Thanks for another great video, D@W and Prof. Harvey. P.S. I loved your book, "17 Contradictions of Capitalism" especially the chapter on the fakeness of giant charity organizations.
thx Dr. H ... as always - insightful/enlightening ! wonder how U-would apply this social model to a planned economy ? like China maybe - your colours here look very red (sweater) white (hair/beard) and blue (shirt) ...with respect....
It's really interesting to mess with this "motion." Capitalists hate it so much. Try letting your capital remain in stillness sometime. Credit Unions, Banks.. they will come after you. They don't want that stillness in the capital.
I can see why economic needs a method to its investigation and, even more so, it needs a theory of presentation of what it investigated. There are so many economic categories that without some kind of method all kinds of theories emerge. Where do you begin to investigate a system of economics so that the interaction between human beings and things in the world of nature make sense flowing from their simpler forms? Do all the varieties of economic categories have a common ancestor in some earlier social formation, for example, where does money in its simplest form come from and what activity serves as the origins and the start of a complex international banking system?
@@loganlowe3731 There are several publication editions of that book. The original Meisner publication (worth a lot of money), Kerr Edition, International Publishers, Moscow, Penguin,---making it impossible to direct readers to the subject matter without a specific reference to the publication, page and volume.
Hi David, can you add the stock market and other financial markets into your chart? I understand financial markets sits outside of production but money does leak out from production into financial markets and therefore creates additional risk for the real economy. Thanks!
I don't get the title, "Anti-Capitalist." Harvey's diagram seems exquisitely appropriate for America. Any of the unbalanced scenarios he mentions can be solved by laws, taxes or both. The only problem with the American system is the greed and corruption of the elite. But, those unfortunate values exist in every system. Lobbyists get to politicians, but somehow the horse continues to gallop. There is no doubt, though, that money and power need better harnesses. We are doing pretty well, considering. And, we are always striding toward a more perfect union.
Take your liberalism an and shove it up your backside. Eat the rich. There is no elite under communism and much less so of such an thing under socialism as production is owned and directed directly by the workers.
@@ProleDaddy WTF? Watchu smkn? First, that is not a "liberal" comment. Second, you display an extreme level of naivete, if you think there are no special classes in communism and socialism. You sound like a student with nothing but book learning. Try to think for yourself. List some countries that might fit one of those systems. Cuba? Venezuela? Vietnam? China? There are more. You can't name a country where there isn't privilege at the top. Hell, you can't name one that isn't riddled with corruption. Your socialist utopia is non-existent, and has never existed. Please think before you fall on the keyboard. And, please don't reproduce.
@@jstpsgthru Communism is a CLASSLESS, MONEYLESS, system devoid of STATE and VERTICAL POWER STRUCTURE. AND I said LESS so under socialism. Get educated.
If you really think the US is "doing pretty well," then Marx's insights will most likely be lost on you, @Oblique Perspective. For anybody else, it might be useful to reflect on the history of Keynesianism in the US, and to think seriously about why it failed. Marxists, like Harvey, understand that a capitalist state is structurally incapable of policing itself, regardless of the legions of Liberal moderates who'd like us to believe that minor changes in regulation or taxation will solve all ills.
@@DJWESG1 I rather read Marx directly, way more accessible that that old white man sitting "on the other side of imperialism" as Vijay Prashad perfectly summarized.
There is no money, and no capital . Just social relations enforced at the barrel of a gun. We will print up or digitally enter trillions of dollars, issue bonds and stocks and build bombs and planes and ships and guns and force billions of people to do our bidding. Further, how about services? What do shopkeepers, medical professionals, janitors, food servers, accountants , lawyers, and ond on produce? Most people don't produce anything. Especially insurers and bankers.
@@kevinschmidt2210 what u know about relationship? The sad part is that u will continued to believed in the fuzzy numbers that dogmata capitalism always accept.
Download the graphic here! www.dropbox.com/s/qcd7k6so6v4jhss/capitalism-cycle.pdf?dl=0
Thanks I had taken a screenshot before ...but this is much clearer .
Is it possible to cite it - academically?
This is brilliant and should be required viewing for everyone suffering under the heel of end-stage capitalism.
I don’t know if we’re necessarily at end stage capitalism yet but we are actually close.
Pardon my ignorance. Why are we at the end stage?
Great start to 2023 by Prof Harvey .....especially with that chart 👌🏼
The analogy of the human body is on point
Nice free diagram. Keynes also had a good explanation of business cycles with his income-expenditure model.
Always great pleasure to share your insight!
Thanks David Harvey for his valuable knowledge
Thank you! I love Prof Harvey's Fireside Chats.
Thanks for another great video, D@W and Prof. Harvey.
P.S. I loved your book, "17 Contradictions of Capitalism" especially the chapter on the fakeness of giant charity organizations.
Thank you very much!
Appreciate the visuals as a visual learner.
thx Dr. H ... as always - insightful/enlightening ! wonder how U-would apply this social model to a planned economy ? like China maybe - your colours here look very red (sweater) white (hair/beard) and blue (shirt) ...with respect....
It's really interesting to mess with this "motion." Capitalists hate it so much. Try letting your capital remain in stillness sometime. Credit Unions, Banks.. they will come after you. They don't want that stillness in the capital.
good analysis and hope for the future
I can see why economic needs a method to its investigation and, even more so, it needs a theory of presentation of what it investigated.
There are so many economic categories that without some kind of method all kinds of theories emerge.
Where do you begin to investigate a system of economics so that the interaction between human beings and things in the world of nature make sense flowing from their simpler forms? Do all the varieties of economic categories have a common ancestor in some earlier social formation, for example, where does money in its simplest form come from and what activity serves as the origins and the start of a complex international banking system?
Marx actually goes over some of this subject matter quite a bit in Capital volume 1.
@@loganlowe3731 There are several publication editions of that book. The original Meisner publication (worth a lot of money), Kerr Edition, International Publishers, Moscow, Penguin,---making it impossible to direct readers to the subject matter without a specific reference to the publication, page and volume.
Hi David, can you add the stock market and other financial markets into your chart? I understand financial markets sits outside of production but money does leak out from production into financial markets and therefore creates additional risk for the real economy. Thanks!
It's right there under the headline "interest".
My bank robbed me!
"My" bank helped "my" employer rob me.
I actually copied the diagram years ago from a class Professor Harvey made (ua-cam.com/video/n5vu4MpYgUo/v-deo.html). Very helpful. Thank you.
0:01 what is this song
L'internationale.
Stop the begging and get on to the point please
I don't get the title, "Anti-Capitalist." Harvey's diagram seems exquisitely appropriate for America. Any of the unbalanced scenarios he mentions can be solved by laws, taxes or both. The only problem with the American system is the greed and corruption of the elite. But, those unfortunate values exist in every system. Lobbyists get to politicians, but somehow the horse continues to gallop. There is no doubt, though, that money and power need better harnesses. We are doing pretty well, considering. And, we are always striding toward a more perfect union.
Take your liberalism an and shove it up your backside. Eat the rich. There is no elite under communism and much less so of such an thing under socialism as production is owned and directed directly by the workers.
@@ProleDaddy WTF? Watchu smkn? First, that is not a "liberal" comment. Second, you display an extreme level of naivete, if you think there are no special classes in communism and socialism. You sound like a student with nothing but book learning. Try to think for yourself. List some countries that might fit one of those systems. Cuba? Venezuela? Vietnam? China? There are more. You can't name a country where there isn't privilege at the top. Hell, you can't name one that isn't riddled with corruption.
Your socialist utopia is non-existent, and has never existed. Please think before you fall on the keyboard. And, please don't reproduce.
@@jstpsgthru Communism is a CLASSLESS, MONEYLESS, system devoid of STATE and VERTICAL POWER STRUCTURE. AND I said LESS so under socialism. Get educated.
@@ProleDaddy Thank you for playing. You may now return to your sandbox.
If you really think the US is "doing pretty well," then Marx's insights will most likely be lost on you, @Oblique Perspective. For anybody else, it might be useful to reflect on the history of Keynesianism in the US, and to think seriously about why it failed. Marxists, like Harvey, understand that a capitalist state is structurally incapable of policing itself, regardless of the legions of Liberal moderates who'd like us to believe that minor changes in regulation or taxation will solve all ills.
I am glad I never had to take classes from D. Harvey. His way of talking is soooooo boring and hard to follow!
Oh yeah by the way , Sesame Street is a diferente channel. The Count is there.
Marx loves you, even if you don't love yourself. Be well my challenged little friend.
@@DJWESG1 I rather read Marx directly, way more accessible that that old white man sitting "on the other side of imperialism" as Vijay Prashad perfectly summarized.
There is no money, and no capital . Just social relations enforced at the barrel of a gun. We will print up or digitally enter trillions of dollars, issue bonds and stocks and build bombs and planes and ships and guns and force billions of people to do our bidding. Further, how about services? What do shopkeepers, medical professionals, janitors, food servers, accountants , lawyers, and ond on produce? Most people don't produce anything. Especially insurers and bankers.
I, for one, am anticipating every word that comes forth from the man. His thorough analysis of systemic happenings is absolutely top notch.
And he has no clue what MMT means for the relationships in that chart.
I suspect its you who has no clue.
There is no relationship in that chart, because MMT is only relevant to the US Government, and other major countries.
@@kevinschmidt2210 what u know about relationship? The sad part is that u will continued to believed in the fuzzy numbers that dogmata capitalism always accept.
@@elufo2321 be civil