capital

On the situation in the financial markets

Trillion-dollar government spending programs have far exceeded the outlays following the 2008 financial crisis in Western countries, and go hand in hand with the gigantic government bond-buying programs and quantitative easing policies of central banks, which in turn flood the …

On the situation in the financial markets

Speculative Capital in the context of LiPumas theory of Speculation And CIrculatory Capital

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

Dominant Capital and the Government

This note contextualizes the ongoing U.S. policy shift toward greater ‘regulation’ of large corporations. Cory Doctorow (2021) and Blair Fix (2021) are optimistic about this shift. We doubt it. 1.      The Limits of Power Large U.S.-based corporations are extremely powerful, but the growth of their …

Dominant Capital and the Government

Global finance as capital rule. The “creative” role of the ECB

Spyros LapatsiorasUniversity of Crete, spirosla@gmail.comJohn MiliosNational Technical University of Athens, john.milios@gmail.com1. The prevailing heterodox approaches to neoliberalism and financializationA crucial aspect of many heterodox approaches to modern capitalism, finacializationand crisis is the idea that the domination of neoliberalism and of …

Global finance as capital rule. The “creative” role of the ECB

Determination-in-the-last-instance in the economy

In one of the few passages of Laruelle on economics it says: „We distinguish exchangeability or translation as encompassed within a general element which is necessarily philosophical in kind or convertibility which regulates this exchange, from unilateral translation or translation …

Determination-in-the-last-instance in the economy

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