David Harvey and the Enigma of Capital
Via. David Harvey's Enigma of Capital Lecture at the London School of Economics.
Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8
"Debt encumbered home owners don't go on strike" (3:50-5:00 in the video). This is the most cogent one line explanation of the roots of the current crisis I've heard.
And this is why I should have gone into Econ. It is fascinating.
ReplyDeleteYes. But David Harvey is a Geographer. Economists tend to make this much less fascinating.
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