Barbarism of Labour
And labor is everywhere, at all times. When oppression is absolute, there is no more leisure, no more “free time. Sleep is supervised. The meaning of work is then the destruction of work at and through work. But if, as …
marxism
World Power
Some of these ways are obvious, for example, using military power to force another country to submit. Many are not, especially those that are linked into the system that envelops the world economy. Five dimensions of international power can be …
Global finance as capital rule. The “creative” role of the ECB
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
Creative Industries, Value Theory and Michael Heinrich’s New Reading of Marx
This article utilises the new reading of Marx found in the work of Michael Heinrich to ana-lyse the creative industries. It considers the role played in the production of value by the labour that takes place in the sphere of …
Creative Industries, Value Theory and Michael Heinrich’s New Reading of Marx
The distinction between financial and real capital
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 Capital As Power Approach
An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan The CasP approach is radically different from conventional political economy. In the conventional view, mainstream as well as heterodox, capital is seen a ‘real’ economic entity engaged in the production of …
From the commodity to the spectacle: Debord’s Marx
Published a century after Marx’s Capital, Guy Debord’s The Society of the Spectacle was described upon its release as ‘the Capital of the new generation’ (Le Nouvel Observateur). However, the book’s content has almost never been seriously examined alongside the …
Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class
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
Formalism of materialist reason
Marx’s study of the species being of humanity institutes itself as a science thatdeals with value production and the relation of value to material reality. Thisis obviously a metaphysical question, but the suggested approach is scientific.Therefore, the science to be …
A General Theory of Value and Money (Part 1: Foundations of an Axiomatic Theory)
This article sets out the foundatons of an axiomatc theory of value and money. Its purpose is to equip the public to explain the four facts that define the modern capitalist economy: the long-term post-war decline of the economies of …
A General Theory of Value and Money (Part 1: Foundations of an Axiomatic Theory)
Once again on the Composition of the International Working Class
Some additional information which confirm the shift away from the old imperialist countries towards the South as well as China Article (with 3 Graphs) by Michael Pröbsting, International Secretary of the Revolutionary Communist International Tendency (RCIT), 10 March 2020, www.thecommunists.net …
Once again on the Composition of the International Working Class