Hi guys, thank you so much for your work and for this show. Just a quick comment though; maybe it would be a good idea to have the show's playlist sorted chronologically rather than in reverse chronological order. This makes sense when watching or listening in 'autoplay' mode not just only when the episode is in two parts, but also because there are some general concepts and ideas introduced in earlier episodes and referenced later on. Thanks and keep up the good work.
You must understand something they're not telling you about Marxism and that it requires the initiation of violence, corsham, manipulation and acts of aggression in order for it to be initiated and forcefully accepted by the people. At around eight minutes and he tells a falsehood by saying 8 billionaires Run the World, this is false the ones who dictate on the monetary policies for all the central banks as well as Social Security economic policies of wealth in the trillions, they want said give me control over a nation's money supply and I care not who makes its laws. So we are hearing a lot of falsehoods from this person
@@gigsrouiy8080 Look, we get it, you're a "i can't get over the cold war" kinda guy. Why don't you go find videos about how amazing capitalism is and leave us to enjoy our videos in peace. :)
Although this is called "Anti-Capitalist", the information is basically in-depth insights in economics that would really be just as valuable for capitalists as for non-capitalists.
It kind of interesting how one can learn so much from quite obvious aspects of the history of our economy. The problem is that nobody talks about these things. It’s so sad how there’s people caught up in trivial day to day matters rather than focusing on rationality and deep-thinking. Nobody has time to analyze things anymore. You’re not supposed to think like a critical economist, you’re supposed to be a blind defender of an intrinsically tyrannical system. If your reading this David Harvey, or Richard Wolff as well, I would like to meet up with you guys to discuss solutions. That would be awesome. I’ve got a solid solution but I believe Marxian economists know the one I’m talking about (workers control of the means of production in a federalized City-state system). Thank you again, spread the message as far out as you can!
I definitely believe in the notion that the most egalitarian, and finally, the most economic and beneficial system would be the one you just described; but that step is likely only one key step to the final solution. We are going to have to take into account the function of the state within this system, because the state is going to be needed to make the transformations in society that we aspire towards. At first, the power of the state is, at the very least, going to be needed in some administrative sense, as well as to enforce laws and to protect the worker society. See, we are already running into the problems that Lenin and Stalin ran into 100 years ago. It is my belief, that from an internationalist viewpoint (solidarity with all of the workers of the world), once the world's global Capitalist hegemon is thwarted and taken down, that being the United States government, and the Capitalist power structure that it upholds, the rest of the world's population will follow suite. Without the United States to provide the authoritarian military force that it provides, to the Employer Classes of the world, the entire global system of Neoliberal Capitalism will fall. It's my belief that the People of the World are just waiting for this to happen. But just in case, we will still need the power of the state in our corner, until what Marx called 'True Communism' is realized. Then, as he theorized, there will eventually be a "withering away of the state," as society, within the constructs of a communal living arrangement, will be able to handle all of the functions of the state, for and by themselves. And getting rid of Capitalism and all of the bribery and corruption that it entails, we will be free from those who wish to do us, and our society, harm. Keep the faith Comrade.
Big G Haywood Very solid point about the use of the state. The problem with the USSR was that the state power remained, Lenin died, and the means of production were given to the state, never the worker. It was either a ideological misinterpretation of socialism (highly unlikely) or there was a purge from the inside of the party (highly likely), I think honestly Lenin was a syndicalist, but the ideas weren’t as developed and laid out, plus Stalin shat all over the potentially great USSR by likely being the one to kill Lenin, not a stroke. I know bullshit when I see it, but hey I maybe wrong, Lenin went through a lot so a stroke kind of makes sense, but i think he got poisoned. Contrary to popular belief, Lenin was actually quite anti-statist read some of his works they sound pretty libertarian. I wish he wouldn’t have died! Kropotkin and Goldman should have joined also, but they were scared. That would have been a great collaboration, Lenin x Kropotkin x Goldman. There just wasn’t enough organization. I agree with Lenin that we need a vanguard. And nice point on the United States. If the ruling empire falls and a syndicalist revolution takes place in the United States, then every other country will fall with no strong military support.
Re: ' It’s so sad how there’s people caught up in trivial day to day matters rather than focusing on rationality and deep-thinking'. This isn't coincidental. Recommend reading 'Pedagogy of the Oppressed' by Paulo Freire. Crude summary: State Education - the provision of Critical Thinking capacity = Space for the Mainstream Media to function (propaganda, interspersed with distraction)
I've listened a several of his podcasts and have found them all to be informative, clear, and important. So glad to have these discussions available. Thank you!
I'm French and I found the the bit about Mitterrand very interesting, the common view is that he betrayed his voters when he went neo-liberal in 1983 but it seems he had no choice.
What credible specialists can we look to, to find out more? I tend to think most of the politicos alleged to possess 'good intentions' were likely villains before their entry to high office. There's certainly any number of examples in DC ... I don't know enough about Mitterrand, which I acknowledge ... so the pessimism, and cynicism developed through observing events in London and DC, may encourage an unfair bias in this case... Colonialism may give us clues ... ethics at home, or ethics universal?
1983 .... neatly coincides with the 'Chicago School', Thatcher, Reagan, and so much evil in the world. A common grudge among the English -- France selling Exocets to Argentina ... But there is so much more to this 'story' ... Thatcher wanted a distraction so she could introduce Friedman economics whilst the public were fed a steady diet of Nationalism by a complicit media ... Meanwhile, in Argentina, the government wanted a distraction for the public, to draw their anger away from the impacts of .... Friedman Economics .... One war, 2 sets of the same Policies ... The English know the names of all sorts of military operations .. Market Garden, Overlord ... How strange that no one seems to know the Falklands War was given the codename *Operation Corporate* !!!
The Mitterrand story sounds similar to the narrative that happened in New Zealand, i.e. the banks will crash your economy if you don't give them free reign..
@@philgwellington6036 Were it not for the complicity of our mainstream media, I wonder what % of the public would find this situation acceptable? Not many, were the reality laid bare!
I wish Prof Wolff, David Harvey, Yannis Varoufakis, Noam Chomsky, and Chris Hedges would sit together and have a round table discussion. I also wouldn't be opposed if they were a part of Bernie Sander's future presidential cabinet.. Throw in Thom Hartmann, Elizabeth Warren, Anand Giridharadas, and Alexandria Acasio-Cortez for good measure.
You left out a few of our greatest thinkers, especially one Dr. Michael Parenti. His son, Christian, has been featured on DAW podcasts before. Let's not forget Tariq Ali, Cornel West, Glen Ford, Angela Davis and several others that I'm leaving out.
Yes. This. It's high time we get these, the greatest of minds (and compassionate of hearts), the few and mighty truth tellers, together so we can find a way forward
Holy crap I would love to see that and with Rutger Bregman, Gwynne dyer, some UA-camrs I like like non compete and answers with joe, could think of a lot more people too
I'd be interested to know if any government has come close to having an answer to the problem of the flight of capital. It seems the world is routinely held to ransom by this gambit
There are obvious problems posed by there being several Economic hubs around the world - Hong Kong, Berlin, New York, London ... One possible solution would be the creation of a 'new' currency - whereupon exchanges of new for old would be made under a series of conditions ... for example, the exclusion of 'Off Shore' accounts etc. The difficulty is - the various Economic hubs would 'punish' the innovative state - likely making the new currency worthless ... (bearing in mind the realities of 'money' illustrated under MMT (modern monetary theory) so we need to focus on purchasing power inflation, not the bogus inflation talked about in Mainstream Media news channels). It's perverse state of affairs ... as Sovereign States 'make' money .. it's their 'superpower'! Possibly another angle to look at - do what research and prep is possible beforehand .... and issuing money across a domestic population on a basis such as UBI .. if a domestic economy can be made sufficiently robust, it may last long enough to gain strength and prosper ---> which is exactly what Neo-liberals don't want, as peer populations would demand the same ... and Capitalism as we know it would die. Hopefully quite quickly.
Mark Twain on drummers: "Brisk men, energetic of movement and speech; the dollar their god, how to get it their religion." Life on th Mississippi (1883) www.gutenberg.org/ebooks/245
Actually, for a developed country that isn’t too dependent on imports, capital flight can be a good thing. It makes the exchange rate come down and your products get more competitive in the world market. Typically, these capital flights rarely get so big that they are actually a problem (for developed nations).
An idea that both democrats and republicans might agree with : why can't we just keep printing whle needed enough money in fiat($) or crypto currencies to give every man, woman and child in the US, $1,000.00 each. Did we not just print over $15T adding to the debt? Expected runaway inflation did not happen. Economist might say this is naive thinking; hope seombody can tell me why. I heard where some economists have said debt does not matter anymore. If so print to give to those who need it. Forget for now about fighting over taxes.
Capitalism no longer holds good under the strengths of its definition. Indebtedness is not Capital as one knows of & that which constitutes Capital but is just the opposite.
IMF WORLD BANK AND FEDRAL RESERVE Serve the special interests groups by monetizing the debt and sudizing special interests groups banks the military mortgage company's through QE. This is a form of corporate welfare by placing a hidden tax on the poor and middle class called inflation. These gse (goverment sponsors enterprises meaning private sector and government play a massive role in the state by protecting the billionaires that you are taking about!
Unless you clarify what type of capitalism you're talkin about you're basically vilifying every system that we've used and have used and can can't even conceive of, such as socialism, communism, crony capitalism, corporate capitalism, authoritarianism, feudal Lord ism you name it it revolves around the foundation of capitalism, otherwise it would not be sustainable nor can you even establish any particular system without capitalism,, because capitalism is basically resources that are converted into final products or services for the exchange of something else that has equal or more value. It is also the expenditure of energy towards creating something of value which can also be exchanged for something else of equal or more or even less value. And people are an important part of this capitalism as its people that turn the resort be in a raw form or any other form that in turn from their Transit into something else from which it is either sold by the human to another human to be processed even further to be turned into a more refined fraud to be then intern again sold to another person and so on and so forth until it reaches reaches its final customer oh, and the process is repeated over and over again. So they're very basic foundation and operating principles of capitalism operates within every Central planning type of system we can think of what is built and operated around centrally planned economics methodology and or models. So you see unless you're being specific as to what type of capitalism you are against or four, after all every system that attempts to manage Society must operate on Capitol and the human operative the capitalist in order to generate revenues to sustain societies and individuals in general. We ought not generalize about serious aspects of human existence realistic sustainability potential does this mean deed 2 ideologies that translate to very dangerous actions I'm morally hazardous strategies. Central planning of society in general is extremely hazardous and risky, after all especially plans societies operate on an artificial limited carrying capacity for human populations the very core of its operating principles, it is for this reason that from time to time when human populations carrying capacity of artificially centrally planned economies it is then that Central planners utilize various soft and hard techniques to stabilize human populations to bring it in line with the carrying capacity of any particular economy are there any particular stage or condition of economic cycle. Weather is communism corporate capitalism socialism for crony capitalism violence and aggression must be initiated utilize throughout the entire cycle of any such particular societal management structural system used. There is one way to avoid being here and all of these systems oh, and that is to initiate some of the practices of our ancestors, as they participated ancient free market principles the horse and cart vegetable fish or fruit stands concept solder Goods without interference bye the monopolist corporate office and neither from the state who enforces the monopolies of the private sector or those of Their Own. Some might say what what are you advocating for a completely unregulated economy? Well other than response may sing but it isn't the rules that will be abandoned but rather the rulers. That's not to say that we couldn't use people that would facilitate Society through sound means economic freedoms and sound money, on the contrary oh, we can easily have a hierarchical structure socioeconomic Paradigm by which those most capable Aid in facilitating Society towards more more economic freedoms and the sound money. We understand that the lack of economic freedom and the ability to participate in the economy on equal Level Playing Field with the corporate us monopolist are the very components we use to establish the misery index. Thus we know the source of misery on the planet primary root cause oh, so we ought to address those very components the continues to exacerbate misery. The misery index is established by taking the unemployment rate and the rate of inflation. These two things are easily remedied by opening up the markets to the poor and vulnerable individuals of society so as to create an equal Level Playing Field and economic opportunities between individuals and large powerful monopolized conglomerate corporations as well as the reintroduction of sound money to prevent the main cause of inflation. thanks for reading please give me a thumbs down or sums up or reply so that I know somebody read this and that the comment was not removed thank you. PS Marxism always tends to focus primarily on the collective when in actuality people are always seeking out how to improve the quality of their life as individuals first and foremost before considering anybody else. We all do this, it is natural, after all if we cannot Empower ourselves with a necessary resource as individuals then we certainly cannot Empower others to seek out and obtain resources for themselves. We are all intrinsically driven to care for ourselves before we care of others and of course that makes sense because we can't take care of anybody else unless we take care of ourselves first. We are intrinsically driven to seek out where is of preserving ourselves as a first and foremost objective that is written and I are very biological makeup, just like any other organism. Yet somehow Marxism presumes that the individuals innate niche will not coming to play or can be quelled or disciplined in some way to give up their unique individual goals and objectives for the greater good, we simply do not operate on those terms, and most certainly in order to subdue the individual and have the individual seek out and work towards the needs of the collective will require certain level of manipulation, coercion threats of violence and aggression. In fact if we look at past communist systems we see that an immense amount horrifying violence was initiated against the people, hundreds of millions of people died for an ideology that goes against human nature. Certainly human beings need each other to help make life easier but we ought not nor is it necessary to seek out such extreme so-called Human Resource Management strategies that requires people to surrender their Universal rights, and their autonomy for some ideological principles that defines an attempts to circumvent our natural tendencies to seek out a strategy that seeks to improve our quality of life as individuals. On the whole it is economic freedoms and sound money that is responsible for the development and maintenance of sound mind, self-worth and maturity as well as in turn from their the capacity to Foster and nurture love, empathy and forgiveness in ways we can measure for True Value.
He states that the 8 billionaire people with a lot of money control the world this is false, in fact those that facilitate the world I have wealth in the trillions they dictate all the monetary policies for all the central banks in the world as well as economic and social policies, besides there are more than eight billionaires in the world. These eight billionaires are simply billionaires with perhaps some influence on policy-making but they are not the ones who create or influence monetary policies or social economic policies on a grand scale. It is those that dictate what money is that have the true power because I'm they can dictate policies. Give me control over a nation's money supply and I care not who makes its laws , this quote comes to mind.
He didn't literally mean that eight billionaires control everything; he threw out that number for the sake of discussion. His point was basically the same as yours--if I understand your comment accurately: that economic control is in the hands of a tiny minority.
You can help us keep this podcast going! Become a patron of Anti-Capitalist Chronicles and support the project: www.patreon.com/davidharveyacc
Hi guys, thank you so much for your work and for this show.
Just a quick comment though; maybe it would be a good idea to have the show's playlist sorted chronologically rather than in reverse chronological order.
This makes sense when watching or listening in 'autoplay' mode not just only when the episode is in two parts, but also because there are some general concepts and ideas introduced in earlier episodes and referenced later on.
Thanks and keep up the good work.
You and Profs. Wolff and Reich have given me an education in economics. I don't think I understood Marxist thought before y'all.
Glad we could have these available, George!
@@democracyatwrk you have no idea how happy a response from y'all makes me!
You must understand something they're not telling you about Marxism and that it requires the initiation of violence, corsham, manipulation and acts of aggression in order for it to be initiated and forcefully accepted by the people. At around eight minutes and he tells a falsehood by saying 8 billionaires Run the World, this is false the ones who dictate on the monetary policies for all the central banks as well as Social Security economic policies of wealth in the trillions, they want said give me control over a nation's money supply and I care not who makes its laws. So we are hearing a lot of falsehoods from this person
@@gigsrouiy8080 WTF are you rambling about? That is some of the most ignorant shit I have ever heard in 68 years!
@@gigsrouiy8080 Look, we get it, you're a "i can't get over the cold war" kinda guy. Why don't you go find videos about how amazing capitalism is and leave us to enjoy our videos in peace. :)
David Harvey is brilliant. His books are essential for any American trying to educate themselves about capitalism.
Not only Americans, trust me. :)
Although this is called "Anti-Capitalist", the information is basically in-depth insights in economics that would really be just as valuable for capitalists as for non-capitalists.
That's what Marxism is, an analysis of Capitalism.
It kind of interesting how one can learn so much from quite obvious aspects of the history of our economy. The problem is that nobody talks about these things. It’s so sad how there’s people caught up in trivial day to day matters rather than focusing on rationality and deep-thinking. Nobody has time to analyze things anymore. You’re not supposed to think like a critical economist, you’re supposed to be a blind defender of an intrinsically tyrannical system. If your reading this David Harvey, or Richard Wolff as well, I would like to meet up with you guys to discuss solutions. That would be awesome. I’ve got a solid solution but I believe Marxian economists know the one I’m talking about (workers control of the means of production in a federalized City-state system). Thank you again, spread the message as far out as you can!
I definitely believe in the notion that the most egalitarian, and finally, the most economic and beneficial system would be the one you just described; but that step is likely only one key step to the final solution. We are going to have to take into account the function of the state within this system, because the state is going to be needed to make the transformations in society that we aspire towards. At first, the power of the state is, at the very least, going to be needed in some administrative sense, as well as to enforce laws and to protect the worker society. See, we are already running into the problems that Lenin and Stalin ran into 100 years ago. It is my belief, that from an internationalist viewpoint (solidarity with all of the workers of the world), once the world's global Capitalist hegemon is thwarted and taken down, that being the United States government, and the Capitalist power structure that it upholds, the rest of the world's population will follow suite. Without the United States to provide the authoritarian military force that it provides, to the Employer Classes of the world, the entire global system of Neoliberal Capitalism will fall. It's my belief that the People of the World are just waiting for this to happen. But just in case, we will still need the power of the state in our corner, until what Marx called 'True Communism' is realized. Then, as he theorized, there will eventually be a "withering away of the state," as society, within the constructs of a communal living arrangement, will be able to handle all of the functions of the state, for and by themselves. And getting rid of Capitalism and all of the bribery and corruption that it entails, we will be free from those who wish to do us, and our society, harm. Keep the faith Comrade.
Big G Haywood Very solid point about the use of the state. The problem with the USSR was that the state power remained, Lenin died, and the means of production were given to the state, never the worker. It was either a ideological misinterpretation of socialism (highly unlikely) or there was a purge from the inside of the party (highly likely), I think honestly Lenin was a syndicalist, but the ideas weren’t as developed and laid out, plus Stalin shat all over the potentially great USSR by likely being the one to kill Lenin, not a stroke. I know bullshit when I see it, but hey I maybe wrong, Lenin went through a lot so a stroke kind of makes sense, but i think he got poisoned. Contrary to popular belief, Lenin was actually quite anti-statist read some of his works they sound pretty libertarian. I wish he wouldn’t have died! Kropotkin and Goldman should have joined also, but they were scared. That would have been a great collaboration, Lenin x Kropotkin x Goldman. There just wasn’t enough organization. I agree with Lenin that we need a vanguard. And nice point on the United States. If the ruling empire falls and a syndicalist revolution takes place in the United States, then every other country will fall with no strong military support.
are you on a slack or discord server at all?
I would include Michael Hudson as one to read.
Re: ' It’s so sad how there’s people caught up in trivial day to day matters rather than focusing on rationality and deep-thinking'. This isn't coincidental.
Recommend reading 'Pedagogy of the Oppressed' by Paulo Freire.
Crude summary: State Education - the provision of Critical Thinking capacity = Space for the Mainstream Media to function (propaganda, interspersed with distraction)
Again Dr Harvey you have given me a great deal to think about. Thanks
I've listened a several of his podcasts and have found them all to be informative, clear, and important. So glad to have these discussions available. Thank you!
I'm French and I found the the bit about Mitterrand very interesting, the common view is that he betrayed his voters when he went neo-liberal in 1983 but it seems he had no choice.
What credible specialists can we look to, to find out more?
I tend to think most of the politicos alleged to possess 'good intentions' were likely villains
before their entry to high office. There's certainly any number of examples in DC ...
I don't know enough about Mitterrand, which I acknowledge ... so the pessimism, and cynicism
developed through observing events in London and DC, may encourage an unfair bias in this case...
Colonialism may give us clues ... ethics at home, or ethics universal?
1983 .... neatly coincides with the 'Chicago School', Thatcher, Reagan, and so much evil in the world.
A common grudge among the English -- France selling Exocets to Argentina ...
But there is so much more to this 'story' ...
Thatcher wanted a distraction so she could introduce Friedman economics whilst the public were fed a
steady diet of Nationalism by a complicit media ...
Meanwhile, in Argentina, the government wanted a distraction for the public, to draw their anger away from the impacts of .... Friedman Economics .... One war, 2 sets of the same Policies ...
The English know the names of all sorts of military operations .. Market Garden, Overlord ...
How strange that no one seems to know the Falklands War was given the codename *Operation Corporate* !!!
The Mitterrand story sounds similar to the narrative that happened in New Zealand, i.e. the banks will crash your economy if you don't give them free reign..
@@philgwellington6036 Were it not for the complicity of our mainstream media, I wonder what % of the public would find this situation acceptable? Not many, were the reality laid bare!
@@kwakkers68 If only ... our media wasn't manufactured. Lol 😂. One industry that hasn't been off shored to China!
These podcasts have allowed me to comprehend better the second chapter of professor's Harvey 'Condition of Posmodernity'. Thanks again Daw!
Controlling the motion of capital is like learning irrigation
I wish Prof Wolff, David Harvey, Yannis Varoufakis, Noam Chomsky, and Chris Hedges would sit together and have a round table discussion. I also wouldn't be opposed if they were a part of Bernie Sander's future presidential cabinet.. Throw in Thom Hartmann, Elizabeth Warren, Anand Giridharadas, and Alexandria Acasio-Cortez for good measure.
You left out a few of our greatest thinkers, especially one Dr. Michael Parenti. His son, Christian, has been featured on DAW podcasts before. Let's not forget Tariq Ali, Cornel West, Glen Ford, Angela Davis and several others that I'm leaving out.
Big G Haywood good point. I didn’t mean to leave people out!! Thank you for the additions.
Yes. This. It's high time we get these, the greatest of minds (and compassionate of hearts), the few and mighty truth tellers, together so we can find a way forward
Holy crap I would love to see that and with Rutger Bregman, Gwynne dyer, some UA-camrs I like like non compete and answers with joe, could think of a lot more people too
Elizabeth Warren is a capitalist to her bones. And a snake. But the rest I'm on board with.
Thank you so much for providing us with this education. Rare and highly important!
Great lens from Prof Harvey.
Yanis Varoufakis also has a similar and deeper breakdown in his book Talking to my Daughter About the Economy.
I'd be interested to know if any government has come close to having an answer to the problem of the flight of capital. It seems the world is routinely held to ransom by this gambit
There are obvious problems posed by there being several Economic hubs around the world - Hong Kong, Berlin, New York, London ... One possible solution would be the creation of a 'new' currency - whereupon exchanges of new for old would be made under a series of conditions ... for example, the exclusion of 'Off Shore' accounts etc.
The difficulty is - the various Economic hubs would 'punish' the innovative state - likely making the new currency worthless ... (bearing in mind the realities of 'money' illustrated under MMT (modern monetary theory) so we need to focus on purchasing power inflation, not the bogus inflation talked about in Mainstream Media news channels).
It's perverse state of affairs ... as Sovereign States 'make' money .. it's their 'superpower'!
Possibly another angle to look at - do what research and prep is possible beforehand .... and
issuing money across a domestic population on a basis such as UBI .. if a domestic economy can be made
sufficiently robust, it may last long enough to gain strength and prosper ---> which is exactly what Neo-liberals don't want, as peer populations would demand the same ... and Capitalism as we know it would die. Hopefully quite quickly.
Great insight everyone needs. If you read this, share with someone, everyone !
thank you professor.
Mark Twain on drummers:
"Brisk men, energetic of movement and speech; the dollar their god, how to get it their religion."
Life on th Mississippi (1883)
www.gutenberg.org/ebooks/245
Thank you for you lectures!
Great learning thank you David.
I really don't care for the camera work with the slow push and pull. It is distracting. Keeping the zoom unchanged would be better.
Excellent!
Actually, for a developed country that isn’t too dependent on imports, capital flight can be a good thing. It makes the exchange rate come down and your products get more competitive in the world market. Typically, these capital flights rarely get so big that they are actually a problem (for developed nations).
Can i get the pdf's or notes of these videos ...
thank for amazing lectures
would there be an edit of just the shakespear read?
Here you go!
instagram.com/p/BuB3b2xBHr7/
This is brilliantly erudite
Great~
What GOT character would David Harvey play?
kid coburg Gandalf
I hope David Harvey is fine
No MOre War
Bond holders do not preclude governments from taking action. Learn how the monetary system works!
Their money and the power they hold, which has corrupted almost every government, indeed does though.
@@itzenormous The ignorance of the public keeps the wealthy in power. In reality, their power is no match for the power of the state.
An idea that both democrats and republicans might agree with : why can't we just keep printing whle needed enough money in fiat($) or crypto currencies to give every man, woman and child in the US, $1,000.00 each. Did we not just print over $15T adding to the debt? Expected runaway inflation did not happen. Economist might say this is naive thinking; hope seombody can tell me why. I heard where some economists have said debt does not matter anymore. If so print to give to those who need it. Forget for now about fighting over taxes.
Capitalism no longer holds good under the strengths of its definition. Indebtedness is not Capital as one knows of & that which constitutes Capital but is just the opposite.
ʕᵔᴥᵔʔ
IMF WORLD BANK AND FEDRAL RESERVE Serve the special interests groups by monetizing the debt and sudizing special interests groups banks the military mortgage company's through QE. This is a form of corporate welfare by placing a hidden tax on the poor and middle class called inflation. These gse (goverment sponsors enterprises meaning private sector and government play a massive role in the state by protecting the billionaires that you are taking about!
Will Bernie Sanders face the same fate as Clinton?
Unless you clarify what type of capitalism you're talkin about you're basically vilifying every system that we've used and have used and can can't even conceive of, such as socialism, communism, crony capitalism, corporate capitalism, authoritarianism, feudal Lord ism you name it it revolves around the foundation of capitalism, otherwise it would not be sustainable nor can you even establish any particular system without capitalism,, because capitalism is basically resources that are converted into final products or services for the exchange of something else that has equal or more value. It is also the expenditure of energy towards creating something of value which can also be exchanged for something else of equal or more or even less value. And people are an important part of this capitalism as its people that turn the resort be in a raw form or any other form that in turn from their Transit into something else from which it is either sold by the human to another human to be processed even further to be turned into a more refined fraud to be then intern again sold to another person and so on and so forth until it reaches reaches its final customer oh, and the process is repeated over and over again. So they're very basic foundation and operating principles of capitalism operates within every Central planning type of system we can think of what is built and operated around centrally planned economics methodology and or models. So you see unless you're being specific as to what type of capitalism you are against or four, after all every system that attempts to manage Society must operate on Capitol and the human operative the capitalist in order to generate revenues to sustain societies and individuals in general. We ought not generalize about serious aspects of human existence realistic sustainability potential does this mean deed 2 ideologies that translate to very dangerous actions I'm morally hazardous strategies. Central planning of society in general is extremely hazardous and risky, after all especially plans societies operate on an artificial limited carrying capacity for human populations the very core of its operating principles, it is for this reason that from time to time when human populations carrying capacity of artificially centrally planned economies it is then that Central planners utilize various soft and hard techniques to stabilize human populations to bring it in line with the carrying capacity of any particular economy are there any particular stage or condition of economic cycle. Weather is communism corporate capitalism socialism for crony capitalism violence and aggression must be initiated utilize throughout the entire cycle of any such particular societal management structural system used. There is one way to avoid being here and all of these systems oh, and that is to initiate some of the practices of our ancestors, as they participated ancient free market principles the horse and cart vegetable fish or fruit stands concept solder Goods without interference bye the monopolist corporate office and neither from the state who enforces the monopolies of the private sector or those of Their Own. Some might say what what are you advocating for a completely unregulated economy? Well other than response may sing but it isn't the rules that will be abandoned but rather the rulers. That's not to say that we couldn't use people that would facilitate Society through sound means economic freedoms and sound money, on the contrary oh, we can easily have a hierarchical structure socioeconomic Paradigm by which those most capable Aid in facilitating Society towards more more economic freedoms and the sound money. We understand that the lack of economic freedom and the ability to participate in the economy on equal Level Playing Field with the corporate us monopolist are the very components we use to establish the misery index. Thus we know the source of misery on the planet primary root cause oh, so we ought to address those very components the continues to exacerbate misery. The misery index is established by taking the unemployment rate and the rate of inflation. These two things are easily remedied by opening up the markets to the poor and vulnerable individuals of society so as to create an equal Level Playing Field and economic opportunities between individuals and large powerful monopolized conglomerate corporations as well as the reintroduction of sound money to prevent the main cause of inflation. thanks for reading please give me a thumbs down or sums up or reply so that I know somebody read this and that the comment was not removed thank you. PS Marxism always tends to focus primarily on the collective when in actuality people are always seeking out how to improve the quality of their life as individuals first and foremost before considering anybody else. We all do this, it is natural, after all if we cannot Empower ourselves with a necessary resource as individuals then we certainly cannot Empower others to seek out and obtain resources for themselves. We are all intrinsically driven to care for ourselves before we care of others and of course that makes sense because we can't take care of anybody else unless we take care of ourselves first. We are intrinsically driven to seek out where is of preserving ourselves as a first and foremost objective that is written and I are very biological makeup, just like any other organism. Yet somehow Marxism presumes that the individuals innate niche will not coming to play or can be quelled or disciplined in some way to give up their unique individual goals and objectives for the greater good, we simply do not operate on those terms, and most certainly in order to subdue the individual and have the individual seek out and work towards the needs of the collective will require certain level of manipulation, coercion threats of violence and aggression. In fact if we look at past communist systems we see that an immense amount horrifying violence was initiated against the people, hundreds of millions of people died for an ideology that goes against human nature. Certainly human beings need each other to help make life easier but we ought not nor is it necessary to seek out such extreme so-called Human Resource Management strategies that requires people to surrender their Universal rights, and their autonomy for some ideological principles that defines an attempts to circumvent our natural tendencies to seek out a strategy that seeks to improve our quality of life as individuals. On the whole it is economic freedoms and sound money that is responsible for the development and maintenance of sound mind, self-worth and maturity as well as in turn from their the capacity to Foster and nurture love, empathy and forgiveness in ways we can measure for True Value.
Read some real books on economic theory.
He states that the 8 billionaire people with a lot of money control the world this is false, in fact those that facilitate the world I have wealth in the trillions they dictate all the monetary policies for all the central banks in the world as well as economic and social policies, besides there are more than eight billionaires in the world. These eight billionaires are simply billionaires with perhaps some influence on policy-making but they are not the ones who create or influence monetary policies or social economic policies on a grand scale. It is those that dictate what money is that have the true power because I'm they can dictate policies. Give me control over a nation's money supply and I care not who makes its laws , this quote comes to mind.
He didn't literally mean that eight billionaires control everything; he threw out that number for the sake of discussion. His point was basically the same as yours--if I understand your comment accurately: that economic control is in the hands of a tiny minority.
Thank you Prof Harvey great breakdown from you.