At first glance, it would appear that Deleuze’s concept of structure involves a complex form of so-called creorder, a term that appears at the forefront of the methodological findings of the economists Bichler/Nitzan. (Cf. Bichler/Nitzan 2009) If the structure is […]
Key points on Bichler/Nitzan’s text “Capital as Power”
1. The Hamas-Israel War The 2023 war between Hamas and Israel elicits many different explanations. As with previous regional hostilities, here too, the pundits and commentators have numerous overlapping processes to draw on – from the struggle between the Zionist
Blood and Oil in the Orient: A 2023 Update
It is not the problem around the transfer of value or the reproduction of the value portion of fixed capital that Marazzi deals with in his essay The Amortization of the Body-Machine (Marazzi 2012: 35ff. ) (according to which constant
Machine surplus value and differential accumulation
Semiconductor technology and semiconductor firms do not exist in a vacuum – they are enmeshed in complex ways with social forces outside the control of any dominant group. The interests of the semiconductor business cannot wholly escape the influence of
Put simply, if a social credit (a sum of money) was issued by the government to its citizens and recorded as an investment rather than a debt to be repaid, there would be a lot less commercial bank debt and therefore a lot
The Aggregate Demand Problem in Capitalism Solved
The systemic order of the capital economy is generated in and by continuous disorder: just as order cannot be equated with the optimum of regularity, disorder cannot be identified with the absence of order or with pure chaos. According to
Notes on Anwar Shaikh: Capitalism: Competition, Conflict, Crises
In sum, the last three centuries of an emergent and transforming global political economy must not be viewed teleologically – as in a linear or stadial developmentalism where some desired end is finally achieved – but as a historical exception
Energy, Capitalism and World Order
Of modernity’s illusions, none is so powerful—and none more fundamental to the imperialist bourgeoisie’s belief structures—than Man and Nature (Moore 2021e). I have written these words in the uppercase because they are not merely words; they are instruments of bourgeois
How to Read Capitalism in the Web of Life: Towards a World-Historical Materialism in the Web of Life
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
The History of Accumulation In the previous lecture on what’s been called the ‘esoteric’ Marx, I explored a subterranean current of Marxian thought distinct from the ‘exoteric’ Marx of the workers’ movement. This ‘esoteric’ Marxism, sometimes called value-form theory, finds
Marx After Growth #3 The History of Accumulation
THE MISMATCH THESIS: What do economists mean when they talk about “capital accumulation”? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the “financial crisis” of the late
What Do Economists Mean When They Talk About ‘Capital Accumulation’?
This paper places digital labour in the context of recently revived interest in the young Marx’s concept of ‘species-being’ (Gatungswesen). Cryptically and fragmentarily announced in the Economic and Philosophic Manuscripts of 1844, but largely abandoned in Marx’s later work, the
Digital labour, species-becoming and the global worker