Spiegel Online Analysis of Deutsche Bank’s Differential Misfortune

January 2, 2017

Deutsche Bank was a central figure of the 2008 global financial crisis. While some of its compatriots, such as Goldman Sachs, have re-ascended to the commanding heights of global capital, Deutsche remains a shadow of its former self as seen in the graph below (screenshot from Yahoo! Finance). A comparison of Deutsche Bank (DB) with … Read More

Trump, US Public Debt, and the Future of Global Financial Power

December 16, 2016

The following post is based loosely on my presentation at the first annual Thammasat University-Conference for Asia Pacific Studies in Phuket, Thailand (8-9 December 2016).  What a difference a few months makes. This past summer I published a piece in the European Journal of International Relations on the role of US Treasury securities as the … Read More

Logics AND the Logic of Accumulation

September 1, 2016

The presiding logic of capitalism is that of accumulation. CasP re-emphasizes and re-theorizes accumulation as ‘Moses & the Prophets’ of capitalism. However, Nitzan and Bichler’s theorization severs the link between accumulation and productivity that grounds both mainstream and critical value theory. Instead, they emphasize the meaning of the nominal quantities of capital as a translation … Read More

Protecting the Game from the Players

June 7, 2016

In certain circles, Charlie Munger is a demi-god. He is the vice-chairman of Berkshire Hathaway, the holding company controlled by the god of markets himself, or rather, Warren Buffett. The words spoken and written by both Buffett and Munger are treated as divine insights on the way the world works or ought to work. Recently, Munger … Read More

Corporate Taxation and the Power Theory of Value

May 4, 2016

This is a (longer) draft version of an article that is under consideration for the newsletter of the Tax Justice Network: Tax Justice Focus.  Taxation is all about power. We are constantly reminded of this when flipping through any newspaper (or browsing any news website). The Panama Papers, the stuff of which front page headlines … Read More

Why Diamonds and De Beers?, or The Need for Accumulation Studies

April 15, 2016

Preface. I successfully defended my dissertation in December. This served as the introductory presentation for the defence. In it, I explain what I tried to do with the dissertation, the methods I used, and the larger project I hope it is initiating. Specifically, I suggest there is a need for accumulation studies as a field … Read More

Social Change and the Bottom Line

April 14, 2016

The North Carolina legislature recently passed a law, widely known as the ‘Bathroom Bill,’ that bans anti-discrimination protections for gay and transgender people. The law has generated a lot of backlash from the general public and several high-profile musicians have cancelled scheduled appearances in the state. However, it is not just activists or celebrities who … Read More

From Global Oil Politics to Desire via Gas Prices

April 12, 2016

The Globe & Mail is reporting that the average fuel efficiency of new vehicles sold in 2014 dropped for the first time since 2011. The coverage suggests this is a response to falling prices at the gas pump. First, without access to the relevant data for a longer time period, it is difficult to know … Read More