GEOG 216 Lecture Notes - Fictitious Capital, Eday, Creative Destruction
23 Nov 2012
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Document Summary
Town in michigan that was the centre of fordism auto production. Ppl had unionized jobs, worked in factories, middle-class lives. S/thing happens crisis of fordism de-indusz. Manufacturing of first-world starts to leave, go s/where else. Ppl in heyday of flint had good incomes, good standards of living. Capital conts to grow, accumulate, needs places to go to grow further. Fordism has material structures in place (infrastructure, products produce, arrangement b/w capital + labour, instits deal w/social reproduction) Delivered goods for long period of time. Around world, more ppl brought into middle-class standards of living. Creative destruction all of these outlets for growth become rigidities. Film: see ppl"s houses, bedrooms, children, e/day lives. Creative destruction = destruction of lives + livelihoods. Can see connection b/w economic violence + actual violence in e/day life. See over-accumulation of capital happens in late 60s, 70s. Capital tends to shift into finance limit of how much you can invest in same structures of production.
