[S5 E02] New
In this episode of Anti-Capitalist Chronicles, Prof. Harvey uses the diagram of capital’s circulatory processes, shared in the last episode, and applies it to the pressing issue of inflation today. Harvey draws parallels to how inflation was handled during the Reagan and Thatcher administrations, with austerity politics and the resulting reduced standard of living for the working class. These attacks on social expenditures were explained as necessary to curb inflation, yet there is much more to the story. By utilizing the framework of capital’s circulation within a capitalist mode of production, Harvey reveals the many possible causes of inflation and how public policy often has hidden intentions.
To download the diagram: https://www.dropbox.com/s/qcd7k6so6v4jhss/capitalism-cycle.pdf?dl=0
David Harvey's Anti-Capitalist Chronicles is a Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Learn about all the ways to support our work on our Donate page. Every donation counts! A special thank you to our devoted monthly donors (via both our website and Patreon) whose recurring contributions enable us to plan for the future.
SUBSCRIBE: Apple Podcasts | Google Podcasts | Stitcher
FOLLOW US: YouTube | Facebook | Instagram | [email protected] Twitter | DailyMotion
Follow David Harvey on Twitter: www.twitter.com/profdavidharvey
LEARN MORE: David Harvey's Anti-Capitalist Chronicles
Check out the Hardcover Edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! www.democracyatwork.info/books
“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of [email protected]’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly http://www.lulu.com/spotlight/democracyatwork
David Harvey's book "Anti-Capitalist Chronicles" is available at plutobooks.com