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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
capital, class composition, class struggle, cybernetics, imperialism, logistics, marx, marxism, vortex
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 ...
capital, china, finance, imperialism, World Economy, world market
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 ...
capital, derivatives, high-frequency-trading, money, money robots
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 ...
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 ...
Artificial Intelligence, capital, machine, machinic surplus value, marxism
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, ...
assets, capital, derivatives, finance, marxism, money, reproduction
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 ...
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 ...
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 ...
actualisation, capital, featured, finance, laruelle, marxism, total capital, virtualisation
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 ...
capital, high-frequency-trading, machines, Simondon, Stock Market, technology
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 ...
24/7-Takt, capital, capitalization, circulation, dream, time
Lisa Adkins, Melinda Cooper, Martijn Konings
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. ...
asset inflation, capital, class, derivatives, inequality, marxism
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 ...
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 ...
capital, capitalist china, hongkong, marxism, mass movement, Riot
