Speculation in land may be necessary to capitalism, but speculative orgies periodically become a quagmire of destruction for capital itself.
David HarveyNeoliberalization has not been very effective in revitalizing global capital accumulation, but it has succeeded remarkably well in restoring, or in some instances (as in Russia and China) creating, the power of an economic elite. The theoretical utopianism of neoliberal argument has, I conclude, primarily worked as a system of justification and legitimation for whatever needed to be done to achieve this goal.
David HarveyMonetary relations have penetrated into every nook and cranny of the world and into almost every aspect of social, even private life.
David Harvey