Abstract Las teorías convencionales del capitalismo están sumidas en una profunda crisis: tras siglos de debates todavía son incapaces de decirnos qué es el capital. Tanto liberales como marxistas se refieren al capital como una entidad ‘económica’ que puede ser contabilizada en unidades universales de ‘utilidad’ o de ‘trabajo abstracto’. Pero estas unidades son totalmente […]
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Abstract In their paper ‘The CasP Project: Past, Present and Future’, Shimshon Bichler and Jonathan Nitzan invite readers to engage critically with their theoretical framework, known as capital as power (CasP). This call for further research, reactions and critiques is the perfect occasion to raise a few questions that have grown in my mind in […]
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Abstract The study of capital as power (CasP) began when we were students in the 1980s and has since expanded into a broader project involving a growing number of researchers and new areas of inquiry. This paper provides a bird’s-eye view of the CasP journey. It explores what we have learned so far, reviews ongoing […]
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Tim Di Muzio This post originally appeared on the website for Review of African Political Economy. Despite the fact that the ‘capital as power’ approach to critical political economy has been around for some time now, it is not very widely used and/or understood. Part of the reason for this, I believe, is that it […]
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Abstract Globalization and Capitalist Geopolitics is concerned with the growth of transnational corporate power against the backdrop of the decline of the West and the struggle by non-Western states to challenge and overcome domination of the rest of the world by the West. At the centre of the study is the problematic status of the […]
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The Review of Capital as Power (RECASP) announces an annual essay prize on the subject of capital as power. The best paper will receive a prize of $2000. A prize of $500 will be awarded to the second best contribution, while a $300 prize will be given to the third best article. Submitted articles should […]
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Abstract How might an objective observer conceive of what humans have accomplished as a species over its brief history? Benjamin argues that history can be judged as one giant catastrophe. Liberals suggest that this is to sombre an assessment and that human history can be read as a story of greater and greater progress in […]
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Abstract Background: Big brewers, which have experienced declining sales for their beer brands in the last decade, have been accused of “craftwashing” by some craft brewers and their aficionados—they define craftwashing as big brewers (>6 million barrels per year) taking advantage of the increasing sales of craft beer by emulating these products or by acquiring […]
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Shimshom Bichler and Jonathan Nitzan The following research note first appeared on Real World Economics Review Blog. We have just updated the charts in our 2014 RWER paper ‘Still About Oil?’, and the picture they portray reads like a capitalist call for arms. Beginning in the late 1980s, we suggested that, since the late 1960s, […]
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ABSTRACT Existing theories of capitalism, mainstream as well as heterodox, view capitalism as a mode of production and consumption. The purpose of this ongoing speaker series is to interrogate capitalism as a mode of power. The presentations offer a power theory of personal income distribution (Blair Fix, 2:30-5:30pm, October 17, 2017), explore the power to […]
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Abstract This article is a critical investigation and application of the aesthetic theory of Cornelius Castoriadis, one of the most important 20th-century theorists of radical democracy. We outline Castoriadis’s thoughts on autonomy, the social-historical nature of Being, and creation — key elements that inform his model of democratic culture. We then develop a Castoriadian critique […]
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This presentation will examine how and why political economic theories of mass culture have accumulated, but not settled, methodological issues about the meaning of value and the nature of productivity. Labour is certainly an important factor to any comprehensive study of capitalist mass culture, but it is our assumptions about economic productivity and not the […]
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Abstract Winner of the RRPE Annual Best Paper Award for 2016 This paper aims to transcend current debates on Korea’s post-1997 restructuring, which rely on a dichotomy between domestic industrial capital and foreign financial capital, by adopting Nitzan and Bichler’s capital-as-power perspective. Based on this approach, the paper analyzes Korea’s recent political economic restructuring as […]
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The history of capitalism is a history of externalization. While benefits were tallied, costs were routinely excluded from accounts. In this presentation I examine the history of externalization as a power process. A history of brutality and destruction marketed as innovation and efficiency, externalization has been the shadowy counterpart to accumulation. From colonialism to climate […]
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Due in no small part to the work of Thomas Piketty, the empirical study of income inequality has flourished in the last decade. But this plethora of new data has not led to a corresponding theoretical revolution. Why? The problem, I believe, is an unwillingness to question and test the basic assumptions on which current […]
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Abstract During the late 1980s, we printed a series of working papers, offering a new approach to the political economy of Israel and wars in the Middle East. Our approach in these papers rested on three new concepts. It started by identifying the Weapondollar-Petrodollar Coalition – an alliance of armament firms, oil companies and financial […]
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Abstract This paper proposes a new ‘power theory’ of personal income distribution. Contrary to the standard assumption that income is proportional to productivity, I hypothesize that income is most strongly determined by social power, as indicated by one’s position within an institutional hierarchy. While many theorists have proposed a connection between personal income and power, […]
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Abstract According to the theory of capital as power, capitalism, like any other mode of power, is born through sabotage and lives in chains – and yet everywhere we look we see it grow and expand. What explains this apparent puzzle of ‘growth in the midst of sabotage’? The answer, we argue, begins with the […]
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Abstract La mayoría de las explicaciones de las alzas y bajas del mercado de valores se basan en la comparación de la lógica “fundamental” subyacente de la economía con los factores exógenos que supuestamente la distorsionan. Este artículo presenta un modelo radicalmente distinto, y examina el mercado de valores desde la perspectiva del poder capitalizado […]
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The following commentary on Nitzan and Bichler’s piece ‘Can Capitalist Afford a Trumped Recovery?’ first appeared on the blog Pension Pulse, written by Leo Kolivakis. Earlier this week, I hooked up for a lunch with George Archer and Jonathan Nitzan, two friends of mine who also had previous stints working at BCA Research. I enjoyed […]
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