Paraphrasing a passage from Marx in the Grundrisse, Stavros Tombazos remarks that “every economy is in the end an economy of time” (2014, 13). This is to say that the productivity of labour, the accumulation of wealth, and the circulation of goods and resources which make up an economy in its broadest sense are all components of a particular organisation of time. Changes to this economic organisation are therefore felt not only in the transformations they effect materially, but also in the order of temporality and the rhythms of life possible under a particular economic system. This fact that the passage of time, which is so often taken for a given, is in actuality conditioned by the material and economic conditions in which we live is nowhere more apparent than in our present moment of climate change and ecological catastrophe.
Two long centuries of industrial capitalism have left us with a perception of time which is no longer adequate to the material conditions now reshaping our lives. The ecological historians Christophe Bonneuil and Jean-Baptiste Fressoz typify this old order of time by its dependence on the extraction of fossil fuels: “The continuous time of industrial capitalism,” they write, was “projected onto cultural representations of the future, conceived as a continuous progress unfurling to the rhythm of productivity gains” (2016, 203). The shock of our present moment is that this steady and linear increase in productivity, conceptualised as the natural progress toward a tomorrow greater than today, was only ever the product of a temporary influx of energy from a diminishing resource. As Rob Nixon writes, “in this interregnum between energy regimes, we are living on borrowed time—borrowed from the past and from the future,” with the continuation of the status quo only accelerating us “toward an abbreviated collective future as fossils in the making” (2011, 69).
In the twilight years of fossil capitalism we see the emergence of a new organisation of time in which the present is no longer able to fuel itself at the expense of the future, and the accumulated destruction of the past returns at a planetary level. To address this disjunction between the time of capital and the temporalities of nature upon which it feeds, I will offer an account of the metabolic rift theory of contemporary ecosocialists and attempt to expand this metabolic account into more monstrous territory by way of Marx’s own characterisation of capital’s vampiric thirst. Consequently, I wish to suggest Walter Benjamin’s approach to history, nature, and capital as a potential bridge between the metabolic account of capital’s planetary depredation and the project of ideological critique required to lift the haze of our temporal stasis and dispel the vampire’s curse for good.