Artikel
The Asymptotes of Power
This is the latest in a series of articles we have been writing on the current crisis. The purpose of our previous papers was to characterize the crisis. We claimed that it was a 'systemic crisis', and that capitalists were gripped by 'systemic fear'. In this article, we seek to explain why. The problem that capitalists face today, we argue, is not that their power has withered, but, on the contrary, that their power has increased. Indeed, not only has their power increased, it has increased by so much that it might be approaching its asymptote. And since capitalists look not backward to the past but forward to the future, they have good reason to fear that, from now on, the most likely trajectory of this power will be not up, but down. The paper begins by setting up our general framework and key concepts. It continues with a step-by-step deconstruction of key power processes in the United States, attempting to assess how close these processes are to their asymptotes. And it concludes with brief observations about what may lie ahead.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Real-World Economics Review ; Year: 2012 ; Issue: 60 ; Pages: 18-53 ; Toronto: The Bichler and Nitzan Archives
- Klassifikation
-
Wirtschaft
- Thema
-
capitalization
distribution
power
systemic crisis
United States
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bichler, Shimshon
Nitzan, Jonathan
- Ereignis
-
Veröffentlichung
- (wer)
-
The Bichler and Nitzan Archives
- (wo)
-
Toronto
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
2025-03-10T11:42:50+0100
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Bichler, Shimshon
- Nitzan, Jonathan
- The Bichler and Nitzan Archives
Entstanden
- 2012
Ähnliche Objekte (12)
Growing through Sabotage: Energizing Hierarchical Power
Unbridgeable: Why Political Economists Cannot Accept Capital as Power
Capital as Power: Toward a New Cosmology of Capitalism
The Capital As Power Approach. An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan
The Mismatch Thesis. Fiction and Reality in the Accumulation of Capital
With their Back to the Future: Will Past Earnings Trigger the Next Crisis
The Business of Strategic Sabotage
Dominant Capital and the New Wars
The CasP Project: Past, Present, Future
A CasP Model of the Stock Market
How Capitalists Learned to Stop Worrying and Love the Crisis
Arms and Oil in the Middle East: A Biography of Research
Growing through Sabotage: Energizing Hierarchical Power
Unbridgeable: Why Political Economists Cannot Accept Capital as Power
Capital as Power: Toward a New Cosmology of Capitalism
The Capital As Power Approach. An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan
The Mismatch Thesis. Fiction and Reality in the Accumulation of Capital
With their Back to the Future: Will Past Earnings Trigger the Next Crisis
The Business of Strategic Sabotage
Dominant Capital and the New Wars
The CasP Project: Past, Present, Future
A CasP Model of the Stock Market
How Capitalists Learned to Stop Worrying and Love the Crisis
Arms and Oil in the Middle East: A Biography of Research
Growing through Sabotage: Energizing Hierarchical Power
Unbridgeable: Why Political Economists Cannot Accept Capital as Power
Capital as Power: Toward a New Cosmology of Capitalism
The Capital As Power Approach. An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan
The Mismatch Thesis. Fiction and Reality in the Accumulation of Capital
With their Back to the Future: Will Past Earnings Trigger the Next Crisis
The Business of Strategic Sabotage
Dominant Capital and the New Wars
The CasP Project: Past, Present, Future
A CasP Model of the Stock Market
How Capitalists Learned to Stop Worrying and Love the Crisis