GGR254H1 Lecture Notes - Rust Belt, Capital Accumulation, Fixed Asset
Document Summary
Harvey"s career goal is to understand the relationship between capitalism and geography. The production of space and investments in the built environment are a key part of the wider process of capital accumulation. Capitalism can"t survive without investing in the built environment. Increasing productivity and increasing the workday increases surplus value. State plays central role in stopping these crises from developing. Capitalists seek a competitive advantage in investing in space. Regional systems of production - build alliances. Systems of production are embedded in regions. Primary - capitalist ideals money > commodity > production > more money. Secondary - flow of capital into the fixed asset fund. Tertiary - investment in social programs, science, technology. Over accumulation of surplus value sitting in a certain place. Fixes developed in order to get the capital circulation. Spatial fix - opening new markets or investing in land. Spatio-temporal fixes are the combination of spatial and temporal fix.
