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85

Money as a medium of vengeance: Colonial accumulation and proletarian practices

4
terms
2
notes

Haiven, M. (2020). Money as a medium of vengeance: Colonial accumulation and proletarian practices. In Haiven, M. Revenge Capitalism: The Ghosts of Empire, the Demons of Capital, and the Settling of Unpayable Debts. Pluto Press, pp. 85-108

85

[...] austerity-wracked municipalities increasingly turn to predatory fines and fees to make up for chronic budget shortfalls, which leads to often deadly altercations with police and prison systems for those who cannot pay. All of these examples, for Wang, are mechanisms by which the overarching crisis of capitalism in an age of financialization is displaced through the channels cut by centuries of white supremacy. [...]

on Carceral Capitalism. i just like the phrasing

—p.85 by Max Haiven 3 years, 11 months ago

[...] austerity-wracked municipalities increasingly turn to predatory fines and fees to make up for chronic budget shortfalls, which leads to often deadly altercations with police and prison systems for those who cannot pay. All of these examples, for Wang, are mechanisms by which the overarching crisis of capitalism in an age of financialization is displaced through the channels cut by centuries of white supremacy. [...]

on Carceral Capitalism. i just like the phrasing

—p.85 by Max Haiven 3 years, 11 months ago

songs of praise or triumph; things that expresses enthusiastic praise

92

a bullyboy paean to "the West" as the seat of progress in an otherwise dark world.

—p.92 by Max Haiven
notable
3 years, 11 months ago

a bullyboy paean to "the West" as the seat of progress in an otherwise dark world.

—p.92 by Max Haiven
notable
3 years, 11 months ago

(noun) the point in the orbit of an object (as a satellite) orbiting the earth that is at the greatest distance from the center of the earth / (noun) the point farthest from a planet or a satellite (as the moon) reached by an object orbiting it / (noun) the farthest or highest point; culmination

92

the free market represents the apogee of the Enlightenment

—p.92 by Max Haiven
notable
3 years, 11 months ago

the free market represents the apogee of the Enlightenment

—p.92 by Max Haiven
notable
3 years, 11 months ago

doxa (grk)

a Greek word meaning common belief or popular opinion (the root of words like orthodox and heterodox)

93

takes as doxa that liberal democratic states are less warlike

—p.93 by Max Haiven
notable
3 years, 11 months ago

takes as doxa that liberal democratic states are less warlike

—p.93 by Max Haiven
notable
3 years, 11 months ago
95

Capital expands endlessly and inevitably seeks to bring more and more aspects of the world into its orbit, but it also necessarily produces crises, first nad foremost for its exploited creators, proletarians, whose own reproduction is reduced to the barest minimum, and sometimes less than that. As capital drives competing capitalists to cut costs, workers' wages are cut or fall behind inflation, mechanization introduces less autonomy and greater dangers, the body is abused, social relations are mined, and [...] whole populations are abandoned when their exploitation proves unprofitable.

nice summary

—p.95 by Max Haiven 3 years, 11 months ago

Capital expands endlessly and inevitably seeks to bring more and more aspects of the world into its orbit, but it also necessarily produces crises, first nad foremost for its exploited creators, proletarians, whose own reproduction is reduced to the barest minimum, and sometimes less than that. As capital drives competing capitalists to cut costs, workers' wages are cut or fall behind inflation, mechanization introduces less autonomy and greater dangers, the body is abused, social relations are mined, and [...] whole populations are abandoned when their exploitation proves unprofitable.

nice summary

—p.95 by Max Haiven 3 years, 11 months ago

(adjective) relating to personal expenditures and especially to prevent extravagance and luxury / (adjective) designed to regulate extravagant expenditures or habits especially on moral or religious grounds / sumptuary law = law restricting consumption (notable during middle ages)

97

the passing of trade and sumptuary laws that would cause commodities that were common one day to become scarce the next and vice versa

—p.97 by Max Haiven
uncertain
3 years, 11 months ago

the passing of trade and sumptuary laws that would cause commodities that were common one day to become scarce the next and vice versa

—p.97 by Max Haiven
uncertain
3 years, 11 months ago