Richard D. Wolff (2015): ‘The game is rigged’ The writer is a professor of economics in the New School University in New York City, posts all his work at rdwolff.com and democracyatwork.info. This work is licensed under a Creative Commons … Continue reading Richard D. Wolff: ‘The game is rigged’
by Shimshon Bichler and Jonathan Nitzan The Mismatch Thesis What do economists mean when they talk about ‘capital accumulation’?[1] Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider … Continue reading Capital accumulation: fiction and reality
by Steven Miller Capitalism in the 21st Century is no longer based largely on profits resulting from a real economy productive process, windfall financial gains are acquired through large scale speculative operations, without the occurrence of real economy activity, at the touch of a mouse button. — Michel Chussodovsky There are decisive moments in the history of capitalism when one form of wealth, one kind of property, becomes the most lucrative. The capitalists that control this property often become the dominant sector of the capitalist class and take control of the state, dictating policy to society. Marx writes, “The executive … Continue reading Takeover
by Ross Wolfe Today it is well known that the future has become a thing of the past. Gone are the days when humanity dreamt of a different tomorrow. All that remains of that hope is a distant memory. Indeed, most of what is hoped for these days is no more than some slightly modified version of the present, if not simply the return to a status quo ante — i.e., to a present that only recently became deceased. This is the utopia of normality, evinced by the drive to “get everything running back to normal” (back to the prosperity … Continue reading Memories of the future
by Tim Di Muzio Prologue: The Rule of Threes Lending weight to the popular saying that bad things always come in threes, three events in April of 2010 underscored the level of capitalist civilization’s addiction to carbon energy. On the 3rd of April off the coast of north eastern Australia, the Shen Neng 1, a Chinese owned coal tanker hauling 68,000 tons of coal collided into the Great Barrier Reef – a UNESCO World Heritage Site – at full speed. The impact ripped the ship’s haul, leaked three to four tons of the worst quality fuel oil into one of … Continue reading Petro-market civilization
by Jeff Noonan Human beings are integrally natural and social creatures, dependent upon natural life-support systems for their physical existence and socio-cultural life-development systems for the nurturing and realization of their emotional, cognitive, and practical-creative capacities. Societies whose developmental dynamics become alienated from their natural conditions of existence face inevitable doom. Oblivious to the ways in which their reproductive dynamics undermining the physical foundations of social life, they collapse the very basis upon which their institutions and value systems depend. Let us say that any society which unsustainably converts scarce natural resources into tokens of social power (as, for example, … Continue reading The spiritual crisis of capitalist civilization
Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan I Tim Di Muzio: You argue that the capital as power framework does not offer a general theory of society but an incisive account of how capitalists shape and reshape our … Continue reading The 1%, exploitation and wealth
by P. J. Laska Given the emphasis on imposing hegemony by military means, it is a splendid irony that ‘American Way of Life’ should share its acronym (AWOL) with the military term “Absent Without Leave.” — http://www.laetusinpraesens.org Ronald Reagan in the famous “Morning-in-America” speech that was part of his 1984 re-election campaign took credit for the improvement of the economy since his election in 1980. By 1983 the inflationary spiral of the 70’s had been brought under control by Federal Reserve chairman Paul Volker, who was originally appointed by Carter and then reappointed by Reagan in 1983. Reagan could also … Continue reading Nightfall: Dimming of the dream and search for an alternative
by Richard J. White Running deeply through radical critiques that have emerged across dissident academic, activist and public communities — critiques that have pricked the mainstream consciousness through their repeated denouncement of both the legitimacy and the desirability of the current orthodox economic and political system — is the spirit of Ya Basta! (‘Enough! Now for something else!’). As Wight (2012: 161) argued: One thing is clear, irrespective of how it will all end, the Arab Spring, looting in London, riots in Greece, wars across the Middle East and beyond, the Global Financial Crisis (GFC), and the Occupy Movement are … Continue reading Towards a post-Occupy world
by Jeff Shantz Anarchist academic David Graeber devotes the first section of his book Fragments of an Anarchist Anthropology to his attempt to answer the question, “Why are there so few anarchists in the academy?” For Graeber this is a pressing question given the veritable explosion of anarchist theory and lively debates over anarchism outside of the academy, especially within the numerous social movements which have emerged recently. Despite the blossoming of anarchist thought and practice, David Graeber is perplexed that this flowering of anarchism has found little reflection in the academy. Graeber seems to long for the type of … Continue reading Anarchism in the academy
Philosophers for Change 