David Harvey's Anti-Capitalist Chronicles is a bi-weekly podcast that looks at capitalism through a Marxist lens. Support the show on Patreon and get early access to episodes and more: https://www.patreon.com/davidharveyacc
https://www.democracyatwork.info/davidharveyacc
episode 15: Dumping Surplus Capital
In this episode of ACC, Prof. Harvey talks about the changing dynamics of capital accumulation since Marx's analysis in the Grundrisse. The disempowerment of workers as part of the Neoliberal strategy of the 1980s to the present day, led to declining wages and standard of living for workers, but an increase in surplus capital and wealth for corporation and wealthy elites. Military expenditures (military Keynesianism) and fixed capital - what Harvey calls "mindless urbanization"- become sinks for disposing overaccumulating capital.