Book reviews: Christian Marazzi Capital and Language: From the New Economy to the War Economy (trans. Conti G, intro. Hardt H), Semiotext(e), ; pp. Capital and Language: From the New Economy to the War Economy translation of Christian Marazzi, a Swiss-Italian economist emerging from the Italian. Paying Attention Dean Mathiowetz Volume 13, No. 3 University of California, Santa Cruz Fa ll, E-ISSN: X Christian Marazzi. Capital and.

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This article has no associated abstract. Carrette – – Routledge. Taking this idea a step further, Marazzi argues that in the New Economy, the general intellect is embodied in the ways that workers interact, rather than the ma- terial media of their interaction. What if we were also to consider language as a destruc- turing force, to attend directly to its moments of subversion, slippage, in its affective power to reconstitute the social world?

In particular it provides thought-provoking analyses on the changes to 20th century notions of base and superstructure, on the genesis and contradictions of the attention economy, and how the financialisation of savings and pensions involves workers in the wider capitalist system to a far greater extent than previous manifestations of capitalism.

This leads Marazzi to contend that The disproportion between the supply of information and the demand for attention is a capitalistic contradiction, an internal contradiction of the value form, of its being simultaneously commodity and money, a commodity increasingly accompanied by information and money-income, distributed in such as not to increase effective demand. This entry has no external links. Sign in to use this feature. Christopher Potts – unknown. Mathematical Discourse and Cross-Disciplinary Communities: Social Capital Versus Social Theory: To this end, Marazzi begins with the observation that the economy is not nature, but culture: Capital and Language first published in Italian in is the first of Marazzi’s works to be published in English.

Key to this is the performative abilities of language, the capacity not merely to utilise language to describe actions or events, but the capacity to actively perform tasks through linguistic utterances. Of course, the refusal of mainstream economists and policymakers to follow Marazzi and his kind has visited us with consequences that are by now all too familiar.


A crisis in the financial markets, he says, must be un- derstood as a crisis in the overproduction of this self-referentiality.

Christian Marazzi, Capital and Language: The critical question becomes who appropriates this value, and how. You cqpital commenting using your Facebook account.

But we never really have enough—we always face a deficit of attention. At other times, it veers toward the Habermasian, with its em- phasis on lwnguage action as a nearly frictionless path of semantic interaction.

This is, of course, thanks to the global financial and economic crisis that precipitated the staggering meltdown of late Profitability and the Xapital of the Global Crisis: Robert Pahre – – Social Epistemology 10 1: For this reason, people coming to this text to understand how transformations in capital might affect how we are to think about lan- guage will come up a bit short.

As such, whereas within the old economy the workers saw Capital as an exterior enemy which they could organise and resist, within the New Economy the masses identify success of the financial markets with their own personal economic success.

Marazzi describes how, in the earlier Fordist era, the economy faced a cri- sis at the points when demand could not keep up with dramatically accel- erating commodity production. Another area which Marazzi theorises, which has particular pertinence to media studies, is that of the attention economy.

Social and Political Philosophy categorize this paper. Rather, these machines made the cooperative financialization of the New Economy possible. Ceti medi senza futuro? Externally, crises demanded imperialism to maintain, as a Global South, countries that were sources of raw materials and dumping grounds for excess consumer goods.

Christian Marazzi, Capital and Affects: The Politics of the Language Economy – PhilPapers

Find it on Scholar. Translated by Gregory Conti. At some point, the question of whether market value refers to real value begins to circulate e. Notify me of new comments chrixtian email.

Of course, only a relatively small segment of cgristian, even in the US, are affluent enough to purchase the commodities that are bent upon capitaliz- ing on our attention in new ways. You are commenting using your Twitter account.

Capital and Affects: The Politics of the Language Economy

In the Post-Fordist economy the distinction between the real economy, in which material and immaterial goods are produced and sold, and the monetary-financial economy, where the speculative dimension dominates investor decisions, must be totally reconceived… In the New Economy language and communication are structurally and contemporaneously present throughout both the sphere of the production and distribution of goods and the sphere of finance, and it is for this very reason that changes in the world of work and modification in the financial markets must be seen as two sides of the same coin.


Current Issues and Future Challenges.

Here, Marazzi draws on historical studies of the early modern formation of monetary systems, which argue that money is a form of social cohesion. The starting point of the cjristian analysis presented by Marazzi in this text is that Begining in the second half of the ‘s, the prevailing analyses of the crisis of Fordism and the transition to post- … Read More […].

The Enigma of Capital: It is a scarce marazzk extremely perishable good… A wealth of information creates a poverty of attention. The key here according to Marazzi is that whereas previously savings had been concentrated in household economies — property and goods — in the New Economy the collective savings and pension schemes of regular people became bound to the success of the global financial market, whose continuing growth their own financial future was tied to.

In his parting words, Marazzi seems correspondingly hopeful that the sorts of social movements represented by the WTO protests, mobilized in large part through the Internet, point the way forward. Since the intensification of the communicative apparatus is accomplished through the Internet, we have good reasons—such as those offered by Jodi Dean and others—to doubt that this will be the case. A Reply to Fine and Saad-Filho. With regard to the last point in particular, Marazzi elaborates, to striking effect, an observation of Paolo Virno.