Mapping a new economy

by SCOTT CARLSON

SAOURCE/Amazon

David Harvey would implore you to imagine life without capitalism—that is, if you can. Chances are, even if you’re puzzled by the manipulation of phantom money on Wall Street, troubled by society’s growing inequality, or disgusted with the platinum parachutes of corporate executives, you probably still conceive the world in terms of profits, private property, and free markets, the invisible hand always on the tiller.

To Harvey, a professor of anthropology and geography at the Graduate Center of the City University of New York, that world is coming to an end. In Seventeen Contradictions and the End of Capitalism (Oxford University Press), Harvey examines what he sees as the untenable elements of capital, and he analyzes how they can produce an unequal, destructive, crisis-prone system. The book represents a distillation of Harvey’s 40-year study of Karl Marx, and in its own way a bid to change the conversation about what’s not working and what’s possible—especially when many have consigned Marx to history’s dustbin.

“I was tired of hearing Marx quoted in ways that struck me as completely wrong,” Harvey says in his office at CUNY, around the corner from the Empire State Building. “Who I am writing for is, in a sense, anybody who says, Who is this guy Marx? I wanted to make it simple enough so that people could get into it, without being simplistic.”

He sat on a university commission analyzing housing problems in the city, and in writing the report for city leaders, borrowed ideas from Das Kapital. He found resonance in Marx’s analysis of the conflict between use values (the value of, say, a home as shelter) and exchange values (its value as a property to buy and flip), and in the notion that capital moves problems around (as when blight and gentrification drift through neighborhoods) but never solves them. Harvey says the city leaders—no matter their politics—thought the report was perceptive. “I didn’t tell them I was getting it out of Marx,” he says. “The more it worked for me and worked for other people, the more confidence I got that this was not a crazy system, but was actually quite interesting.”

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via Arts & Letters

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