accelerationisms

Noun

accelerationism (countable and uncountable, plural accelerationisms)

1. The idea that either the prevailing system of capitalism, or certain technosocial processes that historically characterised it, should be expanded and accelerated in order to generate radical social change.
   • 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...2013, Jonas Andersson Schwarz, Online File Sharing: Innovations in Media Consumption, Routledge, →ISBN, page 20
2. The theory that excessively low unemployment accelerates inflation.
   • 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.1975, Arthur Melvin Okun, “Inflation: Its Mechanics and Welfare Costs”, in Brookings Papers on Economic Activity, volume 6, number 2