capital as a whole

Capital, Volume 3, Part 7, the last chapters of volume 3

The study of Volume III is essential to understanding the complex dynamics at work in the present realities we are facing and how these realities are the necessary results of the inner logic of capital. In this moribund stage of late capitalist/imperialist development we see the rise of rentier and finance capital—the introduction of financial instruments being used to make money make more money, jumping over and above the actual real wealth produced by trading on future wealth (derivatives and other forms of fictitious capital); overriding supply and demand as a price mechanism in such necessities as foodstuffs so that their prices continuously rise resulting in more poverty and starvation on a world scale and here in the US; turning new technologies into means of collecting rents—the internet, mobile devices; expropriation of taxes paid by the working class to developers who are often tax exempt while our city and state governments give them tracts of our physical space; commodification of debt; privatization of public spaces, properties and institutions; foreclosures; and the list goes on.

Capital, Volume 3, Part 7, the last chapters of volume 3

The study of Volume III is essential to understanding the complex dynamics at work in the present realities we are facing and how these realities are the necessary results of the inner logic of capital. In this moribund stage of late capitalist/imperialist development we see the rise of rentier and finance capital—the introduction of financial instruments being used to make money make more money, jumping over and above the actual real wealth produced by trading on future wealth (derivatives and other forms of fictitious capital); overriding supply and demand as a price mechanism in such necessities as foodstuffs so that their prices continuously rise resulting in more poverty and starvation on a world scale and here in the US; turning new technologies into means of collecting rents—the internet, mobile devices; expropriation of taxes paid by the working class to developers who are often tax exempt while our city and state governments give them tracts of our physical space; commodification of debt; privatization of public spaces, properties and institutions; foreclosures; and the list goes on.