Economic debate

This video, “Crises of Capitalism”, lays out a particular viewpoint on the reality of capitalism in the modern age. On this blog, I’ve often criticised what I call “the current business paradigm” and its emphasis on greed (checkout the tag “Corporate Greed”). This video talks about the heart of what I criticise.

The narrative comes from a more leftist perspective than I have, but since the rightwing dominates all discussions of economics and economic policy, this makes for a refreshing change, because what we need—at the very least—is an informed and passionate discussion of economics. It’s a tall order, I know (economics is often called “the dismal science”), but I have a particular interest in this; after all, the academic field I studied in university, political science, was once inextricably linked with economics.

What I really want to see is a debate about is this: What can we replace the current corporatist capitalist model with, something that’s sustainable, and something that rewards honest initiative instead of greed? To answer that question, we need to understand economics without partisan spin, but to do that, we need to seek out viewpoints we normally wouldn’t. This video is a step toward all that.