Economy

Racing to a Dead End  – Heiner Flassbeck on Reality Asserts Itself Pt 2/5
| |

Racing to a Dead End – Heiner Flassbeck on Reality Asserts Itself Pt 2/5

Mr. Flassbeck, former head of UNCTAD, says current economic policy is heading back to the 1930s, a race to the bottom, they have no solution at all, we will end up again in trade wars or other wars. This is an episode of Reality Asserts Itself, produced July 29, 2014, with Paul Jay.

Reaganism and Thatcherism were Intellectually Dishonest – Heiner Flassbeck on RAI Pt 1/5
| |

Reaganism and Thatcherism were Intellectually Dishonest – Heiner Flassbeck on RAI Pt 1/5

Mr. Flassbeck, former director of UNCTAD, discusses growing up in a US-dominated Germany and his opposition to the birth of neoliberal economics. This is an episode of Reality Asserts Itself, produced July 25, 2014, with Paul Jay.

Artificial Intelligence in Whose Interests?  – RAI with Rana Foroohar Pt 6/6
| | |

Artificial Intelligence in Whose Interests? – RAI with Rana Foroohar Pt 6/6

On Reality Asserts Itself, Ms. Foroohar and host Paul Jay discuss the merging of finance and big tech and the threat AI poses to working people and the economy; they also discuss the potential of AI in addressing the climate crisis and making a more rational and equal society possible – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.

The Rich Have an Escape Plan –  RAI with Rana Foroohar Pt 5/6
| | |

The Rich Have an Escape Plan – RAI with Rana Foroohar Pt 5/6

On Reality Asserts Itself, Ms. Foroohar says many wealthy people understand that the climate crisis, deep recession, and war are real threats, but they believe “apres moi le deluge [after me comes the floods];” the Financial Times columnist and author of “Makers and Takers” said many of the rich have escape plans thinking “they can avoid the apocalypse” – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.

Sociopaths Rise to the Top RAI with Rana Foroohar Pt 4/6
| | |

Sociopaths Rise to the Top RAI with Rana Foroohar Pt 4/6

On Reality Asserts Itself, Ms. Foroohar says growing inequality and record student, household and corporate debt is creating a dangerous bubble, similar to the lead up to the ’29 crash; the Financial Times columnist and author of “Makers and Takers” says a few on Wall St. see it, but most businesses are doing too well to care – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.

Clinton’s ‘Committee to Save the World’ Unleashes Wall Street – RAI with Rana Foroohar Pt 3/6
| | |

Clinton’s ‘Committee to Save the World’ Unleashes Wall Street – RAI with Rana Foroohar Pt 3/6

On Reality Asserts Itself, Ms. Foroohar says President Bill Clinton’s finance team further deregulated Wall St. including eliminating Glass-Steagall legislation allowing even riskier investments; the Financial Times columnist and author of “Makers and Takers” says this helped create the world’s largest financial institution—Citigroup— headed by Clinton’s former Treasury Secretary Robert Rubin – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.

Apple, Market Manipulation and the Cult of Personal Finance  – RAI with Rana Foroohar Pt 2/6
| | |

Apple, Market Manipulation and the Cult of Personal Finance – RAI with Rana Foroohar Pt 2/6

On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” said the move from traditional pensions to 401k’s makes everyone feel they benefit from finance when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.

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

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

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

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

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.

End of content

End of content