EconoFiction, Necropolitics

Stock market falls and fascism

6 Feb , 2018  

As the Dow plummeted in the previous week, the far Right in the US has leaned in to ‘Jewish banker’ conspiracy theories. By that view, Goldman Sachs is sabotaging Making America Great Again. Some on the Left have echoed the understanding of stock markets and finance that this encapsulates.

This ...

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EconoFiction

After Brexit and Donald Trump: Is Nationalism challenging Neoliberalism?

29 Jan , 2018  

Dear friends and comrades,
I will argue that the return of statist and nationalist policies does not actually mean that Neoliberalism is being challenged. Neoliberalism is a form of capitalist goverrnmentality, a form of organizing the power of capital over the working classes and the social majority. It is based ...

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EconoFiction

Are We Heading for Another Economic Crash?

23 Jan , 2018  

The short answer is yes. However, the big question has to do with timing and how the crash will be experienced and by whom. Typically, an economic crash means that the value of owned income-generating assets like stocks (shares in companies) are radically devalued. For instance, at the height of ...

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Documentation, EconoFiction

On the Character of Marxian Theory, “Ricardian Marxism” and the Role of F. Engels

21 Jan , 2018  

Exposition of the basic points of the Marxist theory of value and its ideological implications, of money (Parts I and II), of social capital and of crises (Parts III and IV) makes it clear that the theoretical analysis (the system of concepts and their logical implications) in question is not ...

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EconoFiction

Marx’s theory, the crisis and the abolition of capitalism

16 Jan , 2018  

In this 2010 interview, Robert Kurz discusses Marx’s theory of crisis, the theories of “collapse” advocated by a minority of Marxists (Luxemburg, Grossman, Mattick) in the early 1900s, the implications of the “third industrial revolution of microelectronics” for capitalist accumulation, Moishe Postone’s analysis of the crisis of abstract labor, “anti-industrialism”

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EconoFiction

ON MARX’S CRISIS THEORY IN THE ORIGINAL MANUSCRIPT OF THE 3RD VOLUME OF CAPITAL

12 Jan , 2018  

The notion of capital overaccumulation, as constructed by Marx in Volume 3 of Capital on the basis of his “preliminary definition” of “absolute overproduction”, is considered in this paper as the key element of Marx’s crisis theory. Following what the author considers as the logic of Marx’s analysis, the paper ...

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EconoFiction

The ‘Greek Crisis’ and the Austerity Controversy in Europe

22 Nov , 2017  

John G. Milios, Spyros Lapatsioras and Dimitris P. Sotiropoulos
Extreme austerity policies implemented by Greek and European governments after the outbreak of the 2008 global economic crisis constitute neither a ‘correct’ strategy for economic reform and development nor an ‘erroneous’ strategy, which could be amended through reasonable argumentation and discussion.
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EconoFiction, GenericScience, Lexicon, NonPolitics, PhiloFiction

FORS and the new Global Wealth Report 2017

16 Nov , 2017  

The new Global Wealth Report 2017 is out. It says there is 280 trillion dollar global wealth and that there will be 341 trillion dollar by 2022.

As always, you have to consider a few things: Some countries are missing in the stats, it’s only the wealth of adults and ...

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EconoFiction

Crisis and Sequels: capitalism and the new economic turmoil since 2007

13 Sep , 2017  

Like every crisis, 2008’s surprised. Some of us failed to see how turmoil originating in finance, and apparently in a limited area of finance to do with the US housing market, could have such great impact on factories and offices which were not booming, but still jogging along with tidy ...

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EconoFiction

Uncertain Futures (extract)

21 Mrz , 2017  

Uncertain Futures: An Assessment of the Conditions of the Present provides a detailed look into the economic and political conditions of our present moment from a Marxist perspective. Key aspects of Marxist economic theory are illustrated in clear ways in order to provide an easy introduction to Marxist thought and ...

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EconoFiction

Derivatives and Capitalist Markets: The Speculative Heart of Capital

20 Feb , 2017  

… Conclusions

The growth of derivatives-trading in the past decade or so was facilitated by changes in government-regulation. But the fundamental reasons why derivatives-trading exploded have more to do with the attempts by banks, finance-companies and corporations to boost their flagging profitability and revenues. ‘Financial innovation’ was an easier way ...

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EconoFiction

Can Capitalists Afford a Trumped Recovery?

30 Jan , 2017  

ABSTRACT: The presidential election of Donald Trump has rekindled hopes for a U.S. recovery. The new president promises to ‘make America great again’, partly by creating many millions of new jobs for U.S. workers, and judging by the rising stock market, capitalists seem to love his narrative. But if Trump ...

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Lexicon, NonPolitics

The Modality of Necessity: On Clover’s Riot. Strike. Riot

12 Jul , 2016  

The reference in the title Riot. Strike. Riot will be abundantly clear to readers of Marx. It is reference to the formulas that open volume one of Capital, C-M-C and more importantly M-C-M’ or Money. Commodity. Money Prime. It is the latter which provides the book’s structuring formulation, even if

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Biopolitics, Necropolitics

Rechtspopulismus. Vorschlag für einen kleinen Perspektivwechsel

24 Mrz , 2016  

Lassen wir uns, für einen Augenblick, nicht den so fundamental verengten Blick auf die „Flüchtlingsfrage“ von der Rechten aufzwingen, sondern versuchen, auch wenn es schwer fällt, einen weiteren, distanzierteren Blick auf das Geschehen in Europa und anderswo zu gewinnen.

Die Flüchtlingsfrage ist für die rechtspopulistische Strategie ein idealer Ansatzpunkt zur ...

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EconoFiction

Marxist theory, financial system and crisis of 2008

22 Mrz , 2016  

Marxist theory, financial system and crisis of 2008
S. Lapatsioras, D.P. Sotiropoulos and J. Milios

 

Abstract:
Returning to Marx’s analysis in the third volume of Capital we shall endeavour to outline a Marxist interpretation of contemporary capitalism, contemporary financialization and the crisis of 2008. Crucial in this connection are ...

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