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This episode presents an overview of the first chapter of the book Capital Redefined by Hosseini and Gills. In this chapter, The authors propose that if we accept that any quality necessary or advantageous for the survival and self-fulfillment of organized life (human and non-human) is of undeniable 'value,' and if capitalism is a socio-ecological formation where the ultimate sources of this 'true value' are at stake, it becomes imperative to retheorize 'value' and its ultimate sources. The authors call for moving beyond the acceptance of the notion of value as dictated by capital and to differentiate between 'fetish value' (functioning as negative value) and 'true value', with the former being a product of capital and the latter being capital's prey and antidote. This differentiation is presented as a matter of historical necessity in theoretical praxis. ...
This episode presents an overview of the first chapter of the book Capital Redefined by Hosseini and Gills. In this chapter, The authors propose that if we accept that any quality necessary or advantageous for the survival and self-fulfillment of organized life (human and non-human) is of undeniable 'value,' and if capitalism is a socio-ecological formation where the ultimate sources of this 'true value' are at stake, it becomes imperative to retheorize 'value' and its ultimate sources. The authors call for moving beyond the acceptance of the notion of value as dictated by capital and to differentiate between 'fetish value' (functioning as negative value) and 'true value', with the former being a product of capital and the latter being capital's prey and antidote. This differentiation is presented as a matter of historical necessity in theoretical praxis. ...