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Seventeen Contradictions and the End of Capitalism

David Harvey

354 Pages
2014

Seventeen Contradictions and the End of Capitalism

Oxford University Press, USA

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Seventeen Contradictions and the End of Capitalism - Summary

David Harvey's 'Seventeen Contradictions and the End of Capitalism' is a profound exploration of the inherent contradictions within the capitalist system. Harvey meticulously dissects these contradictions, revealing how they are not just flaws but fundamental aspects that drive the system towards its eventual collapse. The book is a compelling read for anyone interested in understanding the complexities of capitalism and its future. Harvey's analysis is both thorough and accessible, making complex economic theories understandable for a broad audience.

Key Ideas

1

The Contradiction of Value and Labor

Harvey explains how the value in capitalism is derived from labor, yet the system constantly seeks to minimize labor costs. This contradiction creates a tension that can lead to economic crises, as the drive for profit undermines the very source of value.

2

The Contradiction of Capital Accumulation

Capitalism relies on continuous growth and accumulation of capital. However, this relentless pursuit often leads to overproduction, market saturation, and environmental degradation, which can destabilize the system and threaten its sustainability.

3

The Contradiction of Market and State

Harvey discusses the uneasy relationship between the market and the state in capitalism. While markets demand minimal state intervention, crises often necessitate state intervention to stabilize the economy. This contradiction highlights the inherent instability and dependency of capitalism on external support.

FAQ's

The main focus of 'Seventeen Contradictions and the End of Capitalism' is to explore the inherent contradictions within the capitalist system and how these contradictions drive the system towards its eventual collapse.

Anyone interested in understanding the complexities of capitalism, including students, economists, and general readers who want to grasp the underlying forces shaping our economic landscape, would benefit from reading 'Seventeen Contradictions and the End of Capitalism.'

David Harvey makes complex economic theories accessible in 'Seventeen Contradictions and the End of Capitalism' by providing thorough and clear analysis, breaking down intricate concepts into understandable terms for a broad audience.

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