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The Question of Debt in Our Lives
Manage episode 384048966 series 3488001
[S5.5 E07] The Question of Debt in Our Lives
Stay connected with the latest news from Politics in Motion. Join our mailing list today: https://www.politicsinmotion.org
Last week Professor Harvey pointed out that the basic means by which consumerism is developed in such a way is to be consistent with the growth of an economy based upon profit seeking was to expand indebtedness. But it turns out that the credit system and the circulation of interest-bearing capital on the development of indebtedness has another very strong role. And therefore there is a double force which is concentrating upon the credit system. And that double force is related to the fact that increasingly in the history of capital, capital has required more and more fixed capital, fixed capital within the factory in the form of machines and plant and all the rest of it, but also fixed capital of what Marx called fixed capital of an independent kind - that is fixed capital that would be used in common. Professor Harvey traces the development of fixed capital and the credit system to understand the financialization of our economy today.
David Harvey's Anti-Capitalist Chronicles is co-produced by Politics in Motion. Politics In Motion is a nonprofit organization founded in May 2023 by Prof. David Harvey and Prof. Miguel Robles-Durán, along with Dr. Chris Caruso, instructional technologist, and noted writer and art curator Laura Raicovich. Our anti-capitalist media platform offers piercing insights and thought-provoking analyses on political, social, spatial, cultural, environmental and economic issues through a range of engaging mediums, including YouTube streams, podcasts, and live events.
If you would like to support this project and see more of Prof. Harvey, visit us at:
https://patreon.com/PoliticsinMotion
__________________________________________________________________________
David Harvey's lastest book "A Companion to Marx's Grundrisse" (Verso 2023):
https://www.versobooks.com/products/2930-a-companion-to-marx-s-grundrisse
__________________________________________________________________________
Follow Politics in Motion:
Website: https://www.politicsinmotion.org
Patreon: https://patreon.com/PoliticsinMotion
YouTube: https://www.youtube.com/@PoliticsInMotion
Instagram: https://www.instagram.com/politicsinmotion
TikTok: https://www.tiktok.com/@politicsinmotion
Twitter: https://twitter.com/politicsnmotion
Facebook: https://www.facebook.com/people/Politics-in-Motion/100092557227878/
Threads: https://www.threads.net/@politicsinmotion
Follow David Harvey:
Website: http://davidharvey.org
Twitter: https://twitter.com/profdavidharvey
BlueSky: https://davidharvey.bsky.social
Mastodon: https://sciences.social/@DavidHarvey
#profit #capital #finance #consumerism
14 episoade
Manage episode 384048966 series 3488001
[S5.5 E07] The Question of Debt in Our Lives
Stay connected with the latest news from Politics in Motion. Join our mailing list today: https://www.politicsinmotion.org
Last week Professor Harvey pointed out that the basic means by which consumerism is developed in such a way is to be consistent with the growth of an economy based upon profit seeking was to expand indebtedness. But it turns out that the credit system and the circulation of interest-bearing capital on the development of indebtedness has another very strong role. And therefore there is a double force which is concentrating upon the credit system. And that double force is related to the fact that increasingly in the history of capital, capital has required more and more fixed capital, fixed capital within the factory in the form of machines and plant and all the rest of it, but also fixed capital of what Marx called fixed capital of an independent kind - that is fixed capital that would be used in common. Professor Harvey traces the development of fixed capital and the credit system to understand the financialization of our economy today.
David Harvey's Anti-Capitalist Chronicles is co-produced by Politics in Motion. Politics In Motion is a nonprofit organization founded in May 2023 by Prof. David Harvey and Prof. Miguel Robles-Durán, along with Dr. Chris Caruso, instructional technologist, and noted writer and art curator Laura Raicovich. Our anti-capitalist media platform offers piercing insights and thought-provoking analyses on political, social, spatial, cultural, environmental and economic issues through a range of engaging mediums, including YouTube streams, podcasts, and live events.
If you would like to support this project and see more of Prof. Harvey, visit us at:
https://patreon.com/PoliticsinMotion
__________________________________________________________________________
David Harvey's lastest book "A Companion to Marx's Grundrisse" (Verso 2023):
https://www.versobooks.com/products/2930-a-companion-to-marx-s-grundrisse
__________________________________________________________________________
Follow Politics in Motion:
Website: https://www.politicsinmotion.org
Patreon: https://patreon.com/PoliticsinMotion
YouTube: https://www.youtube.com/@PoliticsInMotion
Instagram: https://www.instagram.com/politicsinmotion
TikTok: https://www.tiktok.com/@politicsinmotion
Twitter: https://twitter.com/politicsnmotion
Facebook: https://www.facebook.com/people/Politics-in-Motion/100092557227878/
Threads: https://www.threads.net/@politicsinmotion
Follow David Harvey:
Website: http://davidharvey.org
Twitter: https://twitter.com/profdavidharvey
BlueSky: https://davidharvey.bsky.social
Mastodon: https://sciences.social/@DavidHarvey
#profit #capital #finance #consumerism
14 episoade
Toate episoadele
×1 Revolt and Recession: The Global Crisis of Higher Education and Work 29:20
1 The Politics of Clans and Castes 42:48
1 World War 3: The Resonance of Unwritten History 29:51
1 Politics In Motion Live #1: From the Labor Theory of Value to Homelessness. Q&A with David Harvey and Miguel Robles-Durán. 1:02:46
1 Beyond Borders: Class, Nation & Nationalism 39:48
1 The Question of Debt in Our Lives 21:45
1 Where Does Profit Come From? 25:28
1 Mass and the Politics of Scale 23:53
1 The Return of McCarthyism (Part 2) — On The New York Times and other Liberal Media 26:00
1 The Return of McCarthyism (Part 1) 29:46
1 Capitalist Social Formation vs. OUR PLANET! 23:08
1 Workers Unite! Emancipation from the Capitalist Totality 28:39
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