Activity

[...] 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…

crucially ex ante, in the form of the monetary advance (‘at the start’), namely, as a stock of money-capital, and not as an ex post remuneration for labour-power

[...] If we understand by ‘finance’ the full set of mechanisms that allow agents to (temporarily) spend more than they earn, it is the ability to access money in the non-wage form of finance that identifies the potential capitalist. The fundamental difference is that money as wages is accessed in t…

with the hope of crossing the critical threshold of the process of accumulation by self-sustaining valorisation

[...] Spinoza proposes an altogether different mechanism of alienation: the real chains are those of our affects and desires. There is no such thing as voluntary servitude. There is only passionate servitude. That, however, is universal.