This is an episode of Reality Asserts Itself, produced on June 10, 2014. On Reality Asserts Itself, Mr. Johnson says the scale of the political investment of finance – six, seven hundred million dollars – is overwhelming. With the political power of finance, do we still have a democracy?
Henry Giroux and Paul Jay discuss the events of Jan 6th, the destruction of public education and degeneration of mass culture, on theAnalysis.news
Allied with landlords and monopolists, the finance sector is extracting economic rents from the economy that’s impoverishing US government, industry and labor says Michael Hudson discussing the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.
Banking and finance are essential to a modern economy, but they don’t have to be privately owned to do it. The Federal Reserve must be transformed to create a system of publicly-owned banks. Gerald Epstein joins Paul Jay on theAnalysis.news podcast.
If current trends continue, in 10 years’ time wages will be back to the brink of the abyss level of 1930. If governments opt for premature fiscal tightening, the recovery will fizzle out by 2022, says Richard Kozul-Wright, the Director Division of Globalization and Development Strategies at UNCTAD.
Trump’s economic policies have not addressed the fundamental forces that have gutted industrial jobs under the administrations of both parties, says economist Michael Hudson on theAnalysis.news podcast with Paul Jay.
This interview was originally published on May 28, 2014. Mr. Lapavitsas says that during the financial crisis the power of the state was mobilized to save finance.
This is an episode of Reality Asserts Itself, produced on June 9, 2014. Mr. Johnson says the idea that you were going to cut taxes massively and this was going to lead to a growth in revenue and close the deficit was silly.
The Federal Reserve has been subsidizing the megabanks, but what’s needed is an institution that provides the backstop, the loan guarantees, the subsidies, the lines of credit, et cetera, to support the development of a whole variety of public financial institutions. Gerald Epstein on theanalysis.news podcast with Paul Jay.
The massive finance firm Blackrock says there will be “de-globalization” and intensifying rivalry between the U.S. and China no matter who wins the November elections. Heiner Flassbeck says Europe cannot agree to take sides, on theAnalysis.news podcast with Paul Jay.
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