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 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.
In part two of Reality Asserts Itself, Paul Jay and Vijay Prashad discuss the limits imposed on questioning the roots of inequality and how those who own the majority of property set the terms for everyone else. This is an episode of Reality Asserts Itself, produced August 8, 2013, with Paul Jay.
This interview was originally released on January 27, 2014. Mr. Alperovitz tells Paul Jay that the experience of Spain’s Mondragon, the world’s largest workers’ co-op, shows that workers’ ownership can go to scale, but on their own co-ops will not transform society or the economy.
President Biden broke with Obama’s agreements with Cuba and is continuing Trump’s sanctions and aggressive stance. There are real problems in Cuba, but democratization and economic reforms will be decided by the Cuban people, not the U.S. or the “Miami mafia”. James Early on theAnalysis.news with Paul Jay.
This interview was originally published on June 1, 2014. Mr. Lapavitsas says we must deeply reverse financialization and take on private ownership of banking and other critical sectors.
The Right, and some of the Left, don’t want to acknowledge the critical role of white supremacy and settler colonialism in the founding of America and shaping sections of the working class. Gerald Horne joins Paul Jay on theAnalysis.news
This interview was originally published on August 7, 2014. Mr. Williams tells Paul Jay that to face up to the science of climate change, coal and oil conglomerates worth trillions of dollars have to keep their fossil fuels in the ground – something capitalism can’t allow.
On Reality Asserts Itself, Prof. Leo Panitch says it’s a dilemma that the gradualism of European social-democracy and attempts at a more radical transformation have so far both failed; Panitch says a first step towards democratizing the economy is to make finance a public utility – with host Paul Jay. This is an episode of Reality Asserts Itself, produced March 15, 2018.
No individual is more the embodiment of what is depicted as the horrors of socialism and communism than Joseph Stalin. A sober assessment of Stalin is necessary to envision what a democratic form of socialism might look like. Alexander Buzgalin joins Paul Jay on theAnalysis.news
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