{"id":18268,"date":"2022-07-07T06:14:06","date_gmt":"2022-07-07T04:14:06","guid":{"rendered":"https:\/\/mwehle.eu\/wp\/?p=18268"},"modified":"2022-07-07T06:55:31","modified_gmt":"2022-07-07T04:55:31","slug":"18268","status":"publish","type":"post","link":"https:\/\/wehle.ee\/wp\/?p=18268","title":{"rendered":""},"content":{"rendered":"

David Harvey<\/a>:<\/p>\n

We\u2019re running out of both space and time right now. That\u2019s one of the big problems of contemporary capitalism.<\/p><\/blockquote>\n

Daniel Denvir:<\/p>\n

You talked about the future being foreclosed upon. That term is very applicable when it comes to debt on homes, obviously.<\/p><\/blockquote>\n

David Harvey:<\/p>\n

That\u2019s why I think the term \u201cforeclosure\u201d is very interesting. Millions of people\u00a0lost their houses<\/a>\u00a0in the crash. Their future was foreclosed upon. But at the same time, the debt economy has not gone away. You would\u2019ve thought that after 2007-8 there would\u2019ve been a pause in debt creation. But actually, what you see is a huge debt\u00a0increase<\/em>.<\/p>\n

Contemporary capitalism is increasingly loading us down with debt. That should concern all of us. How is it going to be repaid? And by what means? And are we going to end up with more and more money creation, which then has nowhere to go except speculation and asset values?<\/p>\n

That\u2019s when we start actually building things for people to invest in, not for people to live in. One of the most amazing things about contemporary China, for instance, is that there are whole cities that have been built and not yet lived in. Yet people have bought them, because it\u2019s a good investment.<\/p><\/blockquote>\n

Daniel Denvir:<\/p>\n

It\u2019s precisely that issue of credit that led you to borrow a phrase from Jacques Derrida, \u201cthe madness of economic reason.\u201d Colloquially, madness and insanity are invoked to\u00a0stigmatize<\/a>\u00a0or pathologize individuals with mental illness. But what Marx shows us, and what your book shows us, is that the system is actually insane.<\/p><\/blockquote>\n

\u03a9\u00a0\u03a9\u00a0\u03a9<\/p>\n

David Harvey:<\/p>\n

The\u00a0neoliberal argument<\/a>\u00a0had a lot of legitimacy in the 1980s and 1990s as being liberatory in some way. But nobody believes that anymore. Everybody realizes it\u2019s a con job in which the rich get richer and the poor get poorer.<\/p>\n

But we\u2019re beginning to see the possible emergence of an ethno-nationalist protectionism-autarky, which is a different model. That doesn\u2019t sit very well with neoliberal ideals. We could be headed into something which is much less pleasant than neoliberalism, the division of the world into warring and protectionist factions who are fighting each other over trade and everything else.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

David Harvey: We\u2019re running out of both space and time right now. That\u2019s one of the big problems of contemporary capitalism. Daniel Denvir: You talked about the future being foreclosed upon. That term is very applicable when it comes to … Weiterlesen →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18268","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/posts\/18268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wehle.ee\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18268"}],"version-history":[{"count":0,"href":"https:\/\/wehle.ee\/wp\/index.php?rest_route=\/wp\/v2\/posts\/18268\/revisions"}],"wp:attachment":[{"href":"https:\/\/wehle.ee\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wehle.ee\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wehle.ee\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}