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-   -   David Harvey "The End of Capitalism" (http://www.politicalchat.org/showthread.php?t=8672)

VanishingPoi 02-04-2015 08:29 AM

David Harvey "The End of Capitalism"
 
If you have never seen this, it is worth watching.

https://www.youtube.com/watch?v=sSBNTgWnJ3c

VanishingPoi 02-04-2015 08:30 AM

I am interested in hearing what you think about it.

merrylander 02-04-2015 09:09 AM

I think he is right on but don't expect the capitalists here to ever start thinking as I truly doubt that they are capable of rational thought.

finnbow 02-04-2015 09:13 AM

Is there a Cliff Notes version?:D

While capitalism has its flaws, it's still the best way yet devised to allocate resources, though does require some degree of regulation.

Boreas 02-04-2015 09:25 AM

Quote:

Originally Posted by finnbow (Post 258625)
Is there a Cliff Notes version?:D

While capitalism has its flaws, it's still the best way yet devised to allocate resources, though does require some degree of regulation.

The principle resource that capitalism allocates is capital.

And we've seen where that leads.

John

finnbow 02-04-2015 09:30 AM

Quote:

Originally Posted by Boreas (Post 258629)
The principle resource that capitalism allocates is capital.

And we've seen where that leads.

John

Yep, better wealth creation and societal development than any other known methodology. It may have its warts, but it beats all known alternatives.

nailer 02-04-2015 10:14 AM

The warts are deadly to many without income redistribution, which cannot occur when the politicians and capitalists share the same bed.

donquixote99 02-04-2015 10:28 AM

Quote:

Originally Posted by nailer (Post 258633)
The warts are deadly to many without income redistribution, which cannot occur when the politicians and capitalists share the same bed.

Redistribution is a kludge. The idea is better distribution in the first place.

nailer 02-04-2015 10:39 AM

How would this better distribution idea work?

So you say you want a revolution...

Boreas 02-04-2015 10:42 AM

Quote:

Originally Posted by nailer (Post 258639)
How would this better distribution idea work?

So you say you want a revolution...

A large portion of it can be accomplished through the tax code and returning to a time when being paid in stock was illegal.

John


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