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In this episode of The Source, Zain Raza talks with filmmaker and journalist Paul Jay about YouTube censorship and the threat of nuclear war. In addition, we talk about the growing threat of war with China and why militarization is on the rise around the world.
“America is a Tinderbox” – Chris Hedges on RAI (4/7)
On Reality Asserts Itself, Paul Jay asks Chris Hedges if the American Left bears responsibility for the weakness of the mass movement; Hedges says the gravest mistake of the left is not articulating a viable vision of socialism. This episode was produced on July 19, 2013.
The Doomsday Machine: The Big Lie of the Cold War – Daniel Ellsberg on RAI Pt 1/13
On Reality Asserts Itself, Daniel Ellsberg tells host Paul Jay that US intelligence agencies knew that Stalin was not planning to invade Western Europe or seek world domination, but based on the myth, the world came close to nuclear war ā and itās all happening again.
Hedges and Binney on NSA Policy – Reality Asserts Itself pt 2/2
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Ellsberg & Assange: Exposing Lies of the National Security State – Paul Jay
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Debt andĀ the Collapse of Antiquity – Michael Hudson (pt 1/2)
We get a first look at the new book by renowned political economist Michael Hudson on the age-old battle between creditors and the real economy. Ancient Rome refused to adopt the practices of debt forgiveness and land redistribution previously understood to be essential. Instead, they instituted a rigid pro-creditor legal system, assassinating anyone who remotely threatened it–including Tiberius Gracchus, Julius Caesar, and Jesus. The empire devolved into a rentier economy, ultimately collapsing from within. Today’s neoliberal establishment increasingly defends this failed state framework, even as the same disastrous dynamics intensify.
I suggest Mr Ferguson reread Mike Moore’s Stupid White Men on Bill Clinton being the best or worst republican POTUS America never voted for, before trying to alibi the duplicitous , absolutely corrupt , and perhaps senile Joe Biden as Americas white knight.
Voting is of little importance and has been since our defeat in Vietnam , when CIA and the the various deep state entities controlled by unelected elites decided that guys like Carter , Nixon , and Kennedy were unreliable and began openly fixing the results. These days the SCOTUS, and Electoral College are the primary tools , supplemented by electronic ballot rigging , voter suppression , and gerrymandering of districts . Whether Trump or Biden sit on the now mainly ceremonial POTUS throne is truly immaterial to the global elites that now rule most of the planet.
The characterization of today’s (since 2009) QEs as “Keynesian” stimulus is incorrect. If JM Keynes were alive today, he would be vociferously denouncing the Fed and the Treasury as irresponsible. Keynes, in his 1936 treatise, “The General Theory of Employment, Interest, and Money”, urge federal borrowing when there is growth stagnation and high unemployment. Its object was the stimulation of aggregate demand by putting people back to work. Keynes saw this as the singular responsibility of the federal government, because private investment in times of GDP stagnation is discouraged by the wide perception of unacceptable risk. Only the federal government can provide the needed employment stimulus . This is very different from increasing the reserves of the major banks so that they and their privileged borrowing corporations can help themselves in the stock market rather than invest and increase employment. That is not Keynesian stimulus.
I can think of no person who was and is still detested as much as FDR by his own capitalist class as was JM Keynes. If Keynes had been in charge at the Bretton Woods conference in place of Harry Dexter White, an agreement could have been made that might have avoided the domination of the postwar economy by the US and the ultimate breakdown of the gold standard (1971). If Keynes had been heard after WWI, the Versailles Treaty would not have set the stage for WWII. He was a profoundly far sighted political economist and one of the key intellectuals of the 20th century, as recognized and celebrated by Bertrand Russell in his “History of Western Philosophy”.
Great post I heartily agree.