INGS1001 Lecture Notes - Lecture 1: Primitive Accumulation Of Capital, Capital Accumulation, Neocolonialism
26 Jul 2018
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Document Summary
Harvey argues that neoliberalism is a project to achieve the restoration of class power" in the wake of the economic crisis of the 1970s. He sees the processes of this era as purposive and intentional, even if experimentation occurred to determine preferred paths. Harvey argues that neoliberal state"s role is to institute and maintain an institutional structure to ensure this occurs. He argues that neoliberalism is a distinct and new phenomenon involving an emphatic turn in political-economic practices and thinking". While he places political economic change (in particular problems of capital accumulation effectively, profit) at the centre of understanding the contemporary era, he partly foregrounds neoliberalism as synonymous with, and deriving supremacy from, its ideology. Harvey also argues that the ruling class had less power in the long post-wwii boom, and therefore that neoliberalism was a successful effort to re-establish class power.
