world market

Nation, Imperialism, War. A critique of mainstream theories of imperialism

First, according to Marx’s argument, isolated individual capitals within a social formation, are transformed through competition (and not through the political influence of the state exercised from outside, as, e.g. Hardt and Negri [2000: 304-5] mistakenly maintain), into elements of […]

Nation, Imperialism, War. A critique of mainstream theories of imperialism

The Functions of Financial Markets for the Capitalist Economy

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

Imperialism, State Fascism and the War Machines of Capital (Extract)

In this book The Patchwork of Minorities (Lyotard 1977), Lyotard writes that capital is a pseudo-organism which, since it has no metaphysics, is not even able to formulate a discourse that justifies its own truth that could explain and justify

Imperialism, State Fascism and the War Machines of Capital (Extract)

Trump’s Trade Wars Threaten US Foreign Investment

There is a lot of buzz about Trump’s recently launched trade wars, but much of this buzz misses the point. The key issue here is not foreign trade, but foreign investment. Foreign trade contributes relatively little to US corporate profit.

Trump’s Trade Wars Threaten US Foreign Investment

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