For a further explanation of the concept of capital, we refer to French philosopher François Laruelle, who, in his conception of non-philosophy, speaks of “unilateral duality”. He generally first assumes that two or more terms and their relations are always […]
The term “quantitative easing” (QE) describes measures taken by central banks, such as the permanent purchase of mostly long-term securities and government bonds, which are held by commercial banks, when interest rates are already at zero and an expansive monetary
The fat years: CentralBanks and The Politics of Quantitative Easing
I think Felix Guattari and I have remained Marxists, in our two different ways, perhaps, but both of us.CONTROL AND BECOMINGGILLES DELEUZE IN CONVERSATION WITH ANTONIO NEGRI The final book Deleuze was working on before his untimely death, ‘Grandeur de
It is evident, when the system is viewed against the backdrop of the logic of financial capital in the context of the U.S. boom-bust-bailout economy alone, that it requires the ad hoc intervention of states and central banks for its
Nick Dyer-Witheford, Bue Rübner Hansen and Emanuele Leonardi Read Part II and Part III QUESTION 1: How do you define degrowth? Nick: Over the last few years the intensifying climate emergency and other ecological crises has stirred a surge of
Endnotes interview with Pavlos Roufos … To undertand this I also think a wider framework is necessary, and I find Daniela Gabor’s work indispensable: rather than pointing towards a return to state-led “fiscal dominance”, Gabor shows that QE should be
In contrast to some Keynesian authors who constantly describe of all sorts of dysfunctions of financialisation, in this book we assume rather that the neoliberal model of financialisation and its austerity policies have proven to be a relatively effective strategy
The Functions of Financial Markets for the Capitalist Economy
Most Marxist discourses understand both technology, the logical discourse around the teleology of accomplished mastery of nature, which turns out to be the decisive orientation for the Western natural sciences, and the technical object, the practical object of the theoretical
The key role of financial markets is to “monitor” the effectiveness of individual capitals, facilitating within enterprises effective exploitation strategies. read here
Value, Fictitious Capital and Finance. The timeliness of Karl Marx’s Capital
A discussion of the law of the tendential fall of the general rate of profit may serve to deepen the problem of progress, growth and crisis of capitalism. First, however, it is necessary to discuss the formal-logical, the conceptual conditions
The movement of the average rate of profit in Marx
What if Virilio’s compelling rendering of integral accidents – as chain reactions” of “incidents and disasters” – is turned inside out, into the heart of capitalism’s much vaunted capacity for “innovation”? Integral accidents issue from capitalism’s specific integration of power, profit and
There is little doubt that, in the last hundred years or so, progress has been made in lifting more people out of extreme poverty (World Bank 2020). Yet, considerable economic inequalities both within and between nations persists and, as recent
Capitalism, Money and Inequality in the World