Home Forum Political Economy Mark, Engels, and Public/Private Credit as Power Index Precursor Reply To: Mark, Engels, and Public/Private Credit as Power Index Precursor

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The tail that wags the dog?

The accumulation of ‘actual’ capital is counted in backward-looking labour time, while the confidence of the accumulators relies on the forward-looking ‘fiction’ of credit (or the other way around). Adhering to this house of mirrors keep Marxists stuck in no-man’s land….