A Brief History of Neoliberalism by David Harvey 3/5

[sfjeff1089]

There are some great arguments here, but he is kind of out there on his discussion of capital accumulation. In fact, capital accumulation is actually one of the great lies inherent in the Hayek Mises Friedman framework. I can only imagine that Capital here is defined circularly here as "that from which economic production springs", so by placing and emphasis on capital accumulation, he has already agreed to kick off to the neoliberals from his own end-zone.

[bapyou]

@TheRedPerspective1 Since I wrote that comment, I did get it together & buy a copy of Harvey's book. It's essential reading, I think, for understanding the past 40 years or so of American economic history.

And, although I live paycheck to paycheck, I own my fair share of "left-wing" books which keep me busy and well-informed.

My advice: Kill your TV. I did, many years ago. You gain a different perspective from reading vs TV watching.

[dharmaatdawn]

Pragmatic Neo Liberalism for Elites--- use Federal government as much as possible when its the means to the goal, bail out by the people when u fail, buy everything thats public, stop paying taxes at all costs.

Neo Liber for everyone else -- stop taking "hand out from FED', cut Medicare, Medicaid, privatize SS, be responsible for u own life, free markets.

[devourerofbabies]

Neoliberalism ISN'T SUPPOSED to be good for economies.  It's meant to loot economies.

[bapyou]

God, this is a great talk. Wish I could afford the book.

[68generation]

This is great, I love Harvey,!

[Marly61]

Wow, David prophized the US property market crash. Not bad.

[mthomas1776]

That wasn't hard, people were predicting that since the loose money of 2001 started.

[Marly61]

you didn't understand as you qouted since 2001. I believe if you listened he was talking way before it even started based on essential characteristics.

[RobSSBB]

@Marly61 The current economic crisis is the equivalent of the "embedded capitalism" crisis of the 70's, but with Neo liberalism, it is much more dangerous thanks to deregulation.

It will be interesting to see in the future, about 20 years or so how this is looked back upon, I can see Adam Curtis doing something on this crisis in the near future! His stuff really helps compliment Harvey's points and adds to them.

[Marly61]

@RobSSBB Thanks for you help. I have been learning that the institutionalized maxim of "maximizing short term profits" , as reflected in corporate charters and by-laws, under Pragmatic Neoliberalism is driving the deregulation you are referring to and that the G-20 budgetary targets could result in a downward spiral as you losely refer to. I recently listened to the Chief of The Bank of England, Simon Johnson and George Soros who had interesting things to say on all this also.

[BillBillard]

is this intellectual disney world? d. harvey is a dude, but like crass bewailed vis. "punk is dead"...does the "system" steal the sting?

[Marly61]

Intellectual Disney Land was part of his point.  The Neoliberalists were avoiding the reality.

[nickglais]

Theory and Practice - Pragmatic Neo Liberalism interesting ! not good at capital accumulation ! Stigliz . New York the pioneer of pragnatic Neo Liberalism