of Salvo D'Allura and Louis Sturniolo
descriptions of the financial bubble driven by U.S. subprime mortgages have been published many times in the past. So even the general public has learned to at least familiarize yourself with the terms that define the financing of the economy. The importance Finance burned by Christian Marazzi is, however, in addressing this issue through innovative approaches, and even suggestions, questioning some of the sites have become common speech explaining the crisis in the words of politicians and journalists.
expression typical of these clichés is the alleged distinction between the real economy and financial economics. The first would be the sound of the economic discourse, the second because of the speculative element imbalances and crises. Marazzi challenges and supports this scheme, on the contrary, if the typical financialization twentieth century as an attempt to recover the financial markets that the capital could no longer pick up the economy real today, "financialization is the symmetrical form of capital accumulation to the new processes of production value." Explain that only the construction of the immense debt of states and has allowed families to maintain consumption, resulting in the privatization of Keynesian deficit spending of memory (creating, in essence, that additional demand through the private debt, with the risk trasferimanto economies private households). According to Marazzi, in short, the financial mechanisms are an integral part of the real economy. Even in the context of the possible rule changes and difficult as this is irreversible.
Another element failed, next to the distinction between financial and real economy, is that between public and private sectors, particularly after the privatization. The Government of the coin, the role of central banks, to the sovereign wealth funds, show the continuity that has been created to manage today's economy and society. The government now revolves around the budget. The rest is a corollary. The deficit for this bank may be transferred in toto to the State and public deficits are the main economic problem. Marazzi
insists on becoming rent of profit and wages. This involves recording the mismatch between the distribution of wealth and direct reference to production parameters. The appropriate force is ultimately determined dal peso nel sistema produttivo di merci, ma dalla collocazione e dalla possibilità di utilizzare le leve complessive (e la dimensione finanziaria ha occupato il posto più alto) per determinare un funzionamento a proprio favore dell’intero meccanismo finanziario-produttivo. E’ così che gli strati alti hanno spostato a proprio vantaggio la distribuzione della ricchezza aumentando la forbice tra ricchi e poveri. Nel momento in cui tutta la vita è terreno produttivo e oggetto di sfruttamento, le condizioni, il livello di vita, la capacità di operare su tutta la dimensione del vivente è l’obiettivo, la misura effettiva del successo. La rendita, il dato monetario, è il riferimento numerico di una concreta realtà biopolitica.
The crisis is not, therefore, more a moment, a shift in the economic cycle. It is considered to be systemic and irreversible. But here we must distinguish between crisis become a constant element of economic processes and the crisis of governmentality. While we see a normalization of the exceptional that we have passed from shock to a real economy crisis economy in which everything is subject to intervention for a self-legittimantesi emergency continues, it is precisely this absolute return governmentality really is in crisis, lacking the dimension of the mediation. The relationship with the actual results, ie, doped in a presumption of omnipotence on the entire system of living so that it ends up clashing with the inertia, the resistance of a common dimension, which involves all.
irreversibiltà The question is whether the crisis is given as a time continuum in which long-term ownership, in the modern world, supposed future earnings may be stable element of the economic system (perhaps with the explosion depreciable episodic "bubbles") or, on the contrary, it defines a limited time horizon within which there will be mechanisms implosive type and / or a new global economic and political hierarchy.
One wonders if in the given conditions, the municipality can play an active political role.
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