Bichler and Nitzan, 'A CasP Model of the Stock Market'

ABSTRACT Most explanations of stock market booms and busts are based on contrasting the underlying ‘fundamental’ logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically different model, examining the stock market not from the mechanical viewpoint of a distorted economy, but from the dialectical perspective of Continue Reading

No. 2016/07: Bichler and Nitzan, 'A CasP Model of the Stock Market'

Most explanations of stock market booms and busts are based on contrasting the underlying ‘fundamental’ logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically different model, examining the stock market not from the mechanical viewpoint of a distorted economy, but from the dialectical perspective of capitalized Continue Reading

Capital as Power and Freelance Creative Work 3

Creativity, sabotage and the management of risk and responsibility in freelance creative work Nitzan and Bichler theorise a dissonant relation of sabotage between power and creativity, business and industry. What they show is that the control of creative processes of production is not antithetical to their success. Rather, it is constitutive of this success in Continue Reading

Capital as Power and Freelance Creative Work 2

Capital as Power, risk-aversion and the avoidance of uncertainty Mainstream critiques of contemporary capitalism conducted in the wake of the Great Recession tend to indict  a number of factors. Perceived short-termism. The dangerous compulsion to speculate. An attraction to growth for growth’s sake. The propensity towards the greedy and rapid accumulation of riches. But other Continue Reading

The Weekly Sabotage: Week 4

Royal Authority and Private Property Last week we considered the concept of ownership though the work of Veblen and Marx. We noted that the establishment and protection of private property involved the dispossession of the many by the few and that this tendency begins with the appropriation of humans (slavery) and land for private profit.  Continue Reading

The Weekly Sabotage: Week 1

Welcome to a weekly investigation into the fascinating world of corporate sabotage where human creativity, cooperation, mutual aid and well-being are all held ransom for the profit and power of dominant owners. Every week this column will explore various aspects of what Veblen called ‘strategic sabotage’.  But first, a bit of context. It appears that Continue Reading