by
David Harvey
neoliberalism
(en)
the postulate that markets are organised most effectively by private enterprise and that the private pursuit of accumulation will generate the most common good; accomplished by opening international markets and financial networks, and downsizing the welfare state
10
what is meant by that word neoliberalism. My view is that it refers to a class project that coalesced in the crisis of the 1970s. Masked by a lot of rhetoric about individual freedom, liberty, personal responsibility and the virtues of privatisation, the free market and free trade, it legitimised draconian policies designed to restore and consolidate capitalist class power.
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7 years, 2 months ago
what is meant by that word neoliberalism. My view is that it refers to a class project that coalesced in the crisis of the 1970s. Masked by a lot of rhetoric about individual freedom, liberty, personal responsibility and the virtues of privatisation, the free market and free trade, it legitimised draconian policies designed to restore and consolidate capitalist class power.
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7 years, 2 months ago
a term for the loans provided by the IMF and the World Bank to countries that experienced economic crises, which come with strings attached: privatisation and deregulation, mainly (the conditions are also known as the Washington Consensus)
19
IMF 'structural adjustment programs', which mandated austerity in order to pay back the banks, thereafter proliferated around the world.
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7 years, 2 months ago
IMF 'structural adjustment programs', which mandated austerity in order to pay back the banks, thereafter proliferated around the world.
notable
7 years, 2 months ago
potlatch
(en)
(noun) a ceremonial feast of the American Indians of the northwest coast marked by the host's lavish distribution of gifts or sometimes destruction of property to demonstrate wealth and generosity with the expectation of eventual reciprocation / (noun) a social event or celebration / (verb) to give (as a gift) especially with the expectation of a gift in return / (verb) to hold or give a potlatch for (as a tribe or group) / (verb) to hold or give a potlatch
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What anthropologists refer to as the 'potlach' in non-capitalist societies, for example, confers prestige on those who give away, renounce or in some instances even outright destroy, through elaborate ceremonies, the material possessions they have accumulated
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7 years, 2 months ago
What anthropologists refer to as the 'potlach' in non-capitalist societies, for example, confers prestige on those who give away, renounce or in some instances even outright destroy, through elaborate ceremonies, the material possessions they have accumulated
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7 years, 2 months ago
spatial fix
(en)
(in the context of capitalist crisis) avoiding the low-growth phase problem by exporting manufacturing to places with cheaper labour, thereby raising profits for a while
50
The primary objective is to overcome any possible blockage to the free circulation of capital across the world market. This opens up the possibility of cascading 'spatial fixes' to the capital surplus absorption problem.
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7 years, 2 months ago
The primary objective is to overcome any possible blockage to the free circulation of capital across the world market. This opens up the possibility of cascading 'spatial fixes' to the capital surplus absorption problem.
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7 years, 2 months ago
Marxian
(en)
pertaining to Karl Marx and ideas he explicitly explored in his writings; differs from Marxist in that the latter includes ideas developed by others in the same vein of thought
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the class struggle between capital and labour typically privileged in Marxian theory
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7 years, 2 months ago
the class struggle between capital and labour typically privileged in Marxian theory
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7 years, 2 months ago
a economic theory relating to the origin of capital (Adam Smith saw it as a peaceful process with natural imbalances in wealth distribution; Karl Marx saw it as a violent enclosure of the commons etc etc)
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Marx's account of so-called 'primitive accumulation' may be overdramatised and oversimpified but its essential truth is undeniable. Somehow or other the mass of a population has been put in a position of having to work for capital in order to live.
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7 years, 2 months ago
Marx's account of so-called 'primitive accumulation' may be overdramatised and oversimpified but its essential truth is undeniable. Somehow or other the mass of a population has been put in a position of having to work for capital in order to live.
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7 years, 2 months ago
inter alia
(la)
among other things
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The state becomes involved, inter alia, when it comes to immigration and labour laws
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7 years, 2 months ago
The state becomes involved, inter alia, when it comes to immigration and labour laws
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7 years, 2 months ago
Kondratieff cycles
(en)
a proposed economic phenomenon whereby profits decrease over time (as monopolistic forces decline), in a cycle; phases: expansion, stagnation, and recession
96
it has long been argued that there are so-called 'long waves' or 'Kondratieff cycles' lasting on average fifty years in capitalist developmental history based upon tehcnological innovations
he thinks the theory is incomplete (doesn't account for cultural/organisational shifts?)
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7 years, 2 months ago
it has long been argued that there are so-called 'long waves' or 'Kondratieff cycles' lasting on average fifty years in capitalist developmental history based upon tehcnological innovations
he thinks the theory is incomplete (doesn't account for cultural/organisational shifts?)
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7 years, 2 months ago
synoptic
(en)
(adjective) affording a general view of a whole / (adjective) manifesting or characterized by comprehensiveness or breadth of view / (adjective) presenting or taking the same or common view
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A synoptic view of the current crisis would say
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7 years, 2 months ago
A synoptic view of the current crisis would say
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7 years, 2 months ago
scion
(en)
(noun) a detached living portion of a plant (as a bud or shoot) joined to a stock in grafting and usually supplying solely aerial parts to a graft / (noun) descendant child / (noun) a descendant of a wealthy, aristocratic, or influential family / (noun) heir
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many of whom, like the Rockefeller brothers, were scions of the capitalist class
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7 years, 2 months ago
many of whom, like the Rockefeller brothers, were scions of the capitalist class
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7 years, 2 months ago