The Bichler and Nitzan Archives
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Blood and Oil in the Orient, Redux
Get PDFThis research note updates selected charts from three previous papers. The new data present a rather startling picture, suggesting that the Middle East – and the global political economy more generally – might face an important crossroads. Our assessment here rests on the analysis of capital as power, or CasP. Beginning in the late 1980s, we suggested that, since the late 1960s, the Middle East was greatly influenced by the capitalized power of a Weapondollar-Petrodollar Coalition – a loose coalition comprising the leading oil companies, the OPEC cartel, armament contractors, engineering firms and large financial institutions – whose differential accumulation benefitted from and in turn helped fuel and sustain Middle East ‘energy conflicts’. These conflicts, we argued, reverberated far beyond the region: they affected the ups and downs of global growth, the gyrations of inflation and, in some important respects, the very evolution of the capitalist mode of power. And this impact, it seems to us, is now being called into question
Bir İktidar Biçimi Olarak Sermaye
Get PDF2009’da başlayan ekonomik krizin bir etkisi de ekonomi uzmanlarını şaşkına çevirmiş olmasıydı. Ne neo-liberal, ne de Marksist ekonomistler, bugün neredeyse tüm dünyaya egemen olan kapitalizmin krizlerini verilerle açıklayamıyorlardı. Anarşist Ekonomi Tartışmaları başlıklı yazı dizimizin bu bölümünde, 80’lerden beri süren bilimsel çalışmaları ile bu iki egemen görüşün dışında bir teori geliştirip, verilere dayanarak kapitalizmi krizleri ile birlikte açıklamayı başaran Shimshon Bichler ve Jonathan Nitzan’a yer verdik. Uzun yıllar akademik çevreler tarafından dışlanmakla kalmayıp, makalelerinden yapılan intihaller, Marksist politik doğrulara uyacak şekilde düzeltilerek başka isimler tarafından yayınlanmış olan yazarlar, kısaltarak alıntıladığımız sunumda teorinin gelişim sürecini ve temellerini açıklıyorlar. Bu teori ile ilgili çalışan bütün araştırmacıların kitaplarına, makalelerine ve kullandıkları verilere CapitalAsPower.com adresinden ücretsiz erişilebilir
Is the Power of Mass Culture Profitable? - Video
Get PDFThis presentation will examine how and why political economic theories of mass culture have accumulated, but not settled, methodological issues about the meaning of value and the nature of productivity. Labour is certainly an important factor to any comprehensive study of capitalist mass culture, but it is our assumptions about economic productivity and not the ubiquity of wage labour that tells us we have to look at the latter in terms of productive output. Therefore, if we use entirely different assumptions, we might be able to create stronger links between profitability and the ideological aspects of mass culture.
Inspired by Fix’s (2017) and Nitzan and Bichler’s (2017) recent writings on growth and hierarchy, this presentation will focus on the ability of firms to, individually or collectively, negate the potential of creativity. Investment will still involve some type of production, but it can now also depend on the ability of alternative forms of human ingenuity to be neglected, marginalized or repressed by the authority of others. Labour and the costs of production still matter, but the strategies of business enterprise have an authoritative element when large firms can also set the terms of social creativity. Furthermore, this power can be specifically characterized as capitalist power the more we pull away from the assumption that institutional power is secondary or external to the “real” story of economic productivity, however measured.
Refreshment will be served and everyone is welcome.
WHERE: Verney Room, South 674 Ross Building, Keele Campus, York University
WHEN: 2:30 - 5:30 pm, Wednesday, 1 November 201
Izrael Globális Politikai Gazdaságtana (Review of the Global Political Economy of Israel)
Get PDFA két szerző nem egyszerűen csak gazdaságtörténetet írt, hanem saját politikai gazdaságtani elméletük is van, melyet a Capital as Power (A tőke mint hatalom, Routledge 2009) című könyvükben részletesebben ki is fejtenek. Ezt az elméletet az Izraelről szóló kötetben is összefoglalják, mivel alapvető elemzési keretet ad munkájuknak
2016 Capital as Power Essay Prize
Get PDFThe Review of Capital as Power (RECASP) announces an annual essay prize on the subject of capital as power. The best paper will receive a prize of 500 will be awarded to the second best contribution, while a $300 prize will be given to the third best article.
Submitted articles should not have been published in a refereed journal or book before. The particular topic is open. The paper can be theoretical, historical or empirical, and it may support or critique the capital as power framework. Winning essays will be published (with revisions, if necessary) in the Review of Capital as Power.
DEADLINE: January 31, 201
Disobedient Things. The Deepwater Horizon Oil Spill and Accounting for Disaster
Get PDFAnalysis of the Deepwater Horizon disaster and the accumulatory decline of BP demonstrates both the analytical efficacy of the capital-as-power (CasP) approach to value theory, and the irreducible role of objects in the process of accumulation. Rather than productivity per se, accumulation depends on control of productivity. Owners’ control is over both the human and non-human components of systems of production, which transcend the standard categories of culture/politics/economics/technology. Capitalization translates the irreducible social order, things and all, that bear on accumulation into commensurable units of capital. The decline of BP in the wake of the disaster expressed the market’s falling confidence in the obedience of the entities that bear on its profits, including the things that comprise its productive capacity
A CasP Model of the Stock Market
Get PDFMost 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 power. The model demonstrates that (1) the valuation of equities represents capitalized power; (2) capitalized power is dialectically intertwined with systemic fear; and (3) systemic fear and capitalized power are mediated through strategic sabotage. This triangular model, we posit, can offer a basis for examining the asymptotes, or limits, of capitalized power and the ways in which these asymptotes relate to the historical and ongoing transformation of the capitalist mode of power
A CasP Model of the Stock Market
Get PDFMost 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 power. The model demonstrates that (1) the valuation of equities represents capitalized power; (2) capitalized power is dialectically intertwined with systemic fear; and (3) systemic fear and capitalized power are mediated through strategic sabotage. This triangular model, we posit, can offer a basis for examining the asymptotes, or limits, of capitalized power and the ways in which these asymptotes relate to the historical and ongoing transformation of the capitalist mode of power
Theory and Praxis, Theory and Practice, Practical Theory
Get PDFThis working paper contains an intervention by Corentin Debailleul and an extended reply by Shimshon Bichler and Jonathan Nitzan. The exchange was first posted on the Capital as Power Forum in January 2016. Debailleul’s original questions are articulated at greater length here, while Bichler and Nitzan’s reply is reproduced as is
Reading Notes on the Book Capital as Power
Get PDFThere are many similarities between the theses of Nitzan and Bichler and those of Temps Critiques so we deemed it appropriate to examine their book further