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Posts by David Graeber Institute

"The AI bubble is about to burst because the hyperscalers as they are called have used up all their own cash and are now borrowing money. They are effectively net-debtors at a time when they are spending huge volumes of money on data centres without having the guarantee that they are going to make profits. And it is that worry that actually there isn't money to be made in the business which is gradually dawning on investors, which is going to be why they are going to pull away. Infact there are already signs of people withdrawing from the AI sector because they fear that this is indeed a bubble. It seems to me utterly inevitable, the only question is only when." - Ann Pettifor

"The AI bubble is about to burst because the hyperscalers as they are called have used up all their own cash and are now borrowing money. They are effectively net-debtors at a time when they are spending huge volumes of money on data centres without having the guarantee that they are going to make profits. And it is that worry that actually there isn't money to be made in the business which is gradually dawning on investors, which is going to be why they are going to pull away. Infact there are already signs of people withdrawing from the AI sector because they fear that this is indeed a bubble. It seems to me utterly inevitable, the only question is only when." - Ann Pettifor

A warning from the economist, Ann Pettifor.

1 day ago 69 29 2 5
"If you want a career pursuing any form of value other than monetary value - if you want to work in journalism, and pursue truth, or in the arts, and pursue beauty, or in some charity or international NGO or the UN, and pursue social justice, well, even assuming you can acquire the requisite degrees, for the first few years they won’t even pay you. So you’re supposed to live in New York or some other expensive city on no money for a few years after graduation. Who else can do that except children of the elite?" David Graeber

"If you want a career pursuing any form of value other than monetary value - if you want to work in journalism, and pursue truth, or in the arts, and pursue beauty, or in some charity or international NGO or the UN, and pursue social justice, well, even assuming you can acquire the requisite degrees, for the first few years they won’t even pay you. So you’re supposed to live in New York or some other expensive city on no money for a few years after graduation. Who else can do that except children of the elite?" David Graeber

From an interview David Graeber once gave about finding a job.

davidgraeber.org/interviews/d...

2 days ago 88 21 2 0
Grace Blakeley in Conversation with Michael Hudson
Grace Blakeley in Conversation with Michael Hudson YouTube video by Institute of David Graeber

The next talk in our series with Michael Hudson will take place on Friday (24th April).

He will be joined by Grace Blakeley.

You can view the livestream here on our youtube channel: www.youtube.com/watch?v=ZFNf...

4 days ago 11 4 0 0
"But at this point, we can see War for what it really is: as the flailing and obviously doomed effort of a declining power to make its peculiar combination of bureaucratic war machines and speculative financial capitalism into a permanent global condition." . - David Graeber

"But at this point, we can see War for what it really is: as the flailing and obviously doomed effort of a declining power to make its peculiar combination of bureaucratic war machines and speculative financial capitalism into a permanent global condition." . - David Graeber

Speculative Financial Capitalism is always part of the equation.

6 days ago 113 47 1 1
"But at this point, we can see War for what it really is: as the flailing and obviously doomed effort of a declining power to make its peculiar combination of bureaucratic war machines and speculative financial capitalism into a permanent global condition." . - David Graeber

"But at this point, we can see War for what it really is: as the flailing and obviously doomed effort of a declining power to make its peculiar combination of bureaucratic war machines and speculative financial capitalism into a permanent global condition." . - David Graeber

Speculative Financial Capitalism is always part of the equation.

6 days ago 113 47 1 1
Can We Learn from the Indus Peoples’?
Can We Learn from the Indus Peoples’? YouTube video by Institute of David Graeber

Can We Learn from the Indus Peoples’?

Talk this Thursday for those interested in Anthropology.

youtu.be/MXHsj2sU5l0

1 week ago 20 4 1 1
Id like to end put in a good word for the non-industrious poor. At least they are not hurting anyone insofar as the time they take off from work is spend with friends and family enjoying and caring for those they love. They are probably improving the world more than we acknoledge.

Id like to end put in a good word for the non-industrious poor. At least they are not hurting anyone insofar as the time they take off from work is spend with friends and family enjoying and caring for those they love. They are probably improving the world more than we acknoledge.

Being unemployed is not always a bad thing.

1 week ago 186 52 1 4
Grace Blakeley in Conversation with Michael Hudson
Grace Blakeley in Conversation with Michael Hudson YouTube video by Institute of David Graeber

The next talk in our Michael Hudson series takes place on Friday (10th April).

With Grace Blakeley, they will discuss Global Capitalism, and Empire.

youtu.be/3eezq5ojByM

2 weeks ago 14 4 0 0
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Architecture of Loneliness David Graeber Institute Creative Conversations 5 May 6-7pm This talk introduces David Graeber's concept of poetic vs. bureaucratic technologies through the lens of spatial

More info here about the event.

davidgraeber.institute/architecture...

2 weeks ago 9 1 0 1

Architecture of Loneliness

Creative Conversations 5th May 6-7pm

This talk introduces David Graeber's concept of poetic vs. bureaucratic technologies through the lens of spatial organization.

www.ticketsource.com/cccibathspa/...

2 weeks ago 24 7 1 0
As One Imperial Order Collapses, the World Is Being Reshaped
As One Imperial Order Collapses, the World Is Being Reshaped YouTube video by Institute of David Graeber

Livestream on Friday.

Discussing with Michael Hudson, Ann Pettifor and Francoise Verges the future of the world economy.

youtu.be/8s0ss4nCR7g

3 weeks ago 5 1 0 0
Video

It's worth paying attention to how China is doing things differently to the West.

3 weeks ago 18 6 2 0
"If there is anything scarier than a fascist who denies climate change, it’s one who doesn’t, because we know what kind of “solutions” they would implement. . We have to assume that the right has been brainstorming plans for when the climate crisis gets to genuine emergency levels. There are plenty of people employed to brainstorm contingencies and agencies tasked with predicting and modeling bad things that may eventuate, some of which are secret and some of which are not." . - David Graeber

"If there is anything scarier than a fascist who denies climate change, it’s one who doesn’t, because we know what kind of “solutions” they would implement. . We have to assume that the right has been brainstorming plans for when the climate crisis gets to genuine emergency levels. There are plenty of people employed to brainstorm contingencies and agencies tasked with predicting and modeling bad things that may eventuate, some of which are secret and some of which are not." . - David Graeber

The likes of Peter Thiel and El*n Musk have their 'solutions.'

3 weeks ago 80 26 2 0
Video

There is a Class Warfare taking place - by the Finance Sector.

It is the Finance Sector against everybody else.

Prof Michael Hudson explains...

3 weeks ago 40 13 1 0
Video

There is a Class Warfare taking place - by the Finance Sector.

It is the Finance Sector against everybody else.

Prof Michael Hudson explains...

3 weeks ago 40 13 1 0
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In Central London, you have some of the most expensive properties in the world, alongside many people sleeping in tents.

This helps to understand what Yanis Varoufakis means by Techno-Feudalism.

3 weeks ago 98 40 4 2
This Friday! Come and watch out livestream.

This Friday! Come and watch out livestream.

This Friday!

Come and watch out livestream.

3 weeks ago 12 6 1 0
Video

In Central London, you have some of the most expensive properties in the world, alongside many people sleeping in tents.

This helps to understand what Yanis Varoufakis means by Techno-Feudalism.

3 weeks ago 98 40 4 2
How the Global Crisis Will Unfold
How the Global Crisis Will Unfold YouTube video by Institute of David Graeber

We held a livestream with Prof Steve Keen and Michael Hudson about the Global Crisis.

If you could not make it, you can see the full discussion at this page

youtu.be/aIypIDWQAQw

3 weeks ago 13 6 0 1
Modern Capitalism resembles Feudalism more and more.

Modern Capitalism resembles Feudalism more and more.

Modern Capitalism resembles Feudalism more and more.

3 weeks ago 104 46 3 4
Modern Capitalism resembles Feudalism more and more.

Modern Capitalism resembles Feudalism more and more.

Modern Capitalism resembles Feudalism more and more.

3 weeks ago 104 46 3 4
"With Universal Basic Income, one could well imagine people who didn't have to work to survive still choosing to become dental assistants, or toymakers, or movie ushers, or tugboat operators, or even sewage treatment plant inspectors. It's even easier to imagine them choosing to become some combination of several of these. . It's extremely difficult to imagine someone living without financial constraints choosing to spend any significant amount of their time highlighting forms for a Medical Care Cost Management company, let alone in an office where underlings were not allowed to speak." . - David Graeber

"With Universal Basic Income, one could well imagine people who didn't have to work to survive still choosing to become dental assistants, or toymakers, or movie ushers, or tugboat operators, or even sewage treatment plant inspectors. It's even easier to imagine them choosing to become some combination of several of these. . It's extremely difficult to imagine someone living without financial constraints choosing to spend any significant amount of their time highlighting forms for a Medical Care Cost Management company, let alone in an office where underlings were not allowed to speak." . - David Graeber

Agree or disagree, we need to be discussing Universal Basic Income.

It is too important of a subject just to scroll past.

3 weeks ago 107 32 4 1
"With Universal Basic Income, one could well imagine people who didn't have to work to survive still choosing to become dental assistants, or toymakers, or movie ushers, or tugboat operators, or even sewage treatment plant inspectors. It's even easier to imagine them choosing to become some combination of several of these. . It's extremely difficult to imagine someone living without financial constraints choosing to spend any significant amount of their time highlighting forms for a Medical Care Cost Management company, let alone in an office where underlings were not allowed to speak." . - David Graeber

"With Universal Basic Income, one could well imagine people who didn't have to work to survive still choosing to become dental assistants, or toymakers, or movie ushers, or tugboat operators, or even sewage treatment plant inspectors. It's even easier to imagine them choosing to become some combination of several of these. . It's extremely difficult to imagine someone living without financial constraints choosing to spend any significant amount of their time highlighting forms for a Medical Care Cost Management company, let alone in an office where underlings were not allowed to speak." . - David Graeber

Agree or disagree, we need to be discussing Universal Basic Income.

It is too important of a subject just to scroll past.

3 weeks ago 107 32 4 1
How the Global Crisis Will Unfold
How the Global Crisis Will Unfold YouTube video by Institute of David Graeber

Prof Steve Keen and Prof Michael Hudson will give a talk about the Global Crisis.

Streamed on our Youtube Channel (David Graeber Institute)

Friday, 27th March.

youtu.be/aIypIDWQAQw

3 weeks ago 1 2 0 0
How the Global Crisis Will Unfold
How the Global Crisis Will Unfold YouTube video by Institute of David Graeber

Prof Steve Keen and Prof Michael Hudson will give a talk about the Global Crisis.

Streamed on our Youtube Channel.

Friday, 27th March.

youtu.be/aIypIDWQAQw

4 weeks ago 15 5 0 0
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"In the late 19th and early 20th centuries, one of the great divisions between anarcho-syndicalist unions, and socialist unions, was that the latter were always asking for higher wages, and the anarchists were asking for less hours. That’s why the anarchists were so entangled in struggles for the 8-hour day. . It’s as if the socialists were essentially buying into the notion that work is a virtue, and consumerism is good (but it should all be managed democratically), while the anarchists were saying, no, the whole deal that we work more and more is rotten from the get-go." . - David Graeber

"In the late 19th and early 20th centuries, one of the great divisions between anarcho-syndicalist unions, and socialist unions, was that the latter were always asking for higher wages, and the anarchists were asking for less hours. That’s why the anarchists were so entangled in struggles for the 8-hour day. . It’s as if the socialists were essentially buying into the notion that work is a virtue, and consumerism is good (but it should all be managed democratically), while the anarchists were saying, no, the whole deal that we work more and more is rotten from the get-go." . - David Graeber

Work, Work, Work! Work more, always work more.

4 weeks ago 208 79 1 4
"In the late 19th and early 20th centuries, one of the great divisions between anarcho-syndicalist unions, and socialist unions, was that the latter were always asking for higher wages, and the anarchists were asking for less hours. That’s why the anarchists were so entangled in struggles for the 8-hour day. . It’s as if the socialists were essentially buying into the notion that work is a virtue, and consumerism is good (but it should all be managed democratically), while the anarchists were saying, no, the whole deal that we work more and more is rotten from the get-go." . - David Graeber

"In the late 19th and early 20th centuries, one of the great divisions between anarcho-syndicalist unions, and socialist unions, was that the latter were always asking for higher wages, and the anarchists were asking for less hours. That’s why the anarchists were so entangled in struggles for the 8-hour day. . It’s as if the socialists were essentially buying into the notion that work is a virtue, and consumerism is good (but it should all be managed democratically), while the anarchists were saying, no, the whole deal that we work more and more is rotten from the get-go." . - David Graeber

Work, Work, Work! Work more, always work more.

4 weeks ago 208 79 1 4
La Filosofía del Trabajo sin Sentido – David Graeber
La Filosofía del Trabajo sin Sentido – David Graeber YouTube video by Sabiduría Mentalizada

La filosofía del trabajo sin sentido - Bullshit Jobs En Español

youtu.be/V9PzdIALzjA

4 weeks ago 32 8 1 0
The 1% who rule the world may have turned the pursuit of money and power into a kind of pathological game that are ends in themselves, but for the rest of us, having money, having an income, being free from debt, has come to mean having the power to pursue something other than money. We all want to ensure our loved ones are safe, and taken care of. We all want to live in healthy and beautiful communities but beyond that, the things we wish to pursue are likely to be wildly different. What if freedom were the ability to make up our minds about what it was we wished to pursue, with whom we wished to pursue it and what sort of commitments we wish to make to them in the process?" David Graeber

The 1% who rule the world may have turned the pursuit of money and power into a kind of pathological game that are ends in themselves, but for the rest of us, having money, having an income, being free from debt, has come to mean having the power to pursue something other than money. We all want to ensure our loved ones are safe, and taken care of. We all want to live in healthy and beautiful communities but beyond that, the things we wish to pursue are likely to be wildly different. What if freedom were the ability to make up our minds about what it was we wished to pursue, with whom we wished to pursue it and what sort of commitments we wish to make to them in the process?" David Graeber

Imagine people could make up their own minds about what it was that they would pursue.

1 month ago 100 38 2 2
The 1% who rule the world may have turned the pursuit of money and power into a kind of pathological game that are ends in themselves, but for the rest of us, having money, having an income, being free from debt, has come to mean having the power to pursue something other than money. We all want to ensure our loved ones are safe, and taken care of. We all want to live in healthy and beautiful communities but beyond that, the things we wish to pursue are likely to be wildly different. What if freedom were the ability to make up our minds about what it was we wished to pursue, with whom we wished to pursue it and what sort of commitments we wish to make to them in the process?" David Graeber

The 1% who rule the world may have turned the pursuit of money and power into a kind of pathological game that are ends in themselves, but for the rest of us, having money, having an income, being free from debt, has come to mean having the power to pursue something other than money. We all want to ensure our loved ones are safe, and taken care of. We all want to live in healthy and beautiful communities but beyond that, the things we wish to pursue are likely to be wildly different. What if freedom were the ability to make up our minds about what it was we wished to pursue, with whom we wished to pursue it and what sort of commitments we wish to make to them in the process?" David Graeber

Imagine people could make up their own minds about what it was that they would pursue.

1 month ago 100 38 2 2