Critical Theory of Money

The application of Critical Theory to money—examining how money is created, what it represents, and how it structures social relations. Critical Theory of Money asks: What is money, really? Why does it have value? How does money mediate social relationships? Who controls its creation and distribution? How does money concentrate power and enable exploitation? Drawing on Marx, Simmel, and contemporary monetary theory, it insists that money isn't a neutral medium—it's a social relation, a form of power, a tool of domination and possibility. Understanding money requires understanding the society that creates it.

"Money is just a tool, they say. Critical Theory of Money asks: a tool for whom? Created by whom? Money concentrates power because some have it and some don't, and that's not natural—it's political. Money shapes what we can do, who we can be, what we can imagine. Critical theory insists on asking: who prints it, who controls it, and who benefits from how it works?"

Critical Theory of Money by Abzugal Nammugal Enkigal March 4, 2026