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  • Article: The Urban Roots of Financial Crises: reclaiming the city for anti-capitalist struggle - Reading Marx's Capital with David Harvey
    Unfortunately it also turns out to be an equally blind spot in Marxist political economy Property market booms and busts are inextricably intertwined with speculative financial flows and these booms and busts have serious consequences for the macro economy in general as well as all manner of externality effects upon resource depletion and environmental degradation Property booms and capitalist crises also refocus politics on the city as a terrain of anti capitalist struggle The history of urban struggles from the Paris Commune through the Shanghai Commune the Seattle General Strike The Tucuman uprising and the Prague Spring to the more general urban based movements of 1968 which we now see faintly echoed in Cairo and Madison is stunning But it is a history that is also troubled by political and tactical complications that have led many on the left to underestimate and misunderstand the potential and the potency of urban based movements to often see them as separate from class struggle and therefore devoid of revolutionary potential And when such events do take on iconic status as in the case of the Paris Commune they are typically claimed as one of the greatest proletarian uprisings in world history even as they were as much about reclaiming the right to the city as they were about revolutionizing class relations in production Share this Facebook Twitter Google Reddit Tumblr Email articles Previous post Video Christian Parenti in conversation with David Harvey Next post Arundhati Roy Walking with the Comrades followed by a discussion with David Harvey NYC Nov 9 Comments are closed About the Course A close reading of the text of Karl Marx s Capital in free video lectures by David Harvey Start here David Harvey is a Distinguished Professor of Anthropology Geography at the Graduate Center of the City University

    Original URL path: http://davidharvey.org/2011/10/article-the-urban-roots-of-financial-crises-reclaiming-the-city-for-anti-capitalist-struggle/ (2016-02-18)
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  • Karl Marx by Lionel Youst - Reading Marx's Capital with David Harvey
    I By lecture 3 I realized I needed to have the text and so I ordered the Penguin Classics edition of Capital Volume I and also David Harvey s Companion which is an expanded version of his lectures I consider the time I spent watching that fascinating series and reading those two books to be the most enlightening period of a lifetime trying to educate myself After the fall of the Soviet Union in 1989 the pundits all announced that Marx was dead of only historical interest from then on a big deal in his time but his time had past The world was in the midst of the great Reagan Thatcher roll back of social programs destruction of labor unions elimination of governmental regulations and the freeing of capital to flow easily across borders The setup allowed the compound growth that a capitalist mode of production requires to survive It brought a billion or so East Asian peasants into the sub minimum wage workforce which in turn brought real wages down in the developed world Consumption was bolstered by the low prices of Chinese manufactured goods available at Wal Mart and easy high interest credit on plastic The elimination of any restraints on global financial institutions permitted the legal fraud of so called sub prime loans and derivative markets In the United States benefits of that growth accrued almost entirely to the top ½ of one percent of households which have became more obscenely rich than they ever were while the lower 99 ½ percent of households barely held their own and most of them went down in real dollars The first contradiction of capitalism according to Marx is the class struggle which on a global scale is far more prominent today than it was in his time 150 years ago The top one half of one percent vs the rest of mankind is a real struggle But an even more prominent contradiction of capitalism shows up in the results of its need for compound growth accumulation for its own sake forever It is pretty obvious that the global environment will not sustain such growth forever you don t have to be a genius to know that there has to be an end to it Marx probably thought the capitalist mode of production would be replaced by a more socially responsible system much sooner before it became a global environmental issue He hadn t known that John Maynard Keynes and Roosevelt s New Deal and the European Social Democrats would save capitalism from itself by siphoning some of its surplus value into socially necessary programs thereby letting it limp along for another two or three generations It actually worked fairly well until the 1970 s when the Reagan Thatcher reversal began culminating in the crisis of 2008 which brought the issue to a head Nobody ever looked at the capitalist mode of production more clearly or more critically than Karl Marx He has a lot to say that rings

    Original URL path: http://davidharvey.org/2011/09/karl-marx-by-lionel-youst/ (2016-02-18)
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  • Feral Capitalism Hits the Streets - Reading Marx's Capital with David Harvey
    while pontificating unctuously about the loss of moral compass the decline of civility and the sad deterioration of family values and discipline among errant youths But the problem is that we live in a society where capitalism itself has become rampantly feral Feral politicians cheat on their expenses feral bankers plunder the public purse for all its worth CEOs hedge fund operators and private equity geniuses loot the world of wealth telephone and credit card companies load mysterious charges on everyone s bills shopkeepers price gouge and at the drop of a hat swindlers and scam artists get to practice three card monte right up into the highest echelons of the corporate and political world A political economy of mass dispossession of predatory practices to the point of daylight robbery particularly of the poor and the vulnerable the unsophisticated and the legally unprotected has become the order of the day Does anyone believe it is possible to find an honest capitalist an honest banker an honest politician an honest shopkeeper or an honest police commisioner any more Yes they do exist But only as a minority that everyone else regards as stupid Get smart Get Easy Profits Defraud and steal The odds of getting caught are low And in any case there are plenty of ways to shield personal wealth from the costs of corporate malfeasance What I say may sound shocking Most of us don t see it because we don t want to Certainly no politician dare say it and the press would only print it to heap scorn upon the sayer But my guess is that every street rioter knows exactly what I mean They are only doing what everyone else is doing though in a different way more blatently and visibly in the streets Thatcherism unchained the feral instincts of capitalism the animal spirits of the entreprenuer they coyly named it and nothing has transpired to curb them since Slash and burn is now openly the motto of the ruling classes pretty much everywhere This is the new normal in which we live This is what the next grand commission of enquiry should address Everyone not just the rioters should be held to account Feral capitalism should be put on trial for crimes against humanity as well as for crimes against nature Sadly this is what these mindless rioters cannot see or demand Everything conspires to prevent us from seeing and demanding it also This is why political power so hastily dons the robes of superior morality and unctuous reason so that no one might see it as so nakedly corrupt and stupidly irrational But there are various glimmers of hope and Light around the world The indignados movements in Spain and Greece the revolutionary impulses in Latin America the peasant movements in Asia are all beginning to see through the vast scam that a predatory and feral global capitalism has unleashed upon the world What will it take for the rest of us to see

    Original URL path: http://davidharvey.org/2011/08/feral-capitalism-hits-the-streets/ (2016-02-18)
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  • The Vote to End Capitalism - Reading Marx's Capital with David Harvey
    peculiar looking economy There are some variants on this argument Thomas Malthus for example divided the bourgeoisie into capitalists who produce and landed aristocrats parsons like himself and venal state officials including the monarchy whose great and virtuous service to society was to consume to the hilt without producing anything Keynes an admirer of Malthus later suggested that workers could help provided they were paid more a proposition that the right wing converts into greedy unionized workers who not only square the circle but push it into an inflationary spiral But let s stick with Marx s simple version how do capitalists both consume and pay for the surpluses they have been instrumental in getting labor to produce The surplus can be consumed in two ways as capitalists personal consumption or through investment in expansion hiring more laborers and purchasing more means of production The latter implies perpetual growth and accumulation of capital over time It also conveniently means that the demand for expansion tomorrow can absorb the surplus product created yesterday But there is a timing problem here the expansion the next day does not realize its profit in money form until the end of that day when the money was needed yesterday to purchase the surplus then produced The only answer is credit money backed by the promise of future expansion of surplus production This is what allows the circle to be squared provided of course the future expansion actually occurs If not we have a crisis in which the debt cannot be paid Capitalism is Marx concludes one vast speculative system The perpetual accumulation of capital and of wealth is therefore crucially dependent upon the perpetual accumulation and expansion of debt These two variables accumulation of capital and the accumulation of debt have in fact run alongside each other in the history of capitalism go look at the data both feeding and supporting each other They occasionally get out of sync to create a crisis of the sort recently witnessed What looks like a crisis of Greek sovereign debt is in fact a crisis of the financial system which arises because of a failure to find new ways to expand the surplus through reinvestment A startling conclusion follows A vote against further debt creation is a vote to end capitalism Fortunately or unfortunately depending upon one s political point of view the Koch Brothers and the Republican Party cannot see that Marx had always hoped that rebellious workers might end capitalism So far they have not succeeded So maybe the Koch brothers and the Republican Party can succeed where the workers have so far failed Marx might not have been too surprised at that As he also gleefully noted individual capitalists operating in their own self interest often take actions that collectively threaten the continuity of capitalism as a whole It is unlikely of course that the Republicans will stick to this crusading mission for very long When in power their record is very different The Reagan

    Original URL path: http://davidharvey.org/2011/07/the-vote-to-end-capitalism/ (2016-02-18)
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  • Nice day for a revolution: Why May Day should be a date to stand up and change the system - Reading Marx's Capital with David Harvey
    left and right the media the universities the law to say nothing of the repressive state apparatus and international institutions The democracy of money power now rules A global plutocracy exerts its will almost everywhere unchallenged So what is there to celebrate We would not of course have what we still have now from pensions to the remnants of reasonable health care and public education had it not been for the labour movement But waxing nostalgic over the undoubted achievements and heroism of the past will get us nowhere May Day should therefore be about relaunching a revolutionary movement to change the world The very thought of doing that even just saying it and writing it down is as exhilarating as it is astonishing Read the full article at The Independent Share this Facebook Twitter Google Reddit Tumblr Email articles Previous post The Enigma of Capital Released in Paperback in UK Next post Forgotten Spaces A Film Screening and Conversation with Allan Sekula and David Harvey Comments are closed About the Course A close reading of the text of Karl Marx s Capital in free video lectures by David Harvey Start here David Harvey is a Distinguished Professor of Anthropology Geography at the Graduate Center of the City University of New York CUNY and the author of numerous books He has been teaching Karl Marx s Capital for over 40 years Read his CV Help keep these open courses online donate Help make the course accessible in other languages translation project Web hosting by Reclaim Hosting Questions or comments about this site contact webmaster credits Twitter My Tweets Recent Books The Ways of the World Profile Books UK 2016 The Ways of the World Oxford University Press US 2016 Seventeen Contradictions and the End of Capitalism Profile Books UK 2014

    Original URL path: http://davidharvey.org/2011/04/nice-day-for-a-revolution-why-may-day-should-be-a-date-to-stand-up-and-change-the-system/ (2016-02-18)
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  • Video: Cities as Sites of Resistance and Hope - David Harvey in Athens, June 20 2012 - Reading Marx's Capital with David Harvey
    Crisis of Capitalism and the Urban Struggle David Harvey in Istanbul June 2012 Comments are closed About the Course A close reading of the text of Karl Marx s Capital in free video lectures by David Harvey Start here David Harvey is a Distinguished Professor of Anthropology Geography at the Graduate Center of the City University of New York CUNY and the author of numerous books He has been teaching Karl Marx s Capital for over 40 years Read his CV Help keep these open courses online donate Help make the course accessible in other languages translation project Web hosting by Reclaim Hosting Questions or comments about this site contact webmaster credits Twitter My Tweets Recent Books The Ways of the World Profile Books UK 2016 The Ways of the World Oxford University Press US 2016 Seventeen Contradictions and the End of Capitalism Profile Books UK 2014 Seventeen Contradictions and the End of Capitalism Oxford University Press US 2014 A Companion to Marx s Capital Volume 2 Verso 2013 Rebel Cities From the Right to the City to the Urban Revolution Verso 2012 More books Podcasts Subscribe to a course as a video or audio podcast with iTunes Choose M4V

    Original URL path: http://davidharvey.org/2012/06/video-cites-as-sites-of-resistance-and-hope-david-harvey-in-athens-june-20-2012/ (2016-02-18)
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  • Video: The Crisis of Capitalism & Urban Struggle - David Harvey in Ankara June 2012 - Reading Marx's Capital with David Harvey
    Struggle David Harvey in Istanbul June 2012 Next post Upcoming London Speaking Dates Comments are closed About the Course A close reading of the text of Karl Marx s Capital in free video lectures by David Harvey Start here David Harvey is a Distinguished Professor of Anthropology Geography at the Graduate Center of the City University of New York CUNY and the author of numerous books He has been teaching Karl Marx s Capital for over 40 years Read his CV Help keep these open courses online donate Help make the course accessible in other languages translation project Web hosting by Reclaim Hosting Questions or comments about this site contact webmaster credits Twitter My Tweets Recent Books The Ways of the World Profile Books UK 2016 The Ways of the World Oxford University Press US 2016 Seventeen Contradictions and the End of Capitalism Profile Books UK 2014 Seventeen Contradictions and the End of Capitalism Oxford University Press US 2014 A Companion to Marx s Capital Volume 2 Verso 2013 Rebel Cities From the Right to the City to the Urban Revolution Verso 2012 More books Podcasts Subscribe to a course as a video or audio podcast with iTunes Choose M4V

    Original URL path: http://davidharvey.org/2012/06/video-the-crisis-of-capitalism-urban-struggle-david-harvey-in-ankara-june-2012/ (2016-02-18)
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  • NYC Events - Reading Marx's Capital with David Harvey
    Verso launches David Harvey s Rebel Cities with Brian Lehrer appearance CUNY Grad Center discussion with David Graeber Share this Facebook Twitter Google Reddit Tumblr Email books lectures Previous post Upcoming Speaking Engagements in London Bristol Next post Audio From Interview on Brian Lehrer Show Comments are closed About the Course A close reading of the text of Karl Marx s Capital in free video lectures by David Harvey Start here David Harvey is a Distinguished Professor of Anthropology Geography at the Graduate Center of the City University of New York CUNY and the author of numerous books He has been teaching Karl Marx s Capital for over 40 years Read his CV Help keep these open courses online donate Help make the course accessible in other languages translation project Web hosting by Reclaim Hosting Questions or comments about this site contact webmaster credits Twitter My Tweets Recent Books The Ways of the World Profile Books UK 2016 The Ways of the World Oxford University Press US 2016 Seventeen Contradictions and the End of Capitalism Profile Books UK 2014 Seventeen Contradictions and the End of Capitalism Oxford University Press US 2014 A Companion to Marx s Capital Volume 2 Verso

    Original URL path: http://davidharvey.org/2012/04/nyc-rebel-cities-events/ (2016-02-18)
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