By Franco “Bifo” Berardi
“Bifo is a grasp of worldwide activism within the age of melancholy. His venture is knowing actual latest capitalism. feel the melancholy of the riot, take pleasure in this amazing ‘labor of the negative!’” —Geert Lovink, Dutch/Australian web critic
“In this astonishing booklet the concept that of destiny, which supported the trendy background of tradition, politics, and economic system, is revised, reverted, cancelled and at last revived in a unconditionally unforeseen method. From Futurism to post-futurism, Bifo takes us on a trip via and past the century that relied on within the future.” —Christian Marazzi, writer of The Violence of economic Capitalism
The century-long obsession with the idea that of the long run has, ultimately, come to an finish. starting with F. T. Marinetti's “Futurist Manifesto” and the global race towards a brand new and hugely mechanized society that outlined the “Century of Progress,” Italian media activist Franco “Bifo” Berardi lines the genesis of future-oriented suggestion throughout the punk move of the early ’70s and into the media revolution of the ’90s. Cyberculture, the final really utopian imaginative and prescient of the longer term, has resulted in a conflict, and left at the back of an ever-growing procedure of digital lifestyles and real demise, of digital wisdom and genuine war.
The destiny, Bifo argues, has failed us. Our accountability now could be to come to a decision what comes next.
Franco “Bifo” Berardi is an Italian critic and media activist. one of many founders of the infamous Radio Alice, a pirate radio station that turned the voice of the self sufficient formative years stream of Bologna within the overdue Seventies, Bifo is the writer of a number of works of conception, together with The Soul at Work, Precarious Rhapsody, and “The Post-Futurist Manifesto.”
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Mr. Lerner's principle comes into play where the plants in an industry are sufficiently few to make impossible such a nice adjustment of their number as to enable them all to be of optimum size and at the same time to be operated at 'normal' capacity. ) 4. Which of a variety of teclmical types of plant (irrespective of their size) to choose to construct? These types will differ, not only in that operating costs under each type of plant will be different, but also in their costs of constructiol1 and maintenance.
In the case of a commodity market, as we have seen, this assumption is justified to the extent that the amount of income spent on the commodity and the amount of the agents of production used in producing it constitute only a small proportion of total income and of the total supply ofthese agents respectively. In other words, the marginal utility of income both to buyers and sellers can be regarded as unaffected by the price at which exchange takes place and by the volume of such transactions. When labour, however, is being sold, the marginal utility of income, at any rate to the seller, cannot be treated as constant.
With regard to capital he states that 'a price has to be fixed by the Central Planning Board with the provision that these resources can be directed only to industries which are able to "pay", or rather "account for" this price' (Economic Theory of Socialism, pp. 75-6, 78, 79). Mr. Lerner has suggested that instructions should be issued 'that the use of every factor is to be extended up to the point where the marginal physical product multiplied by its price is equal to the price of the factor....
After the Future by Franco “Bifo” Berardi