In the preface to the 1872 French edition of the first volume of Capital, Marx warned those readers who zealously seek the truth that ‘there is no royal road to science and only those who do not dread the fatiguing climb of its steep paths have a chance of gaining its luminous summits’. In [...]
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Though Marx never developed a theory of the capitalisation of the state or of money creation, he did notice this relationship of getting something for nothing (that we discussed in Part 1 of this post) in the first volume of Capital: A Critique of Political Economy:
The state [...]
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The esteemed science fiction writer and Professor of Biochemistry at Boston University, Isaac Asimov once said that the most interesting phrase to hear in science is not ‘Eureka! I’ve found it’, but ‘gee, that’s funny.’ It turns out that the ‘gee, that’s funny’ moments are the most exciting [...]
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The recent stock-market crash has highlighted the financial tensions in China’s leadership’s current growth strategy.
It also highlights the changing relationship between state and capital in China.
In recent years, China has become home to one of the largest and most rapidly [...]
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