capital

Today economic crisis is a capitalist crisis of social stability, not a simple recession, that is, a crisis that requires a realignment of class/power relations and new systems of governance in order to re-establish growth and accumulation^[1].

The ‘communism of capital’ – what could this awkward turn of phrase, this seeming paradox, mean? What might it signify with regards to the state of the world today? Does it have any relationship with the concept and reality of what we understand to be communism, and to what extent does it relate to the ways in which communist ideas, language and forms of organization are used presently? We can begin exploring the significance of the phrase by identifying some of the many conspicuous contexts in which elements of communism and capital meet today.

The Austrian born but French writing social philosopher and author André Gorz’s (1923-2007) important book The immaterial: Knowledge, value and capital is now available in English. The leftist radical post-Marxist theorist originally wrote the book in French, entitled L’immateriel. Connaissance, valeur et capital, five years before the international financial crisis hit the world in 2008.