Crises of capitalism - David Harvey

Excellent animation narrated by David Harvey in which he explains the reasons for the current global economic crisis.

Submitted by Ed on November 1, 2011

Comments

Choccy

12 years 7 months ago

In reply to by libcom.org

Submitted by Choccy on November 2, 2011

Nice one!
I read his Enigma of Capital & the Crises of Capitalism a few months back and it explained a bunch of economic stuff I was always a bit hazy on.
This video is a sweet summary for anyone who hasn't read it.

Gonna make the effort to read some more of his stuff this year as well.

S. Artesian

12 years 7 months ago

In reply to by libcom.org

Submitted by S. Artesian on November 2, 2011

His argument reduces itself to the typical, one-dimensional, and unMarxist "underconsumption" "effective demand" theory-- sometimes dressed up as "fictitious capital" theory.

Really, Harvey does not "get" Marx's analysis of the contradictions of capitalist accumulation despite his claims to the contrary; or he does get it, and rejects it in favor of underconsumption/effective demand theory.

Railyon

12 years 7 months ago

In reply to by libcom.org

Submitted by Railyon on November 11, 2011

Excellent video presentation. Very imaginative and quite the opposite of boring - wish it were always that way!

Spikymike

11 years 8 months ago

In reply to by libcom.org

Submitted by Spikymike on October 1, 2012

Some serious doubts about Harvery's interpretation of Marx's analysis and his understanding of Capitalist Crisis - He comes accross in many respects as a leftist neo-Keynesian.

There is a reasonable review of Harvey's 'The Enigma of Capital' on The Commune website though a fairly limited follow up discussion see:

http://thecommune.co.uk/2012/09/13/the-enigma-of-david-harvey/#more-8224

and also in the library here an earlier review by Paul Mattick Jnr of Harvey's 'Limits to Capital'
which I would recomend.