In the course of the industrial use of electricity and the emergence of new communication and transport technologies and routes (including their partial nationalization), the gradual process of the dissolution of the classical machinery of the industrial age, or at …
In the North, on the first front, the Kurdish region, the PYD/YPG forces have seized the historic opportunity to gain an independent region. A second front is the vast area stretching from Syria to Iraq, held by the Islamic State …
What if Virilio’s compelling rendering of integral accidents – as “chain reactions” of “incidents and disasters” – is turned inside out, into the heart of capitalism’s much-vaunted capacity for so-called innovation? Integral accidents issue from capitalism’s specific integration of power, …
Cui bono? For whose benefit? Think of this question as a sword — a sharp piece of steel that cuts through bullshit. In this post, we’ll use it to slice through business-press bullshit about the stock market. You know the …
In ABC, Deleuze says: “Listen, this respect for the ‘rights of man’ – it really makes me want to make almost abhorrent statements. It belongs so much to the weak thinking of the empty intellectual period we were talking about …
As we have already indicated in Capitalization vol. 2 (Szepanski 2014b), the Greek economist John Milios has offered an important approach to a precise conceptual determination of the contemporary capital relation with his monetary theory of value, based on the …
In the hustle and bustle of climate scholarship it’s easy to lose sight of something fundamental about the climate crisis: it’s the direct outcome of the bourgeoisie’s drive to turn all life into profit-making opportunities. The climate crisis is a …
Power, Profit and Prometheanism, Part II: Superexploitation in the Web of Life
In the next section, Meister tries to develop tools by which justice-seeking movements could extract amounts of money to, in turn, generate liquidity for themselves, something that governments, hardly interested in justice, are unlikely to want to do. Thus, movements …
Robert Meister’s book „Justice is an Option“ (5) – A Revaluation of the Financial Markets
Robert Meisters Buch trägt den Untertitel “Eine demokratische Theorie der Finanzen für das 21 Jahrhundert.” Auf den ersten Blick sind in dem Titel zwei verschiedene Themen enthalten: Justiz und Demokratie auf der einen Seite, Finanzen und Finanzmärkte auf der anderen …
Smith charges Harvey and Brenner, among others, with underestimating that the “highly competitive low-cost producers” (Brenner) was a result of the drive of firms in the imperialist economies to cut costs by replacing relatively expensive domestic labor with cheap labor …
It is not the problem around the transfer of value or the reproduction of the value portion of fixed capital that Marazzi deals with in his essay The Amortization of the Body-Machine (Marazzi 2012: 35ff. ) (according to which constant …
In financial markets, asset pricing is a specific historical mode of pricing out options to then convert those options into cash. Pricing out an option in the form of a guarantee in order to sell it at its current price …
Robert Meister’s book „Justice is an Option“ (3) – A Revaluation of the Financial Markets