Unlike traditional forms of capitalist crises,contemporary capitalist crises exhibit systemic characteristics interwoven across multiple fields.These include not only a crisis of the entire econom-ic system but also crises emerging within the capitalist social system,leading to political and social unrest.In response to the new changes in contemporary capitalist crises,David Harvey argues that economic issues remain the root cause of the systemic crisis of contemporary capitalism.The move-ments of financial capital have failed to resolve the fundamental contradictions of capitalism and,in-stead,have sown the seeds for new crises.Regarding how the crisis of capitalism transitions from the economic sphere to other social domains,Harvey posits that the capitalist system,unable to re-solve economic crises,resorts to"accumulation by dispossession"to encroach upon the public spaces vital for ordinary people's survival.This leads to a sense of alienation,which triggers popular resis-tance and,consequently,the spread of crisis from the economic domain to other social sectors.While Harvey's interpretation of the systemic crisis of contemporary capitalism possesses a strong hu-manistic tone,leading to the inevitable idealism of his proposed social reform solutions,his insights into the nature of contemporary capitalist crises offer valuable theoretical guidance for China's efforts to prevent and mitigate systemic risks.
David HarveyContemporary CapitalismAccumulation by DispossessionSystemic Cri-sisSystemic Risk