Capital as Power

From Commodities to Assets / Capital as Power and the Ontology of Finance

Introduction The wealth of societies in which the capitalist mode of production prevails appears as an immense collection of commodities assets. — paraphrasing Karl Marx The mirages revolt The financial meltdown of 2008 presented an opportunity to examine certain fundamental …

From Commodities to Assets / Capital as Power and the Ontology of Finance

Unbridgeable: Why Political Economists Cannot Accept Capital as Power

The theory of capital as power (CasP) is radically different from conventional political economy. In the conventional view, mainstream as well as heterodox, capital is seen a ‘real’ economic entity engaged in the production of goods and services, and capitalism …

Unbridgeable: Why Political Economists Cannot Accept Capital as Power

‘Growing through Sabotage: Energizing Hierarchical Power’

8Growing Through SabotageThe CasP project has identified numerous such paths of differential accumulation through strategic sabotage. A partial list of these paths includes higher unemployment that redistrib-utes income in favour of capitalists (Bichler and Nitzan 2014a); decelerating employment growth that …

‘Growing through Sabotage: Energizing Hierarchical Power’

Bichler/Nitzans “Capital of Power”

At first glance, it seems that Deleuze’s concept of structure involves a complex form of the 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 …

Bichler/Nitzans “Capital of Power”

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