2014-11-03

The Eternal Return of the Capital

One of the main illusions of capitalism is to believe that money has a value in itself. Especially in the past few decades in which the dominant currency in the world -- the dollar -- is no longer backed by any real wealth -- as was the case of gold -- and economies go more and more into debt. The monetary authorities would have us believe that a crisis can be solved by creating money. But this fictitious money not only does not contribute to the creation of wealth, but in fact reproduces and exacerbates the social inequalities and the mechanisms of capital extraction from the productive towards the financial sectors. By contrast, following the well-known law of conservation of energy, we could say that "wealth can be neither created nor destroyed, but can change form".

On the other hand, it is necessary to debunk the myth according to which quantity and quality can be independent notions. This is particularly relevant in the case of money. Thus, we could say, using a spatial metaphor, that the quantity bends as it increases, involving in this way the quality. Or in other words, wealth does not grow unidirectionally, but rather bends, twists, in some sort of cyclical manner, to end up reproducing itself.

Based on this logic, we propose to give visibility to this essential contradiction between the notions of money and wealth. To do that we create a helicoid consisting of a sort of materialization of money, that is to say, a representation of wealth. Or to be more accurate, a helical torus or spring, closing on itself, consisting of 13 turns, as the annual, but also eternal return of the lunar cycles, referring to the uninterrupted -- and unconscious -- flow of wealth reproduction [aw].