Economy

Imperialism Then and Now: Wealth, Unemployment, and Insufficient Demand- Pt 1/3 Prabhat Patnaik

Imperialism Then and Now: Wealth, Unemployment, and Insufficient Demand- Pt 1/3 Prabhat Patnaik

Imperialism which existed in the colonial era persists to this day and the system cannot do without it. In a 3 Part series, Prabhat Patnaik discusses his read on the history of capitalism from colonialism into the present. Prabhat Patnaik reviews the connection between imperialism and capitalism through history to stress that by necessity of the accumulation of wealth, somewhere demand has to be suppressed to provide cheap inputs to ‘the markets’. The colonialist relation is retained to the present, with changing subjects.

The Necessity for Higher Wages – Heiner Flassbeck on RAI Pt 4/5
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The Necessity for Higher Wages – Heiner Flassbeck on RAI Pt 4/5

Mr. Flassbeck, former head of UNCTAD, says we’re going into the Japanese scenario, a stagnation with a kind of deflation because we have no purchasing power in the hands of the mass of the consumers. This is an episode of Reality Asserts Itself, produced July 31, 2014, with Paul Jay.

The U.S. Dollar and the Search for a  Reasonable  Capitalist –  Heiner Flassbeck on RAI Pt 3/5
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The U.S. Dollar and the Search for a Reasonable Capitalist – Heiner Flassbeck on RAI Pt 3/5

On Reality Asserts Itself, Mr. Flassbeck says the stock market bubble can burst at any moment because everybody knows there is no real growth behind it; then we are really in trouble as the whole effect of stabilization will disappear in one moment. This is an episode of Reality Asserts Itself, produced July 31, 2014, with Paul Jay.

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