by Shimshon Bichler and Jonathan Nitzan The Mismatch Thesis What do economists mean when they talk about ‘capital accumulation’? 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 Shimshon Bichler and Jonathan Nitzan 1. The Triangle of Conflict Analyses of modern Middle East conflicts vary greatly. They range from sweeping regional histories to narratives of individual disputes. They draw on various analytical frameworks and reflect different … Continue reading The weapondollar-petrodollar coalition: still about oil?
by Jonathan Nitzan and Shimshon Bichler Economic, financial and social commentators from all directions and of various persuasions are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to … Continue reading Can capitalists afford recovery? Three views on economic policy in times of crisis
by Shimshon Bichler and Jonathan Nitzan Preamble Over the past few years, we have written a series of articles about the global crisis. These papers try to break the conventional constrains of liberalism and Marxism, examining the crisis from the new theoretical viewpoint of capital as power. Capitalists and corporations, we argue, are driven not to maximize profit, but to ‘beat the average’ and increase their differential power. In this approach, the redistribution of income and assets is not a ‘societal’ side effect of the economy, but the central conflict that propels modern capitalism. And the main weapon in this … Continue reading Taking notes 34: The enlightened capitalist
by Shimshon Bichler and Jonathan Nitzan In May 2011, the U.S. Supreme Court ordered the State of California to release 30,000 to 40,000 of its 140,000 inmates. California’s prisons have become so overcrowded that the Supreme Court declared the situation … Continue reading Crime, punishment and the limits to power
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
Thus, the birth of philosophy is not just coincident, but equisignificant with the birth of democracy. Both are expressions, and central embodiments, of the project of autonomy. Night has fallen only for those who have let themselves fall into the … Continue reading Capital as power