Michael Hudson: Biden Between BlackRock and a Hard Place
The Biden Administration is intertwined with Wall Street but must deliver some election promises to workers. Michael Hudson joins Paul Jay on theAnalysis.news.
The Biden Administration is intertwined with Wall Street but must deliver some election promises to workers. Michael Hudson joins Paul Jay on theAnalysis.news.
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.
On Reality Asserts Itself, Ms. Foroohar says growing inequality and record student, household and corporate debt is creating a dangerous bubble, similar to the lead up to the ’29 crash; the Financial Times columnist and author of “Makers and Takers” says a few on Wall St. see it, but most businesses are doing too well to care – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says President Bill Clinton’s finance team further deregulated Wall St. including eliminating Glass-Steagall legislation allowing even riskier investments; the Financial Times columnist and author of “Makers and Takers” says this helped create the world’s largest financial institution—Citigroup— headed by Clinton’s former Treasury Secretary Robert Rubin – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” said the move from traditional pensions to 401k’s makes everyone feel they benefit from finance when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality, and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
The final segment of our series with Bill Black on modern American financial fraud.
Mr. Ratner tells Paul Jay how the message and death of Dr. King, the army occupation of Baltimore, and the police attack on the Colombia U. protest profoundly shaped the rest of his life. This is an episode of Reality Asserts Itself, produced March 6, 2014 with Paul Jay.
Why is the Fed buying corporate junk bonds and debt but won’t buy out student debt? Michael Hudson on theAnalysis.news with Paul Jay.
Henry Giroux and Paul Jay discuss the events of Jan 6th, the destruction of public education and degeneration of mass culture, on theAnalysis.news
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