les presses du réel

ExocapitalismEconomies with absolutely no limits

Marek Poliks, Roberto Alonso Trillo - Exocapitalism
A rigorous and mind-blowing account of the dynamics of capitalism today through an in-depth exposition of software, speculative finance, and the highest scales of arbitrage.
At the centre of Marek Poliks and Roberto Alonso Trillo's argument is the idea that capital does not belong to humans, it belongs to—and is governed by—itself. Traditional economic theory struggles to keep up with the rapid rate of acceleration, and this book steps in to address this:
"The critical orthodoxy is slowing; it's tired, it's not especially good at the internet, it's probably never manned a Starbucks counter or an anonymous cubicle. Its younger adepts—though digitally native—are chronically underemployed, unavailable, drowning in the student debt (or student opportunity cost) required for entry into the critical apparatus. Few have any patience for the numbing slop-speak of the LinkedIn economy, the libertarian enclave of forex and HFT and memecoins, the quarter-zip depravity of employment at the charnel houses of McKinsey or Deloitte or Accenture, the blazingly random mood-swings of venture capital that lubricate all of the above. This impatience is—in the parlance of the above—a blocker: it means that the critical apparatus underestimates the power of the software economy, struggles to articulate the morphological density of digitally-realized capitalism, comprehensively ignores the functional death of labor, and doesn't understand scale."
This book details, like no other book has yet, how capital is miraculously gleaned from the abyss like Lucretian matter that creates more matter from itself:
"Our cosmology borrows foremost from Elena Esposito and Suhail Malik, whose work on financial ontology we hold in an almost sacred loose-grip. From Suhail Malik, we come to interpret a fundamental axiom at the core of capitalism as we understand it, that inefficiency (time-dilation, friction, interposition, mediation) is the same as value—a principle contrary to that enhoused in Marx and Weber and their heirs, for whom capitalism is the reckless scramble for time-efficiency at all costs. This principle also flips the Marxian construction of value on its head, from a thing that is extracted by a capitalist from a labor force, to a thing that can be generated out of nothing, independent from any material logics, simply by virtue of the interposition of latency between worlds."
While at times, the language is academic, precise and drenched in meticulous citations, a vivid and charismatic voice takes charge throughout:
"Mergers and acquisitions happen constantly, a wet market where hulking translucent beasts swap organs with each other for liquidity, or where freestanding, inchoate bodies are pulled in into endosymbiotic relations. Blobs accrete to titanic scales, at which point they either bud off with parthenogenetic thrust or become so dotted with advanced cancers that they cease to be recognizable as single blobs at all. Others just pop into puffs of spores.—It's hard to even situate this organ market as competitive, it's a free-for-all of limitless organs. These translucent hulks simply reach through each other. Sometimes they get stuck and merge."
There are three chapters dedicated to three philosophical concepts that exemplify the theoretical work being done here: Fold, Drag & Lift. These well-elaborated concepts help situate this theory within a very contemporary discourse, one which winks at Baudrillard or the CCRU; one where, as Achim Szepanski wrote: "Capital might, at moments, seem like the Evil Twin of Deleuze".

"A masterpiece... Nick Land for adults."
— 0nty

"You will never look at Salesforce the same way... It is one thing to realize that one is a serf for a techno-feudalist master; it is another thing to realize that one is a vavasour to a piece of digital land that is no longer planar but scalar, dragged only in order to be lifted once again. There is no masterdom at the scale of capital: only an algorithm all unto itself."
Alessandro Sbordoni

"Exocapitalism offers an alternative to Nick Land that is desperately needed—not because it is more sober (it isn't), but because it is less horny. The sexy AI alien of technocapital is revealed to be nothing more than a Rule 34 drawing of slime mold, or perhaps a kind of yeast, that meek inheritor of the Earth leaving all of humanity behind."
— New Models

"This is not an argument for a new phase of capitalism, but rather a cosmological, retroactive take on the continuity of capital as an inhuman algorithm modeled on finance and software rather than factory and labor, manifesting in the contemporary topology of the spongy and blob-like digital business formations—this is bound to be controversial, but it is worth contending with. So love it or hate it, Exocapitalism is original, enlightening and infuriating: a book to be reckoned with."
— Tiziana Terranova
Marek Poliks is a researcher in the philosophy of technology, especially with respect to deep learning. He's based in Minneapolis, Minnesota.
Roberto Alonso Trillo is a theorist and artist whose work spans cultural theory, media philosophy, and experimental sound. Based in Hong Kong, his research engages the aesthetic and political dimensions of machine learning, with particular attention to infrastructural critique and performativity.
Introduction by Charles Mudede.
Afterword by Alex Quicho.
 
published in July 2025
English edition
13 x 19 cm (softcover)
224 pages
 
16.00
 
ISBN : 978-9925-8156-7-8
EAN : 9789925815678
 
in stock


 top of page