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General Category => General Discussion => Topic started by: Confederate Kahanist on June 30, 2010, 11:02:04 PM

Title: Crisis of Capitalism, The Critique
Post by: Confederate Kahanist on June 30, 2010, 11:02:04 PM

Lee dorens criticism of communist David Harveys presentation Crisis of Capitalism:



http://www.youtube.com/watch?v=NJGAs2KwoWk&playnext_from=TL&videos=NkGQkLk7Lb8

Title: Re: Crisis of Capitalism, The Critique
Post by: rebel_conservative on July 01, 2010, 04:06:38 AM

Can't watch the video now, no sound, I presume the cartoon was the original and the critique was a voiceover.  Pretty pictures, but I almostburst out laughing when I saw "Internal contradictions of capital accumulation" - lol!!!  The only contradictons possible within capitalism are distortions into the market introduced by government. i.e.the current crisis was not caused by "greedy bankers" but by government forcing and incentivising lenders to give risky loans to poor people to buy homes they could not afford and the fact that banks knew they could take huge risks, make great profits and if it al went paer shaped, they would be bailed out by government.


To anyone who wants to defend capitalism properly, you NEED   to read "Capitalism: The unknown ideal" by Ayn Rand.  As a moral defense of capitalism, I can not recommend it highly enough.