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The accumulation of capital involves the expansion of value over time.
David Harvey
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David Harvey
Age: 89
Born: 1935
Born: October 31
Anthropologist
Economist
Geographer
Professor
University Teacher
Urban Planner
Gillingham
Kent
David W. Harvey
Time
Accumulation
Expansion
Involves
Capital
Value
Values
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Speculation in land may be necessary to capitalism, but speculative orgies periodically become a quagmire of destruction for capital itself.
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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.
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The common-sense notion that 'there is a time and a place for everything' gets carried into a set of prescriptions which replicate the social order by assigning social meanings to spaces and times.
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What kind of city we wish to build should reflect our personal wishes and needs.
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If Occupy Wall Street can see their way to more collaboration with the union movement, then there will be a great deal of political action possible.
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Cities begin to use cultural production as a way to market their city as being unique and special. Of course, the problem with this is that much of culture is very easy to replicate. The uniqueness begins to disappear. Then, we have what I call the Disneyfication of society.
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Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.
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All rent is based on the monopoly power of private owners of certain portions of the globe.
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The main substantive achievement of neoliberalism has been to redistribute rather than to generate wealth and income.
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Capitalists behave like capitalists wherever they are. They pursue the expansion of value through exploitation without regard to the social consequences.
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The equilibrium between supply and demand is achieved only through a reaction against the upsetting of the equilibrium.
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The accumulation of capital and misery go hand in hand, concentrated in space.
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Rampant inflation is just as hard to live with as the devaluation of commodities.
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The social relations of capitalism have penetrated slowly into all spheres of life to make wage labour the general condition of existence only in fairly recent times.
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Capital creates space-time.
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Individual capitalists, in short, behave in such a way as to threaten the conditions that permit the reproduction of the capitalist class.
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The net effect of increasing scale, centralization of capital, vertical integration and diversification within the corporate form of enterprise has been to replace the 'invisible hand' of the market by the 'visible hand' of the managers.
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We're supposed to live under capitalism, and capitalism is supposed to be competitive so you would expect that capitalists and entrepreneurs would like competition. Well, it turns out that capitalists do everything they can to avoid competition.
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Money must exist before it can be turned into capital.
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The only solution to the contradictions of capitalism entails the abolition of wage labour.
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