” advocated by a minority of Marxists (Luxemburg, Grossman, Mattick) in the early 1900s, the implications of the “third industrial revolution of microelectronics” for capitalist accumulation,
Marx’s theory, the crisis and the abolition of capitalism