On the Economic Crisis & Value-Critique

What the ‘monetary value theorists’ never talk about…

Monday, August 27th, 2012

But what the Situationist International did get. The ‘problem’ is that they superbly fashioned their ideas in the post-war epoch, and put them to explosive effect in 1968. The relationship between their ideas and effect was not a coincidence. Fortuitousness and good luck – as in any war – played its part, but clarity and [...]

Britain is a basket case

Friday, August 10th, 2012

UK Plc – a classy act Not many of us were able to compete for elbow space to cheer millionaire athlete Ryan Lochte on as he supped a $3000 ‘golden’ cocktail in celebrity London hangout Chinawhite’s this week. But the crisis of the economy will still be with us when the hangover kicks in. As [...]

In Memoriam: Robert Kurz

Thursday, July 19th, 2012

Robert Kurz, Marxian philosopher, journalist and editor of the journal Exit! sadly passed away on 18 July 2012, aged 68. Robert Kurz was one of very few people in recent years with the ability to analyse the capitalist system at the level of its own sophisticated terms. His finest writings have yet to be translated [...]

Argentina: Exit last time

Monday, June 25th, 2012

The recent outburst by the Argentinian tennis player David Nalbandian who kicked an official during a match just because he was frustrated resembles what the president of Argentina is doing when it comes to the Falklands, she is using the Falklands as a diversion , in so doing she does not have to speak about [...]

The eternal return of the automatic subject

Saturday, June 16th, 2012

“Many years ago I appraised World Bank loans to development banks along lines very similar to the Mansion House proposals. Banks will take cheap money because they can use it. But they seldom use it in the way intended. And in cases where the World Bank forced them explicitly to advance credit to the desired [...]

The housing question and the critique of value

Monday, June 11th, 2012

Some preliminary theses 1) The Housing Question is directly to linked to value. The shortage of housing (in French: La crise du logement) is the way the system regulates supply and demand. But in strict capitalist terms it does not make sense, since more housing would mean more revenue. And more work in the building [...]

Race with the machine

Thursday, June 7th, 2012

The interpenetrating poles of the crisis, explored here.

The Great Devaluation

Thursday, June 7th, 2012

Introduction to a new book by Ernst Lohoff and Norbert Trenkle here.

On Michael Heinrich’s blind spot

Wednesday, June 6th, 2012

Manchester Capitalism Now, with An Introduction to the Three Volumes of Karl Marx’s Capital by Michael Heinrich, a competent and undogmatic introduction to Marx’s Critique of Political Economy is available in English. The German political scientist starts with a critical outline of previous Marx receptions. He demonstrates that the systematic significance Marx attributed to his [...]

The End is Nigh…

Tuesday, June 5th, 2012

If there was ever an article that should spark every British citizen to immediately shift their savings into physical gold this is it. Basically, proposals are on the table to change the way inflation is calculated for bonds that payout based on the rate of change in prices. Unsurprisingly, they are purposely attempting to use [...]