This article seeks to contribute to the existing critical debates on money and debt by advancing three main arguments. First, largely due to such debates’ tendency for description, the article argues that in in the heterodox literature on money and […]
Capitalized money, austerity and the math of capitalism
… 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
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
Many of the catchy testimonies of critical sociologists, ranging from Richard Sennett to Elena Esposito, are that the future is always some distance from the present, protected from the here and now and not as an economic resource in the
SPECULATIVE TIME, DEBT AND CLASS POLITICS
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
In his book Data Trash (1993), Arthur Kroker writes that in the field of digital acceleration, more information means less meaning, because meaning slows info circulation. In the sphere of the digital economy, the faster information circulates, the faster value
Accelerating Capital: Completed Nihilism and The Indebted Man
Ich stelle hier erstmals die Einleitung zu den im Laika Verlag erschienenen Bänden “Kapitalisierung Bd. 1 – Marx’ Non-Ökonomie” und “Kapitalisierung Bd. II – Non-Ökonomie des gegenwärtigen Kapitalismus” zur Verfügung. Hier das pdf: Einleitung von LaikaTheorie43 Innen Druck-2