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 center theorists of the Italian postfordist move, in addition to Antonio Negri, Paolo Virno, and Bifo (Franco Berardi). yet even supposing his paintings is frequently brought up by means of students (particularly by way of 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), ultimately makes Marazzi's paintings on hand to an English-speaking audience.

Capital and Language takes as its place to begin the truth that the intense volatility of economic markets is usually attributed to the discrepancy among the "real economy" (that of fabric items produced and bought) and the extra speculative monetary-financial economic climate. yet this contrast has lengthy ceased to use within the postfordist New economic system, during which either spheres are structurally stricken 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 aspects of an analogous coin.

Capital and Language specializes in the factors in the back of the overseas financial and monetary melancholy of 2001, and at the fundamental tool that the U.S. govt has seeing that been utilizing to stand them: battle. Marazzi issues to capitalism’s fourth level (after mercantilism, industrialism, and the postfordist end result of the hot Economy): the "War Economy" that's already upon us.

Marazzi deals a thorough new realizing of the present foreign fiscal level and the most important post-Marxist counsel for confronting capitalism in its most recent shape. Capital and Language additionally presents a take-heed call to a Left nonetheless nostalgic for a Fordist construct—a time prior to manufacturing unit become workplace (and workplace into home), and ahead of exertions grew to become linguistic.

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Additional info for Capital and Language: From the New Economy to the War Economy

Sample text

I speak,' on the other hand, refers instead to its own utterance as the salient event which it produces by the mere fact of being uttered. " The crisis of the financial markets reveals the bodiless self-refer­ entiality of financial language. The crisis of ordinary performatives reveals, instead, that the fact-that-one speaks can never be separated from a living body. " In other words, the pure faculty of language (the absolute performative) is more universal, more powerful than the langue financiere.

By electing "the" convention, the multitude makes itselfinto a community, almost as the election of a sovereign transforms the multitude into a people (we need not recall here that this process of abstraction is also and always concretely violent; on the concept of the multitude in post-Fordism, see Zanini and Fadini, 200 1 ) . I n a strongly linguistic economic system, therefore, the crisis of a convention means the explosion of the body of the multitude, of the plurality of the individual differences which, once again, must face the, if you will, historical task of producing/electing a new convention.

A performative utterance is one in which saying something makes that something true. To the extent we use the term X to represent the state/function Y, we use X symbolically, we use it as a linguistic device. When, however, the term X has no physical support to which it linguisti­ cally refers, the linguistic act (saying X) becomes a productive act "in itself," comtitutive ofthefunction Y. For "chair" and "knife" the function of their use is written in the physicality of the chair and the knife.

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