Tag Archives: Capital

Episode 26: Rise of the Dead Pundit, with Adam Proctor (Part I)

Hey everyone! Welcome to Episode 26 of Fully Automated… or, at least, Episode 26, Part One!

This is a super long overdue episode with a guest I have wanted to have on the show for a long time: Adam Proctor, the host of Dead Pundit’s Society. Adam has been doing his show FULL TIME for the last four years, delivering not only on his commitment to evangelizing “socialism for ordinary ass’ed people” but to making an incredibly important (and often misunderstood) contribution to the critique of political economy.

In Part One of this episode, we discuss Adam’s background, and the story behind the Dead Pundit’s Society. DPS emerged as part of the 2016 leftist podcast wave. Some I suppose would associate Adam with the “dirtbag left,” and shows like Chapo Trap House. But the story is more complicated than that.

One of the interesting things about DPS is the niche it has always occupied, between audience accessibility and issues-driven programming, on the one hand, and a commitment to rigorous academic thought, on the other. There’s a certain public intellectual function to the show. So, in this episode, we discuss the role of the left intellectual. And the question of how to balance this sort of awkward relationship, of being neither an entertainer nor an academic, but something in between.

DPS covers a wide range of themes — everything from state theory through race essentialism. These are less controversial topics today, perhaps, but in 2016 Adam was taking huge risks by trying to mainstream them among an American left that was still largely committed to horizontalist or “occupy” style ideals. Four years into this project, it is clear that DPS has played a major role in articulating these ideas to a wider audience that one might have imagined possible, back in 2016.

In Part One, you’ll hear us address the early days of the show, and Adam’s notorious attempts to take on freedom of speech issues, cancel culture, and race essentialism. We also talk socialist strategy, and the application of work by Sam Ginden and Leo Pantich to the Grexit question. And as if these takes weren’t controversial enough, wait ’til you see what we get into in Part Two! (Coming later this week).

Unemployed Negativity: I Owe You an Explanation: Graeber and Marx on Origin Stories

Jason Read takes a light jab at David Graeber’s book, Debt, The First 5000 Years. Indeed, it would seem Graeber has a kind of Nietzschean/Deleuzian reading of debt as originating in a moral or normative field of equivalences, itself underwritten by the state.

Graeber gives more credit (I actually don’t know if I intended that pun or not) to a different account of money, primordial debt theory, which argues that money emerged from the taxes, from the state’s need to generate money. This theory begins with a fundamental asymmetry, not an equivalence, an asymmetry that is often founded on religion, on the sense of debt owed to the world.

What this habituated mentality of debt as having some sort of special sovereignty over other human relations ignores, however, is the “communism of everyday life”. Kind of like Hardt and Negri’s argument in Commonwealth, the point here is to draw attention to an ontology that denies the highly distributed (and social) nature of the way real value production takes place. What is interesting about Read’s argument though is the way he sets up Graeber’s narrative about the foundational fiction nature of debt as one that runs in parallel with another foundational fiction, that of primitive accumulation. Not that these narratives should be seen as competing strains (Read explicitly disavows a desire to counterpose anarchism and communism here), but rather that the simultaneous plausibility of both is in itself insufficient in our efforts to grasp what it is specifically about capitalism that inflects this particular moment in the historical drama of man’s relation with debt.

Capitalism is not a matter of thrift, waste, or greed, it is a matter of surplus value, labor power, and other real abstractions. Thus, communism may be the foundation of all sociability, but capitalism is often indifferent to the sociability, or, worse still, exploits it … As a topic of inquiry debt crosses back and forth from the economic to the moral, and thus it is tempting to locate its history in attitudes and ideas, but a true history of debt needs to also examine the structure that are indifferent to those ideas.


via Unemployed Negativity: I Owe You an Explanation: Graeber and Marx on Origin Stories.