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The Swiss-Italian economist Christian Marazzi is one of the core theorists of the Italian postfordist movement, along with Antonio Negri, Paolo Virno, and Bifo (Franco Berardi). 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. This translation of his most recent work, Capital and Language (published in Italian in 2002), finally makes Marazzi's work available to an English-speaking audience. 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. In Capital and Language Marazzi argues that the changes in financial markets and the transformation of labor into immaterial labor (that is, its reliance on abstract knowledge, general intellect, and social cooperation) are just two sides of the same coin. Capital and Language focuses on the causes behind the international economic and financial depression of 2001, and on the primary instrument that the U.S. government has since been using to face them: war. Marazzi points to capitalism's fourth stage (after mercantilism, industrialism, and the postfordist culmination of the New Economy): the "War Economy" that is already upon us. Marazzi offers a radical new understanding of the current international economic stage and crucial post-Marxist guidance for confronting capitalism in its newest form. Capital and Language also provides a warning call to a Left still nostalgic for a Fordist construct--a time before factory turned into office (and office into home), and before labor became linguistic.
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2008 Semiotext(e)
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Cover art by Claire Fontaine In God They Trust,
2005 (1966, A.P.)
Twenty-five cent coin, stainless box-cutter blade, solder and rivet. Courtesy the artist and Reena Spaulings Fine Art, NY Back Cover Photography by Marco Dotti Design by Hedi El Kholti
ISBN:
978-1-58435-067-5
Distributed by T he MIT Press, Cambridge, Mass. and London, England Printed in the United States of America
CAPITAL AND LANGUAGE FROM THE NEW ECONOMY TO THE WAR ECONOMY
Christian Marazzi
Introduction by Michael Hardt
Translated by Gregory Conti
Contents
Introduction: Language at Work
7
1. From Post-Fordism to the New Economy
13
2. The New Business Cycle
69
3. The Return of Surplus Value
101
4. War and the Business Cycle
145
Bibliography
159
Introduction
Language at Work
Capital and Language is the first of Christian Marazzi's books to appear in English, and it is long overdue. A native of Ticino, the Italian canton of Switzerland, Marazzi got interested very early in Italian Workerism and participated actively to the Autonomia movement in Italy in the 1 970s. After finishing his doctorate at the London City Universi ty, he joined the University of Padova, where he became a close friend of Ferruc