Christian Marazzi's Capital and Language: From the New Economy to the War PDF

By Christian Marazzi

ISBN-10: 1584350679

ISBN-13: 9781584350675

The Swiss-Italian economist Christian Marazzi is without doubt one of the middle theorists of the Italian postfordist stream, besides Antonio Negri, Paolo Virno, and Bifo (Franco Berardi). yet even though his paintings is usually brought up by way of students (particularly by means of these within the box of "Cognitive Capitalism"), his writing hasn't ever seemed in English. This translation of his latest paintings, Capital and Language (published in Italian in 2002), ultimately makes Marazzi's paintings on hand to an English-speaking viewers. Capital and Language takes as its place to begin the truth that the intense volatility of economic markets is usually attributed to the discrepancy among the "real economic climate" (that of fabric items produced and offered) and the extra speculative monetary-financial financial system. yet this contrast has lengthy ceased to use within the postfordist New financial system, during which either spheres are structurally tormented by language and verbal exchange. In Capital and Language Marazzi argues that the alterations in monetary markets and the transformation of work into immaterial hard work (that is, its reliance on summary wisdom, common mind, and social cooperation) are only facets of a similar coin. Capital and Language makes a speciality of the factors at the back of the overseas monetary and monetary melancholy of 2001, and at the fundamental device that the U.S. govt has when you consider that been utilizing to stand them: battle. Marazzi issues to capitalism's fourth degree (after mercantilism, industrialism, and the postfordist fruits of the recent Economy): the "War economic system" that's already upon us. Marazzi deals a thorough new knowing of the present foreign fiscal level and the most important post-Marxist assistance for confronting capitalism in its latest shape. Capital and Language additionally presents a warning sign to a Left nonetheless nostalgic for a Fordist construct--a time earlier than manufacturing facility became workplace (and place of work into home), and sooner than hard work turned linguistic.

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Financial markets would bring about what we might call the which­ everness ofnation-states, the dependence of the financing of public spending on the dynamics of the global financial market and returns on securities. Again, (global) public opinion was played against the concrete, local individuality of the nation-states . The international monetary circuit, which up until the late 1 970s rotated around the dollar as the national currency used in interna­ tional transactions, had now been replaced by the international financial circuit rotating around liquidity, or the capacity to create credit-debt in response to public demand for investment.

The dark corner of the self-reflective movement is, in this case, the Jact-that-one speaks. 'I take this woman as my lawfully wedded wife' refers to the reality produced by the say­ ing or the not saying, not to the reality ofthe saying. 'I speak,' on the other hand, refers instead to its own utterance as the salient event which it produces by the mere fact of being uttered. " The crisis of the financial markets reveals the bodiless self-refer­ entiality of financial language. The crisis of ordinary performatives reveals, instead, that the fact-that-one speaks can never be separated from a living body.

As Federico Chicchi has written, "What allows us to link more general sociological reflections on the crisis of modernity to more specific ones having to do with the risk of social exclusion can be traced to the growing hegemony of the 'cul­ ture of risk' in the social context; a context which seems increasingly describable as an uncertain and fluid space, pervaded by the crisis of the institutions whose role in modernity was to con­ nect the private sphere of life to the public" (Chicchi, 200 1 ) .

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Capital and Language: From the New Economy to the War Economy by Christian Marazzi


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