Bichler & Nitzan, ‘The Mismatch Thesis. Fiction and Reality in the Accumulation of Capital’

Abstract Political economists, both mainstream and Marxist, find it difficult to reconcile the «real» and «financial» appearances of capital. The conventional view is that «real» capital is an objective productive entity; that «finance» merely reflects this reality; and that, unfortunately, the reflection is often inaccurate, causing the two to «mismatch». This convention, we argue, is […]

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Alberta’s Rockefeller coups, Part 6: The Financial Frauds of American Empire Are Driving Climate Disaster, But Both Could Still Be Thwarted

Regan Boychuk Author’s Note: John D. Rockefeller Sr. had the last laugh about American anti-trust law and the muck-raking media before descending to Dante’s 9th Circle in May 1937. The oil industry’s center of gravity had begun shifting towards Texas after Spindletop in 1901, but Rockefeller coups across North America in 1931, 1935, 1938, and 1940 […]

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Anderson, ‘From Operation Warp Speed to TRIPS. Vaccines as Assets’

Abstract This chapter examines the political economy of biopharmaceutical innovation, focusing primarily on vaccines in the Covid-19 pandemic. This analysis aims to make visible the deep entanglements that entrench an extractive and dysfunctional innovation ecosystem, calcifying inequities in global access to essential medicines. The chapter argues that the current inequities in vaccine access are not […]

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The political economic roots of Hollywood strikes, Part 3

Originally published at notes on cinema James McMahon Around the time of this post, SAG-AFTRA and the Alliance of Motion Picture and Television Producers (AMPTP) produced a tentative agreement in their 2023 negotiations. The SAG-AFTRA National Board approved the tentative agreement, and recommends for the ratification of the 2023 TV/Theatrical contracts. – J When the […]

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Bichler & Nitzan, ‘Blood and Oil in the Orient: A 2023 Update’

Abstract The 2023 war between Hamas and Israel elicits many different explanations. As with previous regional hostilities, here too, the pundits and commentators have numerous overlapping processes to draw on – from the struggle between the Zionist and Palestinian national movements, to the deep hostility between the Rabbinate and Islamic churches, to the many conflicts […]

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How trade secrets swallowed your right to know

Originally published at pluralistic.net Reproduced under a Creative Commons Attribution 4.0 license Cory Doctorow If you’ve never had a fight over the phrase “intellectual property,” count yourself lucky, you normie, you. In the land of Free Software and Free Culture, “IP” is fightin’ words. Not unreasonably, mind you. “IP” was a deliberately ploy, undertaken by […]

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The Costly Betrayal of Cost-Benefit’s Promise

Jerry Cayford Originally published here A conversation, eighty-some years ago, shaped our world today. The conversation was among three papers in economics. In 1939, Nicholas Kaldor and John Hicks published papers that steered economics through a major crisis, one that threatened its legitimacy as an advisor on public policy. With the Great Depression still raging […]

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Bichler & Nitzan, ‘Manuscripts Don’t Burn’

Manuscripts Don’t Burn SHIMSHON BICHLER and JONATHAN NITZAN September 2023 Keywords censorship, ideology, marxism, neoliberalilsm, peer review, plagiarism Citation Bichler, Shimshon, and Nitzan, Jonathan. 2023. ‘Manuscripts Don’t Burn’. Review of Capital as Power, Vol. 2, No. 2, pp. 175–189. Download PDF 1     Flat Reality The French Revolution changed the world. In the new order, the masters […]

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Bichler & Nitzan, ‘The Capital as Power Approach: An Invited-then-Rejected Interview’

The Capital as Power Approach An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan SHIMSHON BICHLER and JONATHAN NITZAN September 2023 Keywords capital accumulation, capitalization, interview, Marxism, modes of power, stagflation, systemic fear, value theory Citation Bichler, Shimshon, and Nitzan, Jonathan. 2023. ‘The Capital as Power Approach: An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan […]

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Money is power

Originally published at pluralistic.net Reproduced under a Creative Commons Attribution 4.0 license Cory Doctorow “Political economy” may sound like an obscure technical matter, but it’s a really very simple (and incredibly important) idea: That the economy is inevitably political, and there is no way to depoliticize economic theory. That is, every aspect of economics – […]

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Bichler & Nitzan, ‘Regime Change and Dominant Capital: Lessons from Israel’

Abstract Israel’s ongoing crisis – or ‘judicial coup’ in popular parlance – has elicited two opposite responses. The first comes from global rating agencies, economists and investment strategists who see Israel’s country risk rising. The opposite reaction, by Prime Minister Netanyahu and his acolytes, insists that the ‘coup’ is much ado about nothing, and that […]

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Alberta’s Rockefeller Coups, Part 5: Canada is an American Protectorate & Alberta is an Imperial Bezzle

Regan Boychuk Green Party of Alberta energy critic Author’s note Extraordinary claims require extraordinary evidence. The suggestion that a semi-secret conspiracy of racists transferred imperial control of Canada from the British to the Americans on the eve of the Second World War seems well worth skepticism. But doubt will melt as we meet the elite […]

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Di Liberto, ‘Differential Harm: Patterns of Uneven Destruction’

Abstract This essay opposes the idea that contemporary critical events like pandemics, global warming, environmental deterioration, et cetera, are to be considered as affecting humanity in a uniform way. Instead of seeing these phenomena like abstract universal threats, I propose to look at them through the lens of my concept of differential harm. By drawing […]

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Suaste Cherizola, ‘Estudiar el precio, olvidar el valor. Una alternativa al pensamiento económico tradicional’

Abstract Este artículo intenta sentar las bases para una comprensión de los precios radicalmente diferente a como los entiende el pensamiento económico tradicional. Tras revisar algunos aspectos relevantes de la crítica a la teoría del dinero como mercancía, se muestra que el pensamiento tradicional es incapaz de captar las propiedades irreductibles de los precios y […]

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Why Consumption Taxes (VATs) are Insanely Regressive

Originally published at Wealth Economics Steve Roth Following the community of Socks (?s) or “social democrats” out there on the interwebs (this is definitely my economic tribe), in articles, and in books, there’s a particular stance on a particular issue that I find perplexing, even anti-progressive. They’re generally quite keen on using “value-added” consumption/sales taxes […]

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