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 […]
Jesús Suaste Cherizola Wins the 2021 CASP Essay Prize
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
Derivative communism or barbarism
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.
Deleuze/Guattari and Quantum Finance
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
GameStop Capitalism Wall Street vs. The Reddit Rally (1)
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
Financialization:Market Discipline or Capital Discipline?
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
Lisa Adkins and Martijn Konings Following the 2007/08 financial crisis the creation of a less unequal and fairer world appeared to be a major prospect. As is by now all too familiar, after the financial crisis, instead of becoming more
COVID Life and the Asset Economy
Even those persons paralyzed by anxiety over their lack of knowledge of financial economics will intuitively grasp that uncertainty pervades an attempt to ascertain what will have been the value of an asset in the future, relative to its subsequent past
What Black-Scholes-Merton means to a speculative materialist
Karl Marx is not a proponent of classical value theory as labour expended. Marx developed in Capital and his other mature economic writings a monetary theory of value and capital.2 He analysed value as an expression of relations exclusively characteristic
Value, Fictitious Capital and Finance. The Timeless of Karl Marx’s Capital