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Understanding Money & Credit in Contemporary Capitalism: Back to the Future of Marx's Theory of Fetishism and Alienation
     Release time: 2023-01-30

Abstract

In this article, I propose a reading of Marx’s theory of money and credit through his concepts of fetishism and alienation. Such a reading provides us with a theoretical apparatus, useful to understand key dynamics of contemporary capitalism. Particularly, the concepts of fetishism and alienation do not only provide a key to understanding the current working of finance in terms, thus offering additional insights to financialisation, but rather reveals how exactly certain contradictions embedded in the money circulation process affect the dynamics of financial crises.

 

Keywords: Alienation; Money; Fetishism; Financialisation

 

From: Critique 2022 50 (2-3)

Editor: Wang Yi

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