IDEAS home Printed from https://ideas.repec.org/h/eme/rpeczz/s0161-723020230000039012.html
   My bibliography  Save this book chapter

Fictitious Capital, Fictitious Profits, and Their Extreme Fetishism

In: Value, Money, Profit, and Capital Today

Author

Listed:
  • Mauricio de Souza Sabadini
  • Gustavo Moura de Cavalcanti Mello

Abstract

The purpose of this chapter is to characterize fictitious capital and fictitious profits as extreme expressions of the fetishism of capital. Considering the incessant search for valorization and allowing for fictitious forms of capital, the subject of this study is at the center of the dynamics of recent capitalist accumulation, especially when we take into account the capitalist crises over the last four or five decades. Its mechanism of fictitious valorization (M – M′), a decisive dimension of contemporary capitalism, is contradictory, based on the growing obstacles to the extraction of surplus value on an expanded scale, and therefore the real valorization of capital. At the same time, we support the idea that this mass of overaccumulated capital produces profits unrelated to surplus value, that is fictitious profits, further intensifying the fetishistic and contradictory nature of capitalism.

Suggested Citation

  • Mauricio de Souza Sabadini & Gustavo Moura de Cavalcanti Mello, 2023. "Fictitious Capital, Fictitious Profits, and Their Extreme Fetishism," Research in Political Economy, in: Value, Money, Profit, and Capital Today, volume 39, pages 199-214, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rpeczz:s0161-723020230000039012
    DOI: 10.1108/S0161-723020230000039012
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0161-723020230000039012/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0161-723020230000039012/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0161-723020230000039012/full/epub?utm_source=repec&utm_medium=feed&utm_campaign=repec&title=10.1108/S0161-723020230000039012
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/S0161-723020230000039012?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:rpeczz:s0161-723020230000039012. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.