Quote
http://rcpp.lensbased.net/post/117693164755/the-tale-of-robin-hood-retold
Since the strategy of playing the stock market to make money to invest in the common is ultimately reinforcing the logic of financialization rather than supporting an alternative. This position, which is quite common amongst Marxist and leftist milieus, seems to me to be based on a reading of financialization that sees it as a kind of “false economy" which is the opposed to the real value-producing activities of labor. But what if, following the lead of post-workerist Marxism, we thought about financialization as the answer of capital to the new conditions of production of value which are no longer exclusively contained in the wage-labor relation, and hence released from the classical labor theory of value? What if financialization was the “communism of capital” as described by Christian Marazzi? That is, seeing finance as a kind of ‘black mirror’ that reflects to us, darkly, the common as the new engine of production, which demands new ways of redistributing wealth, generating liquidity and allocating funding and investments? What if the future of production is the positing of a social and economic space, which precedes the division of labor and which can no longer be just compensated by wages, but rather requires a new allocation of risk, liquidity, cash flows and optionalities?
http://rcpp.lensbased.net/post/117693164755/the-tale-of-robin-hood-retold
Since the strategy of playing the stock market to make money to invest in the common is ultimately reinforcing the logic of financialization rather than supporting an alternative. This position, which is quite common amongst Marxist and leftist milieus, seems to me to be based on a reading of financialization that sees it as a kind of “false economy" which is the opposed to the real value-producing activities of labor. But what if, following the lead of post-workerist Marxism, we thought about financialization as the answer of capital to the new conditions of production of value which are no longer exclusively contained in the wage-labor relation, and hence released from the classical labor theory of value? What if financialization was the “communism of capital” as described by Christian Marazzi? That is, seeing finance as a kind of ‘black mirror’ that reflects to us, darkly, the common as the new engine of production, which demands new ways of redistributing wealth, generating liquidity and allocating funding and investments? What if the future of production is the positing of a social and economic space, which precedes the division of labor and which can no longer be just compensated by wages, but rather requires a new allocation of risk, liquidity, cash flows and optionalities?
http://rcpp.lensbased.net/post/117693164755/the-tale-of-robin-hood-retold
