Even for Marx, an important consequence of extracting added value in the production of goods is that the added value is transformed into what we now call an asset. In this context, the asset is a means of preserving added value on the one hand and of accumulating it on ...
Dirk Baecker writes in a current article: “Capital too must not be thought in singular terms, but in plural terms”. If he then immediately jumps to the competition, he follows a trail without being able to represent and explain connections. The miracle formula is called: Singular=Plural. We will show that ...
Interview with Autonomie Magazin and Achim Szepanski
Achim, you published three books in 2018 alone. The Introduction to Economics “Capital and Power in the 21st Century”, a book with three essays on “Imperialism, State Fascisation and the War Machines of Capital” and, together with Karl-Heinz Dellwo and J. Paul Weiler, ...
Marx has assigned the financial instruments exclusively to the sphere of circulation and analysed their function separately from the functioning of the technologies or physical means of production, which preserve the past wealth and at the same time enable a future demand for goods produced. In Marx’s case, when it ...
As a pure form of the “alienation of the capital relationship”, as Marx writes, money and capital markets emerge, which today confirm day by day that credit money, government bonds and synthetic securities as fictitious or speculative capital determine the economy in the last instance. And when Vilém Flusser writes ...
If one wants to follow the Japanese philosopher Kojin Karatani, Marx has posed the problem of the value form and value in the course of the theoretical treatment of the antinomy of intrinsic value and value relativism. (Cf. Karatani 2003) For Marx, this problem presented itself as follows with regard ...
Cybernetics and Class
Why speak of a global proletariat in the context of cybernetic capital? The term “cybernetics” has two meanings. The first is the school of thought that developed its theories for the British and American military in the 1930s through experiments in radar technology, ballistics and the construction ...
capital, class composition, class struggle, cybernetics, imperialism, logistics, marx, marxism, vortex
The actualization of value depends on material, symbolic money, which as the counterpart of value – counterpart, insofar as money nourishes the illusion of being able to give crisisless form to the potentially infinite of exploitation – affirms and actualizes its assertiveness in the price form. To this end, it ...
Not the problem of the transfer of the value or the reproduction of the value share of the fixed capital, which Marazzi described in his essay The Amortization of the Body Machine (Marazzi 2012: 35ff.) (according to which the constant capital is produced twice through the operation of transmission), the ...
machinic surplus value, marx, marxism, productivity, surplus value
With the reference to the phylogeny of machines, which ranges from complex tools to machines driven by motors to automatons, Marx always combines a genealogy of technology shaped by capital and thus clearly sets himself apart from a transhistorical theory of the evolution of technology. Marx writes: “Work is organized ...
engine, factory, machine, marx, marxism, organic composition of capital, prime mover, relative surplus value
Marx has often spoken of the dwarfish and narrow-minded idea of the German petty bourgeois. Without a doubt, this also applies today to the remaining stocks of German left-wing academics and their Marx reading, as one could see again on the occasion of this year’s Marx Party. There is swaggering, ...
determination in the last instance, infrastructure, marx, marxism, non-laruelle, non-marxism
The world economy is currently in a phase of secular stagnation with persistently low growth rates of the real gross domestic product.1 The litanies of boundless economic growth that the representatives of capital and the imperialist states repeatedly prayed to the populations after the Second World War have literally come ...
capital, derivatives, economy, imperialism, marx, marxism, money, power
1) The derivative is not something you hold in your hands like a book. It is essentially relational, but rather, it is a relation of relations. First, it is about the volatility of the derivative in relation to the volatility of the underlying. The decisive factor in the replication of ...
derivatives, marx, marxism, money endogenity, speculative capital
In the first logistical statements in Capital, Marx writes that because commodities are things they “cannot themselves go to market and perform exchanges in their own right,” (1976:178) its guardians must lend them feet to move, and on the market “his tongue… to communicate their prices” (1976:189). Human feet, however, ...
Circulation is a concept and category Marx uses to analyze capital as a process in addition to or, rather than, a relation. Marx’s analysis of the circulation process is challenging, which in part is due to the polysemy of circulation as a concept.
read here ...
capital, circulation, circulation speed, commodity, marx, marxism, money
Spyros Lapatsioras/John Milios/Dimitris P. Sotiropoulos
Financial intermediation is a sui generis service itself and is therefore a productive activity striving for profit maximization, like any other sector of the capitalist economy.
read here ...
Paper presented at “Marx’s Critique of Political Economy and the Global Crisis Today. On the 150th Anniversary of the Publication of Capital”, Hofstra University, April 6-7, 2017.
“Someone once said that it is easier to imagine the end of the world than to imagine the end of capitalism.”
– Frederic ...
AI, machines, marx, marxism, surplus value, technology, value
Das Autorenteam Dyer-Whiteford, Kjösen, Steinhoff hat mit Inhuman Power ein verdienstvolles Buch zur AI (Artificial Intelligence; AI) aus marxistischer Sicht vorgelegt. AI definieren die Autoren als die Fähigkeit in einem bestimmten Zeitraum angemessene Generalisierungen auf Grundlage von limitierten Daten zu machen. Je weiter der Spielraum für Applikationen ist und je ...
AI, ASI, fixeds kapital, lebendige Arbeit, marx, marxism, Technologie, technology
Der Schweizer Soziologe Peter Streckeisen will „das Marx’sche Hauptwerk mit soziologischer Brille so neu lesen, dass es zur Inspirationsquelle einer Kritik an den üblichen Kapitalbegriffen sowie der konzeptuellen Schärfung und Weiterentwicklung soziologischer Kapitaltheorie werden kann“. (S. 14)
Nachdem er vier „Elemente einer soziologischen Lektüre des Kapitals“ (von Marx) vorgetragen ...
Bourdieu, capital, Fetischismus, Kapitaltheorie, marx, marxism
Michel Feher claims in his new book, Rated Agency, that capitalized capitalism, which started in 1970, is akin to a Copernican revolution in that the new regime of capital accumulation no longer focuses on industrial companies based on vertical integration and internal growth, but on this regime both companies as ...
capital, debt, derivatives, marx, marxism, money, speculative capital
Nicht das Problem um die Übertragung des Werts bzw. der Reproduktion des Wertanteils des fixen Kapitals, das Marazzi in seinem Essay Die Amortisation der Körper-Maschine (Marazzi 2012: 35ff.) behandelt (dem zufolge das konstante Kapital durch die Operation der Übertragung zweimal produziert wird), steht hier im Vordergrund, sondern unter anderen Gesichtspunkten ...
capital, differenzielle Akkumulation, featured, marx, marxism, maschineller mehrwert, Maschinen, mehrwert
transcript of a talk for the Radical Philosophy Association’s Fall conference ]
I would like to begin with a passage from Giorgio Agamben’s 1978 essay, ‘Time and History: Critique of the Instant and the Continuum,’ since it will serve to orient the remarks that follow:
Every conception of history is ...
abstract time, Historical Materialism, History of police, marx, marxism, time
Many of the catchy testimonies of critical sociologists, ranging from Richard Sennett to Elena Esposito, are that the future is always some distance from the present, protected from the here and now and not as an economic resource in the world Present in the markets should be traded. The ...
