CAPITALISM WITH A HUMAN FACE?

November 9, 2018

This podcast was stimulated by a riposte to Aaron Bastami's adage that 'Tories exist to break the poor' which cites Disraeli's lament at the class split in the nation as well as to the building of hundreds of thousands of council houses in 1950s UK as evidence of a right wing benevolence. The main point I make against this notion that Capitalism may have a human face is that every working class advantage was either struggled for or 'granted' by the powers that be for reasons of economic necessity rather than generosity. In this context, I discuss the industrial reserve army and the high cost of training workers as productive technology historically got more sophisticated. I take a detour around the recent Greek economic crisis, the power of information and money, the instability of the money system, and the value and danger of utopian thinking. [Free. 29 minutes.]

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