Crises are met by primitive accumulation that privatizes public assets

Evidence

Indeed, it is here that the alpha and the omega of capitalism meet: primitive accumulation (de Angelis 2007, 97–101; Federici 2005; Midnight Notes 1990) or “accumulation by dispossession” (Harvey 2003, ch.4) is relied upon in times of crisis to fill the vacuum left by the evaporation of fictitious capital as social programs and public assets are liquidated and privatized. — Max Haiven, Cultures of Financialization, 106

Categorization

• XREF: Austerity-as-primitive-accumulation frames the current era; connects to deWaard’s cultural argument about finance normalizing dispossession as everyday background condition. — connects to: Surplus capital seizes low-cost assets and converts them to profit — Shoshana Zuboff, The Age of Surveillance Capitalism, 314; Primitive accumulation continues alongside capitalism rather than merely preceding it — Nick Couldry & Ulises A. Mejias, The Costs of Connection: How Data Is…, 178; Lost profits privatize while losses nationalize in statist capitalism. — Antonio Gramsci, Selections from the Prison Notebooks, 1153 (+2 more)

Broader Connections

• Surplus capital seizes low-cost assets and converts them to profit #expands (0.85) — Shoshana Zuboff, The Age of Surveillance Capitalism, 314
• Primitive accumulation continues alongside capitalism rather than merely preceding it #corroborates (0.82) — Nick Couldry & Ulises A. Mejias, The Costs of Connection, 178
• Lost profits privatize while losses nationalize in statist capitalism. #corroborates (0.78) — Antonio Gramsci, Selections from the Prison Notebooks, 1153
• Nationalization was inverted to socialize losses while privatizing remaining gains #corroborates (0.77) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 947
• Austerity is a recurring policy suite that entrenches wealth and private primacy #expands (0.75) — Clara E. Mattei, The Capital Order, 21