The essay discusses Marx’s analysis of ‘‘so-called primitive accumulation’’ starting from the idea that contemporary global capitalism is characterized by new enclosures and by a set of other processes long considered characteristic of the historical transition to capitalism. A reflection on this temporal short circuit leads the author to an investigation of some of the peculiarities and difficulties of Marx’s method as, for instance, the relationship between the historical and the logical order of exposition. Reading the temporal structures of capitalism against the backdrop of Marx’s analysis of primitive accumulation suggests an emphasis on temporal heterogeneity, on the intertwining of continuity and rupture, of progress and catastrophe...