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 ExchangeA brief rejoinder to the previous post on Deleuze and Guattari’s neo-Chartalism— Alla Semenova and L. Randall Wray (of MMT) fame have a paper on the “Rise of Money and Class Society” that looks at the way that the state creation of money is historically tied to the emergence of class stratifications in society. It […]
Read More Note on Money and Taxation (#2)In A Thousand Plateaus, Deleuze and Guattari take up Marx’s “trinity formula”—that which “comprises all the secrets of the social production process”, unifying the differing dynamics of land, labor and capital—and, through significant modification, offer a picture of the tripartite structure that underpinned the economic logic of the ‘archaic Urstaat‘. The Urstaat, organized around the gaze and […]
Read More Note on Money and Taxation (ATP)Accelerationism 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 Games
Reciprocal Contradiction 