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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Minqi Li: The Rise of China and the Demise of the Capitalist World-Economy (2008)

China’s increasing power in the global economy is destabilizing the established system. This book analyses the possible historical trajectories of China and the capitalist world-economy in the twenty-first century.

Minqi Li examines the future global prospects from the perspectives of Marxism, world-system theories, and ecological limits to growth. He argues that China is likely to exacerbate many of the major contradictions of world capitalism, which could lead to the demise of the existing world-system.

This is an essential text for students of political economy, economics and global politics.

Publisher Pluto Press, 2008
ISBN 0745327729, 9780745327723
208 pages

review (Brian Holmes)

wikipedia
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google books

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Cypherpunks mailing list archive (1992-1998)

Cypherpunks was an active list with technical discussion ranging over mathematics, cryptography, and computer science. It had extensive discussions of the public policy issues related to cryptography and on the politics and philosophy of concepts such as anonymity, pseudonyms, reputation, and privacy.

The list was started in 1992, and at its peak in 1997 had well over a thousand subscribers, including John Gilmore (EFF co-founder), Timothy May (author of Crypto Anarchist Manifesto), Eric Hughes (A Cypherpunk’s Manifesto), Phil Zimmermann (PGP), Hal Finney (RPOW), Bram Cohen (BitTorrent), Adam Back (Hashcash), Julian Assange (WikiLeaks), John Young (Cryptome), or Rop Gonggrijp (Xs4all).

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ZIP (from Cryptome.org)