Loren Goldner traces a circuit from permanent crisis to permanent revolution in the long 20th century
Capital is the moving contradiction, (in) that it presses to reduce labour time to a minimum, while it posits labour time, on the other side, as the sole measure and source of wealth. – Karl Marx, Grundrisse
All over the world, the capitalist states are taking austerity measures to slow the growth of their debts. It is obvious that this policy, since it slows consumption, can’t in itself sustain the growth required for capital accumulation. Where, then, can the necessary economic stimulus come from? For lack of alternatives, eyes are turning eastward. It seems, writes Sander, that history, the supreme ironist, has chosen ‘communist’ China as global capitalism’s saviour.
As the financial crisis fastens its grip ever tighter around the means of human and natural survival, the age of the algorithm has hit full stride. This phase-shift has been a long time coming of course, and was undoubtedly as much a cause of the crisis as its effect, with self-propelling algorithmic power replacing human labour and judgement and creating event fields far below the threshold of human perception and responsiveness.