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david_harvey [2014/08/05 16:14] Ryan Schram (admin) [David Harvey] |
david_harvey [2020/01/25 15:28] (current) |
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| A capitalist business owner only sees things in terms of what adds costs to her business, and distance is often a cost that cuts into profit. So capitalists invest their capital in creating new forms of transportation which overcome space. | A capitalist business owner only sees things in terms of what adds costs to her business, and distance is often a cost that cuts into profit. So capitalists invest their capital in creating new forms of transportation which overcome space. | ||
| - | Of course, for Marx, the capitalist system, driven for ever greater profits, is a runaway train heading for destruction. There are limits to capital's ability to overcome space and make more money. In his studies of cities, people's movements, and globalization, Harvey seizes on this point. He writes that it it is a law of capitalism that wherever capital encounters a limit of its own ability to grow, it works to transform this limit into a barrier that it can overcome. For the most part, capital does this through its influence over the state. In a capitalist system, the state serves the interests of the capitalist ruling class. Whenever capital encounters a limit to growth, it calls it an unfair restriction on the free market and demands that governments institute "free trade." Capital has the power to erase lines on the map and bend space any which way to suit its needs. | + | Of course, for Marx, the capitalist system, driven for ever greater profits, is a runaway train heading for destruction. There are limits to capital's ability to overcome space and make more money. In his studies of cities, people's movements, and globalization, Harvey seizes on this point. He writes that it it is a law of capitalism that wherever capital encounters a limit of its own ability to grow, it works to transform this limit into a barrier that it can overcome (Harvey 2010). For the most part, capital does this through its influence over the state. In a capitalist system, the state serves the interests of the capitalist ruling class. Whenever capital encounters a limit to growth, it calls it an unfair restriction on the free market and demands that governments institute "free trade." Capital has the power to erase lines on the map and bend space any which way to suit its needs. |
| Hence, for Harvey, the globalization of the capitalist system is characterized by a process of speeding up, driven by the capitalist logic of growth. The global order is defined by the feature of **time-space compression** through technology that facilitates the free flow of money to buy raw material and produce goods for sale (Harvey 1990). | Hence, for Harvey, the globalization of the capitalist system is characterized by a process of speeding up, driven by the capitalist logic of growth. The global order is defined by the feature of **time-space compression** through technology that facilitates the free flow of money to buy raw material and produce goods for sale (Harvey 1990). | ||
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