A humorously titled op-ed appeared in FT today (h/t to Vince Garton): “The ‘stonk’ bubble poses significant global risks”. It’s some grade-A Finacial Times doomsposting, bringing to my mind the wild days of the early coronacrunh, with its cacaophanous volley of doom loops, parabolic volatility, and inability to keep up with the minute-to-minute spiral of […]
Read More Jealousy of the ExchangeAccelerationism is having an interesting moment of re-assessment, if not reconceptualization. Aly’s recent reading list emphasized the cyberfeminist and non-Western lines that have fed into its non-history, which has subsequently been overcoded by a masculinist cult of Land (with much anger about her work now raging in the twittersphere). My last post tried to put […]
Read More Money GamesDecadence is having something of a cultural moment.ย The Decadent Society, a book by NYT columnist Ross Douthat, is slated to come out at the end of this month, and several high-profile reviews of it have begun to appear on the internet. One notable piece has been penned by Peter Thiel, published byย First Thingsย under the wonderfully […]
Read More Stagnation ConsciousThe Good Doctor The second area in which we find Marx raising questions around geometrical growth occurs in the course of his analysis of interest-bearing capital. Just as the discussions of geometrical growth with respect to mechanization appeared in primarily in the Grundrisse and the three volumes of Capital (namely, the first and third volumes), […]
Read More Marx on Geometric Change (2. Interest-Bearing Capital)
Reciprocal Contradiction 