Activity

Initially, the financial fix further strengthened the bargaining power of workers in the Second and Third World states. In the 1970s (in sharp contrast to what would happen in the 1980s), loan capital flowed freely to Second and Third World countries. With capital "on strike" in the First World, an…

Thus, in the 1970s, when faced with the choice between meeting the demands from below for the fulfillment of the hegemonic promises or the demands fr om capitalists for a restoration of favorable conditions for capi­tal accumulation, metropolitan states attempted not to choose. In response, capital…

Moreover, in transportation industries, it is not easy to devise (much less practically carry out) spatial fixes as counterweights to labor's strong work­place bargaining power. Particularly troublesome nodes might be elimi­nated entirely fr om the distribution network - that is, unruly or otherwis…

It is indeed reasonable to assume that, ceteris paribus, the greater capital's vulnerability to workers' direct action and the more limited the options of capital for pursuing a spatial-fix solution

The ability of both textile and auto workers to make substantial and durable gains at the end of the innovation phase suggests that the monop­olistic windfall profits reaped by the innovator in any given product cycle also creates favorable conditions (at least the material resources) for stable la…