[S3 E15] New
In this episode of ACC, Prof. Harvey talks about the changing dynamics of capital accumulation since Marx's analysis in the Grundrisse. The disempowerment of workers as part of the Neoliberal strategy of the 1980s to the present day, led to declining wages and standard of living for workers, but an increase in surplus capital and wealth for corporation and wealthy elites. Military expenditures (military Keynesianism) and fixed capital - what Harvey calls "mindless urbanization"- become sinks for disposing overaccumulating capital.
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Later this fall, I will be delivering a series of lectures over Zoom hosted by the Henry George School of Social Science in New York. The theme of these lectures will be: “Henry George, Karl Marx and Their Follows: A Century of Sometimes Intense Debate.” There is much to this story that is useful to us today as those of use who are critical of existing socio-political arrangements and institutions and argue for a just balance between rights to property and the protection of fundamental human rights.