Spatial and Temporal Capital

As the rate of return on capital increases at a faster rate than income, inequality increases.

This leads to centralisation of wealth and comparative diminution in the financial power of the consumer.

We are seeing this take place today, as small businesses are ripped off the high-street by multi-national corporations.

As these corporations expand, they are seeking places to expand their capital beyond the immediate vicinity of their traditional consumer base.

It is noticeable that as this happens we are seeing an increase in the use of spatial and temporal capital.

Spatial capital being the exploitation of new geographical locations, previously untapped by the invisible hand. (most notably with Chinese and Western enterprise into Africa).

We are also seeing this with temporal capital. Capital that guarantees a return by utilising future consumerism. I.e, debt. As a student I am weighed down by consistent reminders of my obligation to future remittance.

At what point does capital run out of space to expand?

 

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