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1、RevisitingtheUrbanizationofCapitalBrettChristophersDepartmentofSocialandEconomicGeography,UppsalaUniversityInarecentinterview,DavidHarveyreferredtotheinitialstagesoftheongoingglobaleconomiccrisisasa“financialcrisisofurbanization.”ThisarticleexploresandsubstantiatesHarvey’sargumentbyreturningtothe
2、thesisofcapitalswitchingthatHarvey,followingHenriLefebvre,initiallyexpoundedinthe1970sand1980s.Thenubofthisargumentwasthatascapitalistproductionedgestowardperiodiccrisesofoveraccumulation,capital“switches”fromproductionperseintoproductionoftheurbanbuiltenvironmentasameanstoabsorbsurpluscapitalan
3、dhenceavert—ifonlytemporarily—crisis.AlthoughHarvey’sthesishasprovenextremelyinfluentialamongpoliticaleconomists,urbantheorists,andgeographersofvariousstripes,previousattemptstobuttressitwithempiricalevidencehavefailedtounearthanydemonstrableswitchingdynamicofthekindHarveytheorizes.Thisarticleana
4、lyzesdatafortheyearsleadingupto2007andtheunfoldingofthecurrenteconomiccrisis.FocusingprimarilyontheUnitedKingdom,itpresentstwoseparateanalysesthatsuggestaclearpatternofcapitalswitchingintothebuiltenvironmentsincetheturnofthemillennium:first,aswitchingofoverallprivate-sectorexpendituresand,second,
5、aswitchingofpensionfundinvestment.Together,theanalysesplaceurbanization,followingHarvey,attheheartofcontemporaryeconomiccrisis.KeyWords:accumulation,capitalswitching,economiccrisis,urbanization.Enunaentrevistareciente,DavidHarveyserefirioalasestapasinicialesdelaactualcrisisecon´omicaglobal´comoun
6、“crisisfinancieradelaurbanizacion.”Esteart´´ıculoexplorayverificaelargumentodeHarveyretornandoalatesisdelasustituciondelcapitalqueaqu´el,siguiendoaHenriLefebvre,hab´´ıaexpuestoinicialmenteenlasdecadasdelos1970y1980.Elmeollodeeseargumentoeraqueamedidaquelaproducci´oncapitalistaseaproxima´asuscrisis
7、periodicasdesobreacumulaci´on,elcapital“salta”delaproducci´on´persealaproducciondelentorno´urbanoconstruidocomounmecanismoparaabsorberlosexcedentesdecapitalyas´ıconjurar—aunquesolotemporalmente—lacrisis.AunquelatesisdeHarvey
