Short-term market conjunctures govern tactics, while durable situations govern strategy.

Evidence

Difference between ‘situation’ and ‘conjuncture’: the conjuncture is the set of immediate and ephemeral characteristics of the economic situation … Study of the conjuncture is thus more closely linked to immediate politics, to ‘tactics’ and agitation, while the ‘situation’ relates to ‘strategy’ and propaganda, etc. — Antonio Gramsci, Selections from the Prison Notebooks, 2201

Categorization

  • XREF: Maps onto the tactics-versus-strategy split later Islamophobia scholarship uses to separate episodic moral panics from durable racialized structures. — connects to: Conjuncture means immediate ephemeral conditions while situation means longer strategic structure. — Antonio Gramsci, Selections from the Prison Notebooks, 2200

Broader Connections