dominant capital

Dominant capital is much more powerful than you think

According to the theory of capital as power (CasP), capitalists and corporations are driven not to maximize profit, but to “beat the average”. Their yardstick is not an unmeasurable theoretical abstraction, but the readily observable performance of others. Their aim …

Dominant capital is much more powerful than you think

The CasP Project: Past, Present, Future

The capitalization ritual consists of discounting riskadjusted expected futur e earnings to their present value. The  reduction involves fourelementary particles: (1) future earnings, (2) investors’ hype regarding these earnings, ( 3) risk perceptions associated with earnings  estimates and (4) the …

The CasP Project: Past, Present, Future

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