{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","uuid":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","normalized_title":"zombiecapitalismglobalcrisisandtherelevanceofmarx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","isbns":["9781608461042"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":426,"navigation_url":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title_url":"https://workshop.closeclaw.top/ai/title/Zombie%20Capitalism%20Global%20Crisis%20and%20the%20Relevance%20of%20Marx","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","page_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page","search_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/search"},"page":{"printed_page":114,"pdf_page":114,"physical_index":114,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"7d9af30cf9a90f085c211a997949aa7137507db954ce9a53c254312005c14720"},"chapter":"Zombie Capitalism Global Crisis and the Relevance of Marx","content":"In this sense, state revenues are comparable to the other revenues that accrue to different sections of capital-to the rents accruing to landowners, the interest going to money capital, the returns from trade going to commodity capital and the profits of productive capital. Just as there is continual conflict between the different sections of capital over the sizes of these different revenues, so there is continual conflict between the state bureaucracy and the rest of the capitalist class over the size of its cut from the total surplus value. The state bureaucracy will, on occasions, use its own special position, with its monopoly of armed force, to make gains for itself at the expense of others. In response to this, the other sections of capital will use their own special positionindustrial capital its ability to postpone investment, money capital its ability to move overseas-to fight back.\n\nYet in all this, the different sections of capital cannot escape their mutual interdependence more than temporarily. It eventually asserts itself in the most dramatic fashion, through crises-the sudden collapse of the system of credit, the sudden inability to sell commodities, sudden balance of payment crises or even the threat of state bankruptcy. Those who direct the bureaucracies of the state may not own individual chunks of capital, but they are forced to behave as agents of capital accumulation, to become, according to Marx's definition, part of the capitalist class.\n\nMarx points out in Capital that with the advance of capitalist production there takes place a division of function within the capitalist class. The owners of capital tend to play a less direct part in the actual organisation of production and exploitation, leaving this to highly paid managers. But, insofar as these managers continue to be agents of capital accumulation, they remain capitalists. Hilferding developed the argument further, pointing to the divisions within a single capitalist class between the mass of rentier capitalists, who rely on a more or less fixed rate of return on their shares, and \"promoter\" capitalists who gain extra surplus value by gathering together the capital needed by the giant corporations.84 We can add a further distinction, between those who manage the accumulation of individual capitals and those who, through the state, seek to promote the development of the sibling capitals operating within an individual state-what may be called \"political capitalists\" .\n\n114\n\nUnderstanding the System: Marx and Beyond","previous_page":113,"next_page":115}