Low Capex, High Market Cap: A New High for Corporate Sabotage?

Edward Lam Found amongst some recent market commentary the chart above seems to be quite striking evidence in favour of the Capital as Power framework. The data series have been put together by the investment bank UBS, based on their broad (though not comprehensive) global stock coverage. UBS has charted two lines: a) the stock […]

Continue Reading

No. 2013/01: Bichler & Nitzan, ‘Can Capitalists Afford Recovery?’

Abstract Economic, financial and social commentators from all directions and persuasion are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different question that few if […]

Continue Reading