So much to say about Patnaik--extremely good critique of Marx's assumption of 'normal capacity' in the determination of the value of labor-power vis-a-vis the tendency toward generalized overproduction. In other words, Patnaik contends Marx does not square this circle, that after
demonstrating the systemic tendency toward generalized overproduction, he does not provide any sufficient internal mechanism which could guarantee stability of capitalist development in spite of this tendency. Leads Patnaik toward a development of not just Marx's theory of value
Oct 4, 2022 • 4 tweets • 1 min read
the polycrisis in the interregnum of the blocked dialectic. contradictions are heightening 👀
awful been bouncing around in my head all day sorry just had to get it out
Sep 25, 2022 • 8 tweets • 2 min read
nothing annoys me more in climate change discourse than accusations of “ideological purity.” my perspective has nothing to do with “ideological purity,” it’s a question of correct vs incorrect or else naive assessments of proposed solutions, whether we are talking market reforms
or techno megaprojects like srm. if you prioritize capital accumulation, u will get substantive inequality, period. the capital system is uncontrollable, u will not be able to anticipate and inoculate from its inherent crises, u will simply distribute their effects onto the poor
Aug 13, 2022 • 16 tweets • 3 min read
been thinkin abt capitalism as the 'material basis for a newly shaped social life process' from marx line ecomodernists love to pull out and imo misinterpret, as this immensely revelatory insight into the revolutionary appropriation of productive forces developed under capitalism
the most obvi response is that marx himself, famously, warns against the abstraction of this line into universal necessity at beginning of 1st draft to zasulich. he reminds his more obtuse readers that 'capital' is a crit of pol econ as it emerged via industrialization in england