Semiotexte
The Violence of Financial Capitalism (Semiotext(e) / Intervention)
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Marazzi shows that individual debt and the management of financial markets are actually techniques for governing the transformations of immaterial labor, general intellect, and social cooperation. The financial crisis has radically undermined the very concept of unilateral and multilateral economico-political hegemony, and Marazzi discusses efforts toward a new geo-monetary order that have emerged around the globe in response. Offering a radically new understanding of the current stage of international economics as well as crucial post-Marxist guidance for confronting capitalism in its newest form, The Violence of Financial Capitalism is a valuable addition to the contemporary arsenal of postfordist thought. This expanded edition includes a new appendix for comprehending the esoteric neolanguage of financial capitalism—a glossary of "Words in Crisis," from "AAA" to "toxic asset."
Intervention series
Distributed for Semiotext(e)
Review by Bernard S : Finance Capital and biopolitics 
I found parts of this book very illuminating, particularly the third chapter, which passes from an analysis of the financial crisis considered from the "distributive" point of view to what Marazzi calls a "productive point of view." Only this shift, he tells us, allows us to avoid the impasses of time-worn reactions to separate finance capital as "parasitic" from the real economy of producing things; it allows us, instead, to see contemporary forms of finance as increasingly embedded in new forms of producing value. Marazzi offers an excellent of new phenomena like crowdsourcing, "free" labor and the emerging consumer-as-producer in order to show how the increasing externality of the capital to the producing process implies an entirely new concept of accumulation, one no longer focused on investing in constant and variable capital, but in summoning sources of free labor whose autonomous productivity is then siphoned off through apparatuses of capture (Marazzi, along with Carlo Vercellone, speak of the "capitalist rent" rather than profit to account for this new situation).
I don't know how good the translation is, and the technical aspects of the first two chapters make it hard for me to judge their value. But as I mention above, I think this book--or, really, the third chapter--is an important contribution to contemporary theories of "biocapitalism." I recently read Hardt and Negri's Commonwealth, which shares many of the theses of this book, but found this one more useful and insightful.
Again, whatever the translation problems I am truly grateful to semiotexte for publishing books like this, which no one else will publish.
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