David Harvey- The Crises of Capitalism - May 6 speech . Must see for economic students....

Very interesting talk on Capitalism by David Harvey.

David Harvey takes a different angle to analysing the capitalistic system. His take: I want to do something different from everybody else so he looks at the market from Marxist point of view..... 50% of the conclusion are wrong but the whole argument and process he uses is v.v.v.v.v.v.v telling and something anybody with interest in todays world should spend 15 min on.......

Teasers: Not possible in todays system to create 3% compounded growth; The only new market are ficticious (like carbon); You need banks to create credit otherwise the expansion stops..... et......

Wiki David Harvey

http://www.youtube.com/watch?v=26o22Y33h9s

 (Hat tip to FT's Long-room)

Also the British Academy letter to the Queen and why they did not see the crisis coming:  British Academy Letter to the Queen

Winston