his is an update of the statistics for my Index of Power, using data for 2018-19 and discussing what a country’s ranking reflects. The major change is that China’s rank has shifted up and it has now taken the UK’s […]
Index of Power Update, 2018-19: China #2
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
What becomes of class when residential property prices in major cities around the world accrue more income in a year than the average wage worker? This paper investigates the dynamic of combined wage disinflation and asset price inflation as a
Class in the 21st century: Asset inflation and the new logic of inequality
Deleuze/Guattari invite us to apply at least three models of thought to the theoretical analysis of economics, by tracing the image of the current that, in their view, articulates each model. It is only the third, the molecular-performative model, that
Deleuze/Guattari and quantum finance
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
Laruelle, the myths of and about Marxism
taken from here This article is the result of recent discussions with protesters and left-wing activists in Hong Kong. It gives a short overview of the escalated confrontation and argues that the broad ignorance of the global left is a
Out of Control – Hong Kong’s Rebellious Movement and the Left
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
Capital and Power in the 21st Century (Extract)
If one follows the theory about technical objects as developed by the French theorist Gilbert Simondon (Simondon 2012), and then the statements of Frédéric Neyrat in the anthology Die technologische Bedingung (The Technological Condition, Hörl 2011), it is necessary for
The Trans Classical Machine (G. Anders, H.D. Bahr, F. Neyrat, G. Simondon)
ABSTRACT Neoliberalism and austerity are not ‘false policies’, but strategies of increasing profits by reducing labor and welfare costs. In the process of dismantling labor rights and the welfare state, a part of the population is being marginalized. It becomes
Transcending the nation: a communist strategy in the era ofglobalization. A reply to Velissariou
Laruelle calls for a Marxist gnosis in his essay Marx with Planck and consequently calls himself not a Marxist, but a future-oriented Marxist in search of an aleatoric teleology that has no connection with what Marxist philosophy has hitherto set
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
Speculative Capital in the 21th Century
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