Reflux and Centralization

September 28, 2011

Whatever else Marx may have gotten right or wrong about the development of capitalism, his thinking about the refluxive power of capital profound and irrefutable. Remember that Marx argued that a move toward greater abstraction occurs as the economy moves from object as use to commodity to money to capital. Through this process of abstraction, capital, like ideas of God or language, pushes to the verge of the infinite. It approaches the infinite as its border. Calling it abstract does not make it empty or ineffective.

This verging toward the infinite is in a direct and subtle way the construction of power–it is the power to marshal natural resources and human labor.


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