The Speed of Collapse: The Space-Time Dimensions of Capitalism's First Great Crisis of the 21st Century
Dados Bibliográficos
| AUTOR(ES) | |
|---|---|
| AFILIAÇÃO(ÕES) | University of Melbourne |
| ANO | 2011 |
| TIPO | Artigo |
| PERIÓDICO | Critical Sociology |
| ISSN | 0896-9205 |
| E-ISSN | 1569-1632 |
| DOI | 10.1177/0896920510380946 |
| CITAÇÕES | 4 |
| ADICIONADO EM | 2025-08-18 |
| MD5 |
00f68ad66ec5482f5e66b33af678a9bb
|
Resumo
The essay analyses the global economic crisis from a critical perspective on the function of capital accumulation in space-time. It argues that the relative 'speed of collapse' is a historically new phenomenon that has been generated through the neoliberal and ICT driven mode of capitalism that has dominated since the 1970s. The 'speed of collapse', I argue, will be followed by a rapid financially led recovery that signals not that the system is self-stabilizing and durable, but that the system is out of control. This lack of control and the irreconcilable effects of space-time upon a constantly accumulating capital with fewer and fewer profitable outlets mean that a future system crisis is both inevitable and will carry greater destructive resonance.