ABSTRACT
This chapter delves into a re-evaluation of the Marxian notion of capital and its associated value theory, considering the need for a fresh perspective in light of contemporary challenges and demands. While classical and Marxian value-based theories have traditionally focused on analyzing capital's value regime, there is a growing emphasis on questioning what should be valued within or beyond the system itself. This chapter critically reflects on the strengths and limitations of the Marxian tradition, exploring its potential to provide insights into the complexities of the modern world. Four specific limitations are identified and discussed, including the spheres of creativity beyond production relations, liveability or vitality, convivial solidarity and care, and post-capitalist modes of alterity. By differentiating between ‘true value’ and ‘fetish value’ and understanding their ultimate sources, the chapter argues for a consolidating effort that transcends these limitations. By engaging with a reinvigorated value theory and incorporating recent advancements in counter-system movements and revisionist scholarship, a new framework can be developed to address contemporary challenges and pave the way for transformative alternatives to capital's value regime. Through this exploration, the chapter sets the stage for a reimagining of capital and its value dynamics, laying the groundwork for subsequent discussions in the book.
