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From the archives: Beyond Economism with Nancy Fraser

The Dig

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What Does Capitalism Value?

Most of social reproduction, all of these things i've talked about, is still outside the formal economy. It's seen as not having a value. In any case, it's a vast expanse of social activity. But for the most part, and this is another distinctive feature of capitalism, unless it's brought inside the economy and treated as a way to make a profit, it's not counted as having any value. And this brings me to the point you were just asking about, having to do really w with crisis tendencies.

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