2/2 - David Harvey on capitalist crisis - Democracy Now! - 2009-04-02

Interview by Amy Goodman.

http://www.democracynow.org/shows/2009/4/2

Category:

News & Politics

Tags:

• David Harvey
• Amy Goodman
• Democracy Now
• capitalism
• economics
• crisis
• MarxFTW

[WITNESSMINISTRIES]

(Part 1 of 4) What the economic banking and big money wall street powers that be are doing and have been doing all along is buying up the world with OUR own money and handing us all the losses and devaluation and enslaving the masses! It is the same greedy economic shell game that has always been in one form or another it is nothing new!

[WITNESSMINISTRIES]

(Part 2) It is just obvious now to the once ignorant masses and can NOT be hidden any longer! The economic powers that be are creating a need for a one world economic, banking and government NWO to centralize there control world wide and will allow everything to deteriorate until all peoples and country's will agree there is no other way out by purposely offering NO other alternative.

[WITNESSMINISTRIES]

(Part 3) The economic powers that be are causing this world wide economic demise purposely to centralize economic and governmental control of the whole world! People NO longer care about anyone or anything else but themselves and there own comfort and are divided against one another and have been now for a long time and the mold is set!

[WITNESSMINISTRIES]

(Part 4) The world banking powers are dividing and conquering and have been all along! They know the people as a whole will take the path of least resistance that they have been bread and lead to except! People want to divide from each other be rich and NOT have to care about anyone or anything but themselves! United we stand as a people or DIVIDED we beg! Get ready to start begging! When will men stop following wolves in sheep's clothing and trying to be like them!

[YellowSkunk]

The organization he mentions is Right of the City, I guess youtube no longer allows one to post links in the comments?!? Their website is rightofthecity 'dot' org.

[weavermama]

.... If you think we should place the burden on the fannie, freddie, citigroup, aig, gm, etc. then I would have to agree with you completely. This could have been easily achieved by LETTING THEM FAIL!! And now you understand the argument expounded by the Austrian Free Market Economists before during and after this crisis.

[weavermama]

.... engaged in malinvestment or predatory lending would actually be rewarded and sub prime borrowers who acted foolishly would be entirely absolved of any responsibility. Since there is no such thing as a free lunch, who would harvey have pay for this? Surely he wouldn't advocate placing the burden on other poor people who did not take on reckless amounts of debt. In turn, should we punish the solvent institutions who are fiscally sound and thereby throw good money after bad? .................

[weavermama]

The bailout of private industry either through direct taxation, expansion of the monetary base( counterfeiting), or increase in the national debt is immoral. Note Harvey is advocating bailing out people instead of banks while admitting that this would consequently wipe the toxic assets off the books of the banks. Problem solved, right? Conveniently, Harvey seems to forget about the problem of moral hazard of which he spoke unfavorably earlier. Under his solution Wall street gamblers who.......