crises

Notes on Anwar Shaikh`s „Capitalism: Competition, Conflict, Crises“

Marxist economist Anwar Shaikh has written a monumental book. His thousand-plus page work Capitalism. Competition, Conflict, Crises is anything but a textbook and presupposes a basic knowledge of neoclassicism, Keynesianism and Marxist theory. It is also enriched with a sophisticated […]

Notes on Anwar Shaikh`s „Capitalism: Competition, Conflict, Crises“

PAUSE FOR THOUGHT: MONEY WITHOUT VALUE IN A RAPIDLY DISINTEGRATING WORLD

After the folding of the last period of mass labour mobilisation – the post-war Fordist boom – capitalism entered its terminal crisis, where fictitious money is increasingly dissociated from labour-mediated value. Already in the 1980s, the irreversible erosion of capital’s labour-substance, triggered by

PAUSE FOR THOUGHT: MONEY WITHOUT VALUE IN A RAPIDLY DISINTEGRATING WORLD

Autonomist Marxism and World-Ecology: For a Political Theory of the Ecological Crisis

This paper aims to articulate an “encounter” between operaismo (Wright, 2017 – in English literally “workerism”, but often referred to as “Autonomist Marxism”, from now on AM, highlighting a horizon of worker autonomy from capital) and World-Ecology (Moore, 2015a –

Autonomist Marxism and World-Ecology: For a Political Theory of the Ecological Crisis

Debt excess, GameStop turbulence, zombie companies and future (Corona) crises

Last week there was short-term turbulence on the stock markets due to the GameStop event. Actually, apart from a few slumps, the price trends on the stock markets have only known one direction in recent years, namely upwards. If, due

Debt excess, GameStop turbulence, zombie companies and future (Corona) crises

The Financial Capital – State Nexus

The interconnection or linking of government and financial capital is written now in academic literature today as the operational-organisational state-financial nexus. (Cf. Malik 2014) This state-financial nexus (the state’s management of the economy by ministries of finance, central banks, informal

The Financial Capital – State Nexus

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

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

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

What Do Economists Mean When They Talk About ‘Capital Accumulation’?

THE MISMATCH THESIS: What do economists mean when they talk about “capital accumulation”? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the “financial crisis” of the late

What Do Economists Mean When They Talk About ‘Capital Accumulation’?

Iran: “There Is an Infinite Amount of Hope… but Not for Us”

An Interview Discussing the Pandemic, Economic Crisis, Repression, and Resistance in Iran All around the world, as the compromises that stabilized capitalism through the 20th century collapse, people are facing increasingly authoritarian measures from governments of all stripes. In this

Iran: “There Is an Infinite Amount of Hope… but Not for Us”

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