"The working class and the employing class have nothing in common." –IWW Preamble, 1905
Far from being a remote “economic” concept, fictitious capital leads us straight to the central political questions of today, and above all those questions confronting the international left.
There will be expanded social reproduction in communism, focused once again on the “production for production’s sake”, not in the Ricardian sense of capitalist productivism but in the communist sense of creativity.
2002 Note: The following was the self-introduction of the sole issue of the journal Strategy, which appeared, and disappeared, in the spring of 1977, with little fanfare. Though I would write it rather differently today, I think its basic point–the difference between a Marxist conjunctural perspective and the typical left-wing politics of populist resentment–remains entirely valid. […]