tag:blogger.com,1999:blog-31555688.post4340391139099071999..comments2023-10-03T12:12:52.235-04:00Comments on gimme culture: David Harvey telling it like it is at the Urban Reform Tent, January 29, 2009, World Social Forum, BelemUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-31555688.post-5802088218830861702009-02-12T22:42:00.000-05:002009-02-12T22:42:00.000-05:00Thanks very much for finding and sharing this. Hav...Thanks very much for finding and sharing this. Having read his New Imperialism book, I could see where Harvey was predicting (back in 2003) the crisis that would develop today, even if others get credit for predicting this crisis as little as two years ago. Credit and recognition aside, he confirms what I suspected and feared about these bank bailouts, and why they never seemed to make any sense to me.<BR/><BR/>So you want to get the economy growing again. Good. Why are you giving the money to banks rather than people? Bypass the middleman, who did his part in screwing everything up to begin with, and put the money in the hands of the buyer. No need to wait for a bank to lend money to the prospective buyer, and in fact banks are not lending, and people who could spend the money cannot because they are out of jobs, etc. Some might argue that people might not spend the money, they might hoard it. Hoard it where? In banks. Therefore one is still aiding banks, but not directly, not primarily, not exclusively.<BR/><BR/>Political economy needs to make a comeback in anthropology.Anonymousnoreply@blogger.com