Verbranntes Geld

A penetrating, well-informed and important book. In Burnt Money, Christian Marazzi provides an innovative analysis of the financial economy that now permeates economic cycles in their entirety. The global crisis of financial capitalism is not a unproductive or parasitic deviation on the path to more growth. On the contrary, it reveals the very form of accumulation of capital that corresponds exactly to the new processes of production and value creation.

There is no longer a sharp distinction between the real economy and the financial economy, and capitalism can no longer be equated with industrial capitalism, but also appears as biocapitalism and knowledge capitalism. According to Marazzi, it is crucial to develop a new conceptual toolkit not only for understanding the crisis, but also for dealing politically with the financial economy as such.