Skip to main content
Palgrave Macmillan

Extreme Uneven Development

Financial Volatility, Deep Capitalist Crisis and Super-Exploitation in South Africa and the World

  • Book
  • Dec 2024
  • Latest edition


  • Brings together themes of uneven development, financialisation and capitalist crisis
  • Focuses on the political economy of South Africa
  • Re-assesses classic Marxist theories of finance capital and uneven development

Part of the book series: Palgrave Insights into Apocalypse Economics (PIAE)

Buy print copy

About this book

This book reassesses classic Marxist theories of finance capital and uneven development in the context of the present intensified process of financialization and the accentuation of combined and accelerating uneven development. In particular, the work of Hilferding and Luxemburg is discussed and re-framed in light of both the contributions of Marx and more recent engagements by David Harvey and Neil Smith. The book explores the case of South Africa in particular in light of the combination of a rapidly financializing yet crisis-ridden South African political economy on the one hand and intensifying social inequality and political conflict on the other. It explores a series of strategies and possibilities that might open up trajectories for change and transformation with particular attention paid to the promises and constraints of the de-growth movement and intersectional class struggle, which will appeal to political economists, researchers, and students alongside those studying South Africa specifically.


  • Uneven development
  • financialisation
  • capitalist crisis
  • crisis displacement
  • South Africa
  • Resistance
  • capital accumulation

Authors and Affiliations

  • Department of Sociology, University of Johannesburg, Cape Town, South Africa

    Patrick Bond

About the author

Patrick Bond is a political economist and professor at the University of Johannesburg, South Africa. He spent more than two decades teaching at the Wits University School of Governance in Johannesburg and the University of KwaZulu-Natal Centre for Civil Society in Durban. During the late 1980s he pursued doctoral studies in economic geography at Johns Hopkins University, while learning politics in the anti-apartheid, labour, student and community movements. In 1994 and 1996, he worked in the Reconstruction and Development Ministry in President Nelson Mandela’s office, drafting the democratic government’s first White Paper and a dozen other major policy documents. He appears more than 100 times a year on South African and international broadcast media, and usually gives more than 50 guest lectures annually.

Bibliographic Information

  • Book Title: Extreme Uneven Development

  • Book Subtitle: Financial Volatility, Deep Capitalist Crisis and Super-Exploitation in South Africa and the World

  • Authors: Patrick Bond

  • Series Title: Palgrave Insights into Apocalypse Economics

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024

  • Hardcover ISBN: 978-3-031-13454-8Due: 11 January 2025

  • Softcover ISBN: 978-3-031-13457-9Due: 11 January 2025

  • eBook ISBN: 978-3-031-13455-5Due: 11 January 2025

  • Series ISSN: 2523-8108

  • Series E-ISSN: 2523-8116

  • Edition Number: 1

  • Number of Illustrations: 35 b/w illustrations

Publish with us