David Harvey (geographer)
English geographer and the Distinguished Professor of Geography and Anthropology at the Graduate Center of the City University of New York.
Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.
There is, in short, no 'spatial fix' that can contain the contradictions of capitalism in the long run.
The accumulation of capital and misery go hand in hand, concentrated in space.
A work of this sort admits no conclusion.
" not only must weapons be bought and paid for out of surpluses of capital and labour, but they must also be put to use. For this is the only means that capitalism has at its disposal to achieve the level of devaluation now required. The idea is dreadful in its implications. What better reason could there be to declare that it is time for capitalism to be gone, to give way to some saner mode of production?"
The onset of a crisis is usually triggered by a spectacular failure which shakes confidence in fictitious forms of capital.
Monetary relations have penetrated into every nook and cranny of the world and into almost every aspect of social, even private life.
The capacity to transform itself from the inside makes capitalism a somewhat peculiar beast - chameleon-like, it perpetually changes it colour; snake-like, it periodically sheds its skin.
The accumulation of capital involves the the expansion of value over time.
When money functions as measure of value it must truly represent the values it helps to circulate.
Individual capitalists, in short, behave in such a way as to threaten the conditions that permit the reproduction of the capitalist class.
Rampant inflation is just as hard to live with as the devaluation of commodities.
Capital creates space-time.
The equilibrium between supply and demand is achieved only through a reaction against the upsetting of the equilibrium.
The invocation of social necessity should alert us. It contains the seeds for Marx's critique of political economy as well as for his dissection of capitalism.
The net worth of the 358 richest people in the world was then found to be 'equal to the combined income of the poorest 45 per cent of the worlds population - 2.3 billion people.'
Money could not be converted into capital if wage labour did not exist.
Skills that are monopolizable are anathema to capital.
The geographical movement of money and commodities as capital is not the same as the movements of products and of precious metals. Capital is, after all, money used in a certain way, and is by no means identical with all money uses.
Technological change can become 'fetishized' as a 'thing in itself', as an exogenous guiding force in the history of capitalism.