Im Gegensatz zu Smith halten wir den Finanzsektor in der Folge des griechischen Ökonomen John Milios für einen produktiven Sektor. Eine Zwischenposition nimmt Tony Norfield in seinem Buch The City ein, in dem er aufzeigt, dass kapitalistische Unternehmen sui generis […]
Automation. Zu Jason E. Smiths “Smart Machines and Service Work” (4)
Im nächsten Kapitel bezieht sich Smith ausführlich auf den Ökonomen William Baumol, der davon ausgeht, dass die entwickelten industriellen Länder in zwei wichtige ökonomische Sektoren geteilt sind, nämlich in den technologisch progressiven Sektor, dessen Produktionsprozesse Innovationen, hohe Akkumulationsraten und large-scale
Automation. Zu Jason E. Smiths “Smart Machines and Service Work” (3)
… In this context, financial risk is calculated on the basis of particular fetishistic representations of the events and outcomes of class struggle. Risk is the way capitalist agents perceive the future from an ideological point of view. Risk is
Commodity Fetishism vs. Capital Fetishism. Marx’s Reflections and Marxist Interpretations
Corporate power in the United States has risen to unprecedented levels, but the rate at which this power has grown is decelerating. Both facts have important implications for the future of U.S. capitalism. read here
Corporate Power and the Future of U.S. Capitalism
Until the late 2000s, our work focused primarily on why capitalism should be understood as a mode of power. We argued that capital itself is a form of organized power and researched how capitalists sustain, defend and augment their capitalized
The Limits of Capitalized Power: A 2020 U.S. Update
First published in Coils of The Serpent: ISSUE 6 (2020): CONTROL SOCIETIES II: PHILOSOPHY, POLITICS, ECONOMY In his discussion of the transition from the cinema of the movement-image to the cinema of the time-image, Deleuze famously makes way for the
Zones on Trauma: On Deleuze and Control
The interconnection or linking of government and financial capital is written now in academic literature today as the operational-organisational state-financial nexus. (Cf. Malik 2014) This state-financial nexus (the state’s management of the economy by ministries of finance, central banks, informal
The Financial Capital – State Nexus
The History of Accumulation In the previous lecture on what’s been called the ‘esoteric’ Marx, I explored a subterranean current of Marxian thought distinct from the ‘exoteric’ Marx of the workers’ movement. This ‘esoteric’ Marxism, sometimes called value-form theory, finds
Marx After Growth #3 The History of Accumulation
you can order the book here: https://force-inc.org/p/riot-strike-riot Published by Galerie der Abseitigen Künste und NON.Derivate Herausgegeben von Karl-Heinz Dellwo / Achim Szepanski Übersetzung: Richard Bachmann, Dennis Büscher-Ulbrich, Jan Heintz Übersetzungslektorat: J. Paul Weiler Erscheint: Januar 2021 Jahrhunderte lang waren die
Joshua Clover: RIOT. STRIKE. RIOT
THE MISMATCH THESIS: What do economists mean when they talk about “capital accumulation”? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the “financial crisis” of the late
What Do Economists Mean When They Talk About ‘Capital Accumulation’?
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?
If you listen carefully, you can hear Jeff Bezos getting richer. There’s the sound again. Another billion in Bezos’ coffers. Let’s put some numbers to this sound of money. Since 2017, Bezos’ net worth has grown by about $4 million
Stocks Are Up. Wages Are Down. What Does it Mean?