Capital

Democracy or Capitalism?

Joy of not being sold anything

Demo­cracy may have lost the battle but it can avoid los­ing the war. Let cap­ital be afraid. The rela­tion between demo­cracy and cap­ital has always been a tense one, of even total con­tra­dic­tion. Cap­it­al­ism only feels safe it is ruled by who­ever owns cap­ital or iden­ti­fies with its needs, whereas demo­cracy, on the con­trary, is the…

The Reactionary ‘Freeman-​on-​the-​land’ and a Political Fracture

Sean Keating

Freemen-​on-​the-​land is a reac­tion­ary west­ern move­ment which argues that law is based on con­sent. They dis­trib­ute legal advice, sug­gest­ing that people can and should refuse to accept the jur­is­dic­tion of the courts. This has become par­tic­u­larly import­ant in Ire­land recently, fol­low­ing the increas­ing fore­clos­ure on debts. The Irish Times reports over 100 ‘Freeman’-style argu­ments used in the…

#ACCELERATE MANIFESTO for an Accelerationist Politics

Indian-call-centers

Accel­er­a­tion­ism pushes towards a future that is more mod­ern, an altern­at­ive mod­ern­ity that neo­lib­er­al­ism is inher­ently unable to gen­er­ate. 01. INTRODUCTION: On the Con­junc­ture 1. At the begin­ning of the second dec­ade of the Twenty-​First Cen­tury, global civil­iz­a­tion faces a new breed of cata­clysm. These com­ing apo­ca­lypses ridicule the norms and organ­isa­tional struc­tures of the polit­ics which…

The Bias of Human Rights Watch

hrw

Over the past thirty years, Human Rights Watch has become one of the most recog­nized non-​governmental organ­iz­a­tions in the world due to its global pro­mo­tion of human rights. But des­pite its claims to be an advoc­ate of inter­na­tional human rights law, the reports issued by Human Rights Watch over the past dec­ade have increas­ingly exhibited…

Cypriots Discover the Debt Jubilee

ATM Out of Service

Depos­it­ors decim­ated by bail-​in. Come again? Cyp­ri­ots dis­cover the debt jubilee? Well yes actu­ally, that is basic­ally how depos­it­ors at Cyp­riot banks have been treated by the Troika, even if the decision to grab up to 9.9% of cash depos­its to fin­ance a bail out of the fin­ance sec­tor is being presen­ted as a tax or levy.…

Eco-​Technics: Notes on the Thought of Jean-​Luc Nancy

Nancy coins the term eco-​technics to describe the cur­rent global politico-​economic con­junc­ture. Hil­lis Miller explains: ‘“Eco” comes from the Greek word oikos, the house or home. The pre­fix “eco-​” is used more broadly now to refer to the total envir­on­ment within which one or another “liv­ing” creature “dwells”’ (Hil­lis Miller 2012, 66). Thus, at stake…

Blockupy Frankfurt 2013 — appeal for action this spring

Blockupy 2013

Blockupy 2013: pre­par­a­tions for 200 actions under­way “Res­ist­ance in the heart of Europe’s crisis régime” — under this slo­gan the Blockupy Alli­ance is plan­ning renewed inter­na­tional protests in Frank­furt this spring. In a nation­wide meet­ing on Sunday in Frankfurt’s DGB-​200 Act­ive House it was agreed to push on with pre­par­a­tions for the days of action and issue a written…

On the Right to Peace and the Environment

War and Destruction / Kuwait

Cap­it­al­ism, war and envir­on­mental decline in the era of European dom­in­ance are irre­voc­ably linked. Peace and the envir­on­ment are two equally wide-​reaching top­ics, and con­sequently they could be stud­ied sep­ar­ately and from a vari­ety of per­spect­ives. In this art­icle, we will endeav­our to demon­strate the rela­tion­ship between peace and the envir­on­ment start­ing with the idea that…

The Amazon Archipelago

Amazon facility Bad Hersfeld

On Wed­nes­day night prime Ger­man tele­vi­sion chan­nel ARD broad­cast under­cover report­age con­cern­ing the treat­ment of for­eign work­ers at Amazon’s huge dis­tri­bu­tion ware­house near Bad Hersfeld in cent­ral Ger­many. State par­lia­ment­ari­ans called the report “unspeak­able”, “shock­ing”, “bey­ond the pale”, and the Left Party spokes­per­son stated:

We call on the state gov­ern­ment to carry out promptly and with all at its dis­posal checks of the complainant’s social secur­ity fraud, the use of an appar­ent neo-​Nazi secur­ity com­pany through Amazon and the inhu­mane place­ment in a so-​called ‘resort’”.

Bad Hersfeld backs up against the old bor­der with East Ger­many at the point, the Fulda Gap, which the US determ­ined was the prime stra­tegic entry point for Soviet forces in any inva­sion of Europe. As a con­sequence this wooded up-​country became a back­wa­ter of barbed wire and check­points after the war. It is here that Amazon has had built one of its massive dis­tri­bu­tion centres for Ger­many, and it is here that under­cover report­ers infiltrated.

The Wealth Clock

Wealth Clock

A group of Ger­man trades uni­ons, aca­dem­ics, and mil­it­ants have attemp­ted to seize back the clock as a power­ful mode of polit­ical expres­sion with their “Wealth Clock”. It seems to be a dir­ect response to the rel­at­ive suc­cess of the US’s National Debt Clock, insti­tuted in the late 80s by prop­erty developer Sey­mour Durst, in impress­ing into the pub­lic con­scious­ness the claimed urgency of deal­ing with the US national debt, as a route to neo­lib­eral aus­ter­ity measures. Leaving aside the many argu­ments that can be lev­elled against Durst’s fears, the image of a con­stant up-​ticking of a national debt has had its echoes in European states, not least Bri­tain and Ger­many as flag-​bearers for austerity.

Coughing out the Law: Perversity and Sociality around an Eating Table

Ham Sandwich

Anthro­po­logy has amply shown us that social­ity does not have to be the product of shar­ing sub­jec­tion to a com­mon law. It was lunch­time at Sydney’s David Jones, Australia’s up-​market depart­ment store chain. So I headed down to the ‘food floor’. Whenever I have to shop at DJs I try to make sure I go there around mid­day, pre­cisely so I can…

A Bailout of the People by the People – Will it Work?

You're not aloan

From 15 Novem­ber 2012, a part of the Occupy Move­ment in the U.S. led by Strike Debt will be oper­at­ing a “Rolling Jubilee” which their web­site describes as:

A bail­out of the people by the people.

We buy debt for pen­nies on the dol­lar, but instead of col­lect­ing it, we abol­ish it. We can­not buy spe­cific indi­vidu­als’ debt — instead, we help lib­er­ate debt­ors at ran­dom through a cam­paign of mutual sup­port, good will, and col­lect­ive refusal.”

David Grae­ber, for example, has been tweet­ing about this enthu­si­ast­ic­ally and the Rolling Jubilee Face­book page has a pic­ture of Sla­voj Zizek hold­ing the linked “Strike Debt” logo and a state­ment claim­ing that he too sup­ports the cam­paign. My ini­tial reac­tion to the plan was open-​minded bemuse­ment and a ques­tion which I see keeps recur­ring on the Rolling Jubilee FB page: “How does this work?.”

In Germany insolvency law becomes financialised

insolvency

The Amend­ment of the Ger­man Bank­ruptcy Act,1 which came into effect six months ago, has opened the door to wide­spread abuse alleges the industry asso­ci­ation VID, which claims to rep­res­ent more than half of liquid­at­ors. “A few influ­en­tial and wealthy cred­it­ors now threaten to dom­in­ate pro­ceed­ings”, the VID chair­man Chris­toph Nier­ing said in Berlin. “In addition,…

The Political Economy of Indigenous Dispossession: Bare and Dispensable Lives in the Andes

Soscial Conflict, Cusco, Peru

The expan­sion of the extract­ive indus­tries has, as coun­ter­parts, first, the reac­tion of indi­gen­ous com­munit­ies in the defense of their com­munal goods (land, water, graz­ing, etc.), and second, the viol­ent counter-​attack of the state through police and mil­it­ary repres­sion, legit­im­ated many times by the of excep­tion (in Peru the “state of emer­gency”, a kind of state of excep­tion, has been applied by gov­ern­ments in pre­vi­ous years to con­trol socio-​environmental protests). Polit­ical eco­nomy and legal policy are both rel­ev­ant to this situ­ation and both are func­tion­ally connected.

In respect of polit­ical eco­nomy, let us bring to mind what David Har­vey calls “accu­mu­la­tion by dis­pos­ses­sion”, which is just the the­or­et­ical update of the “prim­it­ive accu­mu­la­tion” described by Karl Marx, that is to say: cap­it­al­ist expan­sion requires the viol­ent trans­form­a­tion of com­mon goods into com­mod­it­ies in order to be appro­pri­ated and then used by exchange mechanisms.

LIBOR (and other mythical beasts)

Chimaera

Mar­tin Wheat­ley, Brit­ish fin­an­cial reg­u­lator charged with solv­ing the LIBOR crisis, has returned from his Cru­sade car­ry­ing, we are told, a splinter of the True Cross which he assures us is cap­able of pro­cur­ing mir­acles. Not com­mon or garden mir­acles involving the lame, Galilean fish stocks, or talk­ing asses, no. Some­thing really impress­ive: announ­cing the actual…

The arms trade and the military-​industrial complex: a UK perspective

Excel armsfair, london

The UK has rated con­sist­ently as the fifth largest arms exporter in the world, trail­ing behind the USA, Rus­sia, Ger­many and France (in that order) since at the very least the year 2000[1]. Those exports notori­ously and under­stand­ably caused caco­phony when it was revealed that the UK was trans­fer­ring arms to repress­ive Middle East­ern and…

Finance’s contribution to GDP — another sleight of hand?

Man Ray - Hands

Yesterday’s pub­lic­a­tion of fur­ther dis­mal GDP data for the UK is an oppor­tun­ity to recon­sider its basis as the jus­ti­fic­a­tion for many aspects of the cur­rent neo­lib­eral order. Brack­et­ing out the ques­tion of whether eco­nomic growth is a valid lode­star for any just soci­ety, there comes the old but under-​frequented ques­tion1 about what con­sti­tutes growth and…

Securitisation outfit fined USD125m for obtaining false credit ratings

Mizuho Bank Head Office in Tokyp

In my pre­vi­ous post I asked some­what rhet­or­ic­ally what else banks had felt able to do dur­ing the credit crunch if the belief had arisen that “mar­ket sta­bil­ity” (sc. bank sur­vival”) trumped crim­inal law. The U.S. Secur­it­ies and Exch­nage Com­mis­sion (“SEC”) has obli­gingly provided an example. Yes­ter­day (19 July 2012) the Secur­it­ies and Exchange Com­mis­sion charged…