Capitalist Related Quotes

In reality, the laborer belongs to capital before he has sold himself to capital. His economic bondage is both brought about and concealed by the periodic sale of himself, by his change of masters, and by the oscillation in the market price of labor power. Capitalist production, therefore, under its aspect of a continuous connected process, of a process of reproduction, produces not only commodities, not only surplus value, but it also produces and reproduces the capitalist relation; on the one side the capitalist, on the other the wage-laborer.

In the developed countries of the capitalist world, the mass media are beginning to become businesses, and huge businesses at that. The freedom of journalists is now becoming, in most cases, a very relative thing: it ends where the interests of the business begin... In socialist areas, it is enough to recall that the means of social communication are the monopoly of the party.

When asked whether or not we are Marxists, our position is the same as that of a physicist, when asked if he is a “Newtonian” or of a biologist when asked if he is a “Pasteurian.” There are truths so evident, so much a part of the peoples’ knowledge, that it is now useless to debate them. One should be a “Marxist” with the same naturalness with which one is a “Newtonian” in physics or a “Pasteurian.” If new facts bring about new concepts, the latter will never take away that portion of truth possessed by those that have come before. Such is the case, for example, of “Einsteinian” relativity or of Planck’s quantum theory in relation to Newton’s discoveries. They take absolutely nothing away from the greatness of the learned Englishman. Thanks to Newton, physics was able to advance until it achieved new concepts of space. The learned Englishman was the necessary stepping-stone for that. Obviously, one can point to certain mistakes of Marx, as a thinker and as an investigator of the social doctrines and of the capitalist system in which he lived. We Latin Americans, for example, cannot agree with his interpretation of Bolivar, or with his and Engels’ analysis of the Mexicans, which accepted as fact certain theories of race or nationality that are unacceptable today. But the great men who discover brilliant truths live on despite their small faults and these faults serve only to show us they were human. That is to say, they were human beings who could make mistakes, even given the high level of consciousness achieved by these giants of human thought. This is why we recognize the essential truths of Marxism as part of humanity’s body of cultural and scientific knowledge. We accept it with the naturalness of something that requires no further argument.

Political economy tends to see work in capitalist societies as divided between two spheres: wage labor, for which the paradigm is always factories, and domestic labor – housework, childcare – relegated mainly to women. The first is seen primarily as a matter of creating and maintaining physical objects. The second is probably best seen as a matter of creating and maintaining people and social relations. [...] This makes it easier to see the two as fundamentally different sorts of activity, making it hard for us to recognize interpretive labor, for example, or most of what we usually think of as women’s work, as labor at all. To my mind it would probably be better to recognize it as the primary form of labor. Insofar as a clear distinction can be made here, it’s the care, energy, and labor directed at human beings that should be considered fundamental. The things we care most about – our loves, passions, rivalries, obsessions – are always other people; and in most societies that are not capitalist, it’s taken for granted that the manufacture of material goods is a subordinate moment in a larger process of fashioning people. In fact, I would argue that one of the most alienating aspects of capitalism is the fact that it forces us to pretend that it is the other way around, and that societies exist primarily to increase their output of things.

It is much easier to condemn Islam and 'oppressive Muslim men' than to unpack the intricate relationships between global politics related to empire building and capitalist expansion as well as regional and national struggles revolving around political and economic power and resources.

They were staggered to learn that a real tangible person, living in Minnesota, and married to their own flesh-and-blood relation, could apparently believe that divorce may not always be immoral; that illegitimate children do not bear any special and guaranteed form of curse; that there are ethical authorities outside of the Hebrew Bible; that men have drunk wine yet not died in the gutter; that the capitalistic system of distribution and the Baptist wedding-ceremony were not known in the Garden of Eden; that mushrooms are as edible as corn-beef hash; that the word "dude" is no longer frequently used; that there are Ministers of the Gospel who accept evolution; that some persons of apparent intelligence and business ability do not always vote the Republican ticket straight; that it is not a universal custom to wear scratchy flannels next the skin in winter; that a violin is not inherently more immoral than a chapel organ; that some poets do not have long hair; and that Jews are not always peddlers or pants-makers. "Where does she get all them theories?" marveled Uncle Whittier Smail; while Aunt Bessie inquired, "Do you suppose there's many folks got notions like hers? My! If there are," and her tone settled the fact that there were not, "I just don't know what the world's coming to!

We do not get to vote on who owns what, or on relations in factory and so on, for all this is deemed beyond the sphere of the political, and it is illusory to expect that one can actually change things by "extending" democracy to ple's control. Radical changes in this domain should be made outside the sphere of legal "rights", etcetera: no matter how radical our anti-capitalism, unless this is understood, the solution sought will involve applying democratic mechanisms (which, of course, can have a positive role to play)- mechanisms, one should never forget, which are themselves part of the apparatus of the "bourgeois" state that guarantees the undisturbed functioning of capitalist reproduction. In this precise sense, Badiou hit the mark with his apparently wired claim that "Today, the enemy is not called Empire or Capital. It's called Democracy." it is the "democratic illusion" the acceptance of democratic procedures as the sole framework for any possible change, that blocks any radical transformation of capitalist relations.

I was naked and he had more possessions than he could use all at once. I was the proletarian, he was the capitalist, and my relations to him were reduced to the basic proposition of all revolutions: die, I want what you have. It was the first time in my life I'd taken an interest in politics.

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

As a rule, white abolitionists either defended the industrial capitalists or expressed no conscious class loyalty at all. This unquestioning acceptance of the capitalist economic system was evident in the program of the women’s rights movement as well. If most abolitionists viewed slavery as a nasty blemish which needed to be eliminated, most women’s righters viewed male supremacy in a similar manner—as an immoral flaw in their otherwise acceptable society. The leaders of the women’s rights movement did not suspect that the enslavement of Black people in the South, the economic exploitation of Northern workers and the social oppression of women might be systematically related. Within

within the capitalist system all methods for raising the social productiveness of labour are brought about at the cost of the individual labourer; all means for the development of production transform themselves into means of domination over, and exploitation of, the producers; they mutilate the labourer into a fragment of a man, degrade him to the level of an appendage of a machine, destroy every remnant of charm in his work and turn it into a hated toil; they estrange from him the intellectual potentialities of the labour process in the same proportion as science is incorporated in it as an independent power; they distort the conditions under which he works, subject him during the labour process to a despotism the more hateful for its meanness; they transform his life-time into working-time, and drag his wife and child beneath the wheels of the Juggernaut of capital. But all methods for the production of surplus-value are at the same time methods of accumulation; and every extension of accumulation becomes again a means for the development of those methods. It follows therefore that in proportion as capital accumulates, the lot of the labourer, be his payment high or low, must grow worse. The law, finally, that always equilibrates the relative surplus population, or industrial reserve army, to the extent and energy of accumulation, this law rivets the labourer to capital more firmly than the wedges of Vulcan did Prometheus to the rock. It establishes an accumulation of misery, corresponding with accumulation of capital. Accumulation of wealth at one pole is, therefore, at the same time accumulation of misery, agony of toil slavery, ignorance, brutality, mental degradation, at the opposite pole, i.e., on the side of the class that produces its own product in the form of capital.

The interpenetration of pre-capitalist, semi-capitalist and capitalist relations of production, imposed upon colonies and semi-colonies by the power of capital on the world market and the violence of foreign political and military domination, has been an extremely important factor in the historical development of these twin sources of money capital accumulation.

The peasants and workers of Europe (and eventually the inhabitants of the whole world) paid a huge price so that the capitalists could make their profits from the human labor that always lies behind the machines. That contradicts other facets of development, especially viewed from the standpoint of those who suffered and still suffer to make capitalist achievements possible. This latter group are the majority of mankind. To advance, they must overthrow capitalism; and that is why at the moment capitalism stands in the path of further human social development. To put it another way, the social (class) relations of capitalism are now outmoded, just as slave and feudal relations became outmoded in their time.

What we can now conjecture about the way in which sexual relations will be ordered after the impending overthrow of capitalist production is mainly of a negative character, limited for the most part to what will disappear. But what will there be new? That will be answered when a new generation has grown up: a generation of men who never in their lives have known what it is to buy a woman’s surrender with money or any other social instrument of power; a generation of women who have never known what it is to give themselves to a man from any other considerations than real love, or to refuse to give themselves to their lover from fear of the economic consequences. When these people are in the world, they will care precious little what anybody today thinks they ought to do; they will make their own practice and their corresponding public opinion about the practice of each individual –and that will be the end of it.

The additional purchasing power which has to be sucked into the process of capitalist circulation can only come from outside capitalist relations of production properly called, through forcing non-capitalist social classes (essentially peasants and pre-capitalist landowners) ruinously to spend their revenue on capitalist commodities.

manufacturing false hierarchies based on race and gender in order to enforce a brutal class system is a very long story. Our modern capitalist economy was born thanks to two very large subsidies: stolen Indigenous land ​and stolen African people. Both required the creation of intellectual theories that ranked the relative value of human lives and labor, placing white men at the top. These church and state–sanctioned theories of white (and Christian) supremacy are what allowed Indigenous civilizations to be actively “unseen” by European explorers—visually perceived and yet not acknowledged to have preexisting rights to the land—and entire richly populated continents to be legally classified as unoccupied and therefore fair game on an absurd “finders keepers” basis.

Under NAFTA, businesses, their property and their money can travel back and forth across national borders with relative ease, while workers who try to do the same are dubbed illegal, and are snatched off the streets and off factory floors, and are carted back over the borders they crossed. In the "free market" of NAFTA, the freedom is for the wealth and personnel of the capitalists- the thieves- there is no corresponding freedom for the refugees of land theft and conquest whose only capital is their daily toil. Capitalism is the immense and widely celebrated ideological package used to rewrap theft as freedom, to recast imperialism as democracy. (273) Mexico Unconquered

Up until relatively recently, creating original characters from scratch wasn't a major part of an author's job description. When Virgil wrote The Aeneid, he didn't invent Aeneas; Aeneas was a minor character in Homer's Odyssey whose unauthorized further adventures Virgil decided to chronicle. Shakespeare didn't invent Hamlet and King Lear; he plucked them from historical and literary sources. Writers weren't the originators of the stories they told; they were just the temporary curators of them. Real creation was something the gods did. All that has changed. Today the way we think of creativity is dominated by Romantic notions of individual genius and originality, and late-capitalist concepts of intellectual property, under which artists are businesspeople whose creations are the commodities they have for sale.

The owner of the means of production is in a position to purchase the labor power of the worker. By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid, both measured in terms of real value. Insofar as the labor contract is "free," what the worker receives is determined not by the real value of the goods he produces, but by his minimum needs and by the capitalists' requirements for labor power in relation to the number of workers competing for jobs. It is important to understand that even in theory the payment of the worker is not determined by the value of his product.

The State provides a legal, orderly, systematic channel for the predation of private property; it renders certain, secure, and relatively “peaceful” the lifeline of the parasitic caste in society. Since production must always precede predation, the free market is anterior to the State. The State has never been created by a “social contract”; it has always been born in conquest and exploitation.

For the correct Marxist classification of the proletariat-the class which is forced by socio-economic compulsion to sell its labour-power to the capitalist owners of the means of production – implies that both variations in the level of the reserve army of labour, and the variegated relations between the ‘purely physiological’ and ‘moral-historical’ components of the value of labour-power,63 are of decisive importance for the proletarian’s immediate destiny.

The keystone of the Fascist doctrine is its conception of the State, of its essence, its functions, and its aims. For Fascism the State is absolute, individuals and groups relative.” I submit to you that this is the prevailing ideology in the United States today. This nation conceived in liberty has been kidnapped by the fascist State.

The consequences of this amassing of fortunes were first felt in the catastrophe experienced by small farmers in Europe and England. The peasants became impoverished, dependent workers crowded into city slums. For the first time in human history, the majority of Europeans depended for their livelihood on a small wealthy minority, a phenomenon that capitalist-based colonialism would spread worldwide. The symbol of this new development, indeed its currency, was gold. Gold fever drove colonizing ventures, organized at first in pursuit of the metal in its raw form. Later the pursuit of gold became more sophisticated, with planters and merchants establishing whatever conditions were necessary to hoard as much gold as possible. Thus was born an ideology: the belief in the inherent value of gold despite its relative uselessness in reality. Investors, monarchies, and parliamentarians devised methods to control the processes of wealth accumulation and the power that came with it, but the ideology behind gold fever mobilized settlers to cross the Atlantic to an unknown fate. Subjugating entire societies and civilizations, enslaving whole countries, and slaughtering people village by village did not seem too high a price to pay, nor did it appear inhumane. The systems of colonization were modern and rational, but its ideological basis was madness.

It is therefore only at the money moment—the moment of capitalist universality—that we can tell where we are in relation to value and surplus-value.

Is your name spelled C-A-P-I-T-A-L-I-S-T? Are you always a White Man?

But, the transformation — either into joint-stock companies and trusts, or into State-ownership — does not do away with the capitalistic nature of the productive forces. In the joint-stock companies and trusts, this is obvious. And the modern State, again, is only the organization that bourgeois society takes on in order to support the external conditions of the capitalist mode of production against the encroachments as well of the workers as of individual capitalists. The modern state, no matter what its form, is essentially a capitalist machine — the state of the capitalists, the ideal personification of the total national capital. The more it proceeds to the taking over of productive forces, the more does it actually become the national capitalist, the more citizens does it exploit. The workers remain wage-workers — proletarians. The capitalist relation is not done away with. It is, rather, brought to a head. But, brought to a head, it topples over. State-ownership of the productive forces is not the solution of the conflict, but concealed within it are the technical conditions that form the elements of that solution.

Cooperatives have lower absentee rates and less worker turnover than their conventional competitors. (For instance, the annual rate of turnover in the Mondragon cooperatives in 1974 was two percent, while in comparable capitalist firms it was 14 percent.)94 Members show relatively high individual work effort, tending to act as their own supervisors, at least to a greater degree than employees do elsewhere. Job rotation, where it happens, enhances the attractiveness of the work. And there are greater incentives to help one another than in a competitive environment.

What ‘relations of production’ in capitalist society represented for Karl Marx, ‘relations of definition’ represent for risk society. Both concern relations of domination (Beck 2002; Goldblatt 1996). Among the relations of definition are the rules, institutions and capabilities which specify how risks are to be identified in particular contexts (for example, within nation-states, but also in relations between them). They form at the legal, epistemological and cultural power matrix in which risk politics is organized (see chapters 9 and 10). Relations of definition power can accordingly be explored through four clusters of questions:

The tolerance for subaltern violence stands in inverse relation to the absoluteness of capitalist dominance and the consequent suffusion of a social formation with violence – the American allergy, in other words, is a pathology.

It was intended as an explanation of what would happen to labour, machinery, technology, the size of enterprises, the social structure of the population, the discontinuity of economic growth, and the relations between workers and work, as the capitalist mode of production unfolded all its terrifying potential.

The employee differs from a slave in the fact that he is free to change his job if he can, and in his right to spend his non-working hours as he pleases. The analogy that I wish to bring out is in relation to government. Tyrannies, oligarchies, and democracies differed in their relations to free men; in relation to slaves, they were all alike. Similarly in a capitalist industrial enterprise the power may be divided among investors monarchically, oligarchically, or democratically, but employees, unless they are investors, have no share in it whatever, and are thought to have as little claim as slaves were thought to have in antiquity.

From the very beginning of its history, the manifold social evils of capitalism have given rise to oppositional movements. The one I am concerned with in this book is cooperativism, specifically worker cooperativism. There are many other kinds of cooperatives, including those in the credit, agriculture, housing, insurance, health, and retail sectors of the economy. But worker cooperativism is potentially the most “oppositional” form, the most anti-capitalist, since it organizes production in anti-capitalist ways. Indeed, the relations of production that constitute worker cooperativism also define socialism in its most general sense: workers’ democratic control over production and, in some varieties, ownership of the means of production (whether such ownership is organized individually, by owning shares of equity, or collectively). As one common formulation states, in the worker co-op, labor has power over capital, or “labor hires capital.” In the conventional business, by contrast, capital has power over labor, i.e., “capital hires labor.” None of the other kinds of cooperativism directly rejects these capitalist power-relations, although some may signify an implicit undermining of capitalism insofar as the co-op exists not primarily for the sake of maximizing profit but for satisfying some social need.

But in fact, it is capitalistic accumulation itself that constantly produces, and produces in the direct ratio of its own energy and extent, a relativity redundant population of labourers, i.e., a population of greater extent than suffices for the average needs of the self-expansion of capital, and therefore a surplus-population.

More pertinent, however, is that capitalism tends to stultify the worker’s creativity, his human urge for self-expression, freedom, mutually respectful interaction with others, recognition of his self-determined sense of self, recognition of himself as a self rather than an object, a means to an end. Karl Marx called it “alienation.” Capitalism alienates the worker—and the capitalist—from his “fundamental human need” for “self-fulfilling and creative work,” “the exercise of skill and craftsmanship,”8 in addition to his fundamental desire to determine himself (whence comes the desire to dismantle oppressive power-relations and replace them with democracy). Alternative visions of social organization thus arise, including Robert Owen’s communitarian socialism, Charles Fourier’s associationist communalism, Proudhon’s mutualism (a kind of anarchism), Marx’s communism, Bakunin’s collectivist anarchism, Kropotkin’s anarchist communism, Anton Pannekoek’s council communism, and more recently, Murray Bookchin’s libertarian municipalism, Michael Albert’s participatory economics, Takis Fotopoulos’s inclusive democracy, Paul Hirst’s associationalism, and so on. Each of these schools of thought differs from the others in more or less defined ways, but they all have in common the privileging of economic and social cooperation and egalitarianism.

The black conservatives claim that the decline of values such as patience, deferred gratification, and self-reliance have resulted in the high crime rates, the increasing number of unwed mothers, and the relatively uncompetitive academic performances of black youth. And certainly these sad realities must be candidly confronted. But nowhere in their writings do the new black conservatives examine the pervasiveness of sexual and military images used by the mass media and deployed by the advertising industry in order to entice and titillate consumers. Black conservatives thus overlook the degree to which market forces of advanced capitalist processes thrive on sexual and military images.

Failure to recognize the historical specificity of the bourgeois conception of rights and duties leads to serious errors. It is for this reason that Marx registers...a vigorous indictment of the anarchist Proudhon... Proudhon in effect took the specifics of bourgeois legal and economic relations and treated them as universal and foundational for the development of an alternative, socially just economic system. From Marx's standpoint, this is no alternative at all since it merely re-inscribes bourgeois conceptions of value in a supposedly new form of society. This problem is still with us, not only because of the contemporary anarchist revival of interest in Proudhon's ideas but also because of the rise of a more broad-based liberal human rights politics as a supposed antidote to the social and political ills of contemporary capitalism. Marx's critique of Proudhon is directly applicable to this contemporary politics. The UN Universal Declaration of Human Rights of 1948 is a foundational document for a bourgeois, market-based individualism and as such cannot provide a basis for a thoroughgoing critique of liberal or neoliberal capitalism. Whether it is politically useful to insist that the capitalist political order live up to its own foundational principles is one thing, but to imagine that this politics can lead to a radical displacement of a capitalist mode of production is, in Marx's view, a serious error.

The prevalence and apparent sameness of the nuclear family hides the qualitative differences between working-class and capitalist families, the different social relations of reproduction within the working class and, consequently, the differences in the sources of male power and in the forms or kinds of oppressions shaping the lives of capitalist and working-class women.

The typical difference that Lenin underscores between the old and the new capitalism does in fact exist, but it bears no necessary causal relation to either competition or monopoly capitalism but is easier to explain in terms of differences between early and late phases of capital accumulation in any given capitalist country at a given stage in the evolution of its technology.

Moreover, the prison sentence, which is always computed in terms of time, is related to abstract quantification, evoking the rise of science and what is often referred to as the Age of Reason. We should keep in mind that this was precisely the historical period when the value of labor began to be calculated in terms of time and therefore compensated in another quantifiable way, by money. The computability of state punishment in terms of time—days, months, years—resonates with the role of labor-time as the basis for computing the value of capitalist commodities. Marxist theorists of punishment have noted that precisely the historical period during which the commodity form arose is the era during which penitentiary sentences emerged as the primary form of punishment.

But having developed productive forces to a tremendous extent, capitalism has become enmeshed in contradictions which it is unable to solve. By producing larger and larger quantities of commodities, and reducing their prices, capitalism intensifies competition, ruins the mass of small and medium private owners, converts them into proletarians and reduces their purchasing power, with the result that it becomes impossible to dispose of the commodities produced. On the other hand, by expanding production and concentrating millions of workers in huge mills and factories, capitalism lends the process of production a social character and thus undermines its own foundation, inasmuch as the social character of the process of production demands the social ownership of the means of production; yet the means of production remain private capitalist property, which is incompatible with the social character of the process of production. These irreconcilable contradictions between the character of the productive forces and the relations of production make themselves felt in periodical crises of overproduction, when the capitalists, finding no effective demand for their goods owing to the ruin of the mass of the population which they themselves have brought about, are compelled to burn products, destroy manufactured goods, suspend production, and destroy productive forces at a time when millions of people are forced to suffer unemployment and starvation, not because there are not enough goods, but because there is an overproduction of goods.

While professional women and ‘middleclass’ women in general run the risk of becoming isolated from the needs, concerns, and consciousness of working-class and nonprofessional women, the latter run the risk of falling into an anti-intellectualism that contributes to their oppression because it stands in the way of their attaining a clear analysis of their situation. Pursuing endless theoretical refinements that are never translated into dialogue and practical action is as ineffective as engaging in endless talks about personal problems and feelings without ever looking at them as social problems. These problems are social, not only in the sense of being shared by many women, but more importantly because they are socially determined and are the product of concrete and historically specific class, legal, and political relations and forms of consciousness

Additionally, using the forms of publicity that capitalist culture makes available for collective identifications, some of these sex publics have exposed contradictions in the free market economics of the right, which names nonmarital sex relations as immoral while relations of economic inequality, dangerous workplaces, and disloyalty to employees amount to business as usual, not provoking any ethical questions about the privileges only some citizens enjoy.

Imperialism is the object-less disposition of a state to expansion by force without assigned limits... Modern Imperialism is one of the heirlooms of the absolute monarchical state. The "inner logic" of capitalism would have never evolved it. Its sources come from the policy of the princes and the customs of a pre-capitalist milieu. But even export monopoly is not imperialism and it would never have developed to imperialism in the hands of the pacific bourgeoisie. This happened only because the war machine, its social atmosphere, and the martial will were inherited and because a martially oriented class (i.e., the nobility) maintained itself in a ruling position with which of all the varied interests of the bourgeoisie the martial ones could ally themselves. This alliance keeps alive fighting instincts and ideas of domination. It led to social relations which perhaps ultimately are to be explained by relations of production but not by the productive relations of capitalism alone.

There were, however, major differences between the respective upsurges of cooperativism in the 1880s and the 1960s, centered around the fact that the earlier one was part of a broad-based labor movement, unlike the later. Thus, the skilled and semi-skilled cooperators during the 1870s and 1880s explicitly used cooperatives as a way to guarantee employment, and arguably they were more ambitious, with their revolutionary hopes for a cooperative commonwealth. Their ideology, of course, was not the educated middle-class countercultural and anti-authoritarian one of the 1960s’ youth movements but “laborist,” “producerist,” devoted to the Jeffersonian ideal of a republic of free laborers, mostly artisans and craftsmen. Some scholars have argued that this fact proves the Knights of Labor were “backward-looking” rather than truly revolutionary—that the future lay in mass production, not skilled labor or artisanry168—but this criticism seems partly off the mark. It is true that the Knights were hostile to mechanization, just as workers have been in the era of the AFL-CIO, because in both cases it threatened to put them out of a job or to result in the lowering of wages and the deskilling of work. If this aversion to the degradation and mechanization of work is reactionary, so be it. But it is also a source of such revolutionary demands as democratization of production relations, cooperative organization of the economy, public ownership of industry, destruction of the capitalist class and its frequent tool the state, and other hopes cherished by millions of workers in the late nineteenth century.

In the songbun system, everyone is ranked among three main groups, based on their supposed loyalty to the regime. The highest is the “core” class made up of honored revolutionaries—peasants, veterans, or relatives of those who fought or died for the North—and those who have demonstrated great loyalty to the Kim family and are part of the apparatus that keeps them in power. Second is the “basic” or “wavering” class, made up of those who once lived in the South or had family there, former merchants, intellectuals, or any ordinary person who might not be trusted to have complete loyalty to the new order. Finally, lowest of all, is the “hostile” class, including former landowners and their descendants, capitalists, former South Korean soldiers, Christians or other religious followers, the families of political prisoners, and any other perceived enemies of the state. It is extremely difficult to move to a higher songbun, but it is very easy to be cast down into the lowest levels through no fault of your own. And as my father and his family found out, once you lose your songbun status, you lose everything else you have achieved along with it.

After World War II, the United States, triumphant abroad and undamaged at home, saw a door wide open for world supremacy. Only the thing called ‘communism’ stood in the way, politically, militarily, economically, and ideologically. Thus it was that the entire US foreign policy establishment was mobilized to confront this ‘enemy’, and the Marshall Plan was an integral part of this campaign. How could it be otherwise? Anti-communism had been the principal pillar of US foreign policy from the Russian Revolution up to World War II, pausing for the war until the closing months of the Pacific campaign when Washington put challenging communism ahead of fighting the Japanese. Even the dropping of the atom bomb on Japan – when the Japanese had already been defeated – can be seen as more a warning to the Soviets than a military action against the Japanese.19 After the war, anti-communism continued as the leitmotif of American foreign policy as naturally as if World War II and the alliance with the Soviet Union had not happened. Along with the CIA, the Rockefeller and Ford Foundations, the Council on Foreign Relations, certain corporations, and a few other private institutions, the Marshall Plan was one more arrow in the quiver of those striving to remake Europe to suit Washington’s desires: 1.    Spreading the capitalist gospel – to counter strong postwar tendencies toward socialism. 2.    Opening markets to provide new customers for US corporations – a major reason for helping to rebuild the European economies; e.g. a billion dollars (at twenty-first-century prices) of tobacco, spurred by US tobacco interests. 3.    Pushing for the creation of the Common Market (the future European Union) and NATO as integral parts of the West European bulwark against the alleged Soviet threat. 4.    Suppressing the left all over Western Europe, most notably sabotaging the Communist parties in France and Italy in their bids for legal, non-violent, electoral victory. Marshall Plan funds were secretly siphoned off to finance this endeavor, and the promise of aid to a country, or the threat of its cutoff, was used as a bullying club; indeed, France and Italy would certainly have been exempted from receiving aid if they had not gone along with the plots to exclude the Communists from any kind of influential role.

My take on the various components of Maoist politics varies, depending on the philosophical, theoretical, strategic, or methodological element in question. In general, I consider Maoism to be an internal critique of Stalinism that fails to break with Stalinism. Over many years, Mao developed a critical understanding of Soviet society, and of the negative symptoms it displayed. But at the same time, he failed to locate the cause of these symptoms in the capitalist social relations of the USSR and so retained many shared assumptions with the Stalinist model in his own thinking.

One way of minimizing costs is to figure out how to manufacture a product with the least possible resources. In the telecommunications industry, for example, the developed countries of the world have gone from using relatively expensive copper wire, to extremely inexpensive sand (silicon chips), to even less expensive satellite signals. Enormous natural resources (copper) have been conserved not because of environmental sensitivity but because of profit seeking in a competitive, capitalist economy. Thousands of similar examples could be cited, though environmentalists ignore these.

A capitalist society is ruled by egoism which sets the interests of the community against those of individuals, and places the interests of individuals above those of the community. Egoism inevitably results in social inequality and an increasing imbalance between rich and poor, and it produces conflicting relations among people. Egoism conflicts with the intrinsic nature of man as a social being. Because he is a social being capable of shaping his destiny only within the social community, man has an intrinsic need for collectivism. The Juche idea has made clear that the masses, and not an individual, are the driving force of the revolution and that collectivism, and not egoism, is an intrinsic requirement of man. The basic requirement of collectivism is that the interests of the collective should be placed above those of individuals, that the two types of interests should be harmonized and that the interests of individuals should be realized through the realization of those of the collective. That which is contrary to collectivism is not the individual interests themselves but egoism which seeks to satisfy only individual interests at the expense of collective interests.

Capitalism is nothing if it is not on the move. Marx is incredibly appreciative of that, and he sets out to evoke the transformative dynamism of capital. That’s why it is so very strange that he’s often depicted as a static thinker who reduces capitalism to a structural configuration. No, what Marx seeks out in Capital is a conceptual apparatus, a deep structure, that explains the way in which motion is actually instantiated within a capitalist mode of production. Consequently, many of his concepts are formulated around relations rather than stand-alone principles; they are about transformative activity.

Around the same time as Jon Kabat-Zinn invented MBSR, and Margaret Thatcher won power vowing to “liberate those who create wealth,”8 Michel Foucault identified the “neoliberal turn.” In this cultural shift, the French thinker explained, there is a dual style of government, extending far beyond political activity. Foucault refers to this concept as “governmentality,” which links power relations to processes of subjectification — or what he described as the “conduct of conduct.” In other words, neoliberal institutions exercise micro-levels of power, reformulating what it means to be a person, self and identity.

Marx saw how the successful struggle for a shorter working day caused a crisis for capital. These political economists do not: they see absolute surplus value as a reified abstract concept. Marx saw how that struggle forced the development of productivity-raising innovations which raised the organic composition of capital. He thus saw relative surplus value as a strategic capitalist response. These political economists do not: they see only competition between capitalists. Marx saw how workers' wage struggles could help precipitate capitalist crises. These political economists see only abstract "laws of motion.

New power meant a new relation to time. The lending of money against interest was considered "against nature" by the Church: money naturally was a means of exchange to buy necessities, not a capital that could work or bear fruits. During the seventeenth century even the Church abandoned this view-though reluctantly--to accept the fact that Christians had become capitalist merchants. Time became like money: I now can have a few hours before lunch; how shall I spend time? . . I am short of time so I can't afford to spend that much time on a committee; it's not worth the time . . . It world be a waste of time; I'd rather save an hour

Marxist writers are generally either indifferent or mildly hostile to the anti-capitalist movement, which they see as no good substitute for the great projects of communism and social democracy. Now, in one sense this is quite justified[…] However, there seems very little reason to believe that a return to the tactics of the twentieth-century labour movement is going to achieve anything in the future… [W]hat is wrong with commodification is not commodification per se… Marxist tradition goes much further than simply recommending that the excessive power of capital be challenged and curbed. Historically, this tradition tends to assert that such a challenge can only be made by virtue of a direct challenge to the existing relations of production, conceived of as the basis for a social totality, and, crucially, that it can only be made by the proletariat, politically mobilizes as a ‘Class of Itself’. In concrete terms, this means that only the labour movement, being organized and mobilized on the basis of its class identity and demanding the socialization of the means of production, can mount such a challenge… This is where I, and the anti-capitalist movement, part company with classical Marxism… [A]nti-capitalist movement is characterized by a certain pluralism, an unwillingness to impose any one model of social organization, and a refusal of neoliberal hegemony not on the basis of a single class identity or even a single universal human identity, but precisely n the basis of a defence of such pluralism against neoliberalism’s tyrannical monomania.

These ideas grew out of the Enlightenment; their roots are in Rousseau’s Discourse on Inequality, Humboldt’s Limits of State Action, Kant’s insistence, in his defense of the French Revolution, that freedom is the precondition for acquiring the maturity for freedom, not a gift to be granted when such maturity is achieved. With the development of industrial capitalism, a new and unanticipated system of injustice, it is libertarian socialism that has preserved and extended the radical humanist message of the Enlightenment and the classical liberal ideals that were perverted into an ideology to sustain the emerging social order. In fact, on the very same assumptions that led classical liberalism to oppose the intervention of the state in social life, capitalist social relations are also intolerable.

He introduces me to his political friends from across the spectrum. Conservatives who oo and ah and nod, telling me I'm just what this country is about. And so articulate! Frowning liberals who put it simply: my immoral career is counterproductive to my own community. Can I see that? My primary issue is poverty, not race. Their earnest faces tilt to assess my comprehension, my understanding of my role in this society. They conjure metaphors of boats and tides and rising waves of fairness. Not reparations -no, even socialism doesn't stretch that far. Though some do propose a rather capitalistic trickle-down from Britain to her lagging Commonwealth friends. Through economic generosity: trade and strong relations! Global leadership. The centrists nod. The son nods, too. Now that, they can all agree to.

The relationship between the social and the individual requires special emphasis in our own time, for never before have personal relations become so impersonal and never before have social relations become so asocial. Bourgeois society has brought all relations between people to the highest point of abstraction by divesting them of their human content and dealing with them as objects. The object—the commodity—takes on roles that formerly belonged to the community; exchange relationships (actualized in most cases as money relationships) supplant nearly all other modes of human relationships. In this respect, the bourgeois commodity system becomes the historical culmination of all societies, precapitalist as well as capitalist, in which human relationships are mediated rather than direct or face-to-face.

And finally, when unhappy people try to help others by founding or joining social movements, they often do more harm than good. There are good reasons to fear social movements made up of unhappy people who want to bring about social change. Those left-wing and right-wing social movements that have destroyed tens of millions of lives were not composed of happy people. They were composed of unhappy people who blamed their unhappiness on others (for Nazis, Jews; for Communists, capitalists) and who looked to movements of radical social change as a source of both happiness and meaning. While there are times when the social order is so oppressive (living under a totalitarian regime is the best example) that personal happiness is essentially impossible, in relatively free societies the sources of one’s unhappiness are far more likely to be personal than social.

The competition for accumulation requires that the capitalists inflict a daily violence upon the working class in the work place. The intensity of that violence is not under individual capitalists' control, particularly if competition is unregulated. The restless search for relative surplus value raises the productivity of labour at the same time as it devalues and depreciates labour power, to say nothing of the loss of dignity, of sense of control over the work process of the perpetual harassment by overseers and the necessity to conform to the dictates of the machine. As individuals, workers are scarcely in a position to resist, most particularly since a rising productivity has the habit of 'freeing' a certain number of them into the ranks of the unemployed. Workers can develop the power to resist only by class action of some kind — either spontaneous acts of violence (the machine-breakings, burnings and mob fury of earlier eras, which have by no means disappeared) or the creation of organizations (such as the unions) capable of waging a collective class struggle. The capitalists' compulsion to capture ever more relative surplus value does not pass unchallenged. The battle is joined once more, and the main lines of class struggle form around questions such as the application of machinery, the speed and intensity of the labour process, the employment of women and children, the conditions of labour and the rights of the worker in the work place. The fact that struggles over such issues are a part of daily life in capitalist society attests to the fact that the quest for relative surplus value is omnipresent and that the necessary violence that that quest implies is bound to provoke some kind of class response on the part of the workers.

...The gulag—with its millions of victims, if you listen to Solzehnitsyn and Sakharov—supposedly existed in the Soviet Union right down to the very last days of communism. If so—as I've asked before—where did it disappear to? That is, when the communist states were overthrown, where were the millions of stricken victims pouring out of the internment camps with their tales of torment? I'm not saying they don't exist; I'm just asking, where are they? One of the last remaining camps, Perm-35—visited in 1989 and again in '90 by Western observers—held only a few dozen prisoners, some of whom were outright spies, as reported in the Washington Post. Others were refuseniks who tried to flee the country. The inmates complained about poor-quality food, the bitter cold, occasional mistreatment by guards. I should point out that these labor camps were that: they were work camps. They weren't death camps that you had under Nazism where there was a systematic extermination of the people in the camps. So there was a relatively high survival rate. The visitors also noted that throughout the 1980s, hundreds of political prisoners had been released from the various camps, but hundreds are not millions. Even with the great fall that took place after Stalin, under Khrushchev, when most of the camps were closed down...there was no sign of millions pouring back into Soviet life—the numbers released were in the thousands. Why—where are the victims? Why no uncovering of mass graves? No Nuremburg-style public trials of communist leaders, documenting the widespread atrocities against these millions—or hundreds of millions, if we want to believe our friend at the Claremont Institute. Surely the new...anti-communist rulers in eastern Europe and Russia would have leaped at the opportunity to put these people on trial. And the best that the West Germans could do was to charge East German leader Erich Honecker and seven of his border guards with shooting persons who tried to escape over the Berlin Wall. It's a serious enough crime, that is, but it's hardly a gulag. In 1955[sic], the former secretary of the Prague communist party was sentenced to two and a half years in prison. 'Ah, a gulag criminal!' No, it was for ordering police to use tear gas and water cannons against demonstrators in 1988. Is this the best example of bloodthirsty communist repression that the capitalist restorationists could find in Czechoslovakia? An action that doesn't even qualify as a crime in most Western nations—water cannons and tear gas! Are they kidding? No one should deny that crimes were committed, but perhaps most of the gulag millions existed less in reality and more in the buckets of anti-communist propaganda that were poured over our heads for decades.

I have used the illustration of soap and hot water; one can imagine he is actually watching the scrubbing process, seeing the proletarian Founder emerging all new and respectable under the brush of this capitalist professor. The professor has a rule all his own for reading the scriptures; he tells us that when there are two conflicting sayings, the rule of interpretation is that "the more spiritual is to be preferred." Thus, one gospel makes Jesus say: "Blessed are ye poor." Another gospel makes Jesus say: "Blessed are ye poor in spirit." The first one is crude and literal; obviously the second must be what Jesus meant! In other words, the professor and his church have made for their economic masters a treacherous imitation virtue to be taught to wage-slaves, a quality of submissiveness, impotence, and futility, which they call by the name of "spirituality". This virtue they exalt above all others, and in its name they cut from the record of Jesus everything which has relation to the realities of life!

In America, too, the reality behind the words of the Declaration of Independence (issued in the same year as Adam Smith’s capitalist manifesto, The Wealth of Nations) was that a rising class of important people needed to enlist on their side enough Americans to defeat England, without disturbing too much the relations of wealth and power that had developed over 150 years of colonial history. Indeed, 69 percent of the signers of the Declaration of Independence had held colonial office under England. When the Declaration of Independence was read, with all its flaming radical language, from the town hall balcony in Boston, it was read by Thomas Crafts, a member of the Loyal Nine group, conservatives who had opposed militant action against the British. Four days after the reading, the Boston Committee of Correspondence ordered the townsmen to show up on the Common for a military draft. The rich, it turned out, could avoid the draft by paying for substitutes; the poor had to serve. This led to rioting, and shouting: “Tyranny is Tyranny let it come from whom it may.

Berkman and Goldman had met three years earlier, in the dim, smoke-filled dining room of Sachs’ Café on Manhattan’s Lower East Side. Sachs’ was the regular hangout of Yiddish-speaking radicals, poets, and free spirits. Goldman had found her way there after escaping a loveless marriage and oppressive relatives. She had felt that no one in her family understood her, and she couldn’t fathom why they weren’t as angry as she was about the injustices of American society. She seethed with anger over the highly publicized hanging of four anarchists. They had been wrongly convicted of conspiracy following the detonation of a bomb thrown by an unseen assailant at an 1886 labor rally for the eight-hour day on Chicago’s Haymarket Square. The executed men had been made into scapegoats. They were rounded up because of their views and given a sham trial to placate a disquieted public agitated by a yellow press who saw bearded, fiery-eyed foreign revolutionaries behind every strike and workers rally. The Goldmans had fled oppression in their native Russia only to find that capitalists were no better than czars.

To be critical of pronatalism is not equivalent to condemning parenthood; it is to shed light on its prescriptive nature and propose that it would be socially and ecologically desirable that parenthood cease to be considered as a natural instinct and/or a religious or a social duty. The ‘biological clock’ that some women claim to hear ticking is also a ‘social clock’ reminding them that whatever else may be going on in their lives, motherhood is their destiny, the road to social acceptance and integration. It is because parenthood is not a natural instinct, but socially and prescriptively imposed, that many people unsuited for family formation bear or adopt children; domestic violence and child abuse result from the often deadly interaction between sexual inequality and pronatalism. Today, pronatalist ideologies and social pressures continue to curtail women’s opportunities and ability to shape their future, and place them in a disadvantaged position relative to men, thus sustaining the inequality between men and women despite considerable gains in sexual liberation, civil rights, and economic opportunities for women.

But it's not your fault. You can't control what other people do. No, but I was responsible for my own actions. At some point we had abandoned responsibility and began fostering corruption in others so that we might shield ourselves from persecution by virtue of a common guilt. We did this in the name of profit, and we justified our crimes with the rationalization that, somewhere down the line, better people would safeguard our victims from us. I wasn't a looter or a moocher. I wasn't a producer either. None of us were. We certainly weren't capitalists. We were pillagers. Decency exists. That alone must make it important; even the great Darwin himself would say that. But we tried to cut decency out of others so as to lower the bar for ourselves. We are relative creatures. The man who teaches his slaves to read is a saint in a world where slavery is legal, and a monster where it isn't. We aren't born knowing if we're good or bad. We decide by comparing ourselves to others - and by that yardstick it's no different to measure by our own successes than our neighbors failures, save that it's easier to corrupt the neighbor.

There is no guarantee that a socialized economy will always succeed. The state-owned economies of Eastern Europe and the former Soviet Union suffered ultimately fatal distortions in their development because of the backlog of poverty and want in the societies they inherited; years of capitalist encirclement, embargo, invasion, devastating wars, and costly arms buildup; poor incentive systems, and a lack of administrative initiative and technological innovation; and a repressive political rule that allowed little critical feedback while fostering stagnation and elitism. Despite all that, the former communist states did transform impoverished countries into relatively advanced societies. Whatever their mistakes and political crimes, they achieved—in countries that were never as rich as ours—what U.S. free-market capitalism cannot and has no intention of accomplishing: adequate food, housing, and clothing for all; economic security in old age; free medical care; free education at all levels; and a guaranteed income. Today by overwhelming majorities, people in Russia and other parts of Eastern Europe say that life was better under communism than under the present freemarket system.

It is then simplest to think of the problem as follows: the purpose of commodity production is to convert the surplus value extracted from living labour into capital. But accumulation – the reproduction and expansion of capital – does not happen unless a sufficient magnitude of surplus value is produced. If the surplus value generated is insufficient then it only reproduces the part of capital that it is equal in value to – the rest becomes surplus capital. Capital is only fully “valorised” if it is reproduced and expanded. Grossman therefore says overaccumulation is produced by “imperfect valorisation”. This abstraction can be applied to ‘individual capital’, the capital owned by each individual capitalist, and total capital. Imperfect valorisation therefore explains cyclical crises. The total investment in production tends to grow faster relative to the growth of profits returned, because constant capital has to grow relative to variable capital. The mass of capital has continued to rise but at a declining rate. This is expressed as a falling rate of profit. There is a lack of surplus value relative to total capital  – an underproduction of surplus value is at once an overaccumulation of capital.

When we think without Marx's perspective, that is, without considering class interests and class power, we seldom ask why certain things happen. Many things are reported in the news but few are explained. Little is said about how the social order is organized and whose interests prevail. Devoid of a framework that explains why things happen, we are left to see the world as do mainstream media pundits: as a flow of events, a scatter of particular developments and personalities unrelated to a larger set of social relations - propelled by happenstance, circumstance, confused intentions, and individual ambition, never by powerful class interests - and yet producing effects that serve such interests with impressive regularity. Thus we fail to associate social problems with the socio-economic forces that create them and we learn to truncate our own critical thinking. Imagine if we attempted something different; for example, if we tried to explain that wealth and poverty exist together not in accidental juxtaposition, but because wealth causes poverty, an inevitable outcome of economic exploitation both at home and abroad. How could such an analysis gain any exposure in the capitalist media or in mainstream political life?

The question is not whether the world’s problems will become everyone’s problems, but on what terms they will. Militarized borders, resource wars, and inequality that grows as its ecological and economic faces interact: These are the features of a re-barbarized world, in which people and peoples do not even try to live in reciprocity or aim at any shared horizon beyond the ecological scarcity that presses down inequitably on everyone. The ways the world’s respectable powers have been pretending to build a global commonwealth, by growth and trade, have brought us here. Although the polite official response to global inequality is still to regret it and seek ways to mitigate it, the rising political tide is a cruder and more candid call to maintain your own relatively and (temporarily) secure place in it against whoever would take it away. There is neither time enough nor world enough—we would need several worlds with comparable resources—to grow and trade our way to a global capitalist version of commonwealth. But the notorious fact that in the long run we are all dead, and so is the world, has become a perverse source of comfort to those who think they can ride out disaster long enough for their own purposes, until their own lights go out.

The specific nature of capitalist commodity production shows itself in the fact that it is not simply a labour process in which products are created by the elements of production M and L. Rather the capitalistic form of commodity production is constructed dualistically – it is simultaneously a labour process for the creation of products and a valorisation process. The elements of production M and L figure not only in their natural form, but at the same time as values c and v respectively. They are used for the production of a sum of values, w, and indeed only on condition that over and above the used up value magnitudes c and v there is a surplus s (that is, s = w - c + v). The capitalist expansion of production, or accumulation of capital, is defined by the fact that the expansion of M relative to L occurs on the basis of the law of value; it takes the specific form of a constantly expanding capital c relative to the sum of wages v, such that both components of capital are necessarily valorised. It follows that the reproduction process can only be continued and expanded further if the advanced, constantly growing capital c + v can secure a profit, s. The problem can then be defined as follows – is a process of this sort possible in the long run?”[68]

The Renaissance deepened the influence of medieval development with its striving towards capitalistic economic and social system only in so far as it confirms the rationalism which now dominates the whole intellectual and material life of the time. [...] They are arecreation of the same spirit which makes its way in the organization of labour, in trading methods, the credit system and double-entry book keeping, in methods of government, in diplomacy and warfare. The whole development of art becomes part of the total process of rationalization. The irrational ceases to make any deeper impression. The things that are now felt as 'beautiful' are the logical conformity of the individual parts of a whole, the arithmetically definable harmony of the relationships and the calculable rhythm of a composition, the exclusion of discords in the relation of the figures to the space they occupy and in the mutual relationship of the various parts of the space itself. And just a central perspective is space seen from a mathematical standpoint, and right proportions are only equivalent to the systematic organization of the individual forms in a picture, so in the course of time call criteria of artistic quality are subjected to rational scrutiny and all the laws of art are rationalized.

Women's studies classes do not have to be a struggle for power between white women and women of color, yet that is often what they are because of white women's racism. White women must understand that the anger of women of color express in and outside of the classroom towards them is not an issue of "hurt feelings" or "misunderstandings". to reduce our experience of that racism to "misunderstandings" is both racist and reductionist. It is akin to men telling women that we are overreacting to their sexism. The anger of women of color is a rational, response to our invisibility. It is a rational response to a racist, sexist, capitalist structure. It is not constructive for white women to tell us that our anger is making it hard for them to relate to us, that our anger makes them feel uncomfortable, that we are not willing to find common alliances with them. This is a classic example of white women's racism. They fail to realize that in telling us there is no place for our rage, they are becoming a part of what is colonizing us---the denial of our reality. They have to accept the fact that they don't understand our experiences and have an opportunity to learn something, maybe even about themselves as opposed to wanting to shut us up. Only then can any true understanding result among us.

The exaggeration of the definiteness and importance of the dividing line between the capitalist class in that sense and the proletariat was surpassed only by the exaggeration of the antagonism between them. To any mind not warped by the habit of fingering the Marxian rosary it should be obvious that their relation is, in normal times, primarily one of cooperation and that any theory to the contrary must draw largely on pathological cases for verification. In social life, antagonism and synagogism are of course both ubiquitous and in fact inseparable except in the rarest of cases. But I am almost tempted to say that there was, if anything, less of absolute nonsense in the old harmonistic view—full of nonsense though that was too—than in the Marxian construction of the impassable gulf between tool owners and tool users. Again, however, he had no choice, not because he wanted to arrive at revolutionary results—these he could have derived just as well from dozens of other possible schemata—but because of the requirements of his own analysis. If class struggle was the subject matter of history and also the means of bringing about the socialist dawn, and if there had to be just those two classes, then their relation had to be antagonistic on principle or else the force in his system of social dynamics would have been lost.

If the symbolic father is often lurking behind the boss--which is why one speaks of 'paternalism' in various kinds of enterprises--there also often is, in a most concrete fashion, a boss or hierarchic superior behind the real father. In the unconscious, paternal functions are inseparable from the socio-professional and cultural involvements which sustain them. Behind the mother, whether real or symbolic, a certain type of feminine condition exists, in a socially defined imaginary context. Must I point out that children do not grow up cut off from the world, even within the family womb? The family is permeable to environmental forces and exterior influences. Collective infrastructures, like the media and advertising, never cease to interfere with the most intimate levels of subjective life. The unconscious is not something that exists by itself to be gotten hold of through intimate discourse. In fact, it is only a rhizome of machinic interactions, a link to power systems and power relations that surround us. As such, unconscious processes cannot be analyzed in terms of specific content or structural syntax, but rather in terms of enunciation, of collective enunciative arrangements, which, by definition, correspond neither to biological individuals nor to structural paradigms... The customary psychoanalytical family-based reductions of the unconscious are not 'errors.' They correspond to a particular kind of collective enunciative arrangement. In relation to unconscious formation, they proceed from the particular micropolitics of capitalistic societal organization. An overly diversified, overly creative machinic unconscious would exceed the limits of 'good behavior' within the relations of production founded upon social exploitation and segregation. This is why our societies grant a special position to those who specialize in recentering the unconscious onto the individuated subject, onto partially reified objects, where methods of containment prevent its expansion beyond dominant realities and significations. The impact of the scientific aspirations of techniques like psychoanalysis and family therapy should be considered as a gigantic industry for the normalization, adaption and organized division of the socius. The workings of the social division of labor, the assignment of individuals to particular productive tasks, no longer depend solely on means of direct coercion, or capitalistic systems of semiotization (the monetary remuneration based on profit, etc.). They depend just as fundamentally on techniques modeling the unconscious through social infrastructures, the mass media, and different psychological and behavioral devices...Even the outcome of the class struggle of the oppressed--the fact that they constantly risk being sucked into relations of domination--appears to be linked to such a perspective.

Though the avoidance of war is theoretically possible and would in his eyes be desirable, his preponderant opinion is that the higher race will arise and be trained in times of social disturbance and commotion — such times making them indeed necessary. Labor or socialistic crises seem to be principally in his mind — though ordinary wars may serve the purpose. The critical thing is that circumstances be of such a nature that the new organizing forces must either prevail or go under — only in this way will they be tested and bring out all their force, and only as they show overmastering force will the future (the right kind of future) be guaranteed. Relatively to the old, sick, moribund culture they will be 'barbarians' — not barbarians coming up from the slums and below, such as our capitalistic society now fears, but barbarians coming from above, of whom Prometheus was an instance, fresh, unspoiled conquering natures who look for material on which to impress themselves. It is men of this type — completer men, completer animals — who have always been the instruments for lifting the human level and establishing a higher culture, however fearful and violent they may have been in the first stages of the process — and they will be needed again. In answering the question, 'Where are the barbarians of the twentieth century?' he says, 'they will appear and consolidate themselves after immense socialistic crises — being elements capable of the greatest hardness against themselves and of guaranteeing the longest will.

Equity financing, on the other hand, is unappealing to cooperators because it may mean relinquishing control to outside investors, which is a distinctly capitalist practice. Investors are not likely to buy non-voting shares; they will probably require representation on the board of directors because otherwise their money could potentially be expropriated. “For example, if the directors of the firm were workers, they might embezzle equity funds, refrain from paying dividends in order to raise wages, or dissipate resources on projects of dubious value.”105 In any case, the very idea of even partial outside ownership is contrary to the cooperative ethos. A general reason for traditional institutions’ reluctance to lend to cooperatives, and indeed for the rarity of cooperatives whether related to the difficulty of securing capital or not, is simply that a society’s history, culture, and ideologies might be hostile to the “co-op” idea. Needless to say, this is the case in most industrialized countries, especially the United States. The very notion of a workers’ cooperative might be viscerally unappealing and mysterious to bank officials, as it is to people of many walks of life. Stereotypes about inefficiency, unprofitability, inexperience, incompetence, and anti-capitalism might dispose officials to reject out of hand appeals for financial assistance from co-ops. Similarly, such cultural preconceptions may be an element in the widespread reluctance on the part of working people to try to start a cooperative. They simply have a “visceral aversion” to, and unfamiliarity with, the idea—which is also surely a function of the rarity of co-ops itself. Their rarity reinforces itself, in that it fosters a general ignorance of co-ops and the perception that they’re risky endeavors. Additionally, insofar as an anti-democratic passivity, a civic fragmentedness, a half-conscious sense of collective disempowerment, and a diffuse interpersonal alienation saturate society, this militates against initiating cooperative projects. It is simply taken for granted among many people that such things cannot be done. And they are assumed to require sophisticated entrepreneurial instincts. In most places, the cooperative idea is not even in the public consciousness; it has barely been heard of. Business propaganda has done its job well.106 But propaganda can be fought with propaganda. In fact, this is one of the most important things that activists can do, this elevation of cooperativism into the public consciousness. The more that people hear about it, know about it, learn of its successes and potentials, the more they’ll be open to it rather than instinctively thinking it’s “foreign,” “socialist,” “idealistic,” or “hippyish.” If successful cooperatives advertise their business form, that in itself performs a useful service for the movement. It cannot be overemphasized that the most important thing is to create a climate in which it is considered normal to try to form a co-op, in which that is seen as a perfectly legitimate and predictable option for a group of intelligent and capable unemployed workers. Lenders themselves will become less skeptical of the business form as it seeps into the culture’s consciousness.

Therefore, when labour-saving technology reduces total socially necessary labour time (per commodity – for an increase in the number of commodities made may increase socially necessary labour time in absolute terms), there tends to be a relative fall in the surplus value contained in the total value of commodities, ie less surplus value per commodity, despite the fact that the rate of exploitation has increased, ie that each worker is now giving the capitalist more surplus labour time and therefore producing more surplus value relative to their necessary labour. As Grossman says: “Technological progress means that since commodities are created with a smaller expenditure of labour their value falls. This is not only true of the newly produced commodities. The fall in value reacts back on the commodities that are still on the market but which were produced under the older methods, involving a greater expenditure of labour time. These commodities are devalued.”[67] The very possibility of crisis is contained in the contradictory nature of the commodity. It is at once an object of use, or use-value, and something that can be exchanged for another thing, an exchange-value. Since different commodities contain different magnitudes of value and therefore cannot be directly exchanged, the creation of money proceeds logically and historically from the contradiction. It is not the exchange of commodities which regulates the magnitude of their value, but the magnitude of their value which controls their exchange value. Exchange-value is the only form in which the value of commodities can be expressed. Someone will buy a use-value because they need or want it, but only if they can exchange it for something else, ie money. If they do not have enough money, they cannot buy it, and profit goes unrealised. But to focus on this final ‘surface level’ aspect is what produces the mistaken underconsumptionist theory, for it forgets or ignores where it arose from – the dual character of the commodity.

The German Volk will believe me when I say that I would have chosen peace over war. Because for me, peace meant a multitude of delightful assignments. What I was able to do for the German Volk in the few years from 1933 to 1939, thanks to Providence and the support of numerous excellent assistants, in terms of culture, education, as well as economic recovery, and, above all, in the social organization of our lives, this can surely one day be compared with what my enemies have done and achieved in the same period. In the long years of struggle for power, I often regretted that the realization of my plans was spoiled by incidents that were not only relatively unimportant, but also, above all, completely insignificant. I regret this war not only because of the sacrifices that it demands of my German Volk and of other people, but also because of the time it takes away from those who intend to carry out a great social and civilizing work and who want to complete it. After all, what Mr. Roosevelt is capable of achieving, he has proved. What Mr. Churchill has achieved, nobody knows. I can only feel profound regret at what this war will prevent me and the entire National Socialist movement from doing for many years. It is a shame that a person cannot do anything about true bunglers and lazy fellows stealing the valuable time that he wanted to dedicate to cultural, social, and economic projects for his Volk. The same applies to Fascist Italy. There, too, one man has perpetuated his name for all time through a civilizing and national revolution of worldwide dimensions. In the same way it cannot be compared to the democratic-political bungling of the idlers and dividend profiteers, who, in the Anglo-American countries, for instance, spend the wealth accumulated by their fathers or acquire new wealth through shady deals. It is precisely because this young Europe is involved in the resolution of truly great questions that it will not allow the representatives of a group of powers who tactfully call themselves the “have” states to rob them of everything that makes life worth living, namely, the value of one’s own people, their freedom, and their social and general human existence. Therefore, we understand that Japan, weary of the everlasting blackmail and impudent threats, has chosen to defend itself against the most infamous warmongers of all time. Now a mighty front of nation-states, reaching from the Channel to East Asia, has taken up the struggle against the international Jewish-capitalist and Bolshevik conspiracy. New Year’s Proclamation to the National Socialists and Party Comrades January 1, 1942

Modern biomimicry is far more than just copying nature's shapes. It includes systematic design and problem-solving processes, which are now being refined by scientists and engineers in universities and institutes worldwide. The first step in any of these processes is to clearly define the challenge we're trying to solve. Then we can determine whether the problem is related to form, function, or ecosystem. Next, we ask what plant, animal, or natural process solves a similar problem most effectively. For example, engineers trying to design a camera lens with the widest viewing angle possible found inspiration in the eyes of bees, which can see an incredible five-sixths of the way, or three hundred degrees, around their heads. The process can also work in reverse, where the exceptional strategies of a plant, animal, or ecosystem are recognized and reverse engineered. De Mestral's study of the tenacious grip of burrs on his socks is an early example of reverse engineering a natural winner, while researchers' fascination at the way geckos can hang upside down from the ceiling or climb vertical windows has now resulted in innovative adhesives and bandages. Designs based on biomimicry offer a range of economic benefits. Because nature has carried out trillions of parallel, competitive experiments for millions of years, its successful designs are dramatically more energy efficient than the inventions we've created in the past couple of hundred years. Nature builds only with locally derived materials, so it uses little transport energy. Its designs can be less expensive to manufacture than traditional approaches, because nature doesn't waste materials. For example, the exciting new engineering frontier of nanotechnology mirrors nature's manufacturing principles by building devices one molecule at a time. This means no offcuts or excess. Nature can't afford to poison itself either, so it creates and combines chemicals in a way that is nontoxic to its ecosystems. Green chemistry is a branch of biomimicry that uses this do-no-harm principle, to develop everything from medicines to cleaning products to industrial molecules that are safe by design. Learning from the way nature handles materials also allows one of our companies, PaxFan, to build fans that are smaller and lighter while giving higher performance. Finally, nature has methods to recycle absolutely everything it creates. In natures' closed loop of survival on this planet, everything is a resource and everything is recycled-one of the most fundamental components of sustainability. For all these reasons, as I hear one prominent venture capitalist declare, biomimicry will be the business of the twenty-first century. The global force of this emerging and fascinating field is undeniable and building on all societal levels.

The agents of imperial demise would certainly be backed up by military power—the Chinese have never wavered in that view—but the agents would be many and varied: economic, legal, public relations—and electronic sabotage. The success of George Soros’s then recent speculative attack on the currencies of several East Asian nations impressed but appalled the Chinese (who have pegged their own currency to the dollar in part to discourage such tactics). Soros and his traders had driven down the value of these currencies, forcing them into line with their true worth! But that point was lost on Qiao and Wang, as it was lost on noncapitalists (i.e., most people) around the world, who saw only economic chaos in Asia created by Western capitalists. To the authors of Unrestricted Warfare, these attacks were a form of economic terrorism on par with bin Laden’s bombings of U.S. embassies in East Africa, Aum Shinrikyo’s sarin gas attack in the Tokyo subway, and the depredations of malicious hackers on the Internet. They “represent semi-warfare, quasi-warfare, and sub-warfare, that is, the embryonic form of another kind of warfare.” Such warfare knows no boundaries, and against it, borders have no meaning.

In Lenin's view, such changes were positive: nations, as products of capitalist economic relations, fitted into classic Marxist stage theory of development. Even Stalin, who differed on the implications for Soviet policy, agreed that nations were an inescapable phase through which all humans communities must pass. Ultimately, they (like, capitalism) would be superseded, but for precapitalist societies national development and nationalist movements were treated as progressive. Lenin drew a further distinction between great-power nationalism, which oppressed others, and small-power nationalism, which formed in response o it. In places - such as Russia - that had been responsible for national and colonial oppression of others, nationalism was to be combated without mercy and torn out by the roots. Among groups that had been victims of national or colonial oppression, by contrast-such as in the tsarist imperial periphery, where Russian power had created deep economic, political, and social resentment-the Leninist approach was to build socialism while encouraging indigenous development and national differentiation.

Can there be such layers in international relations? Layers, say, of compassion and mercy, ambivalence and imagination, abjection and horror, forgiveness and history, industrialism and birdsong, power and faith? Well, there had better be. The world is not getting any easier to navigate. Might as well navigate it in all its layered complexity. It is the sort of ‘long revolution' the Welsh thinker Raymond Williams once sought to impose upon cultural and intellectual work within a capitalist society — to subvert and change it from within its very structures, not of exchange, but of communication. Well, I think it just got harder, because we must seek to understand communication and its foundations within societies we have never approached on their own terms before. And, in the clamour of industrialised and industrialising world politics, we must seek still to do it serenely. Seek to appreciate the flower, with myriad colours in its petals, surviving still at the mouth of the sewer that carries our fetid human and chemicalised wastes towards the gasping ocean.

The situation was similar in the Soviet Union, with industry playing the role of sugar in the Caribbean. Industrial growth in the Soviet Union was further facilitated because its technology was so backward relative to what was available in Europe and the United States, so large gains could be reaped by reallocating resources to the industrial sector, even if all this was done inefficiently and by force. Before 1928 most Russians lived in the countryside. The technology used by peasants was primitive, and there were few incentives to be productive. Indeed, the last vestiges of Russian feudalism were eradicated only shortly before the First World War. There was thus huge unrealized economic potential from reallocating this labor from agriculture to industry. Stalinist industrialization was one brutal way of unlocking this potential. By fiat, Stalin moved these very poorly used resources into industry, where they could be employed more productively, even if industry itself was very inefficiently organized relative to what could have been achieved. In fact, between 1928 and 1960 national income grew at 6 percent a year, probably the most rapid spurt of economic growth in history up until then. This quick economic growth was not created by technological change, but by reallocating labor and by capital accumulation through the creation of new tools and factories. Growth was so rapid that it took in generations of Westerners, not just Lincoln Steffens. It took in the Central Intelligence Agency of the United States. It even took in the Soviet Union’s own leaders, such as Nikita Khrushchev, who famously boasted in a speech to Western diplomats in 1956 that “we will bury you [the West].” As late as 1977, a leading academic textbook by an English economist argued that Soviet-style economies were superior to capitalist ones in terms of economic growth, providing full employment and price stability and even in producing people with altruistic motivation. Poor old Western capitalism did better only at providing political freedom. Indeed, the most widely used university textbook in economics, written by Nobel Prize–winner Paul Samuelson, repeatedly predicted the coming economic dominance of the Soviet Union. In the 1961 edition, Samuelson predicted that Soviet national income would overtake that of the United States possibly by 1984, but probably by 1997. In the 1980 edition there was little change in the analysis, though the two dates were delayed to 2002 and 2012. Though the policies of Stalin and subsequent Soviet leaders could produce rapid economic growth, they could not do so in a sustained way. By the 1970s, economic growth had all but stopped. The most important lesson is that extractive institutions cannot generate sustained technological change for two reasons: the lack of economic incentives and resistance by the elites. In addition, once all the very inefficiently used resources had been reallocated to industry, there were few economic gains to be had by fiat. Then the Soviet system hit a roadblock, with lack of innovation and poor economic incentives preventing any further progress. The only area in which the Soviets did manage to sustain some innovation was through enormous efforts in military and aerospace technology. As a result they managed to put the first dog, Leika, and the first man, Yuri Gagarin, in space. They also left the world the AK-47 as one of their legacies. Gosplan was the supposedly all-powerful planning agency in charge of the central planning of the Soviet economy.

In fact the position of workers as a class in relation to capitalists as a class means that they are not free. They must take the terms the capitalists offer them, or starve; and capitalists will only employ them under terms which allow surplus-value to be extracted from their labour.

Marx himself is quite explicit that the capitalist is not individually responsible for the economic relations of his society, but is controlled by these relations as much as the workers are (C I 10).

Use-values exist in the physical material world of things that can be described in Newtonian and Cartesian terms of absolute space and time. Exchange-values lie in the relative space-time of motion and exchange of commodities, while values can be understood only in terms of the relational space-time of the world market. (The immaterial relational value of socially necessary labor times comes into being within the evolving space-time of capitalist global development.) But as Marx has already convincingly shown, values cannot exist without exchange-values, and exchange cannot exist without use-values. The three concepts are dialectically integrated with one another.

If we were to consult the archaeological and historical records, many would now probably hold that the money-form didn’t arise the way that Marx proposes at all. I am inclined to accept that argument, but then on top of it say the following—and this comes back to Marx’s interest in understanding a capitalist mode of production. Under capitalism, the money-form has to be disciplined to and brought into line with the logical position that Marx describes, such that the money-form reflects the needs of a system of proliferating exchange relations. But by the same token (forgive the pun), it is the proliferation of commodity-exchange relations that disciplines any and all preceding symbolic forms to the money-form required to facilitate commodity-market exchange. The precursors of the money-form, which can indeed be found in the archaeological and historical record of coinage, have to conform to this logic to the degree that they get absorbed within capitalism and perform the function of money. At the same time, it should be clear that the market could not have evolved without that disciplining taking place. Though the historical argument is weak, the logical argument is powerful.

In the age of industrial labour, the mind was put to work as a repetitive automatism, the neurological director of muscular effort. While industrial work was essentially repetition of physical acts, mental work is continuously changing its object and its procedures. Thus, the subsumption of the mind in the process of capitalist valorization leads to a true mutation. The conscious and sensitive organism is subjected to a growing competitive pressure, to an acceleration of stimuli, to a constant exertion of his/her attention. As a consequence, the mental environment, the info-sphere in which the mind is formed and enters into relations with other minds, becomes a psychopathogenic environment.

these people should remember that Marxism is fire and danger: the theoretical approach that not only manages to comprehend capitalist relations, but proposes the abolition of those relations. In other words, it’s the only joke that’s actually funny. Marxism sees the finely tuned logic of all currently existing societies, recognizes the absolute necessity of every element, and then pronounces the whole thing to be mad and stupid. It finally reveals that the rational world we’re living in now is in fact a fantasy world, full of snarks and grumpkins, as absurd as anything in the most overblown fictions.

Confucius has been more a symbol than an actual man, for both his supporters and his enemies. He has been an icon of China’s cultural heritage, a totem of imperial government, the archetypal human being, the face of oppression, the voice of transformation, the patron of learning, a tool for public relations, a spiritual guide, and the emblem of everything grand and everything bad about China. He has been both a reactionary and a revolutionary, a dictator and a democrat, a feudal lord and a capitalist, a brilliant scholar and a simple fraud, a xenophobe and a globalist, a pillar of authority and a dangerous dissident,

As a brief aside, nowhere in the writings of these thinkers, nor in the vast majority of works produced by later theorists in favor of free market capitalism, is the actual structure and process of production and distribution discussed. There is an explicit disconnect between “industry” and “business”, with the former related to the technical/scientific process of true economic unfolding; with the latter only pertaining to the codified market dynamics and pursuit of profit. As will be discussed more so in a moment, a central problem inherent to the capitalist mode of production is how advancements in the “industrial approach”, which can allow for increased problem resolution and the furthering of prosperity, have been blocked by the traditional, seemingly immutable tenets of the “business approach”. The latter has governed the actions of the former, to the disadvantage of the former's potential.

I have no patience for any “fairness”-driven complaints. Life isn’t fair, love isn’t fair, and as long as we breathe the free air of a capitalistic society, business will never be fair. Thirty years into my career, I have yet to hear a valid “that’s not fair” career-related complaint that wasn’t related to gender or racial bias. Ninety-nine percent of the time, the people complaining were underachievers that relied on their own lazy standards instead of common sense. They tried to do a good job instead of running a successful business.

American Republicans trumpet the value of negative liberty. The state is kept passive in relation to the people. Some people – the rich, powerful and well-connected – flourish, while the rest, the vast majority, live bland, banal lives or, in the case of a large underclass, lives of grim, grinding poverty and despair. The state extends no helping hand. American capitalist democracy is the creed of negative liberty. Many American citizens live in squalor, with minimal access to basic standards of health care. Tens of millions of Americans are poor, with no prospects. They are sustained by the illusion of the “American Dream”, which, in reality, is as rare as a lottery win. One in a million defies the odds and succeeds. For many of the rest, the dream is a nightmare.

In the most capital-intensive industry, automobiles, peak economy of scale was achieved at a level of production equivalent to 3-6% of market share.84 And even this level of output is required only because annual model changes (which arguably wouldn't pay for themselves without state capitalist subsidies) require an auto plant to wear out the dies for a run of production in a single year. Otherwise, peak economy of scale would be reached in a plant with an output of only 60,000 per year.85   In any case, these figures relate only to productive economy of scale. Increased distribution costs begin to offset increased economies of production, according to Borsodi's law, long before peak productive economy of scale is reached. According to an F.M. Scherer study cited by Adams and Brock, a plant producing at one-third the maximum efficiency level of output would experience only a 5% increase in unit costs.86 This is more than offset by reduced shipping costs for a smaller market.   The point of this digression is that the size of existing firms reflects the role of the state in subsidizing increased size by underwriting the inefficiencies of corporate gigantism--as Rothbard pointed out, the ways "our corporate state uses the coercive taxing power either to accumulate corporate capital or to lower corporate costs."87 A genuine free market economy would be vastly less centralized, with production primarily for local markets.

In interest-bearing capital, therefore, this automatic fetish is elaborated into its pure form, self-valorizing value, money breeding money, and in this form no longer bears any marks of its origin. The social relation is consummated in the relationship of a thing, money, to itself....Capital is now a thing, but the thing is capital. The money's body is now by love possessed." Karl Marx, Capital, Vol. 3, p. 516-517, containing a literary reference at the end there to Goethe, Faust, Part I. The context is Marx's discussion of how the commodity fetish's obfuscation of the true relations of capitalist production (i.e. the exploitation of labor) reaches its epitome in the form of interest-bearing capital (i.e. finance capital).

in the capitalist mode of production, free disposable time for the worker is a threat to her very existence, because material relations are such that free disposable time can only exist in the form of unemployment — the worker gains free time, but is simultaneously cut off from access to the product of social labor.

It also made an impression on Ford, one of the most virulently antiunion of Detroit’s new capitalist class.Yet he was also a financial pragmatist. Tired of losing money to keep the fresh tides of workers trained for only a few weeks’ worth of work—and with an eye toward removing the unionists’ main rallying issue, money—Ford announced in January 1914 a new profit-sharing plan that would boost workers’ pay to $5 for an eight-hour workday.10 That was more than double the $2.25 he had been paying for a nine-hour day. There was a very thick string attached. To qualify for the program, and the job, workers had to allow representatives from Ford’s new Sociological Department to inspect their homes to ensure the workers and their families were living clean lives of frugality and sobriety. They had to meet one of three criteria: be married and living with and taking care of their family; be single and over age twenty-two with “proven thrifty habits”; or under age twenty-two but providing sole support for relatives.11 Thousands were happy to make that trade and went to the Highland Park plant hoping to land one of the jobs. Ford, though, wound up hiring relatively few new workers—the vast majority of those already in the plant accepted the personal intrusions, and the money.

These days, nearly everyone claims to be democratic. I have even heard it claimed that the Chinese Communist Party is democratic. ‘Capitalist’, by contrast, is a word too often used as a term of abuse to be much heard in polite company. How do the institutions of the democratic state and those of the market economy relate to one another? Do corporations play an active part in politics, through lobbyists and campaign contributions? Do governments play an active part in economic life, through subsidies, tariffs and other market-distorting devices, or through regulation? What is the right balance to be struck

Senile imperialism What we are seeing then is this: the highest stage of capitalism has gone past its own high point and is elapsing as a historical epoch – automation is undoing the economic relations that underpin imperialism. The productive forces now demand a higher mode of production altogether. Monopoly capitalism had a chance of surviving despite the turmoil it wrought 100 years ago because it was still in its infancy, when the law of value still had plenty of life left in it given that full automation was a distant reality. Today imperialism is old and senile with nowhere left to go but ‘home’, and highly developed automation has brought the expiration of the law of value into view. This is being expressed, even as the world economy becomes increasingly integrated technologically, through the weakening of ‘globalisation’, which, contrary to neoliberal propaganda, was in retreat before the emergence of Britain’s ‘Brexit’ from the EU and the election of Trump. In 2015-16, the G20 economies introduced a record number of trade-restrictive measures, at 21 per month.[236] More precisely, the rising organic composition of capital in developing countries is undermining imperialist economic relations. Over-accumulations of capital are now so great that it is becoming more and more unprofitable to invest at home or overseas.

Over the past thirty years the orthodox view that the maximisation of shareholder value would lead to the strongest economic performance has come to dominate business theory and practice, in the US and UK in particular.42 But for most of capitalism’s history, and in many other countries, firms have not been organised primarily as vehicles for the short-term profit maximisation of footloose shareholders and the remuneration of their senior executives. Companies in Germany, Scandinavia and Japan, for example, are structured both in company law and corporate culture as institutions accountable to a wider set of stakeholders, including their employees, with long-term production and profitability their primary mission. They are equally capitalist, but their behaviour is different. Firms with this kind of model typically invest more in innovation than their counterparts focused on short-term shareholder value maximisation; their executives are paid smaller multiples of their average employees’ salaries; they tend to retain for investment a greater share of earnings relative to the payment of dividends; and their shares are held on average for longer by their owners. And the evidence suggests that while their short-term profitability may (in some cases) be lower, over the long term they tend to generate stronger growth.43 For public policy, this makes attention to corporate ownership, governance and managerial incentive structures a crucial field for the improvement of economic performance. In short, markets are not idealised abstractions, but concrete and differentiated outcomes arising from different circumstances.