David Harvey: The End of Capitalism

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Produced by: 
KBOO
Air date: 
Tue, 10/25/2016 - 9:00am to 10:00am
David Harvey: The End of Capitalism

 

David Harvey is one of the foremost experts on Capitalism. Harvey is the Distinguished Professor of Anthropology and Geography at the Graduate Center of the City University of New York and is the author of many books, including Social Justice and the CityThe Condition of Post modernityThe Limits to CapitalA Brief History of NeoliberalismSpaces of Global CapitalismA Companion to Marx's CapitalSeventeen Contradictions and the End of Capitalism and The Ways of the World. He is among the top twenty most cited authors in the humanities and is the world's most cited academic geographer.

In its long history, Capitalism has undergone many booms and busts. It is, simply put, an economic system in which a relatively large group of people, workers, sell their labor and production to a small group of people, the owners, for a wage. It generates a lot of money for the few and some for others down the economic scale. Since the crash of 2008 and the bank bailout, the share of income and wealth flowing to the top 1 percent has accelerated. In fact, the top 1 percent took more than 90 percent of all new income.

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