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La longue durée
Link: http://morrisberman.blogspot.com/2011/12/la-longue-duree.html
La longue durée is an expression used by the Annales School of French historians to indicate an approach that gives priority to long-term historical structures over short-term events... The “arc” of capitalism, according to WSA, is about 600 years long, from 1500 to 2100. It is our particular (mis)fortune to be living through the beginning of the end, the disintegration of capitalism as a world system. It was mostly commercial capital in the sixteenth century, evolving into industrial capital in the eighteenth and nineteenth centuries, and then moving on to financial capital—money created by money itself, and by speculation in currency—in the twentieth and twenty-first. In dialectical fashion, it will be the very success of the system that eventually does it in.
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