Apr 8, 2021
In this part 2 of the 4-part series, Prof. Harvey examines the development of capital in the period after WW2 through the 1970s, made possible through the repression of left-wing ideologies and an economic development model that promoted a certain kind of lifestyle for white privileged workers. Harvey argues that the Bretton Woods agreement, the policies of expansion of demand through debt financing of the suburbs, and the debt financing of the reconstruction of Japanese, German and European economies led to rapid rate of growth globally, the rise of anti-immigrant sentiments and the emergence of contradictions that led to a very significant shift in politics.