Capital

Unravelling Capitalism

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Joseph Choonara, Bookmarks Publications; £7.99

Last October the right wing Daily Mail reported that Karl Marx's Capital was a bestseller in Germany. Around the same time a Capital reading movement was initiated in over 30 different German universities by the student organisation associated with the left wing party Die Linke. More recently several groups of students at British universities including Birkbeck, King's College London and Oxford have begun similar projects (for example, see kclreadingcapital.blogspot.com).

Interview: David Harvey - Exploring the logic of capital

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Joseph Choonara spoke to acclaimed Marxist theoretician David Harvey about capitalism's current crisis and his online reading group of Karl Marx's Capital which shows the revival of interest in this work.

Some commentators view the current crisis as arising from problems in finance that then impinged on the wider economy; others see it as a result of issues that arose in production and then led to financial problems. How do you view it?

The value of money

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How do the billions wiped off the stock market relate to the rest of the capitalist system? Joseph Choonara goes back to Karl Marx to explain.

Pity money. Over recent months it has been "injected" into markets, "destroyed" in financial meltdowns and stock market collapses; it has been "devalued" and "revalued" and passed along the increasingly unfathomable webs spun by capital.

P is for production

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References to production come up all the time in Marxist writing.

Capitalism is a "mode of production". Social relations are rooted in "relations of production". Capitalist economies are repeatedly convulsed by "crises of overproduction". The ruling class rule because they control the "means of production". This emphasis on the centrality of production is sometimes characterised as "economic reductionism" because it is argued that the complexity of human life must be understood through a variety of different criteria which are beyond economic considerations.

A-Z of Socialism: C is for Capital

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Both across the social sciences and in popular parlance, there has emerged what has been termed a plethora of capitals.

There is not only economic capital but also fixed capital, human capital, social capital, environmental or natural capital, financial capital, and cultural, symbolic, intellectual, organisational, emotional and many other types of "capital". The term is indiscriminately used to cover any resource deployed in any context.

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