The Speed of Collapse: The Space-Time Dimensions of Capitalism's First Great Crisis of the 21st Century. Hassan, R. Critical Sociology, 37(4):385–402, July, 2011. 00017Paper doi abstract bibtex 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.
@article{hassan_speed_2011,
title = {The {Speed} of {Collapse}: {The} {Space}-{Time} {Dimensions} of {Capitalism}'s {First} {Great} {Crisis} of the 21st {Century}},
volume = {37},
issn = {0896-9205, 1569-1632},
shorttitle = {The {Speed} of {Collapse}},
url = {http://crs.sagepub.com/cgi/doi/10.1177/0896920510380946},
doi = {10.1177/0896920510380946},
abstract = {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.},
language = {en},
number = {4},
urldate = {2017-04-23},
journal = {Critical Sociology},
author = {Hassan, R.},
month = jul,
year = {2011},
note = {00017},
keywords = {capitalism, collapse, limits-to-growth},
pages = {385--402},
file = {Hassan - 2011 - The Speed of Collapse The Space-Time Dimensions o.pdf:C\:\\Users\\rsrs\\Documents\\Zotero Database\\storage\\84K53X2Q\\Hassan - 2011 - The Speed of Collapse The Space-Time Dimensions o.pdf:application/pdf}
}
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