Finance capital

Why financial capitalism is no more "fictitious" than any other kind

WITH THE PRESENT FINANCIAL MELT-DOWN in the U.S. throwing the global economy into question, many on the “Left” are wondering again about the nature of capitalism. While many will be tempted to jump on the bandwagon of the “bailout” being floated by the Bush administration and the Congressional Democrats (including Obama), others will protest the “bailing out” of Wall Street. The rhetoric of “Wall Street vs. Main Street,” between “hardworking America” and the “financial fat cats,” however, belies a more fundamental truth: the two are indissolubly linked and are in fact two sides of the same coin of capitalism. [Read More]

The Left is dead! Long live the Left!

Vicissitudes of historical consciousness and possibilities for emancipatory social politics today

The tradition of all dead generations weighs like a nightmare on the brains of the living. —Karl Marx, The 18th Brumaire of Louis Napoleon (1852) The theorist who intervenes in practical controversies nowadays discovers on a regular basis and to his shame that whatever ideas he might contribute were expressed long ago – and usually better the first time around. —Theodor W. Adorno, “Sexual Taboos and the Law Today” (1963) [Read More]

A Prelude to the History of the Left

THE PLATYPUS HISTORIANS GROUP is a collective of members of Platypus who are researchers into the history of the Left. We will be publishing this series on the History of the Left under this collective authorship to indicate the collaborative nature of our research and the questions it raises. Each article under this byline will be written by one or several members of this collective, but with contributions and review by as many others of this group as possible and appropriate to the topics essayed. [Read More]