Question

=How would David Harvey, drawing on Marx, explain the history of capitalism in terms of the spatial fix? Be sure to use appropriate Marxian terminology. How might you critique this history of capitalism by taking a more intersectional approach?

Answer 1

The essential disagreement in Harvey’s theory of new imperialism is that the overaccumulation of capital impulses capitalists and capitalism into an ever-greater recourse to non-capitalist forms of plunder. The extraction of surplus-value from wage-labor, from confiscation of communal property to privatization of welfare, which evident the kind of encroachment on the commons. whether a public property or pristine nature, new imperialism is categorized by “a shift in emphasis from accumulation through expanded reproduction to accumulation through dispossession,” Harvey is highlited the essence of different form of increasing accumulation, old and new forms of accumulation by dispossession. He did not identify that imperialism’s structred and moving in a different direction.

He draw the attention the enormous groove of value and surplus-value moves from the global South trough low wage advantage to the imperialist centers. It depict the a movement which has significantly increased in scale during the neoliberal era. U.S.-based corporations essentially initiated to offshore production in the mid-1960s, but this movement only gathered where labour and raw materials were cheaper. It basically called as geographical production of surplus-value to diverge from its geographical distribution. the development of foreign trade redirects an huge extension of the power of imperialist multinational corporations over low wage countries.