Tag: Finance
States of Indebtedness
Brandon Webb and Matthew Penney use Japanese state debt to show how both mainstream economics’ fiscal panic narratives and Modern Monetary Theory’s (MMT) closed economy model fail to account for how the monetization of public debt fuels speculative finance, redistributes wealth upward, and undermines social reproduction. A Marxist account of money does far better and points towards the need for a different, non-fetishized social form.
Jeffrey Epstein
Andrew Osborne analyzes the social dynamics that made Jeffrey Epstein an indispensable exemplar of the logic of capitalist appropriation before, ultimately, rendering him redundant.
The Centrality of Reproduction and the Question of Labor Power
Sean K. Isaacs reviews Rebecca Carson’s Immanent Externalities, arguing that social reproduction politics demands a recentering of labor power.
Banks on the Brink? The Origins, Nature, and Trajectory of the Crisis
What caused the SVB failure? Is a larger crisis on the horizon? Michael Roberts talks to Spectre’s Ashley Smith.