Activity

[...] Was not capital’s claim to a part of the revenues originally justified by its willingness to assume economic risk, with employees abandoning a part of the added value of their labour in exchange for a fixed remuneration, shielded from the vagaries of the market? Yet the new structural condi…

Understood as the option to exit an asset market at any moment, an option made possible by the certainty of finding a counterparty (a buyer) and by a volume of activity that assures the absorption of the exit transaction (the sale of titles) by the market without significant price variations, liqui…

[...] The justifications offered for contemporary transformations in employment practices – from longer work hours (‘it allows stores to open on Sundays’) to competition-enhancing deregulation (‘it lowers prices’) – always contrive to catch agents by ‘the joyful affects’ of consumption, appealing o…

[...] As can be expected, agents – both collective and individual – caught up in relations of dependence and placed in situations where they are obliged to defend vital interests – economic survival for enterprises, keeping their jobs for employees – are driven to externalise the bulk of the effort…

[...] to use a ballistic metaphor, one needs a launcher to ‘launch’ a business. One needs an initial amount (of energy/start-up capital) in order to be propelled past the critical threshold – the capitalist equivalent of escape velocity. From this follows a fundamental inequality with respect to th…