We seem to have reached an impasse. Capitalism as we know it appears to be coming apart. But as financial institutions stagger and crumble, there is no obvious alternative. Organized resistance appears scattered and incoherent; the global justice movement a shadow of its former self.
People’s Economic Forum: ownership vs access
14 Nov 2008
David Graeber - capitalism as a way of organizing communism
Communism ideal is: from each according to their abilities, to each according to their needs. However, perhaps it is a practical way of getting things done and capitalism is a (bad) way of organising communism.
David Graeber, speaking at the People’s Economic Forum, held by Global Justice Action on the same weekend as the G20 meeting November 14, 2008.