Welcome to Citywide Night School! NYC-DSA's new unified effort around political education! This recording is from our second session: "What is Capitalism? - Financialization" with speaker and DSA member Doug Henwood!
Join us for future sessions! Here is the full Syllabus with links to the readings: docs.google.co...
And here is the summary for this session:
Over time, capitalism throws off vast pots of surplus money that need to be reinvested or otherwise spent. This session will look behind the mystique of finance, where much of that money circulates. Although the financial markets often look like they inhabit their own world, they're deeply connected to the world of production, and are fundamental institutions for the formation of an owning class.
Readings
Doug Henwood, Wall Street (pp. 1-9, 92-98, 118-121, 187-188, 224-241, 291-294)
John Maynard Keynes, The General Theory of Employment, Interest, and Money, chap. 12, esp. V-VII
Karl Marx, Capital vol. 3 - excerpts, financialization
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