[Excerpted from Contract & Contagion, pp.163-64]

The conservative critique of capitalism is preoccupied [...] with taking capitalism to task for setting up crises of its own realisation, as in the expansion of debts that cannot – or will not – be repaid. It is concerned not with the question of moving beyond the interrelated dynamics of expansion and crisis, but of restoring the very foundations of capitalism in the retrieval of the conditions of gratuitous labour. Continue reading →