Cochrane, Troy (October 24, 2017) Invitation [pdf]
McMahon, James (November 1, 2017) Invitation [pdf]
Economic growth is tightly correlated with the concentration of power in the hands of large corporations. Why? The capital as power framework provides potential answers that turn mainstream theory on its head: growth seems to be intimately related to the formation of hierarchy.
The current crisis, economists argue, happened due to a 'mismatch' between financial and real capital. The problem is the mismatch itself does not exist. The very distinction between 'real' and ‘financial’ capital is entirely fictitious.
Theorists and policymakers from all directions and of all persuasions remain obsessed with the prospect of recovery. For mainstream economists, the key question is how to bring about such a recovery. For heterodox political economists, the main issue is whether sustained growth is possible to start with. But there is a prior question that nobody seems to ask: can capitalists afford recovery in the first place?
This presentation will explore the linkages between corporate power and inequality, arguing that both the level and pattern of inequality in Canada closely shadow the differential power of capital.
Why does Hollywood lack originality? Why is Hollywood cinema so repetitive? This presentation will theoretically and empirically explain why Hollywood's so-called risk-aversion is strategic. The decline in risk is a sign of how the major distributors have been able to exercise greater and greater control over the social relations of cinema.
Through the early-20th century, the power of the De Beers’ diamond cartel was dwindling. Its resurrection came with WWII. The company’s reversal of fortune required the construction and maintenance of relations with romantic couples, industrial diamond users, multiple government agencies and diamonds themselves. This presentation will examine De Beers’ accumulation and the translation of these qualitative relationships into capital.
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 any seem concerned with: can capitalists afford recovery in the first place?
What does modern finance tell us about systemic fear and the future of capitalism?