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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On point! Needs to be a basic part of the first day of hi school/freshman college sociology and economics classes with a little "where do we go from here" guidebook for students and community/workingfolk.
Great. A difficult subject presented with humour and vision.
@ shaftoe
Actually marxist economists have been predicting this crisis for the last few years, and this crisis is due to the fetters of overproduction and the tendency of the rate of profit to fall, both key aspects of a capitalist economy which removal of govt. barriers would do nothing to eradicate.
Would RSA please invite someone who correctly forecast the financial crisis's arrival rather than a bunch of know-nothing socialist academic shills. The Austrian Economists have been warning of this for a decade or longer: Nassim Nicholas Taleb, Marc Faber, Peter Schiff, Von Mises Institute, et al. All too often, such as in this last video, the Austrians are marginalized and misquoted, but if you go back and read Hayek or watch videos of any of the others, you'd see precisely we're in the mess we're in. If all else fails, read Reinhart and Rogoff's "This time is different" which discusses the last eight centuries of financial crisis, and that this time is no different than the last. Government and monetary policy is the problem.