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Speculation in land may be necessary to capitalism, but speculative orgies periodically become a quagmire of destruction for capital itself.

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
May
Speculative
Speculation
Capital
Capitalism
Destruction
Necessary
Orgies
Land
Quagmire
Become
Periodically

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When money functions as measure of value it must truly represent the values it helps to circulate.
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The freedom to make and remake our cities and ourselves is, I want to argue, one of the most precious yet most neglected of our human rights.
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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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Money could not be converted into capital if wage labour did not exist.
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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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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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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.
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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 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.
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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 accumulation of capital involves the expansion of value over time.
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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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What kind of city we wish to build should reflect our personal wishes and needs.
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Rampant inflation is just as hard to live with as the devaluation of commodities.
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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 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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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.
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The accumulation of capital and misery go hand in hand, concentrated in space.
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Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.
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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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