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Capital currently has every disease known to man
There’s an episode of The Simpsons where Mr. Burns goes to the doctor to get a physical. Upon running tests on Mr. Burns, the doctor informs him that he is the “sickest man in the United States”, and...
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Capitalists not Burghers, pt 2
The conflation of capitalism with urban markets, trade, and commerce, and capitalists with burghers, we saw, springs from an assumption that capitalist social relations are somehow natural — they are...
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Art Industry, pt 1
In antiquity, artists were known by name, but were considered little better than skilled laborers — in stark contrast to the public prestige afforded to their works. The same held true in the feudal...
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Capitalists not Burghers, pt 3
In capitalist societies, the market is not an opportunity to be taken advantage of, it is an imperative. Its logic structures and impels society, and its fundamental tenets, though conventional, come...
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The rationality of the working class
I initially wrote this as a reply to Jake off my previous post about capital being “diseased”. I’m trying to apply some of the ideas I’ve been picking up from reading Harry Cleaver’s Reading Capital...
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Sustainable Capitalism?
On the fringe of the green movement, one always hears the following phrases coming from the mainstream with great regularity: “green capitalism”, “sustainable capitalism”, “social entrepreneurs”,...
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A Third Miraculous Animal
Lukács tells an amusing anecdote in the “Reification” essay about a legendary critic in India who sets about investigating the myth he has heard about the world resting on the back of an elephant. “If...
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Evaluation of a Sample of Menger’s Critique of Marx’s Labor Theory of Value
A labor theory of value is any theory according to which the economic value of a commodity is related to the labor required to produce it. Labor theories of value—like all theories of value—attempt to...
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Commensurate Labors and a Contradiction Inherent to the Capitalist Mode of...
Of course, the same problem plaguing Menger has to be a nuisance to Smith, Ricardo, or anyone who wishes to posit the origin of economic value in labor. That problem, briefly, is that, when looked at...
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Class struggle forming in the Obama administration?
Article in the New York Times today: Geithner Said to Have Prevailed on the Bailout. And over whom has Geithner prevailed? Dissenting voices in his own administration: In the end, Mr. Geithner largely...
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