US Indebtedness & Capitalism’s Internal Contradictions
In this episode of Anti-Capitalism Chronicles, Prof. Harvey explores the issue of US indebtedness. Drawing on various Marxist theories—the coercive laws of competition, the falling rate of profit, and capitalism’s irrationality—Harvey explains how the US ended up in such a deep foreign indebtedness position, who it may benefit, and the implications on the global economy.
