David Harvey Interview

Harvey defines neoliberalism as a product of the capitalist class working to put labor movements and labor power down during the 1970s. He said that a large part of the capitalist’s class ability to enact policies of neoliberalism and to start to undervalue labor was the usage of floating currencies, as a opposed to gold standard or other versions of set rate currency. This change worked to strengthen finance capital, and it eventually became more valuable than labor capital. How would maintaining a set rate currency have acted to maintain the value of labor capital? Or is there a way to return to a set rate currency? And if so, would that act to re-value labor capital?