ABSTRACT

Capital generates crises within itself, from time to time. With each crisis, given arrangement of technology and finance, inside closed system, are attacked. It implodes, causing capital’s route to change toward new foci of production and circulation, often through geographical leap. Flexible accumulation separates and disperses many aspects of production and circulation, making spatial arrangement not just susceptible to capital’s changing routes but also making movement of capital responsive to spatial changes in geographically removed zones. As the ‘economy’ and its changing wherewithal gives them a domain to pursue power and money, they embrace a kind of raw logic of capital – one that is running nakedly along expansion of free markets around the globe, only somewhat configured by imperial policy. The historically accruing familiarity among Howrah publics to logics of obsolescence, that go with riding the ebbs and flows of waves of capital, can be gathered from texts portraying the earlier rendition of exhilaration and energy of capital.