Can Capitalists Afford Recovery?
Presentation by Jonathan Nitzan
LSE, May 27, 2014

ABSTRACT: Theorists and policymakers from all directions and of all 
persuasions remain obsessed with the prospect of recovery. For 
mainstream economists, the key question is how to bring about such a 
recovery. For heterodox political economists, the main issue is whether 
sustained growth is possible to start with. But there is a prior 
question that nobody seems to ask: can capitalists afford recovery in 
the first place? If we think of capital not as means of production but 
as a mode of power, we find that accumulation thrives not on growth and 
investment, but on unemployment and stagnation. And if accumulation 
depends on crisis, why should capitalists want to see a recovery?

Video duration: 2:24 hours

VIDEO AND TEXT: http://bnarchives.yorku.ca/398/

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-- 
Jonathan Nitzan
Political Science || Social and Political Thought
York University
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Canada

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Email: nitzan at yorku.ca

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