Finance capital

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

 October 1, 2008  |  The Platypus Affiliated Society

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]
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Interview: Ernesto Laclau

 December 1, 2007  |  The Platypus Affiliated Society

CONFRONTING THE CONFUSION and fragmentation that wrought progressive politics in recent decades, Ernesto Laclau’s work attempts to theorize the path to the construction of a radical democratic politics. Drawing on Gramsci’s concept of hegemony to devise his own theory by that name, Laclau describes the processes of social articulation that creates popular political identities. By redefining democratic politics as the construction of hegemony, Laclau reminds political actors of the work necessary to construct the plurality of democratic structures vital to any emancipatory political project. [Read More]
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