Abstract
This chapter unpacks the key dynamics of capital (dispossession, class divisions, alienation, the appropriation of surplus value and the quest for endless accumulation) so as to better contextualise the study of movements. The state plays a crucial role in stabilising capital’s contradictory tendencies. This brings us to concrete considerations of the financial crisis of 2008, the causes of which are traced from the crisis of Keynesianism, through financialisation, towards a rentier form of capital grounded in the proliferation of debt. The recent financial crisis illustrates the important role states play in stabilising capitalism and underscores the “crisis of democracy,” insofar as the mass of people were subjected to austerity while the elite were “bailed out.” The financial crisis fuelled the rise of the Occupy movement.
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Taylor, D. (2017). The Dynamics of Capital. In: Social Movements and Democracy in the 21st Century . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-39684-2_4
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