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Theory Video: Debt And Capitalism (Patreon)

Published:

2018-04-30 14:22:26

Imported:

2026-06

Tags:

Alexander Cockburn David Harvey Debt Theory Reading

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I've been becoming increasingly worried about what I think are the signs of an upcoming international debt crisis in low-income countries, particularly in Sub-Saharan Africa. The short version of this story is that the money given to the banks by quantitative easing was used to fund predatory loans to struggling countries. Almost a decade later it seems the debt cannot be repaid and another crisis looms. Because of this I figured it was as good a time as ever to reinvestigate the role of debt in capitalism. I've selected this excerpt from The Laura Flanders Show, a discussion between David Harvey, Alexander Cockburn.

While you may be familiar with David Harvey, you may not know Alexander Cockburn. Alexander Cockburn was a writer and radical who had a column for years at The Nation and founded Counterpunch. As a radical he was regularly challenging not only those in power but also the peculiar traps that the American left falls into. Alexander was a punchy writer who never missed an opportunity to humiliate the cheap salesman on the right, here is a spirited essay that asks some important questions about Bill O'Reilly's loofa.

-David Griscom

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GRITtv: The End of Capitalism? Alexander Cockburn and David Harvey

Counterpunch co-editor Alexander Cockburn and Marxist Geographer David Harvey on the financial crisis, the future of capitalism, and how we got to where we are.