Tag: Capital
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Beyond the Green Veil: An ESG Postmortem | Part 3
In the previous two posts, we explored how ESG became a worldwide phenomenon, how it courted political controversy and generated critique from politicians, armchair economists and academic journals. In this final post, we’ll explore some deeper critiques through the lens of Marxist economics and offer some potential social democratic and market socialist alternatives to ESG…
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Fictitious Capital and Why It Matters Today
The name “Fictitious Capitalist” might raise an eyebrow or two, and it is intended to do so. It’s a deliberate play on a profound concept from the economist and philosopher Karl Marx: fictitious capital. In his magnum opus, Das Kapital, Marx introduced the idea of “fictitious capital” to describe financial assets like stocks, bonds, and other derivatives.…
Fictitious Capitalist 