I was lucky enough to lead my Capital reading group recently, with a reflection and discussion on chapters 4–6. Below are some thoughts on these chapters, specifically in relation to the transcendental appearance of value and the implications of Marxism as a method in the social sciences. Page numbers refer to the 1990 Penguin Classics edition of Capital: Volume 1, translated by Ben Fowkes.

“In truth, however, value is here the subject of a process in which, while constantly assuming the form in turn of money and commodities, it changes its own magnitude, throws off surplus-value from itself considered as…


Governor Steve Sisolak wants to make Nevada the “blockchain technology centre of the world”. How? Through numerous proposed “innovation zones”, including the Painted Rock Smart City, as a means of diversifying the state’s economy and kickstarting its post-COVID recovery. A proposed bill would give Jeffrey Berns (CEO of Blockchain LLC and Ethereum millionaire) the go-ahead to build a smart city with a projected 36,000 inhabitants on a 67,000-acre plot of land between Reno and Fernley purchased in 2018. …


“The Government should do what any good housewife would do if money was short — look at their accounts and see what was wrong.”

These words, spoken by Margaret Thatcher at her adoption meeting as a prospective Parliamentary candidate in 1949, would come to form a key component of contemporary economic common sense — that a nation’s economy is analogous to a household budget, and that a sensible caretaker of the economy would do well to cut their outgoings in times of financial hardship. The analogy was picked up by George Osborne to advocate for austerity in the wake of…


Teleoplexy remains the crucial break with left accelerationism. Within the piece, Land outlines a framework for celebrating acceleration not as a means to reach the technological capacity necessary to bring about the utopian desires of left accelerationists, but as an end in itself. AI is the logical extension of the explosion of modernity that began with primitive accumulation and should be exacerbated rather than hindered for redistributive aims. Rather than the historical materialist account of capitalism ending through class struggle and the establishment of socialism under dictatorship of the proletariat, the teleoplexy is a struggle between humans and machines, with…

Guy Cowman-Sharpe

PhD student in political economy. Research interests include tech, emerging markets and global production networks.

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