Posts Tagged ‘financial crisis’

i believe that the video posted below should please many of those who for reasons that i cannot comprehend seem to be highly critical and dissatisfied with political, economic and social structures of modern capitalist societies and dream of revolutions which could bring some new order.

as for myself, i have very little enthusiasm for agitating radical reorganisation of present social, political or economic structures; what initially drew my attention to this video was the form in which social theorist David Harvey tried to convince the viewers to look beyond capitalism towards some new social order. the video is said to be based on lecture at the RSA (

without going into details i will only say that watching this truly enjoyable video brought to my mind one particularly sarcastic evaluation of harriet harman mastery over economics and finances published some time ago by the spectator:

“Finance gets Hattie in a terrible twist. She sounds like a four-year-old explaining space travel to a pretend friend. Jargon and overheard half-concepts are mashed together in a confidently asserted jumble of bilge.”

one does not need a Ph.D. in economics to see that similar critique could be directed at David Harvey and his evaluation of capitalism as a root of all social ills. in any case, regardless of it’s shortcomings Harvey’s brilliant presentation does have some positive value for it revels moralistic and totalitarian character of Marxist critiques of free market principles. this notion is very strongly pronounced in the last few minutes of the video when author makes number of judgemental, moralistic and highly controversial statements in relation to wealth which could be accumulated by some individuals in a free market economies. these envious and highly negative statements are followed by a picture of a man in black suit locked up behind the bars which closes Harvey ‘s argument!

one might wonder whether this could be seen as appropriate way to ensure that we live within a system that is “responsible, just, and humane?”

i have some reservations about this

update [18 Jul 2010 23:13]:

and I guess I am not the only one. here’s more detailed critique of harvey’s marxian argument:

I don’t think everything is so clear cut but overall thumbs up.