Making Capital Democratic: A Reconstruction of State, Credit, and Finance

The “software” that structures our financial system and, through it, our broader economy is made up of certain basic concepts that guide how we think and hence act. These concepts include money, credit, finance, investment, and – above all – capital. This conceptual software manifests itself in our current “operating system” of institutions and practices. But our concepts and the system itself are radically out of date both as representations of monetary, financial, productive, and distribu...