ownership Archives – Capital As Power

Category: Blog/Featured

Capitalism without capitalists

Posted On October 1, 2021 By Blair Fix

Originally published at pluralistic.net Cory Doctorow One of the most exciting, eye-opening articles I’ve read in AGES. Showing how shareholder capitalism is a lie BY ITS PROPONENTS’ OWN TERMS…Genius. https://lpeblog.org/2020/02/18/privatizing-sovereignty-socializing-property-what-economics-doesnt-teach-you-about-the-corporation/ Marx thought individual property would end up being socialized, and he was right…but also wrong. The state hasn’t socialized property, corporations have. Corporatism is “capitalism […]

Category: Blog/Featured

Jesús Suaste Cherizola Wins the 2021 CASP Essay Prize

Posted On May 4, 2021September 24, 2021 By Blair Fix

Originally published on Economics from the Top Down Blair Fix As some of you may know, I recently became the editor of the Review of Capital as Power (RECASP), a journal that publishes research on the power underpinnings of capitalism. Each year, RECASP hosts an essay competition. I’m proud to announce that the winner of […]

Category: Featured/RECASP

Suaste Cherizola, ‘From Commodities to Assets’

Posted On May 1, 2021August 20, 2021 By Blair Fix

From Commodities to Assets Capital as Power and the Ontology of Finance JESÚS SUASTE CHERIZOLA May 2021 Abstract Assets are a crucial concept of the practice and mindset of the capitalist class. Critical analyses of capitalism, however, tend to admit that the exchange of commodities is the foundation of the analysis of capitalism. This article […]

Category: Featured/Publications

Hager, ‘Public Debt, Inequality, and Power: The Making of a Modern Debt State’

Posted On June 27, 2016September 17, 2021 By Sandy Hager

Abstract Who are the dominant owners of US public debt? Is it widely held, or concentrated in the hands of a few? Does ownership of public debt give these bondholders power over our government? What do we make of the fact that foreign-owned debt has ballooned to nearly 50 percent today? Until now, we have […]

Category: Blog/Featured

The Renminbi on the World Stage

Posted On December 1, 2015September 23, 2021 By D. T. Cochrane

DT Cochrane The IMF recently announced that China’s currency, the CYN (Chinese Yuan Renminbi), would be included in the IMF’s basket of currencies, known as the SRD (special drawing rights). The designation comes after China adopted certain reforms in accordance with International Monetary Fund (IMF) policies. The CYN will comprise 11% of the basket, with […]

Category: Featured/Working Papers

No. 2015/01: Hager, ‘Public Debt as Corporate Power’

Posted On January 6, 2015September 20, 2021 By Sandy Hager

Abstract In various writings Karl Marx made references to an ‘aristocracy of finance’ in Western Europe and the United States that dominated ownership of the public debt. Drawing on original research, this paper offers the first comprehensive analysis of the pattern of public debt ownership within the US corporate sector. The research shows that over […]

Category: Blog

Competition and Cooperation in the World of Hand Bells

Posted On December 28, 2013September 22, 2021 By D. T. Cochrane

DT Cochrane A recent episode of Planet Money describes a long running feud between two makers of hand bells. The story itself was interesting. However, two parts jumped out at me as relevant to CasP. The first was a comment by the host about how most people, when they hear of two companies fighting in […]

Category: Theses

Park, ‘Dominant Capital and the Transformation of Korean Capitalism: From Cold War to Globalization’

Posted On June 1, 2013August 19, 2022 By Blair Fix

Abstract After the 1997 financial crisis, the neo-liberal restructuring of the Korean political economy accelerated dramatically. While there is a general consensus that the reform has had negative consequences for Korean society, heated debates continue over the culprits of the 1997 crisis and the changes that followed in its wake. Major opinions have largely coalesced […]