RSA Animate - Crises of Capitalism

Forget all the hogwash you've read in the papers and heard on the news. In eleven minutes and ten seconds David Harvey, accompanied by the RSA Animate team, illustrate how and why economic crises happen:



Thanks to Stuart Watkins for bringing this to my attention.

Confessions of an Economic Hit Man

Seduced by an agent of the US National Security Agency by sex, money and power John Perkins became an economic hit man. In an interview of two parts John reveals the fascinating story of his involvement in profit-driven economic strong-arm tactics in countries across the globe and the part he played in building the "American Empire":



Part 1


Part 2


Thanks to Z3 from world socialist movement forum for the link.

Capitalism And Other Kids Stuff

This is a thought-provoking education into the world we live in, it explains how the world's economic system operates in terms of a crazy and very unfair game that children are playing, and so it captures the imagination of its viewers. A fantastic movie to help understand the politics and economics of our global society, with an aim to establishing an alternative society based on meeting needs, on cooperation rather than competition, and on democratic forms of decision-making intead of top-down hierarchies. This is a movie on the forefront of those who wish to save this planet from worsening global warming, incessant wars, and either widespread physical poverty or profound feelings of spiritual poverty despite our rapacious consumerism. Its alternative is a very realizable future ready for the taking, not a hodge-podge dream.

Here it is then in five bite-size chunks:

Erich Fromm - Alienation, Work and More

“Capitalistic society is based on the principle of political freedom on the one hand, and of the market as the regulator of all economic, hence social, relations, on the other. The commodity market determines the conditions under which commodities are exchanged, the labour market regulates the acquisition and sale of labour. Both useful things and useful energy and skill are transformed into commodities which are exchanged without the use of force and without fraud under the conditions of the market.”

“Modern capitalism needs men who cooperate smoothly and in large numbers; who want to consume more and more; and whose tastes are standardized and can be easily influenced and anticipated. It needs men who feel free and independent, not subject to any authority or principle or conscience—yet willing to be commanded, to do what is expected of them, to fit into the social machine without friction; who can be guided without force, led without leaders, prompted without aim—except the one to make good, to be on the move, to function, to go ahead.

What is the outcome? Modern man is alienated from himself, from his fellow men, and from nature. He has been transformed into a commodity, experiences his life forces as an investment which must bring him the maximum profit obtainable under existing market conditions. Human relations are essentially those of alienated automatons, each basing his security on staying close to the herd, and not being different in thought, feeling or action.”

“Man becomes a ‘nine to fiver,’ he is part of the labour force, or the bureaucratic force of clerks and managers. He has little initiative, his tasks are prescribed by the organization of the work; there is even little difference between those high up on the ladder and those on the bottom. They all perform tasks prescribed by the whole structure of the organization, at a prescribed speed, and in a prescribed manner. Even the feelings are prescribed: cheerfulness, tolerance, reliability, ambition, and an ability to get along with everybody without friction.”

“From birth to death, from Monday to Monday, from morning to evening – all activities are reutilised and prefabricated. How should a man caught in this net of routine not forget that he is a man, a unique individual, one who is given only this one chance of living, with hopes and disappointments, with sorrow and fear, with the long for love and the dread of the nothing and of separateness?”

“In the modern work process of a clerk, the worker on the endless belt, little is left of this uniting quality of work. The worker becomes an appendix to the machine or to the bureaucratic organization.”
(from The Art of Loving, 1956)

From the December 2009 Socialist Standard

We're not alone!

Twenty years after the fall of the Berlin Wall, a new BBC poll has found widespread dissatisfaction with free-market capitalism.

In the global poll for the BBC World Service, only 11% of those questioned across 27 countries said that it was working well.

More than 29,000 people in 27 countries were questioned. In only two countries, the United States and Pakistan, did more than one in five people feel that capitalism works well as it stands.

Almost a quarter - 23% of those who responded - feel it is fatally flawed. That is the view of 43% in France, 38% in Mexico and 35% in Brazil.

http://news.bbc.co.uk/1/hi/world/8347409.stm