AnticapitalistChat

There is a capitalist propaganda battle at work, with the Wall Street Journal claiming that “ Biden has sent a signal around the world that nobody’s intellectual property is safe in America.”. The National Review now claims that “Profit Margins Save Lives”. “The administration believes strongly in intellectual property protections, but in service...

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  • May 7, 2021
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Like Martin Luther objecting to Pope Leo X selling indulgences to raise money for a variety of excesses, the environmental costs of carbon markets far exceed the benefits. Austerity would have denied us Renaissance art which is less at risk in an age of non-fungible tokens. Today the consequences for the planet...

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  • March 28, 2021
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The sparse number of actual carbon capture and sequestration projects plus weak carbon markets amplify the problems of the climate crisis yet to be revisited, post-Trump. Two heartland examples in North Dakota and Texas show how there are several interlocking problems addressing the climate crisis that must be included in future environmental policy. More specifically...

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  • February 28, 2021

As Climate Crisis returns to the new US administration agenda, negative emissions technologies (NETs) may find their implementation hindered by neoliberal financialization.   An earlier ACM story showed how Steve Keen’s critique of Nordhaus’s use of discounting climate change demonstrates that orthodox economics is incapable of accelerating innovation especially in...

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  • January 31, 2021

This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx Summary: Chapter 16 of volume 1 of Capital is called “Absolute and Relative Surplus Value” and discusses the nature of labour, surplus value and surplus labour time. This chapter begins Part 5 of Capital (which...

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  • December 22, 2020

This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx. Outline of Marx’s Analysis Chapter 16 The Historical Relation Between Absolute and Relative Surplus Value – in capitalism, social labor produces surplus-value – early on: formal subsumption of labor produces absolute surplus-value by extending the working...

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  • December 20, 2020

I recently came across a typical Twitter argument about the CIA promoting modern art as propaganda. The usual distorting tweet-discourse occurred but what remained are somewhat paranoid discussions of whether the CIA supported Modern Art. They really didn’t, as much as they supported US propaganda in general. The argument about CIA and Art evolved...

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  • December 6, 2020

This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx. Not quite this type of commodity, but more like a pork barrel. x “Ah, pork bellies, I knew it.” ~Louis Winthorpe @dan_aykroyd https://t.co/yeVcYIYtqF— Stephen Bates (@batess) December 3, 2020 M. Proudhon has the misfortune of...

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  • December 4, 2020

This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx “I have joined a family, and like all families, it's full of shit.” – Pablo Picasso on the French Communist Party. x does this mean i dont have to read it— A.M. (@spaceprole) November...

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  • November 28, 2020

This post in the Anticapitalist Chat supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx This covers chapters 15 and 16. Chapter 15 describes more closely the production process and its relation of technology (to power as machinery and as social relation) Chapter 16 begins a discussion of...

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  • November 12, 2020

This story supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx This covers chapters 14, 15, 16.  Chapter 14 will provide further evidence of alienation in the division of labor and manufacturing in the capitalist reorganization of labor.  Chapter 15 describes more closely the production process and...

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  • November 4, 2020

This story supports a group reading of Karl Marx’s Capital Vol 1. #GoodMorningMarx #WeeklyMarx This covers chapters 11-14. Today’s supporting summary is at the very bottom, below the fold. Set against the backdrop of the Luddite uprisings in the Yorkshire textile industry, Charlotte Brontë’s novel Shirley caused a sensation when it...

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  • November 1, 2020

This story supports a group reading of Karl Marx’s Capital Vol 1. This covers chapters 11-14. Set against the backdrop of the Luddite uprisings in the Yorkshire textile industry, Charlotte Brontë’s novel Shirley caused a sensation when it was published in 1849 – under the pseudonym ‘Currer Bell’. Robert Moore is...

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  • October 28, 2020
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Larry Kudlow continues the underlying theme of Trumpian nihilism and its trickle-down contagion of pixie dust and pseudoscience. Trump continues to see his numbers decline as his campaign put him on a superspreader rally schedule, attempting to repeat his 2016 victory of 155,000 votes in swing states while trailing 3 million...

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  • October 25, 2020

This diary is for discussing chapters 9 and 10 of Capital Volume I by Marx. In it the explication of how surplus value as a concept is viable with certain reasonable, historical assumptions. apologies in advance for diverging from an established format. Capital is dead labour which, vampire-like, lives only...

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  • October 4, 2020

Periodically, ACM readers might want an introduction to anticapitalism. This emerges because of the disinformation propagated by kakistocratic clowns like Trump, who enables neoliberal capitalism while pursuing kleptocracy and monopolizing violence. This is important as yesterday Trump signed an executive order that had no effect on big pharma, and endorsed extrajudicial killing...

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  • September 13, 2020

Trump’s constant pimping of the stock market numbers is not the same as a sign that the economy has returned to the level of “winning” even before Trump took office. Like voting twice, Trump’s not being a good minimal-state libertarian where all debt resolves itself in a ‘free market’. Instead,...

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  • September 4, 2020

Street protests do not resemble those of the 1960s and Portland is not like Berlin after WWI, even as Trump has constructed from DHS tactical units and DoD contractors, an actual Freikorps. The Spartacist League and the Catholic League will not be meeting in the next World Baseball Classic. Trump probably cannot name a...

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  • August 9, 2020
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This week I attended (remotely) the Rethinking Economics Festival and encountered challenging pluralist discourses like a platform economy (noting that most of such work is populated by women), decolonizing the Eurocentric position in disciplines, or “fully-automated luxury communism”. I thought I’d share some resource items and make a few observations....

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  • July 26, 2020
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Modern Monetary Theory (MMT) can (but not will) save the US economy. What with the White House Council of Economic Advisors now reduced to one economist, it’s worth noting that one of their econometric models (Hassett) influenced the prediction that COVID-19 infections in the US would go to zero by...

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  • June 28, 2020

186 days left in Trump's “year of tremendous death”. At the end of that year there will be dances, singing,… and cake. May Day is a public holiday usually celebrated on 1 May. It is an ancient festival of Spring[1] and a current traditional spring holiday in many European cultures. Dances, singing, and cake are usually part of the...

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  • May 1, 2020

Below is a collection of things that I’ve been saving up — including the problems of CV-19, MMT, neoliberalism, and other things relating pandemics to the economy. If there’s a point to this selection it is to remind ourselves what will happen in 2021 with Larry Summers now advising the Biden...

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  • April 26, 2020

The year has not ended well, even as there is some hope that 2020 will bring a reversal of the perfect storm of 2016 that elected a buffoon to the WH. A recent article outlined the cascading possibility of connected tipping points in the Climate Crisis. This emergency cannot be unmet. With...

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  • December 29, 2019

< p class=”is-empty-p”> x YouTube Video In less than 400 days the US could be relieved of perhaps the stupidest self-proclaimed “environmentalist” in US history. We will need to refocus the post-Trump environmental economy to sustainable goals that reposition the discourse about economic growth, particularly energy production, distribution, and consumption. The Green...

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  • October 12, 2019