The birth of capitalized credit money is inextricably bound with war

Jonathan Nitzan and Shimshon Bichler Originally published on Twitter During the twilight of feudalism, wars, whose cost soared in tandem with their material scope and unit price, were the most financially demanding expenses. Changing military technologies, beginning with the crusades and continuing with the Hundred Years War, made it increasingly necessary to rely on hired […]

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Di Muzio & Robbins, ‘Capitalismo de deuda’

Abstract Capitalismo de deuda es un esfuerzo por descifrar cómo la tecnología de la deuda se ha convertido en uno de los mayores obstáculos para las aspiraciones democráticas y racionales de la sociedad moderna. Richard Robbins y Tim Di Muzio muestran que la deuda, entendida como una tecnología de poder, es un engranaje insertado en […]

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No. 2017/04: Bichler & Nitzan, ‘Arms and Oil in the Middle East: A Biography of Research’

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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No. 2014/04: Bichler & Nitzan, ‘Still About Oil?’

Abstract During the late 1980s and early 1990s, we identified a new Middle East phenomenon that we called ‘energy conflicts’ and argued that these conflicts were intimately linked with the global processes of capital accumulation. This paper outlines the theoretical framework we have developed over the years and brings our empirical research up to date. […]

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