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The capacity to transform itself from the inside makes capitalism a somewhat peculiar beast - chameleon-like, it perpetually changes it colour; snake-like, it periodically sheds its skin.
David Harvey Quotes: The capacity to transform itself
Neoliberalism is in the first instance a theory of political economic practices that proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets, and free trade.
David Harvey Quotes: Neoliberalism is in the first
Capital is process, and that is that.
David Harvey Quotes: Capital is process, and that
We need to get behind the surface appearances if we are to act coherently in the world. Otherwise, acting in response to misleading surface signals typically produces disastrous outcomes.
David Harvey Quotes: We need to get behind
The ultimate Form of devaluation is military confrontation and global war.
David Harvey Quotes: The ultimate Form of devaluation
The assumption that individual freedoms are guaranteed by freedom of the market and of trade is a cardinal feature of neoliberal thinking, and it has long dominated the US stance towards the rest of the world.
David Harvey Quotes: The assumption that individual freedoms
If, for example, a conspiratorially minded elite is so powerful, has at its fingertips such multiple and delicate instruments with which to fine-tune accumulation, then how can the periodic headlong slides into crisis be explained?
David Harvey Quotes: If, for example, a conspiratorially
It is therefore only at the money moment - the moment of capitalist universality - that we can tell where we are in relation to value and surplus-value.
David Harvey Quotes: It is therefore only at
Here Marx simply assumes that proletarianization has already occurred and that a functioning labor market already exists. But he does, however, want to make "one thing" clear: Nature does not produce on the one hand owners of money or commodities, and on the other hand men possessing nothing but their own labour-power. This relation has no basis in natural history, nor does it have a social basis common to all periods of human history. It is clearly the result of a past historical development, the product of many economic revolutions, of the extinction of a whole series of older formations of social production.
David Harvey Quotes: Here Marx simply assumes that
Neoliberalization has not been very effective in revitalizing global capital accumulation, but it has succeeded remarkably well in restoring, or in some instances (as in Russia and China) creating, the power of an economic elite. The theoretical utopianism of neoliberal argument has, I conclude, primarily worked as a system of justification and legitimation for whatever needed to be done to achieve this goal.
David Harvey Quotes: Neoliberalization has not been very
The accumulation of money as unlimited social power is an essential feature of a capitalist mode of production. When people seek to accumulate that social power, they start to behave in a very different way. Once the universal equivalent becomes a representation of all socially necessary labor-time, the potentialities for further accumulation are limitless.
David Harvey Quotes: The accumulation of money as
Not only must weapons be bought and paid for out of surpluses of capital and labour, but they must also be put to use. For this is the only means that capitalism has at its disposal to achieve the level of devaluation now required. The idea is dreadful in its implications. What better reason could there be to declare that it is time for capitalism to be gone, to give way to some saner mode of production?
David Harvey Quotes: Not only must weapons be
But now, in the circulation M-C-M, value suddenly presents itself as a self-moving substance which passes through a process of its own, and for which commodities and money are both mere forms. But there is more to come: instead of simply representing the relations of commodities, it now enters into a private relationship with itself, as it were. It differentiates itself as original value from itself as surplus-value, just as God the Father differentiates himself from himself as God the Son ... Value therefore now becomes value in process, money in process, and, as such, capital. (256)
David Harvey Quotes: But now, in the circulation
If all money capital invests in appropriation and none in actual production, than capitalism is not long for this world.
David Harvey Quotes: If all money capital invests
Failure to recognize the historical specificity of the bourgeois conception of rights and duties leads to serious errors. It is for this reason that Marx registers...a vigorous indictment of the anarchist Proudhon... Proudhon in effect took the specifics of bourgeois legal and economic relations and treated them as universal and foundational for the development of an alternative, socially just economic system. From Marx's standpoint, this is no alternative at all since it merely re-inscribes bourgeois conceptions of value in a supposedly new form of society. This problem is still with us, not only because of the contemporary anarchist revival of interest in Proudhon's ideas but also because of the rise of a more broad-based liberal human rights politics as a supposed antidote to the social and political ills of contemporary capitalism. Marx's critique of Proudhon is directly applicable to this contemporary politics. The UN Universal Declaration of Human Rights of 1948 is a foundational document for a bourgeois, market-based individualism and as such cannot provide a basis for a thoroughgoing critique of liberal or neoliberal capitalism. Whether it is politically useful to insist that the capitalist political order live up to its own foundational principles is one thing, but to imagine that this politics can lead to a radical displacement of a capitalist mode of production is, in Marx's view, a serious error.
David Harvey Quotes: Failure to recognize the historical
Yes, indeed, individual laborers will have rights over their own body and individual legal rights in the labor market. In principle they have the right to sell their labor-power to whomsoever they choose and the right to buy whatever they want in the marketplace with the wages they receive. Creating such a world is what the capitalist form of imperial politics has been about for the past two hundred years.
David Harvey Quotes: Yes, indeed, individual laborers will
What the US evidently sought to impose by main force on Iraq was a state apparatus whose fundamental mission was to facilitate conditions for profitable capital accumulation on the part of both domestic and foreign capital. I call this kind of state apparatus a neoliberal state. The freedoms it embodies reflect the interests of private property owners, businesses, multinational corporations, and financial capital. Bremer invited the Iraqis, in short, to ride their horse of freedom straight into the neoliberal corral.
David Harvey Quotes: What the US evidently sought
There is, in short, no 'spatial fix' that can contain the contradictions of capitalism in the long run.
David Harvey Quotes: There is, in short, no
Individual capitalists, in short, necessarily act in such a way as to de-stabilize capitalism.
David Harvey Quotes: Individual capitalists, in short, necessarily
Barriers to accumulation are perpetually dissolving and re-forming around the issue of so-called natural scarcities and on occasion, as Marx might put it, these barriers can be transformed into absolute contradictions and crises.
David Harvey Quotes: Barriers to accumulation are perpetually
Marx inverted Hegel's dialectics and stood it right side up, on its feet.
David Harvey Quotes: Marx inverted Hegel's dialectics and
The right to the city is far more than the individual liberty to access urban resources: it is a right to change ourselves by changing the city.
David Harvey Quotes: The right to the city
Capitalism is nothing if it is not on the move. Marx is incredibly appreciative of that, and he sets out to evoke the transformative dynamism of capital. That's why it is so very strange that he's often depicted as a static thinker who reduces capitalism to a structural configuration. No, what Marx seeks out in Capital is a conceptual apparatus, a deep structure, that explains the way in which motion is actually instantiated within a capitalist mode of production. Consequently, many of his concepts are formulated around relations rather than stand-alone principles; they are about transformative activity.
David Harvey Quotes: Capitalism is nothing if it
Capitalism will never fall on its own. It will have to be pushed. The accumulation of capital will never cease. It will have to be stopped. The capitalist class will never willingly surrender its power. It will have to be dispossessed.
David Harvey Quotes: Capitalism will never fall on
The net worth of the 358 richest people in the world was then found to be 'equal to the combined income of the poorest 45 per cent of the worlds population - 2.3 billion people.
David Harvey Quotes: The net worth of the
The only solution to the contradictions of capitalism entails the abolition of wage labour.
David Harvey Quotes: The only solution to the
For this reason I get impatient with people who depict Marx's dialectic as a closed method of analysis. It is not finite; on the contrary, it is constantly expanding, and here he is explaining precisely how. We only have to review what we have already experienced in reading Capital; the movement of its argument is a perpetual reshaping, rephrasing and expansion of the field of contradictions.
David Harvey Quotes: For this reason I get
Capitalists behave like capitalists wherever they are. They pursue the expansion of value through exploitation without regard to the social consequences.
David Harvey Quotes: Capitalists behave like capitalists wherever
Monetary relations have penetrated into every nook and cranny of the world and into almost every aspect of social, even private life.
David Harvey Quotes: Monetary relations have penetrated into
Thatcher forged consent through the cultivation of a middle class that relished the joys of home ownership, private property, individualism, and the liberation of entrepreneurial opportunities.
David Harvey Quotes: Thatcher forged consent through the
The onset of a crisis is usually triggered by a spectacular failure which shakes confidence in fictitious forms of capital.
David Harvey Quotes: The onset of a crisis
The process of neoliberalization has, however, entailed much 'creative destruction',
David Harvey Quotes: The process of neoliberalization has,
Those thoroughly incorporated within the inexorable logic of the market and its demands find that there is little time and space in which to explore emancipatory potentialities outside what is marketed as 'creative' adventure, leisure, and spectacle. Obliged to live as appendages of the market and of capital accumulation rather than as expressive beings, the realm of freedom shrinks before the awful logic and the hollow intensity of market involvements
David Harvey Quotes: Those thoroughly incorporated within the
Since the 1970S, financial innova­tions such as the securitisation of mortgage debt and the spreading of investment risks through the creation of derivative markets, all tacitly (and now, as we see, actually) backed by state power, have permitted a huge flow of excess liquidity into all facets of urbanisa­tion and built environment construction worldwide.
David Harvey Quotes: Since the 1970S, financial innova­tions
It is always dangerous to treat simultaneity as causation
David Harvey Quotes: It is always dangerous to
If you want to understand who you are and where you stand in this maelstrom of churning values, you have first to understand how commodity values get created and produced and with what consequences - social, environmental, political and the like. If you think you can solve a serious environmental question like global warming without actually confronting the question of by whom and how the foundational value structure of our society is being determined, then you are kidding yourself. So Marx insists that we must understand what commodity values and the social necessities that determine them are all about.
David Harvey Quotes: If you want to understand
This is an absolutely vital point that cannot be overemphasized: value is immaterial but objective. Given Marx's supposed adherence to a rigorous materialism, this is, on the face of it, a surprising argument, and we have to wrestle a bit with what it means. Value is a social relation, and you cannot actually see, touch or feel social relations directly; yet they have an objective presence. We therefore have to carefully examine this social relation and its expression.
David Harvey Quotes: This is an absolutely vital
Technological change can become 'fetishized' as a 'thing in itself', as an exogenous guiding force in the history of capitalism.
David Harvey Quotes: Technological change can become 'fetishized'
Planning and control are being attacked as a denial of freedom. Free enterprise and private ownership are declared to be essentials of freedom. No society built on other foundations is said to deserve to be called free. The freedom that regulation creates is denounced as unfreedom; the justice, liberty and welfare it offers are decried as a camouflage of slavery.35 The
David Harvey Quotes: Planning and control are being
If everybody in the world suddenly decided not to use their credit cards for three days, the whole global economy would be in serious trouble. (Recall how we were all urged to get out our credit cards after 9/11 and get back to shopping.) Which is why so much effort is put toward getting money out of our pockets and keeping it circulating.
David Harvey Quotes: If everybody in the world
When money functions as measure of value it must truly represent the values it helps to circulate.
David Harvey Quotes: When money functions as measure
There are signs, these days, that the cultural hegemony of postmodernism is weakening in the West. When even the developers tell an architect like Moshe Safdie that they are tired of it, then can philosophical thinking be far behind?
David Harvey Quotes: There are signs, these days,
The shift from government (state power on its own) to governance (a broader configuration of state and key elements in civil society) has therefore been marked under neoliberalism.11 In this respect the practices of the neoliberal and developmental state broadly converge.
David Harvey Quotes: The shift from government (state
What separates Rand from Marx is that the latter saw the true flourishing of individual creativity as best accomplished through collaboration and association with others in a collective drive to abolish the barriers of scarcity and material necessity beyond which, Marx held, the true realm of individual freedom could begin.
David Harvey Quotes: What separates Rand from Marx
The accumulation of capital and misery go hand in hand, concentrated in space.
David Harvey Quotes: The accumulation of capital and
The electoral victories of Thatcher (1979) and Reagan (1980) are often viewed as a distinctive rupture in the politics of the postwar period. I understand them more as consolidations of what was already under way throughout much of the 1970s. The crisis of 1973-5 was in part born out of a confrontation with the accumulated rigidities of government policies and practices built up during the Fordist-Keynesian period. Keynesian policies had appeared inflationary as entitlements grew and fiscal capacities stagnated. Since it had always been part of the Fordist political consensus that redistributions should be funded out of growth, slackening growth inevitably meant trouble for the welfare state and the social wage.
David Harvey Quotes: The electoral victories of Thatcher
The main substantive achievement of neoliberalization, however, has been to redistribute, rather than to generate, wealth and income. …[T]his was achieved under the rubric of 'accumulation by dispossession'. By this I mean the continuation and proliferation of accumulation practices which Marx had treated of as 'primitive' or 'original' during the rise of capitalism. These include the commodification and privatization of land and the forceful expulsion of peasant populations (compare the cases, described above, of Mexico and of China, where 70 million peasants are thought to have been displaced in recent times); conversion of various forms of property rights (common, collective, state, etc.) into exclusive private property rights (most spectacularly represented by China); suppression of rights to the commons; commodification of labour power and the suppression of alternative (indigenous) forms of production and consumption; colonial, neocolonial, and imperial processes of appropriation of assets (including natural resources); monetization of exchange and taxation, particularly of land; the slave trade (which continues particularly in the sex industry); and usury, the national debt and, most devastating of all, the use of the credit system as a radical means of accumulation by dispossession.
David Harvey Quotes: The main substantive achievement of
Individual capitalists, in short, behave in such a way as to threaten the conditions that permit the reproduction of the capitalist class.
David Harvey Quotes: Individual capitalists, in short, behave
The accumulation of capital involves the the expansion of value over time.
David Harvey Quotes: The accumulation of capital involves
The social relations of capitalism have penetrated slowly into all spheres of life to make wage labour the general condition of existence only in fairly recent times.
David Harvey Quotes: The social relations of capitalism
One of the curious things about our educational system, I would note, is that the better trained you are in a discipline, the less used to dialectical method you're likely to be. In fact, young children are very dialectical; they see everything in motion, in contradictions and transformations. We have to put an immense effort into training kids out of being good dialecticians. Marx wants to recover the intuitive power of the dialectical method and put it to work in understanding how everything is in process, everything is in motion. He doesn't simply talk about labor; he talks about the labor process. Capital is not a thing, but rather a process that exists only in motion. When circulation stops, value disappears and the whole system comes tumbling down.
David Harvey Quotes: One of the curious things
This attribute of equality within the market system is terribly important; Marx understands it as being fundamental to how capitalism theoretically works. Aristotle, too, understood the need for commensurability and equality in exchange relations, but he couldn't figure out what lay behind it. Why not? Marx's answer is that "Greek society was founded on the labour of slaves, hence had as its natural basis the inequality of men and of their labour-powers" (152). In a slave-holding society there can be no value theory of the sort that we are going to find under capitalism. Again, note the historical specificity of the value theory to capitalism.
David Harvey Quotes: This attribute of equality within
Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of 'the debt trap' as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich. I documented the impact of Volcker's interest rate increase on Mexico earlier. While proclaiming its role as a noble leader organizing 'bail-outs' to keep global capital accumulation on track, the US paved the way to pillage the Mexican economy. This was what the US Treasury–Wall Street–IMF complex became expert at doing everywhere. Greenspan at the Federal Reserve deployed the same Volcker tactic several times in the 1990s. Debt crises in individual countries, uncommon during the 1960s, became very frequent during the 1980s and 1990s. Hardly any developing country remained untouched, and in some cases, as in Latin America, such crises became endemic. These debt crises were orchestrated, managed, and controlled both to rationalize the system and to redistribute assets. Since 1980, it has been calculated, 'over fifty Marshall Plans (over $4.6 trillion) have been sent by the peoples at the Periphery to their creditors in the Center'. 'What a peculiar world', sighs Stiglitz, 'in which the poor countries are in effect subsidizing the richest.
David Harvey Quotes: Beyond the speculative and often
The British imperialist logic that led to the Opium Wars reflected this: there was a lot of silver in China, so the idea was to sell Indian opium to the Chinese, get all that silver out in that lucrative sale, and thereby pay for all the goods that were being produced in Manchester and sent to India. When the Chinese resisted opening their doors to the opium trade, the British response was to knock them down with military force.
David Harvey Quotes: The British imperialist logic that
Any so-called 'radical' strategy that seeks to empower the disempowered in the realm of social reproduction by opening up that realm to monetisation and market forces is headed in exactly the wrong direction. Providing financial literacy classes for the populace at large will simply expose that population predatory practices as they seek to manage their own investment portfolios like minnows swimming in a sea of sharks. Providing microcredit and microfinance facilities encourages people to participate in the market economy but does so in such a way as to maximise the energy they have to expend while minimising their returns. Providing legal title for land property ownership in the hope that this will bring economic and social stability to the lives of the marginalised will almost certainly lead in the long run to their dispossession and eviction from that space and place they already hold through customary use rights.
David Harvey Quotes: Any so-called 'radical' strategy that
Fierce, and what capitalists sometimes call 'ruinous' competition tends, therefore, to produce leap-frogging innovations that more often that not lead capitalists to fetishise technological and organisational innovations as the answer to all their prayers
David Harvey Quotes: Fierce, and what capitalists sometimes
The reduction of experience to 'a series of pure and unrelated presents' further implies that the 'experience of the present becomes powerfully, overwhelmingly vivid and "material": the world comes before the schizophrenic with heightened intensity, bearing the mysterious and oppressive charge of affect, glowing with hallucinatory energy' (Jameson, 1984b, 120). The image, the appearance, the spectacle can all be experienced with an intensity (joy or terror) made possible only by their appreciation as pure and unrelated presents in time. So what does it matter 'if the world thereby momentarily loses its depth and threatens to become a glossy skin, a stereoscopic illusion, a rush of filmic images without destiny?' (Jameson, 1984b). The immediacy of events, the sensationalism of the spectacle (political, scientific, military, as well as those of entertainment), become the stuff of which consciousness is forged.
David Harvey Quotes: The reduction of experience to
But the more time has been released from production, the more imperative it has become to absorb that time in consumption and consumerism, given that, as was earlier argued, capitalist 'economic rationality has no room for authentically free time which neither produces nor consumes commercial wealth'. The ever-present danger is that freely associating and self-creating individuals, liberated from the chores of production and blessed with a whole range of labour-saving and time-saving technologies to aid their consumption, might start to build an alternative non-capitalistic world. They might become inclined to reject the dominant capitalist economic rationality, for example, and start evading its overwhelming but often cruel rules of time discipline. To avoid such eventualities, capital must not only find ways to absorb more and more goods and services through realisation but also somehow occupy the free time that the new technologies release.
David Harvey Quotes: But the more time has
Massive concentration of financial power, accompanied by the machinations of finance capital , can as easily de-stabilize as stabilize capitalism.
David Harvey Quotes: Massive concentration of financial power,
The invocation of social necessity should alert us. It contains the seeds for Marx's critique of political economy as well as for his dissection of capitalism .
David Harvey Quotes: The invocation of social necessity
Money must exist before it can be turned into capital.
David Harvey Quotes: Money must exist before it
Once you can hang a price tag on something, you can in principle put a price tag on anything, including conscience and honor, to say nothing of body parts and children.
David Harvey Quotes: Once you can hang a
Empiricism assumes that objects can be understood independendy of observing subjects. Truth is therefore assumed to lie in a world external to the observer whose job is to record and faithfully reflect the attributes of objects. This logical empiricism is a pragmatic version of that scientific method which goes under the name of 'logical positivism', and is founded in a particular and very strict view of language and meaning.
David Harvey Quotes: Empiricism assumes that objects can
If Occupy Wall Street can see their way to more collaboration with the union movement, then there will be a great deal of political action possible.
David Harvey Quotes: If Occupy Wall Street can
What sets imperialism of the capitalist sort apart from other conceptions of empire is that it is the capitalist logic that typically dominates, though ... there are times in which the territorial logic comes to the fore. But this then poses a crucial question: how can the territorial logics of power, which tend to be awkwardly fixed in space, respond to the open spatial dynamics of endless capital accumulation? And what does endless capital accumulation imply for the territorial logics of power?
David Harvey Quotes: What sets imperialism of the
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