The Australien Government has made an ad about the national rental crisis, and it’s surprisingly honest and informative.
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The Federal Reserve is directly buying stocks, bonds, junk bonds, mortgages, junk mortgages, all to prop up the value of assets owned by the top 5%. This does not spur much new production or create jobs. Michael Hudson joins Paul Jay on theAnalysis.news podcast
Bill continues his history of modern financial fraud in America. He says the dark side of “financial discipline”, is the Merrill Lynch’s and Goldman Sachs of the world don’t provide discipline. They provide cash. They fund the expansion knowing it’s crap because they know as long as it’s going up, they personally, not Goldman, they personally will make a ton of money. Bill Black on theAnalysis.news with Paul Jay.
Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors. Hyman Minsky, who understood that financial instability is inherent to capitalism, proposed changing the economy’s objective to employment.
The Trump administration engineered one of the most remarkable agricultural political business cycles in American history. Tom Ferguson joins Paul Jay on theAnalysis.news.
This panel discussion was part of the fourth annual UNCTAD YSI Summer School. Read more about the summer school here and join us live next time!
This interview was originally published on May 25, 2014. Mr. Lapavitsas says that capitalists have learned how to make huge profits without producing anything useful.
