[p2p-research] Can Marxian Economics Explain the Crisis?

[Michel Bauwens]

and this is what was understood by Sylvio Gesell as well,

Michel

On Wed, Jan 13, 2010 at 1:00 AM, Kevin Carson <
free.market.anticapitalist at gmail.com> wrote:

> On 1/12/10, Andy Robinson <ldxar1 at gmail.com> wrote:
> > In Negri's 70s stuff, he argues that value is no longer relevant to
> > capitalism because of the closure of the passage from formal to real
> > subsumption - capitalism now sets value arbitrarily, by command.  He's
> > thinking of things such as Baudrillard's 'sign-value' I think, where
> value
> > is extracted based on something akin to rent on symbols.  Spivak has made
> a
> > similar argument about the global South and the 'expanded form of value'
> -
> > pure value extraction does not exist, capitalism coexists with other
> social
> > forms.  This makes it very hard to quantify 'real' value production -
> > capitalists might be making 'profits' which are only partly profits, and
> are
> > partly rents, fictional speculative income, extraction of surplus from
> non-
> > or quasi-capitalist economies, etc.
>
> The growing portion of profit that results from rents on IP is part of
> a larger phenomenon, described by Marxist theorists of monopoly
> capitalism earlier in the 20th century:  the extraction of surplus
> value through the production process is being surpassed by the
> extraction of super-profits through the exchange process.
>
>
> --
> Kevin Carson
> Center for a Stateless Society http://c4ss.org
> Mutualist Blog:  Free Market Anti-Capitalism
> http://mutualist.blogspot.com
> Studies in Mutualist Political Economy
> http://www.mutualist.org/id47.html
> Organization Theory:  A Libertarian Perspective
> http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html
>
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