Critiquing Capitalism Today

Frederick Harry Pitts is Lecturer in Management at the School of Economics, Finance and Management, University of Bristol, UK.

• 1. Introduction: Marxian Value Theory in New Times.- 2.  Value, Time and Abstract Labour.- 3. Money and the Exchange Abstraction.- 4. Labour in the Valorisation Process.- 5. Class, Critique and Capitalist Crisis.- 6. Immanence, Multitude and Empire.- 7. The Fragment on Machines.- 8. A Crisis of Measurability.- 9. Creative Industries and Commodity Exchange.- 10. Conclusion: From Postoperaismo to Postcapitalism.

“The theory of value introduced in this book abandons the dialectic, and seems to justify the capitalist mode of production via a sort of Millian utilitarianism, where the concept of ‘happiness’ is replaced by ‘social validation.’ Eventually, the crises of overproduction – necessary within the capitalist mode of production – would be deduced from ‘social validation,’ i.e., from an effect, and not from intrinsic causal laws.” (Dario Cositore, Contemporary Political Theory, Vol. 19 (4), December, 2020)