We present ht here, in three parts, a preliminary report on the book Speculative Capital, which contains the first comprehensive study of a new form of capital that dominates the economies of the 21st century. Throughout this report, we refer …
Speculative Capital in the context of LiPumas theory of Speculation And CIrculatory Capital
Some Notes on Housing Markets in China, and What This Tells Us About Wider Economic Realities taken from here Context of a Crisis With the impending collapse of housing conglomerate Evergrande, focus has been placed on the housing market in …
Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class, by D. Bryan and M. Rafferty, New York: Palgrave-MacMillan 2006. $ 85; pp. viii, 236 The book is a vitally interesting and innovative approach to finance, focusing on …
Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class
As some of you may know, I recently became the editor of the Review of Capital as Power (RECASP), a journal that publishes research on the power underpinnings of capitalism. Each year, RECASP hosts an essay competition. I’m proud to …
In Marx’s time, the proletarian potential for resistance did not arise primarily, as some Marxists still like to wish, from the struggle against the commodity form, but rather it was the techno-economic conditions of the transition from wood to coal …
Deleuze/Guattari ask us to apply at least three models of thought to the theoretical analysis of economics by tracing the image of the flow that they see each model articulating. Only the third, the molecular-performative model, properly stages the force-of-thought. …
But while some claim that there is nothing new under the sun, in an interesting turn of events over the last few day of January 2021, some hedge fund managers on Wall Street became the ‘unusual suckers’, losing billions of …
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
… As I argue in an article that was recently published in Economy & Society, states can potentially exercise a considerable degree of control over financialization, thereby shaping its very form. What we can hence observe is a ‘financialization with …
John Milios/ Dimitris P. Sotiropoulos A crucial aspect of nearly all contemporary approaches to imperialism is the idea that the domination of neoliberalism and of the globalized financial sector of the economy produces a predatory version of capitalism, a capitalism …
Wenn die Autoren auf frühere Ökonomen zu sprechen kommen, die sich mit den Konzepten der Assetization bzw. Kapitalisierung auseinandergesetzt haben, dann zuerst auf den von Bichler/Nitzan geschätzten Thorstein Veblen, für den das Asset ein monetäre Konzept ist, das mit Eigentum …
In the case of derivatives, it is always also a matter of a differentiality that is shifted and shifted in time, whereby one can paraphrase this with Derrida’s stratagem of „différance“, which he presented in his writing Marginalities of Philosophy. …
Derivative and difference. On the stratagem of différance in Derrida