On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality, and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
This is an episode of Reality Asserts Itself, produced on June 17, 2014. Mr. Johnson says politicians dependent on campaign contributions from the wealthy are allowing finance to bankrupt Detroit and cities across the country.
This is an episode of Reality Asserts Itself, produced on June 13, 2014. Mr. Johnson says TARP was an abomination; finance controls the government and uses it to cover its losses.
In a 3 Part series, Prabhat Patnaik discusses his read on the history of capitalism from colonialism into the present. Prabhat Patnaik shows that as capital is relocated, real wages do not rise, inequality widens, and global demand is suppressed. The system remains in protracted crisis, Keynesianism in the North alone is no solution. The struggle is everywhere.
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 explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the periphery is available for extraction of wealth and cheap provision of inputs the system would collapse. So, the Global South was absorbed by a globalization process where finance becomes predominant, income deflation is widespread and governments everywhere are turned into the servants of financialization.
This is an episode of Reality Asserts Itself, produced on January 8, 2014. On Reality Asserts Itself with Paul Jay, Marisela Gomez, a doctor, and community activist, says one can’t arrive in the Hopkins community and not see the huge disparity between this institution and surrounding it, a community that’s been completely disinvested and abandoned.
The final segment of our series with Bill Black on modern American financial fraud.
Young Scholars Initiative – This panel discussion was part of the fourth annual UNCTAD YSI Summer School.
This interview was originally published on June 1, 2014. Mr. Lapavitsas says we must deeply reverse financialization and take on private ownership of banking and other critical sectors.
This interview was originally published on October 11, 2013. In the final segment of this Reality Asserts Itself with Paul Jay, Frank Hammer says all workers should face up to the dangers of climate change and insist that we move toward a green economy.
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