by
David Harvey
127
The Space and Time of Value
1
terms
1
notes
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
134
there can be no permanent 'outer' resolution or 'spatial fix' to the internal contradictions of capital
notable
6 years, 7 months ago
there can be no permanent 'outer' resolution or 'spatial fix' to the internal contradictions of capital
notable
6 years, 7 months ago
147
But for fixed capital circulation to be fully effective, a number of preconditions must exist:
[...]
This requires 'a certain level of productivity and of relative overabundance, and more specifically, a level directly related to the transformation of the circulating capital into fixed capital ... Surplus population (from this standpoint) as well as _surplus production, is a condition for this.'
Capital tends, as we have seen, to produce surplus populations (an industrial reserve army) and surplus products (commodities facing problems of realisation). It thus systematically produces conditions conducive to fixed capital formation. [...]
to ponder: is this analogous to investing in education, healthcare etc (i.e., temporarily taking some capital out of circulation to invest in the long-term) and if so, are pro-capital forces who oppose those investments not just engineering their own downfall
But for fixed capital circulation to be fully effective, a number of preconditions must exist:
[...]
This requires 'a certain level of productivity and of relative overabundance, and more specifically, a level directly related to the transformation of the circulating capital into fixed capital ... Surplus population (from this standpoint) as well as _surplus production, is a condition for this.'
Capital tends, as we have seen, to produce surplus populations (an industrial reserve army) and surplus products (commodities facing problems of realisation). It thus systematically produces conditions conducive to fixed capital formation. [...]
to ponder: is this analogous to investing in education, healthcare etc (i.e., temporarily taking some capital out of circulation to invest in the long-term) and if so, are pro-capital forces who oppose those investments not just engineering their own downfall