Capitalism’s material system is interwoven with cultural reproduction

Evidence

To clarify, such an approach by no means assumes that capitalism is merely a cultural set of relationships; it is a material system, based on the exploitation of labour, the materialization of that labour in commodities, and the circulation of those commodities through their abstraction into price. But it is to say that, in addition to the analysis of this process, we must also see the production, distribution and use of commodities as a set of relationships always in the process of reproduction, and backed by relations of reproduction, and that these, in turn, flow through and change the fabric of meaning, identity, power relations, institutions and ideas. — Max Haiven, Cultures of Financialization, 122

Categorization

  • XREF: This anti-reductionist stance — material base plus cultural flows — is precisely the bridge to deWaard’s cultural argument about financialization. — connects to: Music’s post-French-Revolution evolution is capitalism working within the musical material itself — Fredric Jameson, Marxism and Form, 754; Vienna’s aesthetic formalism and logical positivism derived from its material-economic lag behind high capitalism. — Fredric Jameson, Marxism and Form, 39; Autonomous cultural spheres internally duplicate the social and economic macrocosm’s structures — Fredric Jameson, Marxism and Form, 51 (+24 more)

Broader Connections