Jonathan Nitzan, Shimshon Bichler: Capital as Power. A Study of Order and Creorder (2009)

Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital.

This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society.

Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.

Publisher Routledge, London and New York, 2009
RIPE Series in Global Political Economy
ISBN 0203876326, 9780203876329
463 pages
The electronic version of this work is protected by CreativeCommons Attribution-Non Commercial-No Derivatives 2.5 Canada

reviews (Jordan Brennan; D.T. Cochrane; Ulf Martin, Nestor D’Alessio and Harald Wolf; Mark Fisher; Vineeth Mathoor)

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Dimitris Vardoulakis (ed.): Spinoza Now (2011)

“What does it mean to think about, and with, Spinoza today? This collection, the first broadly interdisciplinary volume dealing with Spinozan thought, asserts the importance of Spinoza’s philosophy of immanence for contemporary cultural and philosophical debates.

Engaging with Spinoza’s insistence on the centrality of the passions as the site of the creative and productive forces shaping society, this collection critiques the impulse to transcendence and regimes of mastery, exposing universal values as illusory. Spinoza Now pursues Spinoza’s challenge to abandon the temptation to think through the prism of death in order to arrive at a truly liberatory notion of freedom. In this bold endeavor, the essays gathered here extend the Spinozan project beyond the disciplinary boundaries of philosophy to encompass all forms of life-affirming activity, including the arts and literature.

The essays, taken together, suggest that “Spinoza now” is not so much a statement about a “truth” that Spinoza’s writings can reveal to us in our present situation. It is, rather, the injunction to adhere to the attitude that affirms both necessity and impossibility.”

Contributors: Alain Badou, Mieke Bal, Cesare Casarino, Justin Clemens, Simon Duffy, Sebastian Egenhofer, Alexander García Düttmann, Arthur Jacobson, A. Kiarina Kordela, Michael Mack, Warren Montag, Antonio Negri, Christopher Norris, Anthony Uhlmann.

Publisher University of Minnesota Press, 2011
ISBN 0816672814, 9780816672813
384 pages

Review: Sean Grattan (Mediations, 2011).

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The Machinery of Stability Preservation (2011) [Chinese/English]

“There is widespread agreement in China, from high officials to ordinary people, about the importance of maintaining social stability. There is rather less consensus, though, about how best to ensure and promote stability. Considering the costs, both fiscal and human, of continued pursuit of the policy of “stability above all else,” some have begun to question whether, perhaps, the effort might actually be counterproductive.

In a recent article (translated below) posted on the website of Caijing magazine, two reporters who have been covering China’s social stability problem offer an excellent introduction to the organizational structure behind China’s stability management effort. Their detailed portrait of this structure as it exists at both the central and local levels leads into a trenchant analysis of China’s paradoxical pursuit of stability and a look at how that structure actually undermines that effort. Their conclusion—that the only escape from this paradox is to accelerate the pace of political and judicial reform—is a clear articulation of an aspiration that is gathering momentum in China but that will still have to overcome much resistance if it is to be realized.”

by Caijing magazine reporters Xu Kai & Li Weiao, 6 June 2011
Translated by Dui Hua Human Rights Journal, 8 June 2011

View online [Chinese]
View online [English]

related:
Stability Preservation in China (English extracts from three pieces written by Leung Man Tao, a recognized media professional and public intellectual from Hong Kong, Du Guang, a veteran Central Party School scholar, and Sun Liping, a sociology professor at Tsinghua University; 2010)
Riot erupts in southwest China town: reports (Reuters; 12 Aug 2011)