World of Lenidzky
“The question is: what means other than war could there be under capitalism to overcome the disparity between the development of productive forces and the accumulation of capital on the one side, and the division of colonies and spheres of influence for finance capital on the other?” —V.I. Lenin, Imperialism The sanctions on Russia for […]
In David Harvey’s early work The Limits to Capital, he develops the foundations of his spatial analysis of capitalism through a reading of all three volumes of Karl Marx’s Capital. This post focuses on the sections devoted to the centralization of capital and finance capital. While Harvey provides a series of insightful analyses regarding the […]
Reading: Capital III, ch. 21-26 For Marx, interest-bearing capital is a special form of capital. It has the peculiar quality, much like labor-power, that the consumption of its use-value is productive of surplus-value. This is the basis of interest in the capitalist system. Interest is simply the price paid for capital that can produce surplus-value. […]
World of Lenidzky 