CHRISTIAN MARAZZI CAPITAL AND LANGUAGE PDF

As such, whereas within the old economy the workers saw Capital as an exterior enemy which they could organise and resist, within the New Economy the masses identify success of the financial markets with their own personal economic success. With their savings invested in securities, workers are no longer separated from capital as they are, by virtue of its legal definition, in the salary relationship. Key to this is the performative abilities of language, the capacity not merely to utilise language to describe actions or events, but the capacity to actively perform tasks through linguistic utterances. Another area which Marazzi theorises, which has particular pertinence to media studies, is that of the attention economy. We are in a situation of information glut, of an excess, an overload of information. The Sunday edition of the New York Times contains more information than all of the written material available to readers in the 15th Century.

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As such, whereas within the old economy the workers saw Capital as an exterior enemy which they could organise and resist, within the New Economy the masses identify success of the financial markets with their own personal economic success. With their savings invested in securities, workers are no longer separated from capital as they are, by virtue of its legal definition, in the salary relationship.

Key to this is the performative abilities of language, the capacity not merely to utilise language to describe actions or events, but the capacity to actively perform tasks through linguistic utterances. Another area which Marazzi theorises, which has particular pertinence to media studies, is that of the attention economy.

We are in a situation of information glut, of an excess, an overload of information. The Sunday edition of the New York Times contains more information than all of the written material available to readers in the 15th Century.

Back then the problem was not finding the time to read, but finding enough reading material to fill up the time. It is a scarce and extremely perishable good… A wealth of information creates a poverty of attention.

This leads Marazzi to contend that The disproportion between the supply of information and the demand for attention is a capitalistic contradiction, an internal contradiction of the value form, of its being simultaneously commodity and money, a commodity increasingly accompanied by information and money-income, distributed in such as not to increase effective demand.

In particular it provides thought-provoking analyses on the changes to 20th century notions of base and superstructure, on the genesis and contradictions of the attention economy, and how the financialisation of savings and pensions involves workers in the wider capitalist system to a far greater extent than previous manifestations of capitalism.

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Capital and Language: From the New Economy to the War Economy

Most of the writers who contributed to the issue were locked up at the time in Italian jails I was trying to draw the attention of the American Left, which still believed in Eurocommunism, to the fate of Autonomia. The survival of the last politically creative movement in the West was at stake, but no one in the United States seemed to realize that, or be willing to listen. Put together as events in Italy were unfolding, the Autonomia issue—which has no equivalent in Italy, or anywhere for that matter—arrived too late, but it remains an energizing account of a movement that disappeared without bearing a trace, but with a big future still ahead of it. The movement itself was broken when Autonomia members were falsely accused of and prosecuted for being the intellectual masterminds of the Red Brigades; but even after the end of Autonomia, this book remains a crucial testimony of the way this creative, futuristic, neo-anarchistic, postideological, and nonrepresentative political movement of young workers and intellectuals anticipated issues that are now confronting us in the wake of Empire. He is the author of Overexposed: Perverting Perversions Semiotext e , Christian Marazzi, an Italian economist, lives in Switzerland.

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CHRISTIAN MARAZZI CAPITAL AND LANGUAGE PDF

A major theorist in the Italian postfordist movement offers a radical new understanding of the current international economic situation. But although his work is often cited by scholars particularly by those in the field of "Cognitive Capitalism" , his writing has never appeared in English. Capital and Language takes as its starting point the fact that the extreme volatility of financial markets is generally attributed to the discrepancy between the "real economy" that of material goods produced and sold and the more speculative monetary-financial economy. But this distinction has long ceased to apply in the postfordist New Economy, in which both spheres are structurally affected by language and communication.

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