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Journal ArticleDOI

A Savage Sorting of Winners and Losers: Contemporary Versions of Primitive Accumulation

Saskia Sassen
- 27 Apr 2010 - 
- Vol. 7, pp 23-50
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TLDR
This paper explore the possibility that capitalism is today undergoing the systemic equivalent to Marx's notion of primitive accumulation, only now as a deepening of advanced capitalism predicated on the destruction of more traditional forms of capitalism.
Abstract
Here I explore the possibility that capitalism is today undergoing the systemic equivalent to Marx's notion of primitive accumulation, only now as a deepening of advanced capitalism predicated on the destruction of more traditional forms of capitalism. I focus on two diverse instances which share a common systemic logic: expulsing people from more traditional capitalist encasements. One instance is that of countries devastated by an imposed debt and debt-servicing regime which took priority over all other state expenditures; at its most extreme, the ensuing devastation of traditional economies and traditional states has made the land more valuable to the global market than the people on it. The other instance, which I see as a systemic equivalent to the first, is the potential for global replication of the financial innovation that destroyed 15 million plus households in the US in two years, with many more to come; household destruction at this scale devastates whole areas of cities, and leaves vacant lan...

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Citations
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Journal ArticleDOI

The new enclosures: critical perspectives on corporate land deals

TL;DR: In this article, the authors use the tools of agrarian political economy to explore the rapid growth and complex dynamics of large-scale land deals in recent years, with a special focus on the implications of big land deals for property and labour regimes, labour processes and structures of accumulation.

Micro-credit initiatives for equitable and sustainable development : who pays?; a case study of the Grameen Bank Program in rural Bangladesh

A. Rahman
TL;DR: In this paper, anthropological research on the micro-credit program of the Grameen Bank shows that bank workers are expected to increase disbursement of loans among their members and press for high recovery rates to earn profit necessary for economic viability of the institution.
Journal ArticleDOI

Land grabbing in Latin America and the Caribbean

TL;DR: Land grabbing has gained momentum in Latin America and the Caribbean during the past decade The phenomenon has taken different forms and character as compared to processes that occur in other regions of the world, especially Africa as mentioned in this paper.
Journal ArticleDOI

Banking Nature? The Spectacular Financialisation of Environmental Conservation

TL;DR: In this paper, the turning of financiers to conservation parameters as a new frontier for investment and rewriting of conservation practice and nonhuman worlds in terms of banking and financial categories is discussed.
Journal ArticleDOI

The land question: special economic zones and the political economy of dispossession in India

TL;DR: In this article, the authors argue that existing theories of land grabs do not adequately explain why dispossession becomes necessary to accumulation at particular times and places, and seek to reconstruct Harvey's theory of accumulation by dispossession to adequately account for it.
References
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Book

The Global City

Saskia Sassen
MonographDOI

The Global City: New York, London, Tokyo

TL;DR: Sassen's seminal work as discussed by the authors chronicles how New York, London, and Tokyo became command centers for the global economy and in the process underwent a series of massive and parallel changes.
Book

The New Imperialism

David Harvey
TL;DR: In this paper, the authors describe how America's power grew and how capital bondage was used for accumulation by dispossession and consent to coercion by consenting to coercion.

The Global City

Peter Hall
Book

Cities in a world economy

Saskia Sassen
TL;DR: The New Urban Economy: The Intersection of Global Processes and Place as mentioned in this paper is an example of a new urban economy that is based on economic globalization and place and production in the global economy.
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