Bookmarker is a personal project by @dellsystem to help with retaining reading material. Source on GitHub.

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9 years, 1 month ago

the point of realisation

[...] we know from the analysis of the circulation of capital that a great deal of appropriation of value through predation occurs at the point of realisation. Increasing the minimum wage or creating a basic income will amount to naught if hedge funds buy up foreclosed houses and pharmaceutical pat…

—p.47 Marx, Capital and the Madness of Economic Reason Capital, the Book (24) by David Harvey
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9 years, 1 month ago

the utopian vision of free market capitalism

[...] the most far-reaching and significant of Marx's assumptions concerns the unchallenged power of private property rights in both production and exchange. It is in this context that he also assumes perfect competition in the market place. He accepts Adam Smith's theory of 'the hidden hand' altho…

—p.25 Capital, the Book (24) by David Harvey
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9 years, 1 month ago
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9 years, 1 month ago

spatial fix

there can be no permanent 'outer' resolution or 'spatial fix' to the internal contradictions of capital

—p.134 The Space and Time of Value (127) by David Harvey
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9 years, 1 month ago

teleological

Marx hoped, of course, for some kind of socialist or communist revolution (and at various points took a somewhat teleological view of the inevitable progression towards communism)

—p.114 The Question of Technology (107) by David Harvey
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