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Renowned academic David Harvey looks at the roots of capitalism’s current troubles. Can we envision a new social order that would be responsible, just, and humane?
This has to be THE most depressing video I have ever watched here, without exception. There are no easy answers to this unsustainable political system of economics we have nurtured. And it is all political, complex economics aside.. The only way to break out is to break it… and perhaps hope that fair trade and the removal of political trade embargo's due to the necessity of produce wins the day?
I am no economist and I have no idea of the size of the problem, yet all I see are problems associated with "supply and demand", and is that not all that really matters here? And this is not even a Marxist or socialist/communist ideal, in fact it originated with Adam Smith? (One of Thatcher's economic heroes BTW).
Unless we separate politics from economics, or maybe unify world economics under the scrutiny of universal laws and limitations of profiteering then we are doomed to continue to constrain our own economies, create divisions of trade, and doom non-profitable nation states to productive redundancies.
This is the truth here in the UK, I have lived with it and through it. I have witnessed the socialist ideals and the power of the Unions smashed by Conservatism, the continual boom and bust, destruction of UK manufacturing and engineering, the destruction of entrepreneurs and enterprise, and the persistence of long term unemployment. The only clear winners are the mega-wealthy and their sub-servant bankers investing in world markets.
Yet whilst the wealthy are ready to invest, is it not the case of convincing them "where" to invest their monies for healthy returns, and not leave this in the hands of financial institutions? The financial speculations on "bottom lines", and future profits that convince the wealthy where to put monies is lacking foresight.. in our ecosystem, renewable energies, the production of food and clean water supplies and in the more lofty goals of new technologies?
Who else do "you" ask for financial and investment advice?.. your local "merchant banker"… wrong move!! We should instead be asking industrialists and ecologists?
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The IEET is a 501(c)3 non-profit, tax-exempt organization registered in the State of Connecticut in the United States.
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