
Capitalism in the Age of Catastrophe
The Newest Developments of Financial Capital in Times of Polycrisis
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Capitalism in the Age of Catastrophe
The Newest Developments of Financial Capital in Times of Polycrisis
About this book
This book analyses contemporary and future conditions of global finance and capitalism in an age of catastrophe. It illuminates the links between various crises that have beset the world economy in recent decades and sets these in philosophical context, drawing on the work of Marx, Bataille and Baudrillard to forge new understandings of the impact of capitalist hegemony on society and nature.
The book introduces the concept of the 'over' as a lens through which to reflect on capitalist excess and its negative consequences, such as over-accumulation of goods, over-pollution of the environment, and over-speculation of capital. In particular, it shines a light on the trends of financialization and stagflation, with chapters examining increasingly embedded features of the world economy such as hyper-inflation, the dominance of advanced economy central banks, the phenomenon of repurchase agreements, new asset managers for the ultra-wealthy and index funds to show how capitalist structures continue to drive inequality, ecological breakdown, and geopolitical precarity on a global scale. With a rigorous philosophical and theoretical framework, this book will appeal to political economists, Marxist economists and scholars interested in theories of capitalism.
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Table of contents
- Cover
- Front Matter
- 1. The Ecstatic of the Excess in Bataille, Baudrillard, and Marx
- 2. Overaccumulation and Crisis
- 3. The Hypertrophy of the Over: Speculative Capital and Derivatives
- 4. The Transformation of the Shareholder Concept and the New Asset Managers
- 5. Financial Capital: Leverage Power and Financial Infrastructure
- 6. The Financial Crisis as a Temporal Crash of the Over
- 7. State and Financial Market
- 8. Central Banks as Crisis Actors of the Over
- 9. The Phenomenon of Stagflation
- 10. Debt as a phenomenon of the Over
- 11. Finance, World Market, and Imperialism
- 12. The Capitalization of Nature
- 13. The Capitalocene and Fossil Capital (Overpollution)
- 14. The Ecstasy of Information: Big Tech and Platforms
- 15. Surplus Population
- Back Matter