web analytics

RSA Animate – Crises of Capitalism

Written By: - Date published: 2:24 pm, July 11th, 2010 - 22 comments
Categories: Economy, education, youtube - Tags:

In this RSA Animate, radical social theorist David Harvey asks if it is time to look beyond capitalism towards a new social order that would allow us to live within a system that really could be responsible, just, and humane?

This is based on a lecture at the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA).

It is a hell of an effective way to present an economic argument.

Thanks to the reader who sent this through to The Standard..

22 comments on “RSA Animate – Crises of Capitalism ”

  1. just saying 1

    Brilliant.

    “We have a duty to change our mode of thinking”.

  2. As yet, i don’t see this happening any time soon.

  3. deemac 3

    what I love about this is that it’s so concise – it’s no good giving someone a book and saying “read this” but anyone can spare ten minutes to watch a video

  4. Quoth the Raven 4

    I would encourage watching this rejoinder Crisis of Capitalism, The Critique

    • Bored 4.1

      Oh dear, libertarian bollocks versus Marxian bullshit, just like two sides of the same coin claiming to be shinier than the other. I note however the anti Marxist really had no ability to argue that capital accumulation is not real and demonstrable. He forgot the golden rule (he who has the gold makes the rules), works whether you are a capitalist or a Marxist.

      • Quoth the Raven 4.1.1

        I note however the anti Marxist really had no ability to argue that capital accumulation is not real and demonstrable.

        Why would he?

        He forgot the golden rule (he who has the gold makes the rules), works whether you are a capitalist or a Marxist.

        I’d say he who has the guns makes the rules.

        Have you got any specific arguments to make about the video. I personally disagree with much of what he’s saying.

        • Bored 4.1.1.1

          Q, I would like you on my side in a debate about the number of saints who can dance on the head of a needle. I think it a little disingenuous to ask why the issue of capital accumulation needs not be answered. I am sure that you are fully aware that this is at the heart of the issue, the mechanics of how it happens is of secondary importance.

          On the second point guns make the rules, there was the famous quote by Mao (?) on political power growing from the barrel of a gun. Personally I dont see that huge amounts of money and lethal force are seperable entities.

          • Quoth the Raven 4.1.1.1.1

            If we have state socialism we’d still have capital accumulation. What you’re talking about is primitive accumulation.

      • loota 4.1.2

        There is quite a lot to critique with “The Critique” video. One thing which stands out is that the narrator of “The Critique” dismisses Harvey’s positing of the explanatory ‘Genres’ for the WFC saying that no real free marketeer would use any of those explanations – but then doesn’t give any explanations of what a ‘real free markteer’ would give.

        It appears at that stage, and throughout the rest of the video, the narrator argues the case (or rather makes pointed assertions without arguing much of a case) based on a hypothetical free market utopia which has never actually occured in practice. E.g. I noticed the narrator making shoot from the hip statements which weren’t followed up by any rationale e.g. free markets have made everyone richer, has cut poverty in India in half, in the 1970’s monetary policy was one of the big problems, Harvey is advocating for policies which will make everyone poorer…

    • lprent 4.2

      Interesting that the idiot critic doesn’t bother to follow his own criticism on his own critique.

      The only point that this neo-lib makes is households have gotten smaller.

      As far as I could see, he skipped from average disposable individual income to absolute household income. In other words, between two unalike sets of numbers.

      If he’d looked at the disposable income per household the story would have been different because many of the costs of a household are inflexible fixed costs – they do not change according to the number of people in the household. So individual disposable income rose and got sucked up in increased costs of living because of changing housing patterns. Of course the family sizes are smaller. But also when was the last time you ran across a family with say 3 adult kids contributing? If they’re at home, then they’re a burden doing tertiary.

      Everything else he says is simply political bullshit unsupported by any evidence and an argument presented as slogans.

      In short, a neolib wanking.

      • Quoth the Raven 4.2.1

        If he’d looked at the disposable income per household the story would have been different because many of the costs of a household are inflexible fixed costs they do not change according to the number of people in the household. So individual disposable income rose and got sucked up in increased costs of living because of changing housing patterns. Of course the family sizes are smaller. But also when was the last time you ran across a family with say 3 adult kids contributing? If they’re at home, then they’re a burden doing tertiary.

        If that’s your argument show me the numbers on living costs over the last few decades.

          • loota 4.2.1.1.1

            The rich poor gap is shrinking in terms of home appliances? That’s a really bizarre 1960’s style measure of ‘living standard’. I have to seriously question the validity; OK you own a cheap as **** made in China 32″ LCD TV worth $749 great tick that box, but you can’t put together a $40,000 deposit for a basic house in Auckland, both yourself and your spouse have to work full time jobs but you still can’t send your kids to university without them accruing a huge amount of student debt. But all the while those at the top end rake accumulate more and more capital year by year and also benefit hugely from tax breaks. This while others struggle to lift their net financial worth above zero.

            But OK you got your cheap-ass LCD TV, probably on a payment plan, so the rich poor gap is shrinking. Yipppeeee.

        • lprent 4.2.1.2

          That was his argument on number of people in the house, not mine. I just looked at the obvious hole (disposable vs absolute income) in it with the brief glimpses of US stats offered (the only verifiable fact or even argument that was offered).

          You offered the critique – you prove it is correct if you want it to be considered as something that shouldn’t be challenged. There is an artform to offering video ‘essays’. If I look at something like the “Weekly Crock” I can track straight back from the sources on the screen back to the sources using Google.

          This idiot didn’t reference what he was using as “evidence” in any form that I could track back to. Effectively he made assertions without a backing context. I’ll treat him as the fool he seems to think that you are….

          But if you look at the single biggest cost in a household, the cost of finance either as mortgage or rent. It doesn’t depend on the number of people living in a house. It depends on the size and location of the house. That is largely inflexible after purchase until sale, typically separated by decades.

          • Quoth the Raven 4.2.1.2.1

            He doesn’t deny that household incomes have stagnated, but you can’t blame ‘neolibs’ for households getting smaller.

            The places he got the wage data from was right there on the screen. It’s government data.

    • Zorr 4.3

      THE STUPID! IT BURNS!

  5. rainman 5

    I like their version of the Rifkin talk on empahty, here: http://www.youtube.com/watch?v=l7AWnfFRc7g
    Kinda like Bob Thurman’s TED talk about how modern connectedness is making us all into buddhists.

  6. deemac 6

    it’s a bit hopeful expecting a closely argued critique in 10 mins!

    • loota 6.1

      Did you mean thirteen and a half minutes?

      I’m sure a pretty damning critique could be made in that time if one had something of vital substance to communicate…

Links to post

Recent Comments

Recent Posts

  • Tokelau Language Week reminds us to stay united and strong
    Staying strong in the face of challenges and being true to our heritage and languages are key to preserving our cultural identity and wellbeing, is the focus of the 2020 Tokelau Language Week. Minister for Pacific Peoples, Aupito William Sio, says this year’s theme, ‘Apoapo tau foe, i nā tāfea ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020
    New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020 Hon David Parker’s response following Thomas Piketty and Esther Duflo. Good morning, good afternoon, and good evening, wherever in the world you might be. I first acknowledge the excellent thought provoking speeches of Thomas Piketty and Esther ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Kaipara Moana restoration takes next step
    A Memorandum of Understanding has been signed today at Waihāua Marae between the Crown, local iwi and councils to protect, restore and enhance the mauri of Kaipara Moana in Northland. Environment Minister David Parker signed the document on behalf of the Crown along with representatives from Ngā Maunga Whakahī, Ngāti ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • New Zealand and Uruguay unite on reducing livestock production emissions
    Agriculture Minister Damien O’Connor and Uruguayan Minister of Livestock, Agriculture and Fisheries Carlos María Uriarte have welcomed the launch of a three-year project that will underpin sustainable livestock production in Uruguay, Argentina, and Costa Rica.  The project called ‘Innovation for pasture management’ is led by Uruguay’s National Institute of Agricultural ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • 3100 jobs created through marae upgrades
    Hundreds of marae throughout the country will be upgraded through investments from the Provincial Growth Fund’s refocused post COVID-19 funding to create jobs and put money into the pockets of local tradespeople and businesses, Regional Economic Development Minister Shane Jones and Māori Development Minister Nanaia Mahuta have announced. “A total ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Health volunteers recognised in annual awards
    Health Minister Chris Hipkins has announced 9 teams and 14 individuals are the recipients of this year’s Minister of Health Volunteer Awards.  “The health volunteer awards celebrate and recognise the thousands of dedicated health sector volunteers who give many hours of their time to help other New Zealanders,” Mr Hipkins ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Community COVID-19 Fund supports Pacific recovery
    The Minister for Pacific Peoples, Aupito William Sio says a total of 264 groups and individuals have successfully applied for the Pacific Aotearoa Community COVID-19 Recovery Fund, that will support Pacific communities drive their own COVID-19 recovery strategies, initiatives, and actions. “I am keen to see this Fund support Pacific ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Community benefits from Māori apprenticeships
    Up to 50 Māori apprentices in Wellington will receive paid training to build houses for their local communities, thanks to a $2.75 million investment from the Māori Trades and Training Fund, announced Employment Minister Willie Jackson today. “This funding will enable Ngāti Toa Rangatira Incorporated to provide its Ngā Kaimahi ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Training fund supports Māori jobseekers
    Rapidly growing sectors will benefit from a $990,000 Māori Trades and Training Fund investment which will see Wellington jobseekers supported into work, announced Employment Minister Willie Jackson today. “This funding will enable Sapphire Consultants Ltd. to help up to 45 Māori jobseekers into paid training initiatives over two years through ...
    BeehiveBy beehive.govt.nz
    3 weeks ago