From Gold to Algorithm: The Revolution of Value
Hypercapitalism. AI image Introduction: Wealth without Reference In contemporary society, wealth appears increasingly elusive. Fortunes fluctuate within hours, markets react to rumors, and digital assets can surge in value without any discernible material basis. These phenomena suggest a profound transformation in the very logic of value. How can we understand a system in which astronomical sums circulate without clear correspondence to goods, labor, or production? This question cannot be addressed solely in economic terms. It requires a perspective that integrates economy and language, exchange and signification. At this intersection, juxtaposing the classical model of value with its contemporary radicalization reveals a deep conceptual shift: the transition from a value anchored in the real to a value that increasingly operates without any necessary referent. The Classical Model: Value Between Reference and Difference In both linguistics and classical political economy, value...