Critical Theory and the Crisis of Contemporary Capitalism by Heiko Feldner, Fabio Vighi, Darrow Schecter

By Heiko Feldner, Fabio Vighi, Darrow Schecter

This quantity reassesses the character of the present worldwide monetary challenge and its implication for the twenty first century, in the course of the precise lens of Marx's thought of the value-form because the subconscious matrix of recent society.

Going past orthodox Marxist and postmodernist bills, the writer deals clean new readings of Marx, Benjamin, Foucault, and Žižek. the following he argues that capitalism has not just entered its maximum main issue for the reason that WWII, yet has actually reached its old restrict and is in terminal decline. during this gentle, the ebook seeks to respond to how a rerun of Keynesian laws may be able to unravel the drawback. It additionally inquires as to if a eco-friendly New Deal may well be successful while the space among paintings on hand and paintings to be performed widens, and what possible choices neo-Marxian methods supply contemplating the failure of Marxism within the twentieth century.

This far-reaching, severe exam of the hindrance not just builds on serious idea, but additionally bargains new readings of key theorists that might entice a person attracted to political thought, serious idea, and political economy.

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Of course, what we witness today is the practical proof of its impossibility. e. by no means ‘imagined’, but insubstantial), why should we continue to use the economic extraction of money profit as the yardstick for what we consider ‘efficient’, ‘realistic’ and ‘affordable’? To question the notions of financial affordability, economic efficiency and fiscal realism is far more than a hysterical gesture. It is a precondition for transcending the logic of mere crisis management. Reloading Marx? Like Jason Barker (2011), Terry Eagleton (2011), Benjamin Kunkel (2014) and many others in recent years, we make a case here for a Marxian critique of capitalism.

Households benefited from low unemployment, cheap consumer goods and ready credit. Businesses benefited from lower borrowing costs. Bankers were earning bumper bonuses and expanding their business around the world. The government benefited from high tax revenues enabling them to increase public spending on schools and hospitals. This was bound to create a psychology of denial. It was a cycle fuelled, in significant measure, not by virtue but by delusion. 1 But it is conceivable that at some point in the future a question on climate change might draw a similar response.

Experimental philosophers from Christiaan Huygens to Robert Hooke held firmly to the belief that the workings of nature could be fully understood only if the constitution of experience was guided and disciplined by correct rules of method. The ‘interrogation’ of nature, as it were, was to be carried out ‘as if by machinery’ (Bacon). e. to discipline the procedures of knowledge-making through methodological directions designed to remove or, at least, control the effects of human passion and bias.

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