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Fictitious Capital
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  1. Break Their Haughty Power
    Resource Type: Website
    Articles on capitalism, socialism, and revolution, from a left-Marxist perspective.
  2. Bubbles Always Burst: the Education of an Economist
    Resource Type: Article
    Published: 2015
    Spouting ostensible free market ideology, the pro-creditor mainstream rejects what the classical economic reformers actually wrote. One is left to choose between central planning by a public bureaucracy, or even more centralized planning by Wall Street’s financial bureaucracy. The middle ground of a mixed public/private economy has been all but forgotten, denounced as "socialism." Yet every successful economy in history has been a mixed economy.
  3. Fictitious Capital and Contracted Social Reproduction Today: China and Permanent Revolution
    Resource Type: Article
    Published: 2012
    Once gain, as in 1914, capital requires, in order to survive as capital, a vast devalorization of all existing values, however great the destruction of human beings and means of production which that entails.
  4. Marx on Financial Bubbles: Much Keener Insights Than Contemporary Economists
    Resource Type: Article
    Published: 2016
    While paying homage to Marx for his profound understanding of "the laws of motion of the capitalist mode of production," most contemporary economists argue that, nonetheless, his economic analysis cannot be of much service when it comes to the study of modern banking and big finance, since these are relatively recent, post-Marx developments. I will argue in this essay that, in fact, a careful reading of his work on "fictitious capital" reveals keen insights into a better understanding of the instabilities of today's financial markets.
  5. Marxism.ca
    Resource Type: Website
    Published: 2016
    A gateway to resources about Marxism compiled by Connexions.
  6. Other Voices: The Connexions Newsletter - April 9, 2015
    Resisting Neoliberalism

    Resource Type: Serial Publication (Periodical)
    Published: 2015
    Resisting neoliberalism: "free markets" and "free trade" are an ideological cover for what is actually a form of state capitalism in which working people subsidize and bail out corporations and the rich. In this edition of Other Voices, and more extensively on the Connexions website, we look at both neoliberalism and the resistance to it. The version of capitalism which became dominant by the 1980s has been given the name neoliberalism. The term refers to the global economic restructuring which has taken place, and to the accompanying shifts in the structures of power under which local and national governments have seen their ability to act independently curtailed by international treaties and by institutions which owe their ultimate allegiance to corporate capital. The essence of neoliberalism has been an unending campaign of class struggle by the rich against the rest. Yet resistance continues, and indeed continues to grow.
  7. Other Voices: The Connexions Newsletter - April 1, 2017
    April 1 issue

    Resource Type: Serial Publication (Periodical)
    Published: 2017
    Other Voices always strives to present you with alternative views on important topics. This issue offers some really alternative perspectives and even some "alternative facts." As always, read critically - and enjoy.
  8. Why Do Banks Really Want Our Deposits?
    Hint: It's Not to Finance Loans

    Resource Type: Article
    Published: 2014
    Many authorities have said it: banks do not lend their deposits. They create the money they lend on their books.


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