Capitalism as a Mode of Power: Shimshon Bichler and Jonathan Nitzan interviewed by Piotr Dutkiewicz

Capitalism as a Mode of Power: Shimshon Bichler and Jonathan Nitzan interviewed by Piotr Dutkiewicz
Dutkiewicz, Piotr and Bichler, Shimshon and Nitzan, Jonathan. (2013). July. pp. 1-22. (Interview; English).


There is a more recent version of this eprint available. Click here to view it.

Full Text Available As:
PDF (Full Text)

Download (340kB) | Preview
[img] HTML (Full Text)

Download (144kB)

Abstract or Brief Description

PREAMBLE BY PIOTR DUTKIEWICZ: In a unique two-pronged dovetailing discussion, frequent collaborators and coauthors Jonathan Nitzan and Shimshon Bichler discuss the nature of contemporary capitalism. Their central argument is that the dominant approaches to studying the market – liberalism and Marxism – are as flawed as the market itself. Offering a historically rich and analytically incisive critique of the recent history of capitalism and crisis, they suggest that instead of studying the relations of capital to power we must conceptualize capital as power if we are to understand the dynamics of the market system. This approach allows us to examine the seemingly paradoxical workings of the capitalist mechanism, whereby profit and capitalization are divorced from productivity and machines in the so-called real economy. Indeed Nitzan and Bichler paint a picture of a strained system whose component parts exist in an antagonistic relationship. In their opinion, the current crisis is a systemic one afflicting a fatally flawed system. However, it is not one that seems to be giving birth to a unified opposition movement or to a new mode of thinking. The two political economists call for nothing short of a new mode of imagining the market, our political system, and our very world.

[A shorter version of this interview is forthcoming in "22 Ideas to Fix the World: Conversations with the World’s Foremost Thinkers," edited by Piotr Dutkiewicz and Richard Sakwa (New York: New York University Press, WPF and the Social Science Research Council, 2013).]



Publication Type



business and industry capital accumulation capitalization capitalism class data differential accumulation market system methodology neoclassical economics power systemic crisis value theory


BN Civilization & Social Systems
BN Theory
BN Data & Statistics
BN State & Government
BN Civil Society
BN Institutions
BN Power
BN Business Enterprise
BN Value & Price
BN Crisis
BN Conflict & Violence
BN Money & Finance
BN Ideology
BN Distribution
BN Methodology
BN Resistance
BN Capital & Accumulation
BN Class

Depositing User

Jonathan Nitzan

Date Deposited

10 Jul 2013

Last Modified

08 Apr 2016 01:24


Available Versions of this Item

Actions (login required)

View Item View Item