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Thomas Ferguson: Big Business Takes Cash as Workers Laid Off, States and Cities Go Bust
Democrats and Republicans fostered an environment with little accountability for finance and big corporations, says Tom Ferguson on theAnalysis.news podcast with Paul Jay
Organizing in West Virginia
“West Virginia Can’t Wait” is a movement to win a government where the people who work the hardest and bear the most are also the ones who write the laws. Katey Lauer joins Paul Jay on theAnalysis.news.
Bill Black pt 6/9 – The Best Way to Rob a Bank is to Own One
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.
Is Financialization Necessary for a Modern Economy – Costas Lapavitsas on RAI (pt 5/8)
This interview was originally published on May 27, 2014. On Reality Asserts Itself, Mr. Lapavitsas says modern capitalism requires financialization, but productive growth in the interests of the majority of people does not.
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.
Stabilizing an Unstable Economy – Jan Kregel on Hyman Minsky
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.