Capital is a powerful machine of commodification. Since the Great Transformation, since the capitalist market economy became autonomous and “separated” from society, capital has only functioned according to its own laws, the impersonal laws of profit and accumulation.
The deepest shadow that hangs over us is neither terror, environmental collapse nor global recession. It is the internalized fatalism that holds there is no possible alternative.
Michael Lowy is a French-Brazilian Marxist sociologist and philosopher. He was born in 1938 in Sao Paulo, Brazil and lectures at the Ecole.