18 thoughts on “'Visualizing Capital' with Professor David Harvey

  • As amusing as David’s tail chasing verbiage is – it is still embeds Karl's anti-Semitic premise. There will always be the sad “believers” (and victims of) in Karl’s anti –Semitic “economic/social” theories, and they will always fail.

    Marxism is racism, his seminal 1844 essay “ On the Jewish Question” lays bare Kooky Karl’s virulent anti-Semitic racism. Karl spent the rest of his life promoting his nutty economic and social theories that were nothing but thinly veiled anti-Semitic, Christophobic bigotry.

    Karl’s incoherent writings model a rhetorically closed self-justifying system, subjective definitions, an absence of natural economic or independent price signals, lack of internal consistency, the pagan wackiness of “historical materialism”, sectarian intolerance, racism, anti-Semitism a series of rather glaring epistemological problems and so on.It was just so much egocentric nuttiness- still appeals to nutty people today.

    Most informed people are aware Poor old Karl, led a sad self-indulgent life, as an unemployable drunk, a fraudulent “researcher”, a rapist (ask the maid), a never bath "smelly" guy, and out right racist who’s life’s work was dreaming up new ways of updating ancient anti-Semitic prejudice with veiled 19c economic, social class mumbo jumbo, ( labour theory of value anyone?) , and a big dose of delusional utopianism as the eschatological desert, (see Nathaniel Weyl’s book, “Karl Marx: Racist”).

    Marxism is just nutty as a social or economic “theory”, at the core it is all based on kooky Karl’s anti-Semitic racism. He hated Jews and Judeo-Christian people, today his zombie like cult followers (cultural marxists, the politically correct, social progressives, social “justice” narcissists and out and out satanists ) carry on his racist work, they all hate Israel, Jewish and Christian people and promote “historical materialism” as secular hegemony and their hate based, envy theft cultures … some things never change.

    The best lack all conviction, while the worst
    Are full of passionate intensity. W,B. Yeats

  • Co-operation is a human universal. The people who don't co-operate within one structure co-operate within another. The people who isolate themselves from others are rear and die early.

  • "Free gifts of nature: from extraction of raw resources are a fiction. Nothing is free that comes from the earth. Even water has a cost of ownership, extraction, transportation, and utilization.

  • Very interesting work by David Harvey. It's good that he chose the water cycle as a comparison. In fact, the capitalist system isn't that different. Both systems get energy from the sun. Of course, capitalism also gets energy from fossil fuels, there is a great variety of materials flowing through the system, and capital itself is partly an abstract construction of social relations. The water cycle is much simpler, it gets all it's energy from the sun, and all you need to keep a look at is H2O.

    Both systems have elements of matter which create a cyclical factor, and elements of energy which create an "arrow" factor. Energy is not cyclical, and the sun constantly inputs energy into our planet, making life possible. Neil Faulkner explains history as simultaneous cycles and arrows, and this approach can be applied here as well. Cycles and arrows together form spirals, so both the water cycle and capitalism are actually spiral systems. The spiral nature of history has actually been acknowledged in Marxism for a long time. However, "spiralling out of control" is a dubious statement, because capitalism is both planned and spontaneous at the same time. It can't exist without one or the other. Just look at U.S. imperialism, constantly planning for where to plunder next. What we simply need to do now is to take the spiral to the next level, establish global communism which means democratically planned resource-based economy. To achieve that, we should be fighting the bourgeoisie, not just sitting around in lecture halls.

  • The notion of debt peonage is critical. Mainstream economists miss this because they do not care for debt and credit ("One person's debt is another person's asset" as per Paul Krugman). They also miss this because debt is more of a social, rather than a market, relationship, and most economists come profoundly unequipped to comprehend the social aspects of the economy.
    Economists also do not study history, otherwise they will probably realize that the current "innovative" economic system is not really that new or innovative. Credit based economies existed thousands of years ago and were usually surrounded by a system of debtor protection, or, resulted in social struggles and violence (forgot the historian's name, but there was one who said that all revolts in ancient history had 1 agenda: cancel the debts and redistribute the land).
    Currently, our system has the exactly opposite nature: instead of protecting debtors from predatory practices that reduce them to slavery and debt peonage, we have global bureaucratic systems that protect creditors by insisting, and enforcing (emphasis on forcing) rules that demand that debtors repay debts by all means necessary. Examples: World Bank, IMF, WTO, etc.
    These are not my ideas, I'm paraphrasing David Graeber's book on Debt. A must read in the 21st century.

  • >David Harvey complains that Marx gets misrepresented by many Marxists
    >While he misrepresents Marx frequently himself (e.g. his rejection of Marx' LTRPF-based crisis theory,)
    Nonetheless, I appreciate his effort to visualize Marx's theories.

  • I have a plan to translate Alexander von Humboldt's KOSMOS as a classic of Natural History, evolution theory and ecology and environmental studies.

  • There is great work that has been done by Marxist economist and Modern Monetary theorist Michael Hudson in "Killing the Host" and "J is for Junk Economics", that intricately describes the role that finance plays in destroying the capitalist system.

  • As a Japanese geographer and 4D-mapper and archivist, who read Marx's Capital from volume 1 to volume 3 throughly 40 years ago in Japanese, I have realized old maps in an unified coordinate system- CAD-Globe, with 3D- aerial photos,as historical reality, to visualize economical and political status as land administration system, imaging capitalism growth. So I would like to learn Visualizing Capital.

  • This was awesome talk. Especially the last part where prof. Harvey talked about wages. We can see how that can be manipulated. If a government passes a bill on higher wages then e.g. your IT provider can charge you higher price for consumer services. At that point that wage increase did absolutely nothing. Maybe this is part of the claim that capitalism is structural oppression. Getting out of it will be very difficult. Thanks for the upload though.

  • this really is wildly interesting, especially near the end when he talks about noble policy goals that can be hijacked if other parts of the system arent addressed. I wish there was a way to make people sit through this and watch it all

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