bnarchives.yorku.ca/1/02/040813BN_Dominant_Capital_&_the_New_Wars_(1PageVie…

Ξ November 12th, 2007 | → 0 Comments | ∇ Science |




In our view, the alternative is to think not of accumulation and power, but of accumulation as power. The Marxist belief, according to which surplus value is first `produced' by industrial capitalists and then `redistributed' through intra-class power struggle among the different fractions of the capitalist class, is a grand myth which has run its course. Instead, we argue that all capitalized earnings, regardless of their `source,' are reflections/expressions of power--the power of capitalists to shape and transform the course of society to their own ends. What is being `capitalized,' always, is not abstract labour, but power itself.

And since power, by its very nature, is differential, so is accumulation. This is the crux of the matter.

 

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