Capital and Language: From the New Economy to the War by Christian Marazzi

By Christian Marazzi

The Swiss-Italian economist Christian Marazzi is likely one of the middle theorists of the Italian postfordist flow, in addition to Antonio Negri, Paolo Virno, and Bifo (Franco Berardi). yet even though his paintings is usually brought up through students (particularly via these within the box of "Cognitive Capitalism"), his writing hasn't ever seemed in English. This translation of his latest paintings, Capital and Language (published in Italian in 2002), eventually makes Marazzi's paintings on hand to an English-speaking viewers. Capital and Language takes as its start line the truth that the extraordinary volatility of monetary markets is usually attributed to the discrepancy among the "real financial system" (that of fabric items produced and offered) and the extra speculative monetary-financial economic system. yet this contrast has lengthy ceased to use within the postfordist New economic climate, during which either spheres are structurally plagued by language and verbal exchange. In Capital and Language Marazzi argues that the alterations in monetary markets and the transformation of work into immaterial exertions (that is, its reliance on summary wisdom, basic mind, and social cooperation) are only facets of an analogous coin. Capital and Language specializes in the motives at the back of the overseas fiscal and fiscal melancholy of 2001, and at the basic tool that the U.S. executive has seeing that been utilizing to stand them: conflict. Marazzi issues to capitalism's fourth level (after mercantilism, industrialism, and the postfordist end result of the recent Economy): the "War economic system" that's already upon us. Marazzi bargains a thorough new realizing of the present overseas financial level and an important post-Marxist tips for confronting capitalism in its latest shape. Capital and Language additionally offers a serious warning call to a Left nonetheless nostalgic for a Fordist construct--a time earlier than manufacturing facility became workplace (and workplace into home), and prior to exertions turned linguistic.

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Additional resources for Capital and Language: From the New Economy to the War Economy (Semiotext(e) / Foreign Agents)

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It is possible that this new nature of work, its being active life more than work separated from the biological-reproductive sphere, could lead to the end of the category of work. This analytical hypothesis, moreover, is the underlying basis for work reduction! redistribution models aimed at combating unemployment. It is a controversial issue which must be examined at some length. It is certainly true that, over the long run, the average life-time dedicated to salaried work has decreased substantially; over the span of the last century it decreased by half.

There have been multiple and wide-ranging changes that go from the streamlining and increased flexibility of productive processes to the externalizing of entire segments of the workforce (subcontracting, outsourcing); 48 ,I Capii:H� and Language from the delocalizing of production around the globe to the gener­ alized application of communicative technologies (virtualization) ; from the enhanced evaluation of the local territory as a complex social resource (industrial districts) to financial globalization.

Through the invention of the fictitious average day of the ficti­ tious average person, mixing together men and women, all age groups over I S , and even working people and nonworking people, this way of calculating the size of the various blocks of social time denies the heterogeneity of populations. It denies the social and per­ sonal importance of biographical rhythms, as though time had the same weight in the concrete lives of all individuals and was not expe­ rienced in subjectively different ways, as though someone working 8 hours in their active life were fictitiously living in their retirement.

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