Accelerationism

Land (2011) has brought forward the notion of accelerationism: Rather than halting the onslaught of capital (such as by defending a welfare state or defending the right to work), accelerationism is a philosophical and political strategy that strives to exacerbate its processes to bring forth its inner contradictions and thereby hasten its destruction, […]

The new accelerationisms instead concentrate primarily on constructing a conceptual space in which we can once again ask what to do with the tendencies and machines identified by the analysis […]

Meanwhile, over the same half century, almost entirely unnoticed by the media or mainstream academia, accelerationism has gradually solidified from a fictional device into an actual intellectual movement: a new way of thinking about the contemporary world and its potential.

Accelerationism was the most fundamental transformation of the Phillips approach into an expectational format. It hypothesized that inflation will become increasingly rapid in any maintained situation in which unemployment lies below some critical, or “natural,” rate.

For the period through 1984, there is weak support for accelerationism, though the linear fit is mainly due to the disinflationary impact of high unemployment, which no one disputes, not the inflationary effects of prosperity.