The End of Capitalism
In its long history, Capitalism has undergone many booms and busts. It is, simply put, an economic system in which a relatively large group of people, workers, sell their labor and production to a small group of people, the owners, for a wage. It generates a lot of money for the few and some for others down the economic scale. Since the crash of 2008 and the bank bailout, the share of income and wealth flowing to the top 1 percent has accelerated. In fact, the top 1 percent took more than 90 percent of all new income.
David Harvey is the Distinguished Professor of Anthropology and Geography at the Graduate Center of the City University of New York and is the author of many books, including Social Justice and the City, The Condition of Postmodernity, The Limits to Capital, A Brief History of Neoliberalism, Spaces of Global Capitalism, A Companion to Marx’s Capital, Seventeen Contradictions and the End of Capitalism and The Ways of the World. He is among the top twenty most cited authors in the humanities and is the world’s most cited academic geographer.