اندیشمند بزرگترین احساسش عشق است و هر عملش با خرد

Friday, May 4, 2012

The Enigma of Capital

“The Enigma of Capital and the Crises of Capitalism” is the title of a book by David Harvey. This book explains the intricate nature of capital in relation to what has brought our economy down to the present situation. Chapters of the book are divided into phases of capitalism starting with a brief anatomy of the events of 2006 (disruption) with a series of charts and graphs. It reflects different aspects of the economy from wages and salaries to home ownership to debt bubble, for different time ranges and for several countries in comparison with the US. It continues to explain how the capital is assembled, how it goes to work and to market, and how it evolves. Then, it describes the geography of capitalism and how it destructs the environment, and finally it ends with “what is to be done and who is going to do it”.