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March 22, 2006

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Nate

hi Jodi,

Re #1, yes.

Re #2, I guess it depends on what you think those institutions do. If civil society and markets went away one could still have a society with a prevalent form of the capital relation, one that would likely require a severely beefed up repressive state apparatus to keep it in motion. On the other hand, if all the cops and military and their private equivalents went away, capital wouldn't last very long - people would be able to not work and to take what they needed (hence no so-called silent compulsion of the market).

Okay just kidding re:#1, for real now: I admit I'm not the best on finance and all that, but my impulse is to say that there's no value produced by finance so something different's going on there. This could cash out in two ways. One an old fashioned (but not necessarily wrong) Marxist take, that this arrangement will produce crisis because there's no 'real' wealth produced. Another would be that if finance doesn't rely on surplus value - defined as command over labor - then it's a non sequitur, in that folks who take the command of/over/to labor as the primary problem could just ignore it and go about attacking the places where that command does exist. Also, I think the power to threaten goverments and all that is predicated on institutional power (repressive apparatus) and on control over production (ability to cut off goods).

This latter control over production, though, might not occur at the direct point of production but could come via chokepoints - economic embargoes, just like how organized longshore workers and truckers are able to impact far beyond their industries, because value that is not recouped is simply value lost, rather than accumulated. This is precisely the power that piquetero groups' roadblocks have been able to have in Argentina: commodities produced that can't circulate are in some ways even worse for the involved capitalists (loss on investment rather than not investing in the first place).

Best,
Nate

s0metim3s

Beverly Silver's Forces of Labor: Workers Movements and Globalization since 1870 is worth a read - and she's critical of the Operaisti for some very good reasons, but much of her take (as well as Giovanni Arrighi's) was developed as a dialogue with Alquati, Tronti and other Operaisti.

There's also Tronti's discussion of 'social capital', (which has much to do with finance and money assuming a particular role). And Sergio Bologna spent much more time on the topic of money, credit and than did Tronti, so maybe they're worth reading alongside eachother.

Jon

OK, Jodi, I note that the URL for this post is http://www.long-sunday.net/long_sunday/2006/03/3_questions_on_.html.

So what was the third question to have been? :)

Jodi

Jon--I feel so exposed!

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