The Evolution of Capitalism

In this episode of Anti-Capitalist Chronicles, Prof. Harvey offers his perspective on two questions being debated in leftist circles: are we entering a new kind of capitalism? Is the current capitalism a type of new feudalism? In order to approach these questions, Harvey looks to capitalism’s past and present—at the rentier class, evolving roles and relationships between industrial, market, and finance capitalists, the creation of the stock market, monopsonies, and more. Capitalism is in constant flux and always evolving. Instead of wondering if we are entering a new feudalism or not, Harvey argues we must analyze the current, unique conditions and then consider how we can be anti-capitalist towards this contemporary type of capitalism.