Motion and Vulnerability in Contemporary Capitalism: The Shift to Turnover Time

Historical Materialism 30 (3):47-78 (2022)
  Copy   BIBTEX

Abstract

In Marx’s analysis of capitalism, time and motion are central to the dynamics of the system. In the twenty-first century, capital deployed new forms of technology and logistical planning to increase profits and reduce the circulation phase of the turnover time of capital. The introduction of fibre optic cable, data centres, the transformation of the warehouse into a site of movement, the rise of third-party logistics (3PL) firms, and improvements in infrastructure all promoted ‘the annihilation of space by time’ in the effort to increase profitability. As increased velocity of value became central to capital, the system in turn became more vulnerable to disruption by labour.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 91,440

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Capitalism and Metaphysics.Scott Lash - 2007 - Theory, Culture and Society 24 (5):1-26.
Contemporary Technology Discourse and the Legitimation of Capitalism.Eran Fisher - 2010 - European Journal of Social Theory 13 (2):229-252.
Time Denied: Late Stage Capitalism and its Temporal Effects.Francisco Valdez - 2019 - The Gettysburg College Philosophy and Film: Andquot;The Art of Modern Time: Film and the Representation of Temporality 1.
The ‘General Intellect’ in the Grundrisse and Beyond.Tony Smith - 2013 - Historical Materialism 21 (4):235-255.
Adam Smith and the ethics of contemporary capitalism.G. R. Bassiry & Marc Jones - 1993 - Journal of Business Ethics 12 (8):621 - 627.
Samuel Alexander on Motion.Michael Rush - 2021 - In A. R. J. Fisher (ed.), Marking the Centenary of Samuel Alexander’s Space, Time and Deity. Basingstoke: Palgrave Macmillan. pp. 129-148.
Deleuzian capitalism.Frédéric Vandenberghe - 2008 - Philosophy and Social Criticism 34 (8):877-903.
What Have I Learned from Marx and What Still Stands?Adam Przeworski - 2021 - Politics and Society 49 (4):433-450.

Analytics

Added to PP
2022-07-13

Downloads
49 (#319,158)

6 months
13 (#185,383)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Kim Moody
University of Notre Dame Australia

Citations of this work

No citations found.

Add more citations

References found in this work

High Tech, Low Growth: Robots and the Future of Work.Kim Moody - 2018 - Historical Materialism 26 (4):3-34.
Marx’s Economic Manuscript of 1867–68.Karl Marx - 2019 - Historical Materialism 27 (4):162-192.
Understanding "Capital": Marx's Economic Theory.Duncan K. Foley - 1988 - Science and Society 52 (1):124-126.

Add more references