πŸ“š node [[20200720100823 the_long_twentieth_century]]
πŸ“• text contributed by @ryan 本

The Long Twentieth Century

Introduction

  • The [[Fordist]]-[[Keynesianist]] accumulation policy of the post war era lacked, according to [[David Harvey]], flexibility

  • [[Capital]] tends to revert to its more flexible forms of investment, i.e. [[money capital]]

  • Capitalism tends to reach a certain point of development of [[finance capital]] repeatedly

    [Every] capitalist development of this order seems, by reaching the stage of financial expansion, to have in some sense announced its maturity: it [is] a sign of autumn. β€” Braudel 1984: 246, as quoted by the author

  • [[M-C-M exchange]] process can be seen as emblematic of capitalist development in general, with periods of capital accumulation (M-C) and periods of financial rebirth and expansion (C-M’)

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