11. Tolerance increases under liberal capitalism

next argument liberal capitalist societies are tolerant societies consider religious intolerance for example a social illness plague human beings for ever it’s precisely in those societies that started to encourage individual freedom that individual should be free to live their lives as they see fit precisely in those societies that Continue Reading

5. Liberal capitalism increases the average standard of living

the next argument focus is not so much on capitalism’s productive ability how much wealth it produces but rather on the distribution of wealth in a society one characteristic of capitalism in the modern world after the Industrial Revolution particularly was the development of mass production of goods obviously for Continue Reading

1. Liberal capitalism increases freedom

first defining our terms by liberalism we mean a network of principles institutionalized political scientists will talk about among them the rule of law so there are specified explicit principles governing the society as opposed to arbitrary power residing in one individual or any number of individuals to make up Continue Reading

Class 03 Reading Marx’s Capital Vol I with David Harvey

» NEIL SMITH: So. Money makes the world go round they say. » DAVID HARVEY: Yes. It’s so fascinating- money. We all use it, we all worry about it, we all spend an enormous amount of our time getting it. But if you ask anybody the question: “What is money?”, Continue Reading

7. Liberal capitalism generates more philanthropy

another related argument focuses on the nonprofit sector in capitalist societies given the capitalist societies produce so much wealth a lot of that wealth of course is spent directly on consumer goods a lot of that wealth is reinvested in as capital in New productive enterprises but a lot of Continue Reading

Dartmouth Professor Meir Kohn: “Why There is No Such Thing as Capitalism (or Communism)”

– Good evening welcome one and all. My name is Hank Clark. I’m Program Director of the Political Economy Project. And I want to welcome all of you here this evening. I’d like to begin by saying that if you would like to be on our mailing list but are Continue Reading

How Don Lavoie Changed the Debate about Socialism and Central Planning

So both Rivalry and Central Planning and National Economic Planning: What Is Left? were published in 1985. So it was like a one-two punch. It wasn’t even like a delay. It was like you know a Mike Tyson combination, right? Boom Boom! For those of us coming up in the Continue Reading

Class 10 Reading Marx’s Capital Vol I with David Harvey

We’ve spent a large chunk of time, and Marx has spent many pages, reflecting on the nature of surplus-value and the two kinds of surplus-value: ‘absolute’, which arises from extending the length of the working-day and ‘relative’, which arises out of increases in productivity which are given either by organizational Continue Reading

Xi Jinping The Excellent, Why Political Economy is Important

I like many enjoy studying great leaders in history in order to learn from them, whether it be Otto Von Bismarck who served as the great uniter of his nation or Napoleon who snatched victory from the jaws of defeat time and time again. We have a comparable legend living Continue Reading

Class 11 Reading Marx’s Capital Vol I with David Harvey

» SMITH: It seems to me that Chapter Ten begins to raise the question of the historical context and the historical specificity of capitalism, around the working-day in Chapter Ten, but in the context of machinery, in the context of labor in the context of the relation to nature and Continue Reading