EconoFiction

The law of the tendentious fall of the general rate of profit in capital Bd.3

20 Jan , 2020  

In the opinion of Georgios Stamatis, Marx, in presenting the law of the tendentious case of the general rate of profit, equates value and price, among other things, in order to disregard the effect of the so-called Wicksell effects (including the observation of the relationship between the rate of profit ...

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EconoFiction

The concept of capital at Deleuze/Guattari or the anarchy of machines

19 Jan , 2020  

The flow of subjective labor and the flow of objective capital. At the point in time, more precisely, in the passage of time (which has extended over longer historical periods), in which per se contingent encounters (those of the flows of money capital and labour) have “taken hold” (Althusser), as ...

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NonPolitics

Only us: Ecology-against-the-State

14 Jan , 2020  

“We, and no one else.” – There is an overwhelming scene in Todd Haynes’ latest film, Dark Waters (2019), which shows how toxic chemicals used in the production of Teflon were spilled into the Ohio River. The lawyer, who went from being on the side of the multinationals to that ...

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EconoFiction

Marx and the ecstatic labor force

14 Jan , 2020  

Quite in contrast to mechanics, which defines the concept of force as the result of mutually canceling forces in their relationship to each other, Marx also seems to have always been intent, in his critique of political economy, on breaking the beautiful appearance of the balance and stability of the ...

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EconoFiction

The Time Modalities of Capital and Postone’s Misinterpretation

7 Dez , 2019  

One should by no means identify the abstract time of capital with a linear and homogeneous order of time, in which, in a continuous flow of time running ahead on the time stream, each time stage simultaneously excludes the other (past – present – future), ergo with a linear time, ...

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EconoFiction

How Marxism today has to read Capital and how it has to analyze the current capital relations.

3 Dez , 2019  

Even for Marx, an important consequence of extracting added value in the production of goods is that the added value is transformed into what we now call an asset. In this context, the asset is a means of preserving added value on the one hand and of accumulating it on ...

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EconoFiction

The Marxist concept of capital

29 Nov , 2019  

Dirk Baecker writes in a current article: “Capital too must not be thought in singular terms, but in plural terms”. If he then immediately jumps to the competition, he follows a trail without being able to represent and explain connections. The miracle formula is called: Singular=Plural. We will show that ...

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EconoFiction

The esoteric Marx: relative surplus value, capital, finance

26 Nov , 2019  

Marx has assigned the financial instruments exclusively to the sphere of circulation and analysed their function separately from the functioning of the technologies or physical means of production, which preserve the past wealth and at the same time enable a future demand for goods produced. In Marx’s case, when it ...

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EconoFiction

Global Order and Imperialism

24 Nov , 2019  

The fact that struggles for reproductive conditions or circulation struggles are increasing again worldwide at the moment is no coincidence. In France in particular, they are increasing in intensity from week to week with the Yellow West. The shifts are easy to understand there, the radicalism of the Riots, the ...

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EconoFiction

The miraculous Credit Creation of Private Banks

12 Nov , 2019  

As early as 400 years ago, English goldsmiths began to create paper money by administering their customers’ gold coins and issuing a kind of certificate on them (indicating the amount of gold they had stored) and then lending it as quasi-money, without any further savings being made. Since it rarely ...

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EconoFiction

The capital – from the nihilistic operator to the suicidal fascist

11 Nov , 2019  

Lyotard writes that capital is a pseudo-organism that is not even able to formulate a discourse that establishes its own truth, since it has no metaphysics to explain and justify its existence. The statement made by the Invisible Committee that we live in a world without justification has been true ...

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EconoFiction

Kojin Karatani and the Historotranscendental Logic of Capital

7 Nov , 2019  

If one wants to follow the Japanese philosopher Kojin Karatani, Marx has posed the problem of the value form and value in the course of the theoretical treatment of the antinomy of intrinsic value and value relativism. (Cf. Karatani 2003) For Marx, this problem presented itself as follows with regard ...

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EconoFiction

Nick Dyer-Withefords Cyber-Proletariat. Accumulation of Capital, Cybernetics and proletarian class.

25 Okt , 2019  

Cybernetics and Class
Why speak of a global proletariat in the context of cybernetic capital? The term “cybernetics” has two meanings. The first is the school of thought that developed its theories for the British and American military in the 1930s through experiments in radar technology, ballistics and the construction ...

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EconoFiction

The Global World Order

17 Okt , 2019  

The fact that struggles for reproductive conditions or circulation struggles are increasing again worldwide at the moment is no coincidence. In France in particular, they are increasing in intensity from week to week with the Yellow West. The shifts are easy to understand there, the radicalism of the Riots, the ...

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EconoFiction, Mashines

Money Robots

16 Okt , 2019  

Money robots are actually nothing more than complex algorithms that analyze and process data and are also able to learn from feedback and results. Former MEP Martin Ehrenhauser has published an informative book on this subject. The book “Die Geldroboter”, published by ProMedia-Verlag, deals with the function and effectiveness of ...

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EconoFiction

Financial Capital Globalization as Capital Discipline and the Socialist Alternative

10 Okt , 2019  

John Milios National Technical University of Athens, john.milios@gmail.com

Dimitris P. Sotiropoulos The Open University Business School, UK, d.p.sotiropoulos@gmail.com

1. Globalization, financialization, crisis

The current financial crisis of capitalism is without precedent in the post-war period. Regarding the crisis, recent heterodox literature is dominated by a single and persistent argument. The ...

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EconoFiction, Mashines

Do Androids Dream of Surplus Value?

8 Okt , 2019  

Androids, if they were to come into existence, would be the outcome of scientific and engineering ingenuity and thus be products of past living labour. Although the androids might be Turing-compatible, Voight-Kammpf cheating and Asimov-law abiding, they would be dead labour. Indeed as outcomes of a capitalist production process they ...

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EconoFiction

Finance and Reproduction of Capital

28 Sep , 2019  

Here we examine the ratio of financial capital (finance) to the reproduction of capital. In Section A, we clarify the concept of extended reproduction with particular reference to the concept of circulation. Section B deals mainly with the previously neglected relationship between finance and capitalist production. In a further section, ...

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EconoFiction, PhiloFiction

Laruelle and Capital

25 Sep , 2019  

Each statement of non-Marxism aims at a double methodization, either as axiom or as theorem, the latter remaining entirely related to the Marxist material, which is always different symptomatologies. The specific operations of non-Marxism should also produce new theoretical objects, be they specified circumstances or concepts such as “non-proletariat” or ...

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Documentation

The miraculous credit creation of private banks

25 Sep , 2019  

As early as 400 years ago, English goldsmiths began to create paper money by administering their customers’ gold coins and issuing a kind of certificate on them (indicating the amount of gold they had stored) and then lending it as quasi-money, without any further savings being made. Since it rarely ...

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EconoFiction

Capital and Total Capital: The Quasi-Transcendental and the Actualisation- Virtualization Interconnection

24 Sep , 2019  

For a further explanation of the concept of capital we refer to the French philosopher François Laruelle, who in his conception of non-philosophy, when he speaks of “unilateral duality”, first generally assumes that two or more terms and their relations are always determined by one term. This is the principle ...

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EconoFiction

Gilbert Simondon, High Frequency Trading and Ecotechnology

23 Sep , 2019  

If one follows the theory about technical objects as developed by the French theorist Gilbert Simondon (Simondon 2012), and then the statements of Frédéric Neyrat in the anthology Die technologische Bedingung (Hörl 2011), the task for today’s hypertechnized societies is to fundamentally rethink the identity of nature and technology (there ...

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EconoFiction

24/7 Capital

22 Sep , 2019  

The rhythms of life, the ups and downs of nature and everyday life must disappear in this world; for the weakness and inadequacy of human time, its diffuse and intertwined structures”, writes Jonathan Cray, “there is no place left in the present global digital 24-7 system. The 24/7 mode has ...

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