Capital Accumulation Quotes

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

A nation cannot prosper if its members are not fully aware of the fact that what alone can improve their condition s is more and better production. And this can only be brought about by increased saving and capital accumulation. ~ Ludwig Von Mises

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

Today you have a situation where now the prescription is: People who don't have enough money to buy food should end up paying for their drinking water. That is going to be the kind of situation in which you will get more child labor. You will get more exploitation of women. You're going to get an absolutely exploitative economy as the very basis of living becomes a source of capital accumulation and corporate growth. In fact, the chief of Coca-Cola in India said: "Our biggest market in India comes from the fact that there is no drinking water left. People will have to buy Coca-Cola. ~ Vandana Shiva

That which constitutes the cause of the economic poverty of our age is what the English call over-production (which means that a mass of things are made which are of no use to anybody, and with which nothing can be done). ~ Leo Tolstoy

In almost every enterprise, government has provided business with opportunities for private gain at public expense. Government nurtures private capital accumulation through a process of subsidies, supports, and deficit spending and an increasingly inequitable tax system. ~ Michael Parenti

There is an extraordinary irony in government efforts to promote more rational and sustainable forms of behaviour in individuals in economies which are dominated by the imperative to make profit through capital accumulation, and which are inevitably addicted to unsustainable growth. Too much of the practice literature ignores political economic matters mediating practices. As Tim Jackson and others have shown, the idea of a green capitalism, in which growth of output is 'de-coupled' from greenhouse gas emissions, is an impossible dream. I shall therefore argue that practice approaches need to consider political economic matters. ~ Elizabeth Shove

As Dalla Costa put it, women's unpaid
labor in the home has been the pillar upon which the exploitation of the waged workers, "wage slavery," has been built, and the secret of ies productivity (1972:31). Thus, the power differential between women and men in capitalist societry cannot be attributed to the irrelevance of housework for capitalist accumulation - an irrelevance belied by the strict rules that have governed women's lives - nor CO the survival of timeless cultural schemes. Rather, it should be interpreted as the effect of a social system of production that does not recognize the production and reproduction of the worker as a social-economic activity. and a source of capital accumulation, but mystifies it instead as a natural resource or a personal service, willie profiting from the wageless conclition of the labor involved. ~ Silvia Federici

In a sense, the farmer was the looniest speculator in a nation overrun with them. He was wagering he would master this fathomlessly intricate global game, pay off his many debts, and come out with enough extra to play another round. On top of that, he was betting on the kindness of Mother Nature, always supremely risky. But the farmer had no choice if he hoped to sustain himself and a way of life, the family farm. Instead, he was drawn into a kind of social suicide. The family farm and the whole network of small-town life that it patronized were being washed away into the rivers of capital and credit that flowed toward the railroads, banks, and commodity exchanges, toward the granaries, wholesalers, and numerous other intermediaries that stood between the farmer and the world market. Disappearing into all the reservoirs of capital accumulation, the family farm increasingly remained a privileged way of life only in sentimental memory.

Perversely the dynamic Lincoln had described as the pathway out of dependency - spending a few years earning wages, saving up, buying a competency, and finally hiring others - now operated in reverse. Starting out as independent farmers, families then slipped inexorably downward, first mortgaging the homestead, then failing under intense pressure to support that mortgage (they called themselves "mortgage slaves") and falling into tenancy - or into sharecropping if in the South - and finally ending where Lincoln's story began, as dispos ~ Steve Fraser

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government. ~ Ludwig Von Mises

The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation and distorts, unbalances, and shrinks production. Total real wealth and income is made smaller than it would otherwise be. On net balance there is more poverty rather than less. ~ Henry Hazlitt

It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become - of all things - Wall Street's own slogan. ~ Robert Kuttner

The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation. ~ Ludwig Von Mises

The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions. ~ Ludwig Von Mises

Modern society is incredibly complex, complex even beyond human comprehension, if we grant its premises - property, "production for the sake of production," competition, capital accumulation, exploitation, finance, centralization, coercion, bureaucracy and the domination of man by man. Linked to every one of these premises are the institutions that actualize it - offices, millions of "personnel," forms, immense tons of paper, desks, typewriters, telephones, and, of course, rows upon rows of filing cabinets. As in Kafka's novels, these things are real but strangely dreamlike, indefinable shadows on the social landscape. The economy has a greater reality to it and is easily mastered by the mind and senses, but it too is highly intricate - if we grant that buttons must be styled in a thousand different forms, textiles varied endlessly in kind and pattern to create the illusion of innovation and novelty, bathrooms filled to overflowing with a dazzling variety of pharmaceuticals and lotions, and kitchens cluttered with an endless number of imbecile appliances. If we single out of this odious garbage one or two goods of high quality in the more useful categories and if we eliminate the money economy, the state power, the credit system, the paperwork and the policework required to hold society in an enforced state of want, insecurity and domination, society would not only become reasonably human but also fairly simple. ~ Murray Bookchin

And the space created by capital is a very seductive space indeed - provided you have the money. ~ Alessandro Busà

The workforce in Latin America was treated as a vulgar instrument for capital accumulation. ~ Rafael Correa

Most economic histories of the "world" not only omit most extra-European production and exchange (even most of that outside West Europe or even northwest Europe); they neglect the participation of the productive and exchange activities of extra-European countries in the European, not to say world, process of accumulation and development. Moreover, they disregard the part that these productive and exchange relations played in the developing world system. ~ Andre Gunder Frank

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

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

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

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

We must learn to think in terms of an articulated structure that can cope with a multiplicity of small-scale units. If economic thinking cannot grasp this it is useless. If it cannot get beyond its vast abstractions, the national income, the rate of growth, capital/output ratio, input-output analysis, labour mobility, capital accumulation; if it cannot get beyond all this and make contact with the human realities of poverty, frustration, alienation, despair, breakdown, crime, escapism, stress, congestion, ugliness and spiritual death, then let us scrap economics and start afresh. ~ Ernst F. Schumacher

But a progressive policy needs more than just a bigger break with the economic and moral assumptions of the past 30 years. It needs a return to the conviction that economic growth and the affluence it brings is a means and not an end. The end is what it does to the lives, life-chances and hopes of people. Look at London. Of course it matters to all of us that London's economy flourishes. But the test of the enormous wealth generated in patches of the capital is not that it contributed 20%-30% to Britain's GDP but how it affects the lives of the millions who live and work there. What kind of lives are available to them? Can they afford to live there? If they can't, it is not compensation that London is also a paradise for the ultra-rich. Can they get decently paid jobs or jobs at all? If they can't, don't brag about all those Michelin-starred restaurants and their self-dramatising chefs. Or schooling for children? Inadequate schools are not offset by the fact that London universities could field a football team of Nobel prize winners. ~ Eric J. Hobsbawm

The world has shown that if you provide capital and expertise to an area that is starved for capital and expertise, really good things will happen. ~ Nathan Myhrvold

Capital follows you when you dream. ~ Mark Fisher

In Austin, the eco-capital of Texas, residents tend to favor native plants and wildflowers to the sculpted lawns of the Palm Springs variety. ~ Douglas Brinkley

Every black person who spends time with a lot of white people eventually ends up being asked to speak for every black person and I hate that. It's really stupid. And everyone gets to respond to that idiocy however they want. But my anxiety eventually made me extremely careful about everything I said, because of course I don't represent capital-B Black People, but if people think I do, then I still feel a responsibility to try to do it well. ~ Hank Green

I wish more people knew that the only one of the three main parties where not a single MP flipped from one property to the next, and not a single MP avoided capital-gains tax, where every single London MP did not claim a penny of second-home allowance, was the Liberal Democrats. ~ Nick Clegg

Faith is like private capital, stored in one's own house. It is like a public savings bank or loan office, from which individuals receive assistance in their days of need; but here the creditor quietly takes his interest for himself. ~ Johann Wolfgang Von Goethe

Housing prices had never before fallen as far and as fast as they did beginning in 2007. But that's what happened. Former Federal Reserve chairman Alan Greenspan explained to a congressional committee after the fact, "The whole intellectual edifice, however, collapsed in the summer of [2007] because the data input into the risk management models generally covered only the past two decades, a period of euphoria. Had instead the models been fitted more appropriately to historic periods of stress, capital requirements would have been much higher and the financial world would be in far better shape, in my judgment."3 ~ Charles Wheelan

Capital punishment is the most premeditated of murders. ~ Albert Camus

It doesn't take Warren Buffett to realize that when companies don't know what new rules will look like, it affects their ability to commit capital and create new jobs. ~ John Sununu

Worse there cannot be; a better, I believe, there may be, by giving energy to the capital and skill of the country to produce exports, by increasing which, alone, can we flatter ourselves with the prospect of finding employment for that part of our population now unemployed. ~ Joseph Hume

Rule #4 is entitled "Think Small, Act Big." It's in this understanding of career capital and its role in mission that we get our explanation for this title. Advancing to the cutting edge in a field is an act of "small" thinking, requiring you to focus on a narrow collection of subjects for a potentially long time. Once you get to the cutting edge, however, and discover a mission in the adjacent possible, you must go after it with zeal: a "big" action. Pardis ~ Cal Newport

We estimate the wisdom of nations by seeing what they did with their surplus capital. ~ Ralph Waldo Emerson

I started with capital of about $1,500, a princely sum for a student coming out of college, an amount I borrowed from my father. ~ Sunil Mittal

That's the standard technique of privatization: defund, make sure things don't work, people get angry, you hand it over to private capital. ~ Noam Chomsky

Haitian diplomacy will be oriented toward the influx of foreign capital, direct investments that create jobs and stimulate economic growth. ~ Laurent Lamothe

I believe all life has value, from conception to natural death. And I believe the intentional taking of human life, except to save lives, should be a capital offense, as it is in most states in America today. ~ Tom Coburn

Entrepreneurial management in the new venture has four requirements: It requires, first, a focus on the market. It requires, second, financial foresight, and especially planning for cash flow and capital needs ahead. It requires, third, building a top management team long before the new venture actually needs one and long before it can actually afford one. And finally, it requires of the founding entrepreneur a decision in respect to his or her own role, area of work, and relationships. ~ Peter F. Drucker

A class of labourers, who live only so long as they find work, and who find work only so long as their labour increases capital. ~ Karl Marx

To a bystander like me, those who made 190 million pounds deliberately underselling the shares of HBOS, in spite of its very strong capital base, and drove it into the bosom of Lloyds TSB Bank, are clearly bank robbers and asset strippers. ~ John Sentamu

Don't dash off a six-thousand-word story before breakfast. Don't write too much. Concentrate your sweat on one story, rather than dissipate it over a dozen. Don't loaf and invite inspiration; light out after it with a club, and if you don't get it you will none the less get something that looks remarkably like it. Set yourself a "stint," [London wrote 1,000 words nearly every day of his adult life] and see that you do that "stint" each day; you will have more words to your credit at the end of the year.

Study the tricks of the writers who have arrived. They have mastered the tools with which you are cutting your fingers. They are doing things, and their work bears the internal evidence of how it is done. Don't wait for some good Samaritan to tell you, but dig it out for yourself.

See that your pores are open and your digestion is good. That is, I am confident, the most important rule of all.

Keep a notebook. Travel with it, eat with it, sleep with it. Slap into it every stray thought that flutters up into your brain. Cheap paper is less perishable than gray matter, and lead pencil markings endure longer than memory.

And work. Spell it in capital letters. WORK. WORK all the time. Find out about this earth, this universe; this force and matter, and the spirit that glimmers up through force and matter from the maggot to Godhead. And by all this I mean WORK for a philosophy of life. It does not hurt how wrong your philosophy of life may ~ Jack London

She didn't think in terms of "dom" being capitalized and "sub" being lowercase. To Erin, D/s wasn't about one person being worthy of a capital letter and the other not. It wasn't about unequal worth; it was about two equals sharing power, sharing sex and emotion. She didn't submit to him because she wanted to be debased or harmed, because she needed to be lesser than anyone. She was aware some people got off on that, and hey, whatever floats your boat. But when he dominated her, she felt cherished and adored, cosseted in those cherished moments between them-in a way she never achieved with anyone else. ~ Lauren Dane

Assuming a sentence rises into the air with the initial capital letter and lands with a soft-ish bump at the full stop, the humble comma can keep the sentence aloft all right, UP like this, UP, sort-of bouncing, and then falling down, and then UP it goes again, assuming you have enough additional things to say, although in the end you may run out of ideas and then you have to roll along the ground with no commas at all until some sort of surface resistance takes over and you run out of steam anyway and then eventually with the help of three dots ... you stop. But the thermals that benignly waft our sentences to new altitudes - that allow us to coast on air, and loop-the-loop, suspending the laws of gravity - well, they are the colons and semicolons. ~ Lynne Truss

The result of neo-colonialism is that foreign capital is used for the exploitation rather than for the development of the less developed parts of the world. Investment under neo-colonialism increases rather than decreases the gap between the rich and poor countries of the world. ~ Kwame Nkrumah

My new play 'Chinglish,' which will go to Broadway, is about a white American businessman who goes to a provincial capital in China, hoping to make a deal there. It's bilingual. And it's about trying to communicate across language and cultural barriers. ~ David Henry Hwang

Finding a taxi, she felt like a child pressing her nose to the window of a candy store as she watched the changing vista pass by while the twilight descended and the capital became bathed in a translucent misty lavender glow. Entering the city from that airport was truly unique. Charles de Gaulle, built nineteen miles north of the bustling metropolis, ensured that the final point of destination was veiled from the eyes of the traveller as they descended. No doubt, the officials scrupulously planned the airport's location to prevent the incessant air traffic and roaring engines from visibly or audibly polluting the ambience of their beloved capital, and apparently, they succeeded. If one flew over during the summer months, the visitor would be visibly presented with beautifully managed quilt-like fields of alternating gold and green appearing as though they were tilled and clipped with the mathematical precision of a slide rule. The countryside was dotted with quaint villages and towns that were obviously under meticulous planning control. When the aircraft began to descend, this prevailing sense of exactitude and order made the visitor long for an aerial view of the capital city and its famous wonders, hoping they could see as many landmarks as they could before they touched ground, as was the usual case with other major international airports, but from this point of entry, one was denied a glimpse of the city below. Green fields, villages, more fields, the ground grew closer ~ E.A. Bucchianeri

It is belief in the Bible, the fruits of deep meditation, which has served me as the guide of my moral and literary life. I have found capital safely invested and richly productive of interest, although I have sometimes made but a bad use of it. ~ Johann Wolfgang Von Goethe

Oil painting did to appearances what capital did to social relations. It reduced everything to the equality of objects. Everything became exchangeable because everything became a commodity. ~ John Berger

But though a funded debt is not in the first instance, an absolute increase of Capital, or an augmentation of real wealth; yet by serving as a New power in the operation of industry, it has within certain bounds a tendency to increase the real wealth of a Community, in like manner as money borrowed by a thrifty farmer, to be laid out in the improvement of his farm may, in the end, add to his Stock of real riches. ~ Alexander Hamilton

Time is your capital don't waste for others, use for making yourself ~ Aabas Sadkani

The main consideration with those who, possessing some capital, propose to emigrate as the means of improving their condition, is, the society likely to be found in the land fixed on for their future residence. ~ Charles Sturt

Emerson abandoned irony for blunt and passionate speech.
'This war has been a monumental blunder from the start! Britain is not solely responsible, but by God, gentlemen, she must share the blame, and she will pay a heavy price: the best of her young men, future scholars and scientists and statesmen, and ordinary, decent men who might have led ordinary, decent lives. And how will it end, when you tire of your game of soldiers? A few boundaries redrawn, a few transitory political advantages, in exchange for an entire continent laid waste and a million graves! What I do may be of minor importance in the total accumulation of knowledge, but at least I don't have blood on my hands. ~ Elizabeth Peters