Activity

To avoid having to confront domestic resistance, which can be politically costly, policymakers might solve a crisis of over-accumulation by resorting to a 'spatial fix'--in other words, by opening up new consumer markets, labour markets and investment markets abroad.

a 'temporal fix'. Capital can be invested in long-term projects like infrastructure, education and research that will improve the future productivity of capital.

Adam Smith [...] called this 'previous accumulation' [...] Karl Marx called it 'primitive accumulation', perhaps to highlight its barbaric nature, for the process of accumulation was violent

a trenchant indictment of our global economic system

there is a yawning gap between the 'real value' of the labour and goods that poor countries sell and the prices they are actually paid for them. This is what economists call 'unequal exchange'.