also by david harvey The Limits to Capital (1982) The Condition of Postmodernity (1989) The New Imperialism (2003) A Brief History of Neoliberalism (2005) Spaces of Global Capitalism (2006) The Communist Manifesto: New Introduction (2009) Cosmopolitanism and the Geographies of Freedom (2009) Social Justice and the City: Revised Edition (2009) A Companion to Marx’s Capital (2010)
The Enigma of Capital and the Crises of Capitalism
DAVID HARVEY
1
2010
1
Oxford University Press, Inc., publishes works that further Oxford University’s objective of excellence in research, scholarship, and education. Oxford New York Auckland Cape Town Dar es Salaam Hong Kong Karachi Kuala Lumpur Madrid Melbourne Mexico City Nairobi New Delhi Shanghai Taipei Toronto With offices in Argentina Austria Brazil Chile Czech Republic France Greece Guatemala Hungary Italy Japan Poland Portugal Singapore South Korea Switzerland Thailand Turkey Ukraine Vietnam
Copyright © 2010 by David Harvey
Published in North America by Oxford University Press, Inc. 198 Madison Avenue, New York, NY 10016 www.oup.com Published in the United Kingdom in 2010 by Profile Books Ltd. Oxford is a registered trademark of Oxford University Press All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Library of Congress Cataloging-in-Publication data is available ISBN: 978-0-19-975871-5
Printed in the United States of America on acid-free paper
Contents
Preamble 1 2 3 4 5 6 7 8 The disruption Capital assembled Capital Goes to Work Capital Goes to Market Capital Evolves The Geography of it all Creative destruction on the Land What is to be done? and Who is Going to do it? appendices Sources and Further reading index
vi 1 40 58 106 119 140 184 215 261 263 268
Preamble
This book is about