Emergency Capitalism

<p>Fabio Vighi's Emergency Capitalism begins with this observation:</p><p>The age of crisis capitalism is characterized by two major socioeconomic trends: </p><p>1) the addiction to credit creation whose main purpose is to inflate and prop up the financial markets; 2) the controlled demolition of the real economy and the modern model of society organized around wage labor. </p><p></p><p>From there Vighi shows that the last half-decade of capitalist politics has been shaped by efforts to prolong the emergency paradigm. Through the controlled demolition of the work society capital is now phasing out a liberal era based on mass wage labor and free enterprise while replacing it with a centralized control system of crisis management. Big Finance the Deep State and the Military-Industrial Complex are staged to fill the gap that the disappearance of productive labor has left behind. </p><p></p><p>The Pandemic electronic currencies the decimation of Gaza Inflation and Putin are all manifestations of a new and truly political economy. </p><p></p><p>Vighi goes beyond conspiracy theories to demonstrate that it is capital's blind logic of self-reproduction--now driven by debt and financialization--that conditions the misanthropic manipulative behavior of its functional elites.</p>