The End of Capitalism; Reforming Capitalism

Thinking Allowed

BBC

Science, Society & Culture

4.4 • 997 Ratings

🗓️ 9 April 2014

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Capitalism - renewal or decline? Laurie Taylor explores the future of our market driven economy. He's joined by David Harvey, Distinguished Professor of Anthropology and Geography at the Graduate Center of the City University of New York and Colin Crouch, Professor Emeritus in Sociology at the University of Warwick. Professor Harvey examines the contradictions at the heart of capitalism arguing that it's far from being the permanent or only way of organising human life. Professor Crouch, conversely, suggests that only Capitalism can provide us with an efficient and innovative economy but it should be re-shaped to better fit a social democratic society.

Producer: Jayne Egerton.

Transcript

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0:00.0	Take some time for yourself with soothing classical music from the mindful mix,
0:06.0	the Science of Happiness Podcast.
0:08.0	For the last 20 years I've dedicated my career to exploring the science of living a happier more meaningful life and I want
0:14.4	to share that science with you.
0:16.1	And just one thing, deep calm with Michael Mosley.
0:19.4	I want to help you tap in to your hidden relaxation response system and open the door to that
0:25.4	calmer place within. Listen on BBC Sounds.
0:29.7	This is a Thinking Loud Podcast from the BBC and for more details in our terms of use and much, much more about thinking aloud, go to our website at BBC.co. UK.
0:44.0	Hello. As a postgraduate I used to attend lectures given by an Eastern European
0:49.6	sociologist. I've pretty well forgotten most of the content but I can still recall the degree of
0:54.6	venom which he managed to inscribe into the pronunciation of capitalist all four
1:00.8	syllables were carefully separated so as to indicate the full extent of his distaste.
1:06.2	It was not a capitalist but always capitalist.
1:10.2	Well, present-day critics hardly need such endorsement, such vocal endorsement of their concerns about this particular economic system.
1:17.4	They can find as much support as they need in the dozens of critical accounts of contemporary capitalism which have appeared in the wake of the 2008 financial crisis.
1:26.0	Well in this program I'm going to be talking to the distinguished authors of two such accounts.
1:31.0	David Harvey, who's professor of anthropology and geography at the City University of New York, an author most recently of 17 contradictions and the end of capitalism and
1:40.1	Colin Krauch, Professor Emeritus of Governance and Public Management of the University of Warwick,
1:45.5	an author most recently of Making Capitalism Fit for Society.
1:50.0	But let's begin with just a very brief reminder of the 2008 crisis which prompted or further confirmed the views of capitalism's critics.
1:59.0	The collapse of one of America's biggest investment banks has sent shock waves around the world.
2:06.0	Share prices have plummeted and thousands of jobs are in jeopardy.
	...

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