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November 2021

Value, Fictitious Capital and Finance. The Timelessness of Karl Marx’s Capital with John Milios

Sat, November 6 @ 2:00 PM - 4:00 PM
$7 – $11

Starting from his value-form analysis in Part One of Volume 1 of Capital, Marx develops the concept of “fictitious capital” in Volume 3, which depicts the role of interest-bearing capital and the financial sphere. Marx’s analysis allows for an understanding of contemporary capitalism, financialization and crisis: financialization cannot be isolated from “real” economy; it should be conceived as a “technology” of exercising capitalist power and hegemony over the working classes and the society as a whole. Marx’s analysis provides the terms to rethink the contemporary neoliberal form of capitalism and its crisis as expressions of the contradictions inherent in the organization of capitalist power.

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