Crisis Theory- an outline 1 of 2

This video provides a general outline of the theory of capitalist crisis. It presents topics which will be elaborated upon in future videos.

full text can be read at:
http://kapitalism101.wordpress.com/crisis-theory-an-outline/

Category:

Education

Tags:

• capitalism
• crisis
• David
• depression
• falling
• Harvey
• karl
• marx
• of
• overaccumulation
• profit
• rate
• recession
• sub-prime
• financial
• crash
• stock

[gunman806]

Does the relationship between a distributor and a producer differ fundamentally from the relationship between a capitalist and a labourer? I'll further elaborate if you require an example of what I mean.

[brendanmcooney]

By distributor and producer you mean a productive capitalist and a merchant capitalist?

Yes this is different than the labor-capital relation which is an exploitative one. Retail "mark ups" are seen as part of the cost-price of production- that is, getting commodities to market is part of the cost of production. But there is no profit made from merely transferring the commodity from one capitalist to the next. The profit can only come from labor in the production process.

[Pentosfilms]

The real culprit responsible for the slavery which is debt and which is created by capitalism, is media and advertising. Without artificially creating a demand, our consumer society would simply revert to its original balanced subsistence mode. Advertisers spend so much money on commercials because it works! When you add in government sponsored manipulation (fear the terrorist, fear the diseases, etc) you have the other major factor in social engineering that drives a capitalist market.

[brendanmcooney]

Please check out my new video: Consume, regarding the idea that consumption drives the economy. This video argues that capitalist societies are organized around the search for profit and that while there is a struggle to realize the value created in production through consumption, consumption is not the driving force...

[Badwolf182]

BTW - Fantastic Vid

[Badwolf182]

capitalism is unstable bcoz it is unnatural.

We r ALL born of this earth and we should enjoy the fruits of the earth for FREE. I know I am dreaming

[Joe11Blue]

@brendanmcooney How is the Capital Labor relationship exploitive if the laborer receives payment for the services he has to offer? If he is not receiving sufficient wages he can seek employment else where?

Also, how is that the Laborer that moves these good's from one market to another not generating profit from his services?

[yakooza]

Who said its unnatural?

It is in the sense that it isn't as clear as rain. In other words, its not something that nature itself has bred.

As of the black markets? They arose in the USSR for instance because the economy collapsed and the government was unable to provide goods.

[dinomand]

Take a look at the definition of socialism, you will find that non of the socialist states in history, China, Soviet union, North Korea, DDR and all the others, are or were by no meas remotely like the systems first envisioned. If you look around the world today you will find that the systems that comes closest, is the scandinavian wellfare models, and all of them are on the top 20 countries with the least curruption and black markeds.

Canada are closer to being socialist then China ever were.

[tristanXIV]

dude, black markets exist everywhere.

[guerrillamaab]

Also, the avg value of an hour of labor in U.S. is $150, meanwhile the avg pay for that same hour: $15!!

[velation]

Temporal distortions?! Scan for temporal anomalies!

[AcePilot101]

Capitalism is "unnatural"? Then why does every socialist society have a black market?

[kaufmann789]

I´m sorry. I wrote to early!-)

[kaufmann789]

Great Vid. But I would not say, that capitalism is demand-driven. It is profit driven. Most of the time demand is unknown. And the supply side is bigger than the demand side (market saturation, overproduction) some times. E.G. at the moment in the automotive market. Of course as we learnd from you the demand (wishes) may be higher than supply in reality but only demand which can be payed by money counts. And since the profit motive (capital accumulation) makes it impossible for workers to buy ca

[juliesgang]

i believe they would call what were in is the depression history is repeating itself

[YHVH72]

Quote, "Capitalist don't pay for the full value of the labor that goes into making these commodities"...that is correct. That is how profit is made. So in essence, the worker is trading his labor at it's WHOLESALE value. His paycheck does not represent any capital gain or profit at all. That fact is at the heart of why the FEDERAL INCOME TAX is immoral and illegal. It is a tax on our "wholesale labor" and not any profits or gains. And it is an unconstitutional 'head tax' to boot.

[nbm34]

An amazing explanation of the purpose of Capitalism. Your vids are extremely important. The presentations are in the right manner, with the formats you use,that enhances your analysis.

I am amazed by the erudition you display in all your vids. Please keep up this important work to educate us all. Thank you for your time and efforts in the construction of these

vids. My best wishes to you.

[nomadicjazz]

wow!

[aceroz28]

consequently, the value of the shares in that company are reduced, impacting on the minds of shareholders who prefer to sell their papers trying to avoid losses higher, which puts pressure on other sectors in that situation if that recognize a danger generates a stampede that led to widespread falls in stock exchanges to what is known as "effects". We remind the "tequila effect" that began in the stock market in Mexico but whose repercussions affecting all bags.

[aceroz28]

But sometimes, increasingly frequent, coinciding with the cyclical crises under Marxist theory, rates are reduced. Some large company failed to comply with its plan, profitability declined, "the market is upset" and,

[aceroz28]

confirms the theory of Lenin when stock exchanges are facing big and small with the almost certainty that large absorb the weakest it or lose or give up and delivered.

[aceroz28]

Beyond technical explanations, stock exchanges are spaces where the wildness and ecstasy for the money reaches its climax. This is where the tycoons threatening the planet and its resources in a speculative game, becoming more like the lottery, try to win and amass fortunes from the more they have. Imperialism, present stage of capitalism,

[seigneurvoland666]

thanks brendan!