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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EconoFiction

Class in the 21st century: Asset inflation and the new logic of inequality

16 Sep , 2019  

What becomes of class when residential property prices in major cities around the world accrue more income in a year than the average wage worker? This paper investigates the dynamic of combined wage disinflation and asset price inflation as a key to understanding the growth of inequality in recent decades. ...

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EconoFiction

Barbarism of Employment

11 Sep , 2019  

In principle, fictitious capital always arises when a money owner leaves his money to another person and in return receives a title of ownership (bond, share, etc.) representing the claim to this money and its increase (e.g. in the form of interest or dividends). In this way, the original sum ...

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Documentation

Außer Kontrolle – Hongkongs aufständische Bewegung und die Linke

10 Sep , 2019  

taken from here

Dieser Beitrag ist das Ergebnis jüngster Diskussionen mit Protestierenden und linken Aktivisten in Hongkong. Er gibt einen kurzen Überblick über die eskalierte Konfrontation und behauptet, dass das weitgehende Wegschauen der globalen Linken ein Fehler ist. Die Bewegung fordert trotz ihrer Beschränkungen das rechte Regime der Kommunistischen Partei ...

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Documentation

Out of Control – Hong Kong’s Rebellious Movement and the Left

10 Sep , 2019  

taken from here

This article is the result of recent discussions with protesters and left-wing activists in Hong Kong. It gives a short overview of the escalated confrontation and argues that the broad ignorance of the global left is a mistake. Despite its limitations, the movement constitutes a major challenge ...

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EconoFiction, Necropolitics

Imperialism, State Fascism and the War Machines of Capital (Extract)

10 Sep , 2019  

In this book The Patchwork of Minorities (Lyotard 1977), Lyotard writes that capital is a pseudo-organism which, since it has no metaphysics, is not even able to formulate a discourse that justifies its own truth that could explain and justify its existence. The statement recently made by the Invisible Committee ...

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EconoFiction

Capital and Power in the 21st Century (Extract)

10 Sep , 2019  

The world economy is currently in a phase of secular stagnation with persistently low growth rates of the real gross domestic product.1 The litanies of boundless economic growth that the representatives of capital and the imperialist states repeatedly prayed to the populations after the Second World War have literally come ...

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Necropolitics

The functional psychopath

8 Sep , 2019  

The last man living in the age of posthumanism, a small and apparently tough monster, who not only wants to have everything in his insatiability, but also wants to have it immediately, likes to have his life profit, which is always to be organized, transfigured by the great other as ...

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Mashines

The Trans Classical Machine (G. Anders, H.D. Bahr, F. Neyrat, G. Simondon)

7 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 (The Technological Condition, Hörl 2011), it is necessary for today’s hyper-technical societies to fundamentally rethink the already disturbed identity ...

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EconoFiction

Reading Capital Logistically

27 Aug , 2019  

In the first logistical statements in Capital, Marx writes that because commodities are things they “cannot themselves go to market and perform exchanges in their own right,” (1976:178) its guardians must lend them feet to move, and on the market “his tongue… to communicate their prices” (1976:189). Human feet, however, ...

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EconoFiction

Circulation

21 Aug , 2019  

Circulation is a concept and category Marx uses to analyze capital as a process in addition to or, rather than, a relation. Marx’s analysis of the circulation process is challenging, which in part is due to the polysemy of circulation as a concept.

read here ...

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EconoFiction

What is to be Done?

18 Aug , 2019  

What is to be Done? Plenary speech at the 14th annual conference of the world Association for political economy, winnipeg, 19th July 2019

Alan Freeman

The conference title is ‘Class, State and Nation’. My title is ‘What is to be done?’, a steal from Lenin, but at historical moments like ...

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EconoFiction

Why even do political finance with Deleuze?

13 Aug , 2019  

Any heterodox project is compelled to begin by articulating a problem or set of problems it proposes to address (otherwise why heterodoxically begin at all?). When studying finance at our present moment, the particular problem to which we are alerted is a political economic problem whose particularity Deleuze as a ...

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EconoFiction

Capitalism, financial system and forms of exploitation

9 Aug , 2019  

Spyros Lapatsioras/John Milios/Dimitris P. Sotiropoulos

Financial intermediation is a sui generis service itself and is therefore a productive activity striving for profit maximization, like any other sector of the capitalist economy.

read here ...

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