David Harvey "The End of Capitalism"

[VanishingPoi]

If you have never seen this, it is worth watching.

https://www.youtube.com/watch?v=sSBNTgWnJ3c

[VanishingPoi]

I am interested in hearing what you think about it.

[merrylander]

I think he is right on but don't expect the capitalists here to ever start thinking as I truly doubt that they are capable of rational thought.

[finnbow]

Is there a Cliff Notes version?

While capitalism has its flaws, it's still the best way yet devised to allocate resources, though does require some degree of regulation.

[Boreas]

Originally Posted by finnbow

Is there a Cliff Notes version?

While capitalism has its flaws, it's still the best way yet devised to allocate resources, though does require some degree of regulation.

The principle resource that capitalism allocates is capital.

And we've seen where that leads.

John

[finnbow]

Originally Posted by Boreas

The principle resource that capitalism allocates is capital.

And we've seen where that leads.

John

Yep, better wealth creation and societal development than any other known methodology. It may have its warts, but it beats all known alternatives.

[nailer]

The warts are deadly to many without income redistribution, which cannot occur when the politicians and capitalists share the same bed.

[donquixote99]

Originally Posted by nailer

The warts are deadly to many without income redistribution, which cannot occur when the politicians and capitalists share the same bed.

Redistribution is a kludge. The idea is better distribution in the first place.

[nailer]

How would this better distribution idea work?

So you say you want a revolution...

[Boreas]

Originally Posted by nailer

How would this better distribution idea work?

So you say you want a revolution...

A large portion of it can be accomplished through the tax code and returning to a time when being paid in stock was illegal.

John