Globalization

Capitalism Will Hit the Wall Again, Hard – Heiner Flassbeck on RAI Pt 5/5
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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.

The Necessity for Higher Wages – Heiner Flassbeck on RAI Pt 4/5
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The Necessity for Higher Wages – Heiner Flassbeck on RAI Pt 4/5

Mr. Flassbeck, former head of UNCTAD, says we’re going into the Japanese scenario, a stagnation with a kind of deflation because we have no purchasing power in the hands of the mass of the consumers. This is an episode of Reality Asserts Itself, produced July 31, 2014, with Paul Jay.

The U.S. Dollar and the Search for a  Reasonable  Capitalist –  Heiner Flassbeck on RAI Pt 3/5
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The U.S. Dollar and the Search for a Reasonable Capitalist – Heiner Flassbeck on RAI Pt 3/5

On Reality Asserts Itself, Mr. Flassbeck says the stock market bubble can burst at any moment because everybody knows there is no real growth behind it; then we are really in trouble as the whole effect of stabilization will disappear in one moment. This is an episode of Reality Asserts Itself, produced July 31, 2014, with Paul Jay.

Racing to a Dead End  – Heiner Flassbeck on Reality Asserts Itself Pt 2/5
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Racing to a Dead End – Heiner Flassbeck on Reality Asserts Itself Pt 2/5

Mr. Flassbeck, former head of UNCTAD, says current economic policy is heading back to the 1930s, a race to the bottom, they have no solution at all, we will end up again in trade wars or other wars. This is an episode of Reality Asserts Itself, produced July 29, 2014, with Paul Jay.

Reaganism and Thatcherism were Intellectually Dishonest – Heiner Flassbeck on RAI Pt 1/5
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Reaganism and Thatcherism were Intellectually Dishonest – Heiner Flassbeck on RAI Pt 1/5

Mr. Flassbeck, former director of UNCTAD, discusses growing up in a US-dominated Germany and his opposition to the birth of neoliberal economics. This is an episode of Reality Asserts Itself, produced July 25, 2014, with Paul Jay.

Imperialism Then and Now: Drain of Wealth, Depression, Role of the State and Globalization-Pt 2/3

Imperialism Then and Now: Drain of Wealth, Depression, Role of the State and Globalization-Pt 2/3

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.

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