E-Books →Capital Redefined A Commonist Value Theory for Liberating Life

The authors propose a defetishization of value by rejecting the commonly accepted idea of its objectivity. They introduce their "commonist value theory," which redefines capital as both the product and process of perverting the fundamental commoning causes of true value into sources of fetish value. Capital is theorized through a "modular" framework, where multiple intersecting processes constitute a comprehensive power structure, a "value regime," representing an unprecedented degree of the domination of capital over life. Their theory reconciles two apparently incompatible views on the notion of value. One view encompasses all inputs involved in capitalist value production and conflates intrinsic and commodity values. The other warns against this conflation as it treats capital as an entity tightly associated only with commodity production and wage labor.
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