ABSTRACT

This chapter presents a talk between the author and the Karl Marx's ghost. The ghost explains that in the past, masters of the universe in finance, such as J. P. Morgan, helped to develop a longterm overview of the system as a whole. But the earlier stewardship ethos that existed among the top financiers, who were concerned about the survival of the whole system, began disappearing in the 1970s, with globalization and new technology speeding up financial markets. And the future is going to lead to even faster capitalist clocks and even shorter-term corporate myopia, especially in finance. The chapter also focuses on the capitalists, who put everything on the clock, where the clocks are running faster, and people are desperately running to keep up. This is part of a larger capitalist cultural revolution that rushes to sweep away all tradition, all fixed conditions, in the hurricane of the gold rush.