Spyros LapatsiorasUniversity of Crete, spirosla@gmail.comJohn MiliosNational Technical University of Athens, john.milios@gmail.com1. The prevailing heterodox approaches to neoliberalism and financializationA crucial aspect of many heterodox approaches to modern capitalism, finacializationand crisis is the idea that the domination of neoliberalism and of […]
Global finance as capital rule. The “creative” role of the ECB
On August 16, 2021 President Biden addressed the nation to explain why the US military is pulling out of Afghanistan. To a lesser extent, he also tried to explain why the Afghan government and its 300,000 military forces imploded over
Afghanistan & the American Imperial Project
Maurizio Lazzarato spricht in seinem neuen Buch „Capital hates Everyone“ von apokalyptischen” Zeiten und der asymmetrischen Alternative “Faschismus oder Revolution”, asymmetrisch, insofern die Fakten von neofaschistischen, sexistischen, rassistischen Kräfte geschaffen würden und der revolutionäre Bruch im Moment allenfalls eine Hypothese
Bemerkungen zu Lazzaratos “Capital hates Everyone” (1)
In one of the few passages of Laruelle on economics it says: “We distinguish exchangeability or translation as encompassed within a general element which is necessarily philosophical in kind or convertibility which regulates this exchange, from unilateral translation or translation
Determination-in-the-last-instance in the economy
With money, one can potentially trade all objects, products and relations of an economy as commodities, as purchasable objects, while conversely commodities are produced exclusively in order to turn them into money. Because of this ubiquitous function of money alone,
The distinction between financial and real capital
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
Colin Harrison writes about power in present-day capitalism. His thrillers intersect and fuse finance, crime and ruthless violence. They are technically precise, written with panache and make you eager to turn the page. Of course, Harrison is hardly the first
There’s something mysterious about finance. The symbols are arcane. The math is complex. The practitioners are impressively educated. And the stakes are high. All of this gives finance the veneer of higher truth — as if quants are uncovering a
This paper aims to articulate an “encounter” between operaismo (Wright, 2017 – in English literally “workerism”, but often referred to as “Autonomist Marxism”, from now on AM, highlighting a horizon of worker autonomy from capital) and World-Ecology (Moore, 2015a –
Autonomist Marxism and World-Ecology: For a Political Theory of the Ecological Crisis
Introduction The wealth of societies in which the capitalist mode of production prevails appears as an immense collection of commodities assets. — paraphrasing Karl Marx The mirages revolt The financial meltdown of 2008 presented an opportunity to examine certain fundamental
From Commodities to Assets / Capital as Power and the Ontology of Finance
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 der Mitte des 20. Jahrhunderts bestand das Problem der Finanzierung größerer Gerechtigkeit in der Verfolgung einer umverteilenden Steuerpolitik und wachsenden Staatsausgaben. Der öffentliche Sektor war derjenige, der soziale Güter produzierte und konsumierte. Selbst für Ökonomen wie Friedman war es
ZU Robert meisters neuem Buch “Justice is an Option” (6) – Eine Umwertung der Finanzmärkte