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The Future of Capitalism

Paul Mason
The RSA, 2015
Grado: debutante
Topic: Crisis
Format: Ponencia
Duración: 01:05:36
Enlace: https://www.youtube.com/watch?v=rrzXIV8eZPo
Paul Mason presents the main arguments of his book PostCapitalism. First, he argues that capitalism runs out of its capability to adapt to crises and second states that information technology challenges the capitalist system. In a nutshell, he argues that a society which fully exploits information technologies can't include concepts such as intellectual property, free market or private ownership. This has far-reaching consequences for the organisation of wages and work. The talk stops at minute 37.30.

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Tags: capitalism | credit | crisis | free market | information technology | innovation | intellectual property | knowledge | labour | monopoly | neoliberalism | post-capitalism | wages
Since the 1980s, the financial sector and its role have increased significantly. This development is often referred to as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly reviewing the main arguments in the Marxian framework that proposedly lead to crisis. Next, two schools of thought in the Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the contradictions imposed by financialization that disrupt the growth process and also stress the fragilities imposed by the new growth regime. The two approaches introduced here are the Social Structure of Accumulation Theory and Monthly Review School. The subsequent part proceeds with the Post-Keynesian theory, first introducing potential destabilizing factors before discussing financialization and the finance-led growth regime. The last section provides a comparative summary. While the basic narrative in all approaches considered here is quite similar, major differences stem from the relationship between neoliberalism and financialization and, moreover, from the question of whether financialization can be considered cause or effect. 2016 Level: adelantado Financialization and the crises of capitalism Petra Dühnhaupt Institute for International Political Economy Berlin In this lecture, Sanjay Reddy reviews the work of János Kornai, especially his critique of the socialist system, which is rooted in his understanding of the eminently political character of socialism. 2020 Level: debutante János Kornai's Critique of the Socialist System Sanjay Reddy New School for Social Research This article by Rüdiger Bachmann et.al. discusses the economic effects of a potential cut-off of the German economy from Russian energy imports. 2022 Level: adelantado What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia Rüdiger Bachmann, David Baqaee, Christian Bayer, Moritz Kuhn, Andreas Löschel, Benjamin Moll, Andreas Peichl, Karen Pittel, Moritz Schularick ECONtribute.de Die moderne Akademia bietet keine guten Rahmenbedingungen für gesellschaftskritische Transformationsforschung. Eine Reform sollte an vier Punkten ansetzen. Ein Beitrag von Stephan Pühringer und Carina Altreiter. 2023 Level: debutante Die (selbstauferlegten) Grenzen der Wissenschaft Stephan Pühringer und Carina Altreiter Economists for Future

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