China, India, and Global Capitalism | The New School

[warriorprince1010]

Capitlaism is the right to private ownership. Capitlaism has no responsibility other than that. Government deregulation and corruption are the problems.

[warriorprince1010]

This nutjob Harvey's policies have been taken up by most of Southern Europe. The result...Poverty for the people, greed for the state, massive unemployment.

[filestreet]

like what policies

[SunBeamsan]

@NeoGracchus What, are you implying that an economy can't exist without corporatism and statism? Look here, correlation is NOT causation. No modern industrialized country is free of corporatism corruptions and coercion, but to imply that for society to exist in a decent living standard, it is required to have these privileges which only a political and financial elite wield is absurd.

[Scientisticsoviet]

@SunBeamsan The problem is that generally countries that adopt some sort of industrial policy and state direction generally develop much faster than those which do not.

For instance, growth collapsed in Latin America and Africa up until the mid 2000s, precisely as the msot extreme forms of liberalization were imposed (ie. privatization, deregulation, cutting of tariffs & subsides, as well as cutting public investment).

[felipegomes25]

Development without growth... 1:01

[SunBeamsan]

Free-market is fundamentally opposed to state intervention of ANY kind, and that includes privileged and subsidies. We're living in the opposite type of Capitalism, "Corporatism", also known as State Fascism, the merger between state and corporate powers. Don't be be a bunch ignorant people and bunch the two together.

[EmilReiko]

@SunBeamsan The utopian free market capitalism has never existed, and will never existed. It can never e realised within the systemic structures and internal logic of the capitalist system..

The whole freemarketism is an ideological construct originally designed to persuade developing countries to underdevelop and specialize in supplying raw materials to the capitalist core countries.

[SunBeamsan]

@SunBeamsan Utopian free-market? That's funny, Capitalism isn't about Utopia, unlike the dated economic dogmas Socialism and central planning. If you look at the historical facts, those countries which have embraced a "market" policy have advanced by leaps and bounds compared to the more backwards centrally planned command economies. Look at China,10 years ago no one expected it to become the economic and financial power house it is today with some f the most rapidly increasing living standards.

[Scientisticsoviet]

@SunBeamsan You fail to mention the large public investment in iunfrastructure, as well as 20% if not more of GDP being dominated by large state owned enterprises (And another 25% the government itself).

And 10 years ago it was still well known that Chinese growth was outstanding. It has been since 1950, albeit with much less fluctuation since about 1975 (When investment in better flood control coupled with the abandonment of the disaster of small scale smelting came into effect).

[SunBeamsan]

@Scientisticsoviet China adopted Market policies since the late 70's toward the end of the Maoisy Era of "scientific central planning" which lead to the deaths of tens of millions of Chinese peasant farmers. Under the market reforms of Chairman Deng Xioping, China moved towards privatization of farm land back to the peasants, known as "Socialism with Chinese Characteristics". Since the Chinese Economic reforms and a turn to market policies, China became who it is today.

[platinum014]

*sigh* why are people so stupid? Global laissez-faire capitalism with limited government is the only moral way. every economic downfall thats ever happened in a capitalist society has been because of government interference.

[blueiguy1]

@platinum014 Now when you say "limited" how limited are you talking about,tax incentives, government contracts, privatization of schools,water,healthcare. I like capitalism just as much as the next person but it is not the end all of societies for example the IMF, World Bank, and structural adjustment programs devastation developing countries buy introducing "capitalistic" policies which sometimes didn't work. It really depends on the case. 

[platinum014]

@blueiguy1 very limited! everything should be privatized. the only role a government should ever have his to protect an individual from another and to protect an individuals rights. taxes should be used only for funding a necessary police force and military thats it! schools, healthcare, roads water. etc. should always be under a private contract.

[blueiguy1]

@platinum014 Why the police and Army? what makes them different. But to your larger point the idea of a society could not grow based solely on privatization, I prefer a mixed economy Were the government handles the basic wellness such as healthcare ,schools,etc and the private industry could flourish.Water for example is subsided heavily by the government otherwise people would go thirsty . In fact if It wasn't for the Homestead act many people would not have land today.

[platinum014]

@blueiguy1 why do think people would go thirsty? millions of people willing to pay to have water pumped to there home. there would be hundreds companies stepping up to take over the water business over night. if everyone got water from a privately owned company it would be drastically cheaper also (not saying the price of water is to high right now). homested act. it was just land that nobody was using so the goverment gave it to the people. whats that got to do with anything.

[blueiguy1]

@platinum014 Ha! you trust corporations way to much, Search "Bolivia and water" and a host of other things were privatization was put into place it caused riots in the streets.A private entity operates on producing as much profit as necessary its the law. As for the homestead act the "unassigned" land was from the Indians, at which they gave thousands of people land create a farming base which was great to producing wealth. It was the definition of big government.

[platinum014]

@blueiguy1 bolivia is a whole different ballgame. totally different government structure and rules. I'm talking about a capitalist system not a unitary republic. what are u trying to justify with the homestead act. lol it's just land that was left over from the indians and the government gave it to the people to use (naturally). which is irrelevant t to the conversation and the term " big government".

[blueiguy1]

@platinum014 That still doesn't answer ,Ukraine,Argentina,Tanzania and a host of other IMF and world bank countries. Not to mention it is America's companies in these countries dictating public goods. Could you imagine china in charge of our water or any other country? And what I mean by Big government is that the government has to answer to the people ,Companies don't and that's the problem

[platinum014]

@blueiguy1 all these countries are not laissez-faire capitalist countries so your comparing oranges to apples. and yes china managing water would be bad but china is a communist country. companies would answer to the people if the government didn't. once again government interference causing problems.

[ajames95]

OK,..who sat the coughing person next to the microphone?

[warriorprince1010]

Socialism.......state slavery, poverty for the masses, wealth for the governing few, massive state power, hopelessness for people, unemployment, not choice, genocide.

[doctorkozma]

And of course as the rich accumulate an increasing percentage of the worlds wealth we (the middle class and poor) will be forced to pay the bills for their protection and security while our wealth dececreases. And of course my only response is: "KILL THE RICH"

[markwessex]

@doctorkozma - Makes sense!

[truevoice08]

@doctorkozma The super rich LOVE class warfare. Those who want to 'soak the rich' are just useful idiots who perpetuate the status quo. Of course, Prof. Harvey, a respected intellectual teaching in a respected tax funded institution, is part of the status quo he decries and is the exemplar of the useful idiot. Fear, hate and envy are not good emotions to run on (and so is economic ignorance. But that's exactly what Prof. Harvey and his ilk are nurturing in college campuses.

[arzoyan]

Capitalism is the Monetary bondage of immense humanity in a politically manipulated,armed,tyrannical MARKET MECHANISM of alienation,exploitation and suffering. The Business as usual is the negation of our common humanity in cooperation and harmony to take care of our real needs and well being. Capitalism dominated by Corporate criminals or State dictators is the abstract process of Capital accumulation and concentration. Profit system is historically outdated ,destructive and dehumansing.

[truevoice08]

@arzoyan Wow. That was a mouthful. But cheap emotional appeals and sweeping generalizations do not substitute for arguments. Read some von Mises and get on with your life.

[arzoyan]

@truevoice08 Von Misses was an apologist for wage slavery and Market Mechanism of anarchy for ruling class domination and dehumanisation, get a life rather parroting after your owners.

[truevoice08]

@arzoyan LOL you just continue on your childish prattle. FYI, most of the libertarians I personally know were former leftists (a good number of them Marxists). I haven't heard of any libertarian converted to Marxism though. ;)

[arzoyan]

@truevoice08 Marx was not a Marxist,

[warriorprince1010]

@arzoyan Capitalsim is only bad if the government doe snot regulate it and does not offer equal access to it. Statism... [communism, socialism, state planned economy]...Is mainly greed of the state and a byword for corruption and state slavery. Much worse than capitlaism. Switzerland have a good regulated free market with good education for all so equal access. It works for them.

[warwize]

@arzoyan

profit is motivation, the strong and lucky will dominate the weak and unlucky, that is how nature works, no matter what system you make, be it communistic or capitalistic, there will always be an elite group of experts that dominate the masses. The answer isn't to take away the motivation, but to have rules that balance the system and make it fair and non-violent...

[brendanmcooney]

Thanks for posting. Ditto the previous comment about sound. Though the best thing to do is to make sure your original micing of the sound is good quality, one can also boost volume with any video editing program. This would help this video a lot.

[1qewretry]

the sound quality on this could be better, but cheers for putting this up.