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How Capitalism Pillages the Planet and Creates Chaos – Patrick Bond Pt. 1/2
Following decades of ongoing mineral extraction, environmental plunder, and the subsidization of the fossil fuel industry, the second Trump administration’s aggressive pro-drilling agenda unapologetically seeks to seize as many foreign and domestic minerals and dirty energy sources as possible. Patrick Bond, political economist and Director of the Centre for Social Change in Johannesburg, discusses the mix of neoliberalism and paleo-conservatism undergirding Elon Musk’s corporate takeover of the US government. Bond also discusses the motivation behind US Secretary of State Marco Rubio’s decision to skip the solidarity-equality-sustainability G20 in South Africa, and the implications of the US’ withdrawal from international climate agreements, slashing of emissions-reduction goals, and support for destructive carbon-intensive industries.
Debt Ceiling Theater and the Trump Parallel Universe
Paul Jay interviews Tom Ferguson about the debt ceiling crisis in the United States. Ferguson explains that the debate over the debt ceiling is largely theater, with both Democrats and Republicans working together to cut spending while maintaining the appearance of opposition. He criticizes the Democrats for not raising the debt ceiling earlier when they had the opportunity and suggests that their reluctance is due to their desire to secure more campaign funding for future elections. Ferguson argues that the spending cuts rolled back are not significant enough to impact inflation and proposes alternative measures, such as taxing the wealthy and reducing defense spending, to address the issue. He also discusses the influence of money in politics and the Democratic Party’s efforts to weaken the progressive wing.
Part 2: Debt and the Collapse of Antiquity – Michael Hudson
In part two, Michael Hudson discusses his new book “The Collapse of Antiquity.” Hudson challenges the traditional beliefs about the fall of the Roman Empire, arguing that it was caused by a financial crisis brought on by excessive debt, wealth inequality, and the concentration of economic power. Hudson draws parallels to modern-day economies and highlights the dangers of financialization and wealth concentration.
Bill Black pt 3/9 – The Best Way to Rob a Bank is to Own One
How does a corrupt mortgage scam by brokers in California become a massive national fraud that puts the whole economy into a deep crisis? Bill Black on theAnalysis.news with Paul Jay.
Is China’s Trade Predatory or for Mutual Benefit? – Hudson and Bond pt 2/2
Is China’s Belt and Road initiative a socialist or capitalist approach to trade? Michael Hudson and Patrick Bond discuss and debate on theAnalysis.news with Paul Jay
Capitalism Will Hit the Wall Again, Hard – Heiner Flassbeck on RAI Pt 5/5
Mr. Flassbeck says people must get politically engaged and find an alternative or we will face dictatorship because today’s capitalism is out of answers. This is an episode of Reality Asserts Itself, produced August 3, 2014, with Paul Jay.