Invisible Exploitation: How Capital Extracts Value Beyond Wage Labor - Monthly Review

CMV: The labor theory of value is flawed

72 votes, 407 comments. This might be an obscure topic, however, in some—largely Marxist circles— the approach seems to motivate much of the dialogue…

Labor-Value Commodity Chains: The Hidden Abode of Global Production - Monthly Review

Intan Suwandi is a frequent contributor to Monthly Review. This article is adapted from her book, Value Chains: The New Economic Imperialism, winner of the 2018 Paul M. Sweezy-Paul A.... READ MORE

Writings and rehearsals by Nathan Schneider

Welcome. I’m a professor of media studies at the University of Colorado Boulder, where I direct the Media Economies Design Lab and teach and learn from our students. I’ve written a book each on online democracy, cooperative enterprise, the Occupy movement, and God, and I’ve edited ones about solidarity economies, crypto, and co-ops. Reporting articles for both magazines and academic journals keeps my notebooks filled. Working with others to build a democratic economy keeps me accountable.

Cognitive Capitalism - Public Seminar

There are broadly three ways of thinking historically about capitalism. One draws on Marx’s value theory and pretty much treats...Read More

Preface | The World After Capital

Since publishing the previous version of The World After Capital, I have met with people across the political spectrum to discuss the ideas from the book. When I present these in person, I emphasize that the ideas are neither left nor right but forward (credit to Scott Santens who first used this phrase about Universal Basic Income). My writing, however, at times has alienated readers who identify as being more on the right. In this new edition, I am therefore making an extra effort to emphasize how both my diagnosis of where we are at and my suggestions for how to move forward do not map onto the existing political divides. Instead this is a new way of understanding our challenges and opportunities that can be the basis for movements and parties that are not trapped in Industrial Age ideology.

Delete Your Account: On the Theory of Platform Capitalism | Los Angeles Review of Books

The platform confuses capital-flow and social form, rearranging the relationship of profit to community and intelligence to organization.

Radical expectations: how the New Left changed economics

In the 1970s radical economists campaigned to reform their discipline and their universities. They became journalists and activists, moving beyond academia, to forge new models of public engagement and collaborative knowledge in economic life. Radical Expectations tells the story of how these economists set out to make economics more democratic. It traces their campaign to bring protest movements to the campuses, triggering the emergence of an alternative understanding of expertise directed at validating and empowering the perspectives and voices of women, Black Americans, labor activists, and the urban poor. It shows how a radical identity formed and how radicals helped reform disciplinary institutions. Furthermore, it argues that the radical economics' legacy was the development of a language and models of expert-lay collaboration that empowers direct action in economic affairs. The book is about the community of radical economists who championed the promise of change and what came of it

‘Waiting to Die’ by Paul Krafft from Capital and Labor (1907)

The reverend William Schuler Harris’ Capital and Labor (1907) frames its titular subjects as locked in a perennial struggle, “dating back to the time when the Egyptians laid the lash upon their slaves”. Writing in the early twentieth century, Harris is skeptical of the “orator [who] frequently soars into ecstasies over the privileges of the American workers”, for he sees how the labor force is suffering under the “galling yoke” of trusts and monopolies. Substitute those scourges of the Gilded Age with unfettered multinational conglomerates and something similar holds true today. The author’s list of obstacles facing workers are as relevant now as they were more than a century ago: the needs of “civilized life” increase more rapidly than wages; the skilled worker remains at…

Thomas Piketty's Capital: everything you need to know about the surprise bestseller

The radical economist's book Capital in the Twenty-First century has angered the right with its powerful argument about wealth, democracy and why capitalism will always create inequality, says Paul Mason

Power: A Primer for Perplexed Economists

Let's Assume an Unfettered Marketplace of Ideas! Or Actually, Let's Not.

Techno-capitalism, Crisis Epistemology, and Disaster Ableism: How (not) to Respond to Generative AI in Higher education (My presentation @ #PhiDisSocCh6)

Introduction Techno-capitalism is a social system dominated by technology-driven capital, in which technological development is a primary vehicle for wealth concentration. Professors are currently …

Labor Market Adaptation | Windfall Policy Atlas

How can workers, firms, and education systems adapt to an AI-transformed economy?

Meredith Whittaker on Twitter / X

Now that even Goldman, Sequoia, and other major investors are calling it, it's good to remember that the shakiness of the AI market, and the mismatch between capex and ROI, has been clear for a long time to those of us who look closely at the political economy of AI. https://t.co/dLLNAcW5Sn— Meredith Whittaker (@mer__edith) July 30, 2024

The Quest for Embedded Evaluators

Dario Amodei’s essay We Must Pace the Frontier committed Anthropic to embedded evaluators, who would be placed inside Anthropic and given employee-level access, so they could provide outside perspective and also reports on what was happening.

Cannibal Capitalism

Shortlisted for the Deutscher Memorial Prize 2023 Capital is currently cannibalizing every sphere of life-guzzling wealth from nature and racialized populations, sucking up our ability to care for each other, and gutting the practice of politics. In this tightly argued and urgent volume, leading Marxist feminist theorist Nancy Fraser charts the voracious appetite of capital, tracking it from crisis point to crisis point, from ecological devastation to the collapse of democracy, from racial violence to the devaluing of care work. These crisis points all come to a head in Covid-19, which Fraser argues can help us envision the resistance we need to end the feeding frenzy. What we need, she argues, is a wide-ranging socialist movement that can recognize the rapaciousness of capital - and starve it to death.