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Karl Marx in America: Readings for the Current Global Economic Crisis Joseph W.H. Lough, Ph.D. Filozofski fakultet Tuzla Blog:

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Presentation on theme: "Karl Marx in America: Readings for the Current Global Economic Crisis Joseph W.H. Lough, Ph.D. Filozofski fakultet Tuzla Blog:"— Presentation transcript:

1 Karl Marx in America: Readings for the Current Global Economic Crisis Joseph W.H. Lough, Ph.D. Filozofski fakultet Tuzla Blog: phone:

2 Review We owe our interpretive categories – freedom/necessity, public/private, master/slave, leisure/labor – to the Greeks Capitalism is an historical aberration, a novelty, that we owe to: - the weakness and fragmentation of western Europe - the desire of cloistered monks to regulate their prayers

3 Review Time and work discipline did not come “naturally” to those upon whom it was imposed Time and work discipline had to be “naturalized” Which provokes an interesting question: Are the categories through which we interpret our experience ever natural?

4 Review A Smith describes a world that is already fully formed; A Smith describes a world from the vantage point of its third cycle of capital accumulation What is GWF Hegel’s objection to the way that the British and French political economists describe the world?

5 Review What are the preconditions to GWF Hegel’s ability to grasp the universal? Why would grasping the universal necessarily lead to freedom? Why does GWF Hegel’s prediction fail to fully materialize?

6 Review If the Self-Moving Substance that is Subject is neither History nor the Industrial Proletariat, but is instead the sublime value form of the commodity, then How might this reshape our approach to emancipatory theory and action?

7 Review For K Marx, how are we to interpret M-C-M´? What accounts for M´? If we redistribute C, will this resolve the tension between value and its material form of appearance? If we redistribute M´, will this resolve the tension between value and its material form of appearance? If we socialize C and/or M´, will this resolve the tension between value and its material form of appearance?

8 Preview G Arrighi, The Long Twentieth Century, Intro. and Chapter One (Vanja Vehabovć) - What are the mechanisms propelling the world system forward? - What role does the state play in the accumulation and expansion of capital? - Has the world system reached an absolute limit?

9 Preview G Arrighi, The Long Twentieth Century, Intro. and Chapter One (Vanja Vehabović) - Why Europe? - What happened? - How are we to understand the three hegemonies of historical materialism?

10 Preview G Arrighi, The Long Twentieth Century, Chapter Two (Sandra Grandic) - Northern Italy’s role in the first cycle of capital accumulation - When investors are no longer able to achieve returns investing in the production of commodities - The contribution the Genoese made to the 15th century European wars

11 Preview G Arrighi, The Long Twentieth Century, Chapter Two (Sandra Grandic) - When investors are no longer able to achieve returns investing in the production of commodities - What is a hegemon? - How hegemony helps generate terminal conflicts

12 G Arrighi, Three Hegemonies What are the mechanisms propelling the world system forward? What role does the state play in the accumulation and expansion of capital? Has the world system reached an absolute limit?

13 G Arrighi, Three Hegemonies Why Europe? What happened? How are we to understand the three hegemonies of historical materialism?

14 G Arrighi, The Rise of Capital What was Northern Italy’s role in the first cycle of capital accumulation? What do investors do when investors are no longer able to achieve returns investing in the production of commodities? What contribution did the Genoese make to the 15th century European wars?

15 G Arrighi, The Rise of Capital What is a hegemon? How do hegemones help generate terminal conflicts?

16 G Arrighi, The Long Twentieth Century When did capitalism emerge for K Marx and what was its most salient feature? When did capitalism emerge for G Arrighi and what is its most salient feature? For K Marx are non-capitalist social formations more or less natural than capitalist social formations?

17 G Arrighi, The Long Twentieth Century For K Marx what is the central contradiction within capitalism? For G Arrighi what is the central contradiction within capitalism?

18 G Arrighi, The Long Twentieth Century Braudel’s “material life” is “use value,” “natural life,” the “system of needs” Braudel’s “material life” is short-hand for the “forces of production” Braudel’s “market” is “exchange value” or simply “value,” or the “private relations of production” Is Braudel’s “state” or “anti-market” good or bad?

19 G Arrighi, The Long Twentieth Century Is there any dimension of “material life,” “market,” and “anti-market” that helps us to differentiate capitalist from non- capitalist, or capitalist from “pre- capitalist” social formations? What for G Arrighi would distinguish a post-capitalist social formation from a capitalist social formation?

20 G Arrighi, The Long Twentieth Century For K Marx, is there any moment that an item of use is not also a bearer of abstract value under capitalism? For G Arrighi, what roles do time, labor, or abstract value play in the reproduction of the capitalist social formation? What for G Arrighi would distinguish a post- capitalist social formation from a capitalist social formation?

21 G Arrighi, The Long Twentieth Century If the state is the “anti-market” and the “market” and “material life” are features of all societies, does superseding capitalism entail anything more than redistributing the product and/or by-product (capital) of production? Does it touch the tension between abstract value and its material form of appearance? Does it touch capitalist production?

22 G Arrighi, The Long Twentieth Century What role does the social and historical constitution of knowledge play in G Arrighi's interpretation? Where is G Arrighi in his interpretation? Are G Arrighi's interpretive categories immanent or transcendental?

23 Preview G Arrighi, The Long Twentieth Century - The Dutch Cycle of Capital Accumulation - The British Cycle of Capital Accumulation


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