Money: The Great Corrupter - David Harvey

Is the economy recovering, or is the system itself the problem? Economist and philosopher David Harvey on money; which he calls "the great corrupter". Professor David Harvey is one of the world’s leading Marxist thinkers and most prolific writers on class warfare, capitalism, crisis and how we find our way out. Harvey has also coined key social movement concepts, such as the idea of "the right to the city". His latest book is Seventeen Contradictions and the End of Capitalism. Also on the show: a look at a meeting of movements as activists from Black Lives Matter travel to Palestine.

[jeffliu]

it is hard to see an old man at his 80's, still looking good, remaining his integrity without corrupted by the world; and still thinking in a unconventional, uncompromised way.
a lot of respect for Prof. Harvey

[MrSammo]

Great interview Laura. David Harvey senses what so many of us do.
It might be the right time to interview Jacque Fresco.

[pauloyih]

My salute this solidarity between the oppressed American blacks and the Oppressed Palestinians -  These are the signs of sensible humanity.

[NihouNi]

Now that Britain is looking for a new Prime Minister, I would like to nominate David Harvey.

[smyd]

I hope to god whoever mics David Harvey in videos in the future will turn up his volume

[littlebitstrouds]

This is like your third interview in a row where your audio is much higher than your guest.

[zachthebruce]

Excellent interview! We must use our imaginations to invent our utopian society...capitalism is a dying system and we humans can will do far better without it and the patriarchy, racism and greed it fosters.

[martinijazz]

12:50

I like the idea of use value v. exchange value as a kind of update of what Marx was talking about cause the "labour/capital" distinction can be kind of hard to visualize. Harvey's 17 Contradictions does a good job at making it accessible, especially Vol. 2's more technical stuff.

[earthandstraw]

Democratizing the money system is how we can deliver "use value" to the population. Most money now goes into speculation driving prices up into a bubble then they stop lending and the whole thing crashes as the big banks then collect the collateral...and the process begins again. How long must we allow this to go on without even recognizing the problem? Economics is exciting, not difficult or the 'dismal science, ' once you understand the difference between how the money works now and how it should work, the difference between privately issued money and publicly issued money, which has seldom ever been allowed. While the American Revolution was funded by publicly issued money and won militarily, it was lost monetarily.

[avedon]

Great thinkers like Harvey are what have made Venezuela the great success it is today.
Growth has been totally brought under control as of march 2018.

[rodjenkins]

What about adding a new audio or at least some subtitling. I can't hear it at all. What a waste!

[pauloyih]

Yes, when people are chanting of Palestine in Ferguson  Meaning the mass of the world are starting to realize who are the abusers and oppressors .

[jimtim]

Wow after watching this video I've decided that Central banking is great and I'm glad regime economists gaslight me into thinking it doesn't exist/it's transitory/it's a good thing.

[reyemO]

This beautiful woman speaks so nicely i could sleep all day

[ronhat-nxyq]

Using a bit of common sense and observation and 72 years that I have, the world, all of it, even farm labor, is becoming automated. We all have more products, better transportation, better medical and are better fed. Of course, all that is not equally distributed. The more it is automated, the more money is made by those who own the production facilities and this is what drives everything. And those same persons must sell their products or their money will actually decrease. As things are automated, workers are needed less so jobs are lost and those who have no pay can not buy as much. This is somewhat offset by population increases. More people need to buy more even though each person buys less. Even if new products are created, if they are made without workers, they cannot be sold. There is two things the wealthy factory owners can do, lower their price, so they can sell more or raise the price so they can make more and would not produce as much. If they raise their price, then the worker could even buy less and the factory owner would actually make less. He would price himself out of business. But if the owners lower their prices, the people would be able to purchase more so the owners would still make money. But capitalism means competition or does it? They may temporarily agree to set a price (Sherman Antitrust?) but before long that will fall apart or they can buy each other out or merge. But still it will always be a battle for them. And meanwhile the people will be restless. And Hungry! And mad!!

[antimattv]

David Harvey has a series called "The Anti-Capitalist Chronicles" on the YT channel "Democracy at Work". Check it out!

[rodericksloan]

Money the great corrupter shit thats new to me.

[patriceortovent]

Dominante bodies of power are dominante solely through the power of privately accumulated money power. The erosion of the value of money erodes money power itself. This of course worries the establishment and the banksters, since their power exists solely on such power. Banks are not elected bodies and are not popular establishments either, nor are the politicians serving their interests. Think about it and you will understand how close we are to the edge of massive movement for a change, not to protest which comes to nothing but to act for the abolition of what his oppressing us all. What is going to be the ideology to support it is still a big question, we are getting there though, it is based on the knowledge we work hard to acquire, the communication network available today helps in that direction. Propaganda does its works as well, it is designed to confuse and instilled false logic to divert the mind from the right thinking which brings right questions in turn demanding right answers. The class war is real, it expresses itself through the daily erosion of basic rights, of the judicial system, the corruption in political circles, the impoverishment of the population by the system of dispossession, the credit card system with exorbitant interest rates, the repressive forces of the state police, the cost of high rent and the price of foods, gas, petrol, electricity. These are direct attacks on the population by those who owns everything, means of production, distribution, allocation of credit to the rich, no loan to those who have no means to back up a loan for business. No national health cover, the list is long, very long and continues to escalate. Money rules the world now, which means the system in place is working for a tiny minority, you are not in it like George Carlin use to say in on of his show, he was right 100%. Yet, this merry go around can stop, it is us, the people who have this power to stop it, no money is needed, no sponsorship by big business, no bank loan either, simply the right knowledge to sort out the ideal necessary to motivate ourselves massively. Not an easy answer to this equation but not impossible to resolve either. Who will live will see.

[mclarenf]

Solutions was already available back then, check out 'venusproject'  'resource based economy' 'zeitgeist movement'. Jacque Fresco has excellent idea to all society problems. 

[YawnGod]

What the fuck was that second part? Where's your suit, Lamont?