David Harvey, Distinguished Professor of anthropology and geography at City University of New York and author of A Brief History of Neoliberalism argues with Chris Hedges that Neoliberalism, the manta of the global corporate elites, has created the worst income inequality in American history.
This is a brief Addendum to the Introduction to my Law of Value video series. It gives some advice on how to watch these videos, cautioning to think critically about the way we contextualize information online.
Image by Royal Opera House Covent Garden via Flickr
“The history of all hitherto existing society is the history of class struggles.” — Karl Marx, The Communist Manifesto, 1848
“Marx was keenly aware of capitalism’s ability to innovate and adapt. But he also knew that capitalist expansion was not eternally sustainable. And as we witness the denouement of capitalism and the disintegration of globalism, Karl Marx is vindicated as capitalism’s most prescient and important critic.” — Chris Hedges, Left Forum, May 30, 2015
The Roman Catholic Church and the Peoples Republic of China are set to sign an agreement, which would formally end the hostilities between these two entities. The Chinese government will formally acknowledge the Pope as the leader of the Catholic Church in China. In exchange, the Pope will reinstate ex-communicated Bishops selected by the Communist Party to lead Catholics on the Chinese mainland. In this context, it is worth reviewing the shifts and evolutions of Catholicism in global politics.
“Suppose that some great disaster were to sweep ten million families out to sea and leave ‘em on a desert island to starve and rot. That would be … an act of God, maybe. But suppose a manner of government that humans have set up and directed, drives ten million families into the pit of poverty and starvation? That’s no act of God. That’s our fool selves actin’ like lunatics. What humans have set up they can take down…. Whoever says we’ve got to have a capitalist government when we want a workers’ government, is givin’ the lie to the great founders of these United States….”
“We are not fighting against men or a kind of politics but against the class which produces those politics and those men.” (from Dirty Hands, a political play by Jean Paul Sartre, first performed in Paris on April 2, 1948.)
The interview with Professor Michael Hudson was conducted on 7 May 2018 in Beijing, by Professor Lau Kin Chi and Professor Sit Tsui Jade. Professor Hudson talked about his formative years, and his turn to economics from music as he found his mentor Terence McCarthy’s speech about economics beautiful and aesthetic. He recalled his experiences in research and teaching, and the background leading to his writing the many books on imperialism, balance of payment, history of debt, and fictitious capital. The interview was edited by George Lee, and produced by the Global University for Sustainability, July 2018.