Trade Is Made of Win: Principle behind markets

[thewake]

It seems like some people don't quite understand some of the concepts and ideas behind capitalism. These videos are a good introduction to them.



Watch on YouTube



Watch on YouTube



Watch on YouTube

This video is also interesting:



Watch on YouTube

[I Must Enter a Username]

kapitalism101

I heard that it might be worth checking out in a conversation between these leftists and that the guy who does this thing prefers Andrew Kliman over David Harvey.

[thewake]

(06-10-2014 06:29 AM)I Must Enter a Username Wrote:  kapitalism101

I heard that it might be worth checking out in a conversation between these leftists and that the guy who does this thing prefers Andrew Kliman over David Harvey.

Do you have a link to the conversation?

[I Must Enter a Username]

(06-10-2014 09:15 AM)W Kuts Wrote:  

(06-10-2014 06:29 AM)I Must Enter a Username Wrote:  kapitalism101

I heard that it might be worth checking out in a conversation between these leftists and that the guy who does this thing prefers Andrew Kliman over David Harvey.

Do you have a link to the conversation?

It was about a month ago on the Chatango (lame flash chat) RL chat. All chats are archived but it's incredibly difficult to find a specific older chat.

This is the closest thing I can find on the Kapitalism101 blog about the Kliman thing that was mentioned:

Quote:I found Harvey’s remarks typical of Harvey, and regular readers of this blog will know that I’ve been quite critical of Harvey in the last few years. What are these 17 new contradictions of capital that Harvey has come up with? I’m sure they will be the topic of his next rambling, nonsensical book, and he will probably win big awards and go on tour with it, mesmerizing audiences with vivid descriptions of social problems but not really contributing anything to the understanding of how capitalism works. Zizek also likes to make up his own contradictions of capital. I suspect that the tendency of post-Marxists to abuse the word “contradiction” is directly related to the abandonment of the centrality of value analysis. The exchange with Kliman over whether the contradiction is between use-value and exchange-value or use-value and value was quite illustrative of the sort of mistakes and confusion we are bound to get in Harvey. Like Ross, I was surprised to hear Harvey defending Proudhon and advocating alternative currencies and “oxidizable money” That’s just batty.

and this

Quote:Followers of this blog will already know that I’ve been sympathetic to Kliman’s position on the crisis for some time now. I thought his remarks were quite clear, that he laid out the real political issues at stake, and was able to back up his statements with empirical and theoretical meat. I’d also point out that he actually discussed the current crisis directly in this panel, rather than dealing with general statements like other speakers. He is the only one of the four who has actually done real empirical work on the crisis, as far as I know. In addition to providing a good critique of the neo-liberalism explanation of the crisis, and a critique of the underconsumptionist take, he also made some really good points in his comments about the importance of value as a category as distinct from exchange-value. This is more important a distinction than it may seem at first sight.

From: http://kapitalism101.wordpress.com/2012/...r-mattick/

[brainiac3397]

I refuse to listen to this corporatist propaganda making the general public feel enlightened knowing a concept not follow by said scum.

[Ky]

The thing about capitalism (and indeed, what indirectly makes it great) is how vulnerable it is: If the trade (which, indeed, generates wealth) worldwide were to fail and fall through on a large scale, many of us would be flat-out doomed - so much wealth would be lost and redistributed that many people would have nowhere to turn.

For the love of all things money, be a confident consumer; the day everyone loses their faith in the system is the day it will vanish in a puff of logic. Perhaps that's not the best word for what will happen, but it's funnier to think of it that way and makes my point simpler.

[brainiac3397]

Stock up on guns,ammo and bottlecaps.