Monthly Archives: June 2013

3rd Annual Conference – Capitalizing Power: The qualities and quantities of accumulation

June 26, 2013

Power from Above, Power from Below — Tim Di Muzio & Jonathan Nitzan   No Way Out: Crime, Punishment & the Capitalization of Power — by Jonathan Nitzan   New Dynamics of Power — Jeffrey Harrod & Herman Schwartz   Restructuring Against Resistance — Joseph Baines   What Happened to the Bondholding Class? — Sandy … Read More

2nd Annual Conference – The Capitalist Mode of Power: Past, Present, Future

June 26, 2013

Session I: STATE POWER, Forum on Capital as Power 2011 Session II: BANKING, MONEY, FINANCE (Part 1), Forum on Capital as Power 2011 SESSION III: KEYNOTE ADDRESSES, Bob Jessop & Randall Wray, Forum on Capital as Power 2011   SESSION IV: BUSINESS POWER, Forum on Capital as Power 2011   SESSION V: BANKING, MONEY, FINANCE … Read More

Decapitalization of the human genome

June 13, 2013

The U.S. Supreme Court has ruled [pdf] that pieces of the human gene cannot be patented. The ruling invalidated two high profile cancer detection patents awarded to Myriad Genetics (MYGN). The ruling upheld the patenting of synthetic DNA. This partial decapitalization of the human genome showed up as decumulation by the company. Compared to the one … Read More

The language of capitalism

June 13, 2013

In a Guardian op-ed, Doreen Massey explains how neoliberalism has altered the way we think and talk about the economy. While the general point is correct, the issue is much more fundamental than neoliberal ideology. The extent of the problem can be seen in the essay’s slugline: We should scrutinise the everyday language that shapes … Read More

Radiolab: Nanoseconds on the Market

June 3, 2013

The second part of this episode of Radiolab talks about the importance of nanoseconds when it comes to profitably making trades. The importance of this small difference led to a land grab as traders tried to get as close to the NYSE’s physical trading floor, since each foot of fiber optic cable between the trader … Read More

The Buy-to-Build Indicator: New Estimates and Comment

June 3, 2013

This note presents new long-term estimates of what Jonathan Nitzan and Shimshon Bichler (2002: 53-4, 82-3; 2009: Ch.15) have named the ‘buy-to-build indicator’, which is calculated as the value of mergers and acquisitions as a percentage of gross capital formation. Estimating the buy-to-build indicators is not simple, principally due to the absence of consistent series for expenditure on mergers and acquisitions. Nevertheless, … Read More

Protest and gold deccumulation

June 2, 2013

Activists confronted Barrick Gold CEO Peter Monk and shareholders at the company’s annual meeting. A Globe & Mail article suggested: “The long term outlook for Barrick shares hinges on many factors: the gold price is obviously the biggest driver, but the company also faces vociferous opposition from environmentalists and many residents around its mine sites, … Read More