after watching dozens of david harvey gentrification lectures, and reading his REBEL CITIES, this is a sweet treat to see him walking around his own gentrified city where he lives and works.
"This process is about Capital which is expanding at a compound rate of 3% forever, having a harder and harder time finding sensible and serious things to do in a world which obviously needs a great deal in terms of facilities and services and the rest of it. We've got a politics of austerity which cuts back on all of the things we really need and at the same time builds all these crazy monuments to I don't know what..."
"Houses now are built to invest in, not to live in. The result is you've got starvation at one end of the housing scale and you've got oversupply at the other end of the housing scale"
Housing units are depreciating assets, assets that require considerable ongoing expenditure of funds for maintenance. Then, every decade or so even more must be spent to replace systems. There is, therefore, an argument to untax housing (except, perhaps, mansions that are less homes than exhibitions of conspicuous consumption). What increases over time is the value of the land under a housing unit, and this increase in value is unearned to the individual. It occurs because of aggregate demand and the quality of public goods and services brought to the location. This value rightfully belongs to the community and should be collected via taxation. Do so and land prices will fall to levels that allow decent housing to be constructed affordable to almost all households.
@@guilhermenz Basic economics. Tax away the potential rental income stream of an asset, there is nothing to be capitalized into a price. The price falls to zero or close to zero.
This work is fundamental as a safeguard for Capitalism; without researchers such as Dr. Harvey and Dr. Ruth Wilson Gilmore, there would be no understanding of the 'who, what, when, where, why, who told you that, put that in writing, and how' that undermines civil society. I hope more people seek truth and thereby overcome the deception and lies of the antichrists that aim to destroy civil society (1 John 2 ch.)
Brilliant video, thanks for sharing. I would be really interested to hear his thoughts on the future of the city post covid, with so many people not returning to the office... Will we see more ghost cities?
Pretty cool. This kind of projects reveals the validity of marxism ideas and the necessity to continue to explore the bowels of the financial capitalism.
In his book "The Enigma of Capital," David Harvey shows that he understands the destructive power of the private appropriation of economic rent (i.e., the potential annual rental value of all locations as well as all natural assets that have an inelastic supply). Yet, for some reason he does not extend his analysis to the logical conclusion that the societal collection of rents would have dramatic positive effects not only on the efficient use of land and natural assets but on a more just distribution of income and wealth.
What is the relationship between the growth of GDP versus the growth of the population. Also since China has a huge population and started their capitalist economy a short time ago, how long till they reach the point where the United States currently exists.
Only some kind of ‘Madmen’ would have neglected ‘man’ in pursuit of corporatised --- oh whateva, it’s done. Loveless, sad and certainly decadent or luxury - what nietzsche called weakness.
.....money is not equal to time......if the impious equate money and time, then there is no value to humanity. Capitalism must safeguard the pillars of truth, light, wisdom, trust and justice.
"Palimpsest" - and the emphasis is on the first syllable, not the last - isn't a geological term. It means a manuscript or piece of writing material on which later writing has been superimposed with the earlier script effaced. It's a bit troubling that someone of professorial status doesn't know that.
Yeah in today’s neighborhood in Chicago It stands for small eateries like one called ‘Hot Doug’s’ aka hot dogs. Sold so many - lines around the block; Just said okay Done bye weirdos
Capital and people are the same thing. Everyone has capital to some degree or another. I think that is the main point everyone is missing about what is, capital. Capital, CAP, head, T AL, tally. Capital - headcount. That said, study how many slaves had their capital stolen and how much they lost over those centuries.
Captial is money seeking more money. The money I earned to pay for the food I and my family need is not capital. It is money. The Money I spent to educate myself was capital, but I myself am not capital. Money spent to defend our boarders is not capital, but money spent to expand them is.
Capital and people are not the same thing. The etymological definition you're giving of "capital" comes from counting heads of cattle, not people. So in a pastoral community, wealth would be accumulated in the form of cattle (which incidentally, would be a more material and generative receptacle for wealth than "money"). The capital that harvey is talking about is capital as a social relation of power and difference, that constantly needs to be fed, in order to maintain its relation of domination (I recommend you also watch the first film in this Antipode series on this channel that features Dr Ruth Wilson Gilmore).
after watching dozens of david harvey gentrification lectures, and reading his REBEL CITIES, this is a sweet treat to see him walking around his own gentrified city where he lives and works.
"This process is about Capital which is expanding at a compound rate of 3% forever, having a harder and harder time finding sensible and serious things to do in a world which obviously needs a great deal in terms of facilities and services and the rest of it. We've got a politics of austerity which cuts back on all of the things we really need and at the same time builds all these crazy monuments to I don't know what..."
The cinematography is breathtaking. The irony that is captured in the lines and subjects. Five Stars!
Absolutely excellent, both this and the one with Ruth Wilson Gilmore. Please make more!
"Houses now are built to invest in, not to live in. The result is you've got starvation at one end of the housing scale and you've got oversupply at the other end of the housing scale"
Housing units are depreciating assets, assets that require considerable ongoing expenditure of funds for maintenance. Then, every decade or so even more must be spent to replace systems. There is, therefore, an argument to untax housing (except, perhaps, mansions that are less homes than exhibitions of conspicuous consumption). What increases over time is the value of the land under a housing unit, and this increase in value is unearned to the individual. It occurs because of aggregate demand and the quality of public goods and services brought to the location. This value rightfully belongs to the community and should be collected via taxation. Do so and land prices will fall to levels that allow decent housing to be constructed affordable to almost all households.
@@nthperson How would land prices fall through taxation?
@@guilhermenz Basic economics. Tax away the potential rental income stream of an asset, there is nothing to be capitalized into a price. The price falls to zero or close to zero.
David Harvey is a such an amazing professor.
This work is fundamental as a safeguard for Capitalism; without researchers such as Dr. Harvey and Dr. Ruth Wilson Gilmore, there would be no understanding of the 'who, what, when, where, why, who told you that, put that in writing, and how' that undermines civil society. I hope more people seek truth and thereby overcome the deception and lies of the antichrists that aim to destroy civil society (1 John 2 ch.)
Great portrait. Harvey is always inspiring.
Professor's Harvey insights never cease to amaze me. Thank you fo creating this!
these movies are great!
Perfect literal visual and metaphorical framing here when Harvey says this urban landscape is Ayn Rand come to life.
What a lovely, reflective film. This is how to present Marxist thought. More please.
Love these little movies! Hope to see more :)
YOOOO WHERE THE ROCKAWAY B ROLL FROM?? THATS MY HOOD BEACH 88th street!!! Long live David Harvey!! What a living legend
Brilliant video, thanks for sharing.
I would be really interested to hear his thoughts on the future of the city post covid, with so many people not returning to the office... Will we see more ghost cities?
Interesting to look back it this comment. How would you answer this now?
This is great.
Wow! Just Amazing
Hard listen my guy
Awesome little film
Pretty cool. This kind of projects reveals the validity of marxism ideas and the necessity to continue to explore the bowels of the financial capitalism.
I feel like I need context for these buildings he keeps gesturing to. The ones he compared to being like in the Fountainhead
Love his works.
Oh, I love David Harvey, and this video is so good!
That beehive has killed so many
He knows 30 years in the future that capital will have crushed up the masses for fun in a hunger games society.
In his book "The Enigma of Capital," David Harvey shows that he understands the destructive power of the private appropriation of economic rent (i.e., the potential annual rental value of all locations as well as all natural assets that have an inelastic supply). Yet, for some reason he does not extend his analysis to the logical conclusion that the societal collection of rents would have dramatic positive effects not only on the efficient use of land and natural assets but on a more just distribution of income and wealth.
glass pyramids of inequality
pretty cool but longer and more detailed would have been even better imo
What is the relationship between the growth of GDP versus the growth of the population. Also since China has a huge population and started their capitalist economy a short time ago, how long till they reach the point where the United States currently exists.
“Capitalism has to grow in order to survive”
Great film of a great thinker!
David Harvey is very genius of marxism
Only some kind of ‘Madmen’ would have neglected ‘man’ in pursuit of corporatised --- oh whateva, it’s done.
Loveless, sad and certainly decadent or luxury - what nietzsche called weakness.
.....money is not equal to time......if the impious equate money and time, then there is no value to humanity. Capitalism must safeguard the pillars of truth, light, wisdom, trust and justice.
He interestingly forgot to talk about how money talks during the pandemic
How a 87-year olds he is!🎉
Try this pompous plan on a city like New Delhi ... Instead of some rotten Apple
SHARE WEALTH-THAT'S CAPITALISM
"Palimpsest" - and the emphasis is on the first syllable, not the last - isn't a geological term. It means a manuscript or piece of writing material on which later writing has been superimposed with the earlier script effaced. It's a bit troubling that someone of professorial status doesn't know that.
en.wikipedia.org/wiki/Palimpsest_%28geology%29
@@theoperator9178 gottem
Yeah in today’s neighborhood in Chicago
It stands for small eateries like one called ‘Hot Doug’s’ aka hot dogs.
Sold so many - lines around the block;
Just said okay Done bye weirdos
But honestly too - something is really really gettin ‘OLD’
Capital and people are the same thing. Everyone has capital to some degree or another. I think that is the main point everyone is missing about what is, capital. Capital, CAP, head, T AL, tally. Capital - headcount. That said, study how many slaves had their capital stolen and how much they lost over those centuries.
Captial is money seeking more money. The money I earned to pay for the food I and my family need is not capital. It is money. The Money I spent to educate myself was capital, but I myself am not capital. Money spent to defend our boarders is not capital, but money spent to expand them is.
spoonikle you contradict yourself. Try again.
Capital and people are not the same thing. The etymological definition you're giving of "capital" comes from counting heads of cattle, not people. So in a pastoral community, wealth would be accumulated in the form of cattle (which incidentally, would be a more material and generative receptacle for wealth than "money").
The capital that harvey is talking about is capital as a social relation of power and difference, that constantly needs to be fed, in order to maintain its relation of domination (I recommend you also watch the first film in this Antipode series on this channel that features Dr Ruth Wilson Gilmore).
Zahra Khalid I can think of no better analogy than you did to prove my point. Do you have faith or do you believe in religion?
What are you on about, man?