Real Estate Saves Capitalism Then Bursts – China Next?
Sunday, July 17th, 2011 at
8:58 pm
David Harvey: Chinese urbanization, construction and real estate speculation is saving global capitalism - will it burst as in the US?
Tags: real estate capitalism, economy, real estate, china, capitalism, profit from china real estate burst, capitalism on real estate, bubble, speculation, is china a mostly socialist economy or capitalist?, capitalism in real estate market, capitalist solution to us economy
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Harvey is great, more videos like this!
I recently read some of Harvey's work and was so (O_o) disgusted. Yes, his writings have good parts: The good old insights from the left.
But Harvey borders on hypocrisy: He paints EU/US based globalization as a diffuse & self-propelling process whereas China is practicing neo-imperialism instead; His books aren't accessible (to working people) etc etc. Also, Harvey's ecstatic celebration of the generation of 68 is abhorrent (the 'generation-of-68' opened the door for neo-liberalism T_T).
Great Video. Thanks!
@capslockbandit no, the market wouldn't have bothered to build it at any cost - the market was stable without those levels of innovation. The market doesn't seek automatic improvement & in some cases there has not been improvement either. Depends on the situation with computing. The market can easily seek to keep us all at barter-trades with no automation & decide that's stable. You can't decide, at any time, a market would do something better, cheaper or at all.
@daveruda I have no delusions that there are corrupt and unethical capitalists but lumping them all together is fallacious and it is disingenuous to advocate the very behavior you are against as the solution, ie exploiting them and stealing by force. I will protect this "rotten" system, much like I do democracy because they are the least flawed systems we've discovered that benefit the greatest number of people.
@daveruda In the real world making ourselves collectively smarter with better computers and keeping us alive much longer with new and advancing medical technology and increasing our wealth is very important and has a profound impact on quality of life. Free education for everyone is available on the web. If you think this has no effect on the quality of life of the people of this planet you are very wrong. I own thousands of products in my house, 0 produced by the government.
@capslockbandit its not some fantasy world were a new computer equals better quality of life. History shows how some of them got rich by stabbing or scratching the right peoples backs. They used other peoples labour to get rich, they exploited and corrupted governments that install dictatorships and use military force to steal other peoples resocurces. Global poverty have improved mostly as a result of internal policies in China and increased elseware...dont protect someting this rotten!
@ytgv3fc7 I like that analogy.
@ytgv3fc7 Yes but the market would have produced the same technology at a fraction of the cost. Just because the govt can commandeer billions and dump it on NASA or the military and then some some small percentage actually produces valuable tech does not mean it is the best choice for our society. Battleships are the perfect example, billions and the resources to construct them, now we have an armada. But this doesn't show anything about what we COULD have had or built instead, in its place.
@capslockbandit the military funded most of what's in your computing & cell phones, the market (not a free market) was secondary & controlled from day 1.
@lordblazer the USA does not even come close to feeding half the world if all the food it made was given away. No one ever at any time produces 3 times the world's food - that sham has been exposed 100 times by the UN.
@capslockbandit "by pulling another few billion people out of poverty over the past few decades. "
Fraud.
Most of those people were not poor before, they were well taken care of in their needs then they were robbed BY capitalists.
Ethiopia is a good example.
@LazarusCato left to itself it will but we can do more. By having only personal actions on the capitalist system, an intermediary of anti-fraud measures and finally a collectivist allocation on top of that, we can defeat the problem. This is the same as how cells can co-operate to make multi-cellular life yet there must be an immune system intermediary to ensure invaders & failures are destroyed. Accumulation is not the problem: fraud is. Accumulation on its own can be safe.
Thanks a lot .
Excellent interview!
@schmoukiz
You'ved lived in a classless, stateless community society structured upon common ownership of the means of production, free access to articles of consumption, and the end of wage labour and private property in the means of production and real estate? No?
100 million deaths? Where did you get these figures from? The black book of Communism?
smart guy
@Cookaloka The difference between me and you is you read about communism and think it's cool, I've lived under it and know it's not.
Maybe communism works in Fairyland, maybe it did miracles for Martians. On planet Earth, it's been tried for a century, with different nations that total one third of world population and half the land and resources. It produced over 100 million deaths. I believe the sample group for the experiment was enough for +medium IQ people to conclude it's a bad idea.
@nesNYC Fascist corporatism is the definition of Free market captialism. Free Market is a BS term.
@Cookaloka captalialism is regulated. we have corporatism which is not regulated.
@Christ724 *an
David Harvey is great! His insight is extremely valuable. Although I don't agree with everything Marxists say, they do offer and interesting perspective in their critique of capitalism.
Great interview!Bring this chap back for more!
@schmoukiz
You have no idea what Socialism is do you? Socialism is giving power to the working people and havign the working class gain control of industry.
Communist failure?
1. There are no Communist states, it's impossible. Communism aims for a stateless, classless society where property is commonly owned by everyone.
2. China is mostly capitalist now. "Socialism" with Chinese characteristics was to turn the Chinese economy from a state capitalist one to a market capitalism
Juche
I wonder how poor people need to get before they eat the rich.