The increasingly flexible strategies that corporations use to accumulate profits in an era of globalization, enabled by innovative communication and transportation technologies, are called time-space compression.
Time-space compression, also known also space-time decompression and time-space distanciation, is a Marxist idea that describes how the rise of capitalism has changed space-properties time's and the link between space and time. It is predicated on Karl Marx's assertion in the Grundrisse that "vacuum is demolished by time."
Time-space compression is exemplified by technological advancements like rail, cars, trains, and aircraft that blur or compress spatial and temporal distances. The globalization of finance is the driving force behind these developments. These innovations were created to get over physical limitations, expand the market, shorten manufacturing cycles, and speed up the transfer of money.
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