Tower of Sleep

The possibility of the privatisation of the general intellect was something Marx never envisaged in his writings about capitalism (largely because he overlooked its social dimension). Yet this is at the core of today’s struggles over intellectual property: as the role of the general intellect – based on collective knowledge and social co-operation – has increased in post-industrial capitalism, so wealth accumulates out of all proportion to the labour expended in its production. The result is not, as Marx seems to have expected, the self-dissolution of capitalism, but the gradual transformation of the profit generated by the exploitation of labour into rent appropriated through the privatisation of knowledge.

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Slavoj Žižek · The Revolt of the Salaried Bourgeoisie · LRB 11 January 2012

The best Zizek piece in a while (probably since the height of Occupy). He handily explains the becoming-rent of profit, performs a hat-tip and drive-by criticism of Hardt & Negri, and does an eloquent job of making the fairly obvious point that capital’s assault on the middle-class is counterproductive to its own stability.