The Enigma of Capital and the Crises of Capitalism Quotes

“Since the 1970S, financial innova­tions such as the securitisation of mortgage debt and the spreading of investment risks through the creation of derivative markets, all tacitly (and now, as we see, actually) backed by state power, have permitted a huge flow of excess liquidity into all facets of urbanisa­tion and built environment construction worldwide.”
― David Harvey, The Enigma of Capital and the Crises of Capitalism

“We can't, it seems, live without [capitalism] even as we complain about it.”
― David Harvey, The Enigma of Capital and the Crises of Capitalism

“Fierce, and what capitalists sometimes call 'ruinous' competition tends, therefore, to produce leap-frogging innovations that more often that not lead capitalists to fetishise technological and organisational innovations as the answer to all their prayers”
― David Harvey, The Enigma of Capital and the Crises of Capitalism

“Barriers to accumulation are perpetually dissolving and re-forming around the issue of so-called natural scarcities and on occasion, as Marx might put it, these barriers can be transformed into absolute contradictions and crises.”
― David Harvey, The Enigma of Capital and the Crises of Capitalism

“Credit is very Protestant, noted Marx-it rests on pure faith.”
― David Harvey, The Enigma of Capital and the Crises of Capitalism