Critiquing Capitalism Today

Frederick Harry Pitts is Lecturer in Management at the School of Economics, Finance and Management, University of Bristol, UK.

“The theory of value introduced in this book abandons the dialectic, and seems to justify the capitalist mode of production via a sort of Millian utilitarianism, where the concept of ‘happiness’ is replaced by ‘social validation.’ Eventually, the crises of overproduction – necessary within the capitalist mode of production – would be deduced from ‘social validation,’ i.e., from an effect, and not from intrinsic causal laws.” (Dario Cositore, Contemporary Political Theory, Vol. 19 (4), December, 2020)

• 1. Introduction: Marxian Value Theory in New Times.- 2.  Value, Time and Abstract Labour.- 3. Money and the Exchange Abstraction.- 4. Labour in the Valorisation Process.- 5. Class, Critique and Capitalist Crisis.- 6. Immanence, Multitude and Empire.- 7. The Fragment on Machines.- 8. A Crisis of Measurability.- 9. Creative Industries and Commodity Exchange.- 10. Conclusion: From Postoperaismo to Postcapitalism.