The Enigma Of Capital - Part 3 - Professor David Harvey - London School of Economics

For three centuries the capitalist system has shaped western society and conditioned the lives of its people. Capitalism is cyclical and increasingly bankrupt. Boom-and-bust is its model. Laying bare the follies of the international financial system, eminent academic David Harvey looks at the nature of capitalism and why it's time to call a halt to its unbridled excesses.

He examines the vast flows of money that surge round the world in daily volumes well in excess of the sum of all its economies. He looks at the cycles of boom and bust in the world's housing and stock markets and shows that periodic episodes of meltdown are not only inevitable in the capitalist system but essential to its survival.

The essence of capitalism is its amorality and lawlessness and to talk of a regulated, ethical capitalism is to make a fundamental error. The Enigma of Capital considers how crises of the current sort can best be contained within the constraints of capitalism, and makes the case for a social order that would allow us to live within a system that really could be responsible, just, and humane.

David Harvey is Distinguished Professor of Anthropology at the City University of New York Graduate School and former Professor of Geography at Johns Hopkins and Oxford Universities. The author of numerous books, he was awarded the Patron's Medal of the Royal Geographical Society in 1995 and elected to the American Academy of Arts and Sciences in 2007. He is the world's most cited academic geographer and his course on Marx's Capital has been downloaded by well over 250,000 people since mid-2008: http://davidharvey.org/|

This event celebrates Professor Harvey's new book The Enigma of Capital|.

Category:

Nonprofits & Activism

Tags:

• The
• Enigma
• Of
• Capital
• Part
• Professor
• David
• Harvey
• London
• School
• of
• Economics
• economic
• humor
• home video
• arabic
• discussion
• commentary
• religion
• spirituality
• talking
• interview

[darkprose]

This point about surplus product and the saturation of markets upon markets is a very, very interesting deadlock of capitalism. For those who want a much more in-depth discussion of Harvey's perspective and economy, I would strongly recommend his "Reading Marx's Capital," which is an intense, 13-week course, completely online at his website. Essential for anyone interested in understanding our current situation.

[busybuzzbuzz]

Offshoring is certainly not done to offer lower prices to customers. How could profits go done because of it despite increased competition?

Eagletalon1970: Are you watching the same video as me?

[EagleTalon1970]

invest in other country's that are moving up,like India for example.Get your growth,&move on to the next country,in a decade you should gain 300%,enough to spread your money to less foutunate countrys and make a bigger investment in their needs.profit woluld tripple at half the cost.In doing so,you would create a need for your services world wide.Only good for all mankind is the end result.