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This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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1

The Disruption

2
terms
2
notes

Harvey, D. (2011). The Disruption. In Harvey, D. The Enigma of Capital: and the Crises of Capitalism. Profile Books, pp. 1-5

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.

—p.10 by David Harvey
notable
7 years, 1 month 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.

—p.10 by David Harvey
notable
7 years, 1 month ago
12

Whether we can get out of this crisis in a different way depends very much upon the balance of forces. It depends upon the degree to which the mass of the population rises up and says, 'Enough is enough, let's change this system'. [...]

—p.12 by David Harvey 7 years, 1 month ago

Whether we can get out of this crisis in a different way depends very much upon the balance of forces. It depends upon the degree to which the mass of the population rises up and says, 'Enough is enough, let's change this system'. [...]

—p.12 by David Harvey 7 years, 1 month 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.

—p.19 by David Harvey
notable
7 years, 1 month ago

IMF 'structural adjustment programs', which mandated austerity in order to pay back the banks, thereafter proliferated around the world.

—p.19 by David Harvey
notable
7 years, 1 month ago
29

As more surplus capital went into production during the 1980s, particularly in China, heightened competition between producers started to put downward pressure on prices [...] Profits began to fall after 1990 or so in spite of an abundance of low-wage labour. Low wages and low profits are a peculiar combination. As a result, more and more money went into speculation on asset values because that was where the profits were to be had. [...] the debt explosion and the new derivatives markets took off, which, along with the infamous dot.com internet bubble, sucked up vast amounts of surplus capital. Who needed to bother with investing in production when all this was going on? This was the moment when the financialisation of capitalism's crisis tendencies truly began.

—p.29 by David Harvey 7 years, 1 month ago

As more surplus capital went into production during the 1980s, particularly in China, heightened competition between producers started to put downward pressure on prices [...] Profits began to fall after 1990 or so in spite of an abundance of low-wage labour. Low wages and low profits are a peculiar combination. As a result, more and more money went into speculation on asset values because that was where the profits were to be had. [...] the debt explosion and the new derivatives markets took off, which, along with the infamous dot.com internet bubble, sucked up vast amounts of surplus capital. Who needed to bother with investing in production when all this was going on? This was the moment when the financialisation of capitalism's crisis tendencies truly began.

—p.29 by David Harvey 7 years, 1 month ago