Late capitalism requires spaces abandoned by capital that it later exploits
Evidence
Yet this appearance of total subsumption is at least partially misguided. As Mandel points out, “late capitalism is not a completely organized society at all. It is merely a hybrid and bastardized combination of organization and anarchy… . The quest for profit and the valorization of capital remain the motor of the whole economic process, with all the unresolved contradictions which they inexorably generate.” Even formal subsumption occurs unevenly: capitalism must rely on producing spaces “beyond” capitalism, in outside spaces that may seem “impoverished” because of their abandonment by capital, exteriors that, anarchically, produce new conflicts and possibilities through the essential contradictions of capitalism, such as the inevitable contradiction between use value and exchange value. The formal and real subsumption of “everything” generates, and even requires, people and activities that cannot be subsumed, “abandoned” by capital—a horizon left to rot until capital can “save” (read: exploit) these very spaces once left behind. — Grant Bollmer, Katherine Guinness, The Influencer Factory, 353
Categorization
Category: Causal Relationships
Related
- Capitalism’s total subsumption paradoxically requires unsublated exteriors to exploit (similarity 0.94)
- Full subsumption by capital will not collapse capitalism through internal contradictions (similarity 0.89)
- Late capitalism is when life’s exteriors to capital become nearly impossible to find. (similarity 0.85)
- Late capitalism is defined by the difficulty of identifying exteriors to capital. (similarity 0.85)
- Capital’s subsumption will not collapse on its own through internal contradictions. (similarity 0.84)
- Late capitalism survives crises by incorporating whatever previously stood outside it (similarity 0.82)
- In late capitalism capital has expanded beyond the nation-state, leaving it archaic (similarity 0.79)
- Capital abandons regions then re-exploits them via new investment (similarity 0.79)