RSA ANIMATE: Crises of Capitalism

majestic video, thanks to David Harvey.

This video is becoming painfully relevant again, now that we're in the early stages of another crash

Very relevant for today!

The point of departure?
Grundrisse

funny I stumble on this video exactly ten years after it was made, April 26, 2020.

an excessive power of labour back in the 1970 is a bullsh*t
actually this video ain't explains nothing, just some fancy painting in here
time to read the capital of karl marks, guys. these fat cats - many of them did it
socialism or capitalism

Far too much information for me.
I'd have preferred less advanced illustration and a simpler explanation.

Karl Marx is a goldmine

Good job RSA!

Can big data help economic depression?

Can space exploration for rare earths help capital market economy from economic depression?

A decade later... The zombie marches on.

Communist!!!!!!!!!! Blaghhhhhhhhh

Brilliant

Annnd here we are. Fed's about to release the biggest stimulus ever.

The answer is to embrace strong sustainability.War must be made illegal.All our efforts must go into peaceful cooperation.

Doing an amazing job!!

The dude talks so insightfully about economic models and issues for 10 minutes and then concludes with: just join an anti-capitalist organization, bruh, capitalism sucks. All's well and good with his theories but the problem is we are spending too much time discussing the problem and too little cooking up a solution. Any academic has their own views and debates, but if you really want to do something about it, then propose the solutions: how should we change the economy, what systemic changes do you propose, how should they work, is it necessarily a matter of changing capitalism from the roots and replacing it with something else (like socialism, since he is marxist) or should we make major changes within capitalism itself? Try to answer these questions as an academic, as opposed to just pointing fingers and saying: let's topple the big fat greedy capitalists and then we have no idea what to put instead of them.

Centralization of power is the main issue. It enables a few people to manipulate and rig the economy in their favor.

Multiple decentralized equalitarian communities, such as anarchist syndalicism, are feasible.

State Socialism doesn't work. It only centralizes power, no matter how benign it's intentions are.

These arguments are shallow and not well thought out

He talks of a lot anti capitalist policies to say capitalism doesn’t work

When y’all say things are getting worse what do y’all mean because before the pandemic the world had lowered poverty significantly

Next time can you dip his arm in green paint and green screen it out?

bonk! go to finance jail

Author, you're absolutely right. The modern economic model leads the world to the abyss.

Love how many women are in this drawing

Capitalism and socialism are antiquated systems.
The crisis is that we are not evolving/advancing our economic systems.
The world has changed vastly since these systems were conceived.
Automation, efficiency, technology, globalism...all these things beg to change our economic systems to meet the current demands

credit....using consumers to circulate the bank's money.
like money laundering for banks

comment

I keep hearing the capitalism vs socialism debate and people will state something like: "Well what would you prefer socialism? Capitalism is better." But under capitalism a company who opts to take financial risk faces the consequences of that risk if things go wrong, for the government to protect said company by bailing them out is not capitalism. So how exactly does the capitalism vs socialism argument even fit here?

Marxism is toxic religion .

New ideas always hated on by the existing powers. Always.

Are you serious? "marxist perspectives are unusual"? Compared to what?

kill money 10 years later

this is as relevant today as it was 12 years ago

I like this stuff and wish to be taught how to do it, Marxism would interesting to learn and teach

From which lecture is this taken? Does anyone have a written version I can reference? I'd be happy if anyone could help me !

All "ISM's" are require fuel & the earth is at peak oil. It's here now. When oil declined, the human population will declive just like it raised up w/oil production. Good luck to all.

Hayak rips.

Capitalism can be solved with the Gold Standard sound money, transparency, low taxes, free market unregulated capitalism. That's actually what real capitalism is. What David Harvey is describing is crony capitalism.

Seems weird to explain something as simple as greed in such a complex way.

I have come back to this video every year since it came out and it only gets more depressingly relevant as the years go by. He called it all and nothing's changed in the intervening 13 years. If you're reading this and aren't a member already: Join a Union.

Ingeniería financiera vs crecimiento real...

The change from the Democratic Capitalism of the USAs boom times ( 50s / 60s ) to Neoliberalism 40 years ago has seen it moving steadily further Right.
In the USA we see the Dangers of the Right-Wing`s Power of the Individual ideology - Murdoch`s Control over western media,
Trump`s avoidance of jail, Epstein`s Power over & Protection of Politician & Corporate Richlister clients ( 4 years, No Prosecutions ? ) We see the Power over People / Profit over People exercised by Corporations ( Sole purpose Profit & with the legal status of an Individual ) - Marketing Surveillance / collection of Personal Details, Lobbying for Political Favour, Control of Media, Widespread Corruption - ( Cancers from Tobacco, Fracking, Teflon etc ? )
Maybe it`s time to realise that we have gone Too Far to the Right ! ( towards Fascism ? ) and that Democratic Capitalism was a better system than the Neoliberalism of Today ! ! : )
( Neoliberalism - National Socialism - NeoNaziism ? ? ? )

I remember hearing from Steve Keen years ago (sorta paraphrasing Minsky) that Finance was meant to be the cost of doing business, and never a way a generator of profit and capitol.

And the mode of thinking - jail those who manage the system they produces everything and steal all their wealth lol. Marxists being marxists.

As Nick Hanauer said in HIS article... "the pitchforks as coming... for the rich"!