Economics

Capitalism as a service – capital is going digital

Sabine — Mon, 02 Oct 2017 15:49:12 +0000

Capitalism as a service – capital is going digital

Foto: Illustration von Susann Massute ©

In his 2015 book, Post-Capitalism, Paul Mason concludes that ‘the technologies we’ve created are not compatible with capitalism’. Regarding the 2008 financial crisis Mason writes that ‘although capitalism is a complex, adaptive system’ it has now reached ‘the limits of its capacity to adapt’. This is not crisis as usual, it’s the final one; we’re experiencing the advent of a post capitalist world order.

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von Timo Daum

Mon, 10/02/2017 - 17:49

kapital150 marx200

Economics

The end of growth for global capitalism?

Sabine — Thu, 07 Sep 2017 14:24:56 +0000

The end of growth for global capitalism?

In an article published on 17 July 2016 in the German weekly Frankfurter Allgemeine Sonntagszeitung, Peter Bofinger, a member of the German Council of Economic Experts, argues that ‘a spectre is haunting the global economy – the spectre of secular stagnation’. As he writes, the phenomenon is based on a profound feeling of discomfort regarding the state of the global economy, which has been plagued by major dysfunctional issues for several years.

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von Joachim Bischoff

Thu, 09/07/2017 - 16:24

kapital150 marx200

Economics

How typical are atypical employment relations?

Sabine — Tue, 15 Aug 2017 12:45:43 +0000

How typical are atypical employment relations?

Politicians, economists and sociologists – they all assumed until recently that in the long term capitalism produces certain »typical« employment relations that harmonize best with profitability and capital accumulation. Reality, however, is considerably more complex.

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von Marcel van der Linden

Tue, 08/15/2017 - 14:45

kapital150 marx200

Economics

Even closer to the truth

Sabine — Tue, 15 Aug 2017 12:35:56 +0000

Even closer to the truth

To many who subscribe to Marx’s theory and critique of political economy, the economist John M. Keynes is a provocation: aside from Marx, hardly any other scholar so fundamentally challenged the predominant economic theory of his time.

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von Ingo Stützle

Tue, 08/15/2017 - 14:35

kapital150 marx200

Economics

A Gap in Marx’s Work or the Ignorance of the Reader?

Sabine — Thu, 20 Jul 2017 14:57:06 +0000

A Gap in Marx’s Work or the Ignorance of the Reader?

So many accusations have been levelled against Marx and, to an even greater extent, his friend and co-author Friedrich Engels in the 150 years since Capital was first published that the charges are almost too many to list. Unlike the political economists that came before him, Marx was supposedly unable to explain price formation. What is more, according to his critics, the predicted immiseration of the working class never occurred, and capitalism was not in a state of collapse, but has instead emerged victorious from the battle between competing social systems.

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von Elmar Altvater

Thu, 07/20/2017 - 16:57

kapital150 marx200

Economics

Scientifically erroneous and without application to the modern world

Sabine — Mon, 26 Jun 2017 14:08:57 +0000

Scientifically erroneous and without application to the modern world

In 1926, John Maynard Keynes, already the most celebrated economist and political writer of his time, reviewed the competing ideas of conventional economics (which he called ‘laisser-faire’) and its revolutionary alternative (Marxism). In his book, Laisser-faire and Communism, Keynes, a contemporary of the Bolshevik leaders Lenin and Trotsky, sought to dismiss the Soviet revolution that had shocked the ruling groups of the rest of the world just a few years before.

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von Michael Roberts

Mon, 06/26/2017 - 16:08

kapital150 marx200

Economics