In this short RSA Animate, radical sociologist 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 could be responsible, just and humane. View his full lecture at the RSA. Download a transcript of this video (pdf).
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Brilliant! I've just discovered these animates, they are mint!
His brief comment on the fact that Americans don't strike because they have to pay mortgages is right on. One thing I would like to add, though, is that in addition to solving the demand problem with credit cards, banks also utilized pension/retirement funds. This is perhaps even more nefarious than consumer credit.
Thanks for the post.
So the capitalisation of socialism has failed?
At last some common sense, excellent presentation! Its time we looked for a new economic model. As technology continues to do away with jobs, governments will face growing social unrest until they establish a basic living wage, or credits, so that everyone in the community has their basic needs. Those with jobs will have additional income, but we have to look to share the resources, food, clothing, shelter, regardless of whether people have work, because we have massive production capabilities that no longer require masses of people! Capitalism, or a similar form of free market economy could operate on top of a basic shared-resource for everyone system, which would have to be paid for by existing business/factory owners through taxation (resource sharing) and clearly the issue then becomes population! I can see a model developing along those lines whether we do anything or not!
Have you read James Robertson on monetary reform? It's extremely relevant, in particular in relation to the explosion of credit.