Economy & Work

The Rise of Finance and the Fall of American Business – RAI with Rana Foroohar Pt 1/6
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The Rise of Finance and the Fall of American Business – RAI with Rana Foroohar Pt 1/6

ByPaul Jay

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.

Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis -Pt 3/3

Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis -Pt 3/3

ByLynn Fries

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 Then and Now: Drain of Wealth, Depression, Role of the State and Globalization-Pt 2/3

Imperialism Then and Now: Drain of Wealth, Depression, Role of the State and Globalization-Pt 2/3

ByLynn Fries

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.

Hopkins Trained Doctor Fights Hopkins Expansion Plans in Baltimore – Marisela Gomez on RAI (pt 1/4)
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Hopkins Trained Doctor Fights Hopkins Expansion Plans in Baltimore – Marisela Gomez on RAI (pt 1/4)

ByPaul Jay

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.

Why Autoworkers Care About Climate Change – Frank Hammer on Reality Asserts Itself (pt 4/4)
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Why Autoworkers Care About Climate Change – Frank Hammer on Reality Asserts Itself (pt 4/4)

ByPaul Jay

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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