debt

Credit Creation, Debt and the State with Special Reference to and Critique of Modern Money Theory.

Among other things, we try to establish a connection between the credit creation of private banks (and the central bank), general indebtedness and economic growth under capitalism, and all this with the inclusion of a critique of Modern Money Theory.This …

Credit Creation, Debt and the State with Special Reference to and Critique of Modern Money Theory.

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

Covid ‐ 19 Capitalism, Neoliberal Debt & the Need for Sovereign Money

… If no one borrowed, our capitalist economies would go into severe contraction because the vast majority of our money is created as debt. This is why financial elites were rattled during the global financial crisis: they feared credit would …

Covid ‐ 19 Capitalism, Neoliberal Debt & the Need for Sovereign Money

THE AGE OF SPECULATIVE CAPITAL AND GLOBAL CIRCULATION FIGHTS

Michel Feher claims in his new book, Rated Agency, that capitalized capitalism, which started in 1970, is akin to a Copernican revolution in that the new regime of capital accumulation no longer focuses on industrial companies based on vertical integration and …

THE AGE OF SPECULATIVE CAPITAL AND GLOBAL CIRCULATION FIGHTS

Another Speculation? Michel Feher on Neoliberalism and Resistance

In getting to grips with “neoliberalism”, a recommended first port of call is the published transcripts of Michel Foucault’s 1979 lecture series at the Collège de France titled The Birth of Biopolitics.[i] In those lectures Foucault demonstrated that the foundations …

Another Speculation? Michel Feher on Neoliberalism and Resistance

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