Published: July 5th 2010 - at 11:20 am

A crisis of capitalism – in simple animation


by Left Outside    

The left should be in the ascendancy following a crisis of capitalism, but it is not. The right is leading for a number of reasons but just one of the problems for the left is that the narratives and explanations it offers tend to be more complicated than those offered by the right.

When David Cameron describes the UK’s debt as an overdraft it doesn’t matter that he’s wrong, it is easy to understand.

When a Government’s finances are compared to a households it is intelligible to all whereas thinking about the public sector deficit as a mirror image of a private sector surplus seems counter-intuitive.

In this animation radical sociologist David Harvey presents an honest left wing analysis of the crisis in an accessible and genuinely entertaining way.

Presenting information in an easily understandable way is something the right has done for years, it is time the left caught up.

It’s worth watching for the animation alone.

The actual speech is here. (via @danhancox)


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About the author
Left Outside is a regular contributor to LC. He blogs here and tweets here. From October 2010 to September 2012 he is reading for an MSc in Global History at the London School of Economics and will be one of those metropolitan elite you read so much about.
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Story Filed Under: Blog ,Economy


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Reader comments


Nice animation – though I wouldn’t describe it as uncomplicated!

And while he offers a diagnosis, which may be right or wrong, he says nothing at all about what his alternative might actually look like…

“The left should be in the ascendancy following a crisis of capitalism, but it is not. The right is leading for a number of reasons ”

Recap: in the slump years of the 1930s, the electorate voted overwhelmingly for the Conservatives at the general elections in October 1931 and in November 1935.

“The left should be in the ascendancy following a crisis of capitalism, but it is not. The right is leading for a number of reasons ”

The Left seem to be doing alright down south, according to Oliver Stone’s latest documentary, South of the Border.

http://southoftheborder.dogwoof.com/

4. Luis Enrique

I am genuinely amazed how anybody can look at Chavez/Venezuela and think “yes, that’s what we want”. Let’s hope Mr David Harvey has some better ideas. If not he’d better start work on an animated looking at “the internal contradictions” of Chavez style socialism.

That film about down south actually looks quite good. Evo Morales is the man.

6. Luis Enrique

I don’t know about Morales … but f*ing Chavez? I’m not sure in what sense a film that lionises him can be “good”.

“I don’t know about Morales … but f*ing Chavez? I’m not sure in what sense a film that lionises him can be “good”.”

So much depends upon what went before.

David Harvey’s analysis is generally pretty good in my experience. How it feeds into his political ideas is another matter.

Last I heard, Signor Chavez was creating hunger by nationalising supermarkets (one thing you should never do – they may be monopolistic, but they can only retain that status by providing things relatively efficiently). But I can’t see the highly partisan Mr Stone providing a balanced account.

1 – But then neither did Marx. It’s just supposed to magically happen when capitalism finally collapses.

Beautiful animation, and analysis of the crisis. Appalling ending. Simply saying, ‘Look at how all of this went wrong” without saying what you’d do differently simply lends to an impression of smugness. I was hoping for the beginnings of an alternate vision from this – quite frankly, from anyone on the left – and this has disappointed me. We really do need to go back to first principles, right back into systems of value judgements – I wrote about this here: http://declineofthelogos.wordpress.com/2010/03/04/reinvigorating-the-left/.

What’s wrong with Chavez?

12. CharlesJ

1 – The solution is ‘Modern Monetary Theory’ and the pursuit of near full employment, to increase aggregate demand for goods and services. Up till now demand came from consumer credit, which is now a broken model.

See Professor William “Bill” Mitchell’s blogs where he describes in detail the new MMT system which should emerge, here is an example:

http://bilbo.economicoutlook.net/blog/?p=10554

Kind Regards
Charlie


Reactions: Twitter, blogs
  1. Liberal Conspiracy

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  3. Andrew Burgess

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  4. kim_partridge

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  5. Sam Goodby

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  6. Jonnie Marbles

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  11. PJ

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  12. Faye Clark

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  13. Elly M

    Actually not that simple, but brilliant. :-) RT @libcon: A crisis of capitalism – in simple animation http://bit.ly/dsUMAH

  14. hilary

    The inherent contradictions of capitalism. In cartoons. Brilliant, funny, thought-provoking. http://bit.ly/d8DRVI

  15. Aboodi Shabi

    RT @regordane: The inherent contradictions of capitalism. In cartoons. Brilliant, funny, thought-provoking. http://bit.ly/d8DRVI

  16. Jon Lansman

    RT @libcon A crisis of capitalism – in simple animation – a short film worth watching http://bit.ly/bgafN5

  17. JOHN TUITE

    RT @AboodiShabi: RT @regordane: The inherent contradictions of capitalism. In cartoons. Brilliant, funny, thought-provoking. http://bit.ly/d8DRVI

  18. Jonathan Bygraves

    Want to learn about the crisis of late capitalism via an amusing animation? Voila! http://bit.ly/dsUMAH (via @libcon)

  19. Aboodi Shabi

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  20. Rogue

    RT @libcon A crisis of capitalism – in simple animation http://bit.ly/bgafN5 < brilliant

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  22. Little Metamorphic O

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  23. Tom

    “@libcon: A crisis of capitalism – in simple animation http://bit.ly/dsUMAH” @leftoutside this is 70% patent nonsense + 30% not quite there.

  24. Tom Blackburn

    RT @libcon A crisis of capitalism – in simple animation http://bit.ly/bgafN5 worth watching just for the speedy marker pen action.

  25. MEEEEEEEEE

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  26. MUKA

    an old history never telled…

    http://liberalconspiracy.org/2010/07/05/a-crisis-of-capitalism-in-simple-animation/

  27. Mario Klippa

    http://liberalconspiracy.org/2010/07/05/a-crisis-of-capitalism-in-simple-animation/





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