# The Long Twentieth Century



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## Introduction

-   The [[Fordist]]-[[Keynesianist]] accumulation policy of the post war era lacked, according to [[David Harvey]], flexibility
-   [[Capital]] tends to revert to its more flexible forms of investment, i.e. [[money capital]]
-   Capitalism tends to reach a certain point of development of [[finance capital]] repeatedly
    
    > [Every] capitalist development of this order seems, by reaching the stage of financial expansion, to have in some sense announced its maturity: it [is] a sign of autumn. &#x2014; Braudel 1984: 246, as quoted by the author
-   [[M-C-M exchange]] process can be seen as emblematic of capitalist development in general, with periods of capital accumulation (M-C) and periods of financial rebirth and expansion (C-M&rsquo;)
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## Backlinks

-   [[Marx&rsquo;s Ecology | Cosmopod]]