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 […]
Readings: Capital III, ch. 36, 27-32 I have yet to find a place in Volume III where Marx explicitly defines fictitious capital. This may be a result of the unfinished nature of Part Five of this volume, or an oversight on my part. The closest I have found is his reference to fictitious capital as […]
The section on so-called primitive accumulation (I do not know why it is “so-called”) is Marx’s most historical exposition in Volume I. It traces the period from approximately the 16th century to the early 19th century, which encapsulates the emergence of capitalism in England. As usual, Marx’s history is polemical—his primary focus is to smash […]
Readings: Capital I, ch. 25; Capital III, ch. 5, 6, 13-15 “Finally, the law which always holds the relative surplus population or industrial reserve army in equilibrium with the extent and energy of accumulation rivets the worker to capital more firmly than the wedges of Hephaestus held Prometheus to the rock. It makes an accumulation […]
World of Lenidzky 