1 Paper presented at the Conference “Rileggere IlCapitale: La lezione di Louis Althusser”, organized by the Department of Historical Studies of the University Ca’ Foscari, November 9-11, 2006, Venice, Italy. 1. Althusser’s legacy: Capital as change of “object, theory and …
Capital after Louis Althusser. Focusing on Value-Form Analysis1
1) Economic quantities are changeable in time precisely because money, as a so-called transcendental signifier for capital, possesses the quality of a pure quantity, with which money is released from actual acts of exchange and thus, as a monetary sign, …
If I were asked to characterize the present state of affairs, I would describe it as ‚after the orgy‘ . The orgy in question was the moment when modernity exploded upon us, the moment of liberation in every sphere. Political …
For Baudrillard, the attacks on the World Trade Center were the first and the last symbolic event of global significance. With the World Trade Center, terrorism destroyed the center of Western imperialism that existed worldwide. The terrorist events thereafter have …
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 …
In 2012, global CO2 emissions were 58% higher than in 1990, causing, among other things, hurricanes to become stronger due to higher temperatures in ocean catchments and Arctic ecosystems to reach a number of tipping points. The limit at which …
Moreover, this chapter argues that while MMT has its virtues, it too misses two very important aspects of capitalism: (1) why there is a constant aggregate demand problem in a capitalist economy and; (2) that the majority of new money creation …
Covid 19 and the Global Political Economy: Crises in the 21st Century
After the folding of the last period of mass labour mobilisation – the post-war Fordist boom – capitalism entered its terminal crisis, where fictitious money is increasingly dissociated from labour-mediated value. Already in the 1980s, the irreversible erosion of capital’s labour-substance, triggered by …
PAUSE FOR THOUGHT: MONEY WITHOUT VALUE IN A RAPIDLY DISINTEGRATING WORLD
Growth forecasts are gloomy for the global economy. The Ifo Institute lowered its forecast for the FRG for this year from 3.3 to 2.5 per cent, while the International Monetary Fund (IMF) has lowered the growth for the gross national …
The Marxian notion of Value is a complex theoretical construct: READ HERE ,
Immortality This note offers some speculative ideas worth considering. One of the key features of all hierarchical civilizations is their rulers’ fear of death. This fear was famously narrated in the ancient myth of Gilgamesh – the Sumerian king who …
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