Tuesday, September 24, 2019

Can Capitalists Afford Economic Growth?







https://www.youtube.com/watch?v=gTpanudMToA




00:00 Introduction: where did all the growth go? 

01:26 The conventional creed: "growth is the key measure of economic health" 

01:46 The American slowdown: how have capitalists and workers fared? 

04:22 The dogma's underlying utilitarian assumptions 

04:56 Some inconvenient data 

05:40 Capital as Power 

06:01 Two social groups: (1) workers, the unemployed, and those not in the labour force. 

06:30 (2) Capitalist motivation: differential power 

07:43 Unemployment as an accurate leading indicator of capitalist differential power 

08:47 Revisiting the social consensus in favour of economic growth 

09:11 The historical record 

09:26 Growth is an integral component of the capitalist mode of power 

09:51 Conclusion: continuous economic growth is not in the forecast 

10:14 Credits












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