Monday, July 26, 2010

Richard Seymour on the Appearance of Capital

Capital represents itself to us principally through its advertising. Its presence is rendered in strictly non-materialist terms. Idealist, magical, or even downright theological thinking is at the heart of capitalist ideology - Smith's 'hidden hand', the religious mandate for 'improvement' of the earth in Lockean property theory, the 'reward-for-abstinence' theory of profits, and the 'golden egg' theory of investments and savings. So when capital represents itself to us, it is not as a set of material processes but as a benign Geist, a bearer of anthropomorphically enlarged humane values, an atmosphere of well-being, etc.
Read the rest here.

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