It looks like there’s not much left of Biden’s climate legislation as he heads to Glasgow planning to lecture China and the world. What should he be doing about the climate crisis? Bob Pollin 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.
Young Scholars Initiative – This panel discussion was part of the fourth annual UNCTAD YSI Summer School.
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 reviews the connection between imperialism and capitalism through history to stress that by necessity of the accumulation of wealth, somewhere demand has to be suppressed to provide cheap inputs to ‘the markets’. The colonialist relation is retained to the present, with changing subjects.
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.
This panel discussion was part of the fourth annual UNCTAD YSI Summer School. Read more about the summer school here and join us live next time!
The final segment of our series with Bill Black on modern American financial fraud.
In a report from rural Wisconsin, Ann Morrison says she and her neighbours are suffering from decades of neglect as the local economy has been wrecked by neoliberal polices from both major parties. She calls for an FDR style New Deal and to stop blaming the poor for poverty.
Chuck Collins, a member of Patriotic Millionaires, has unraveled how the super-rich use the wealth defense industry to gain power in its efforts to hoard and hide their clients’ assets. As a result, it becomes a parasitical appendage on the real productive economy, extracting rents and fees from the wealthy and enterprising sectors of the economy. Mr. Collins joins Paul Jay on theAnalysis.news
The Dodd-Frank legislation and stress test, do nothing to stop systemic-risky financial institutions from blowing up the economy again. Bill Black joins theAnalysis.news with Paul Jay.
Bill picks up the history of financial fraud with the Obama administration. Finance has targeted Black and Latinx families with sub-prime and liars loans and the crash wipes out 60-70% of their accumulated household wealth. What does Obama do? Bill joins Paul Jay on theAnalysis.news
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.
Why did the Fed allow the collapse of Lehman Brothers? How did liars loans and fraud become so pervasive throughout the financial sector? Bill Black continues his history of financial fraud on theAnalysis.news with Paul Jay.
The weakness of regulations and resources to enforce accountability on the finance sector is by design. Regulators’ budgets have been gutted, and even weak laws made unenforceable. Unless individual bankers go to jail when they commit fraud, nothing will change. Bill Black on theAnalysis.news with Paul Jay.
How does a corrupt mortgage scam by brokers in California become a massive national fraud that puts the whole economy into a deep crisis? Bill Black on theAnalysis.news with Paul Jay.
Will a large infrastructure plan create inflation? If inflation is linked to higher wages, that’s not bad for workers, says Pollin. Large increases in inflation have been linked to higher oil prices which are unlikely. What’s missing from the Biden plan is it doesn’t sufficiently address a just transition for fossil fuel workers. Bob Pollin joins theAnalysis.news 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.
There are major divisions in the E.U. about how to handle the pandemic and economic crisis, the domination of Germany and France, and relations with China and the U.S. Mark Blyth on theAnalysis.news with Paul Jay.
Political economist Mark Blyth explains why inflation in the U.S., Canada, and the E.U. is highly unlikely. There is a great deal of room for more government spending and higher wages before much inflation is possible. Mark joins Paul Jay on theAnalysis.news
In part two of the series, Bill picks up the story of the S&L fraud of the ’80s, when bankers were charged and went to jail – unlike what has happened since. Bill Black joins Paul Jay on theAnalysis.news
Bill Black traces the history of modern American financial fraud starting in this episode with the S&L Banking scandal. Bankers continue to loot their banks, customers, and society to this day. Part 1/9, on theAnalysis.news with Paul Jay.
The U.S. SEC has opened an investigation into Archegos Capital’s Bill Hwang and trades that led to $20 billion in losses for his firm and perhaps billions more for various banks. What kind of perverted system allows such chaos? Bill Black on theAnalysis.news with Paul Jay.
Texas’s electricity market “reforms” made the current crisis inevitable
A Detroit community demands a new Amazon warehouse meet job and environmental guarantees; Amazon workers in Alabama fighting to unionize. Community activists and union organizers Tonya Myers and Frank Hammer on theAnalysis.news
Democrats are caught in structural hypocrisy as they juggle the interests of Wall. St, workers, the right-wing and the progressive wing of the party. Rana Foroohar and Mark Blyth join Paul Jay on theAnalysis.news podcast.
Robert Pollin and Noam Chomsky’s new book is titled, The Climate Crisis and the Global Green New Deal: The Political Economy of Saving the Planet. In this segment, Bob lays out the policies that must be enacted in order to meet the targets set by the IPCC. Bob Pollin joins Paul Jay on theAnalysis.news podcast.
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.
Is the level of political discourse a reflection of the rise of fascism in the United States? Will Biden set the stage for a more dangerous far-right demagogue? Adolph Reed and Leo Panitch say organizing a renewed labor movement is crucial for defeating the rise of fascism. On theAnalysis.news podcast with Paul Jay
Rana Foroohar, Financial Times columnist and author (Don’t Be Evil: How Big Tech Betrayed Its Founding Principles), and Mark Blyth, political economist and author (Angrynomics), join Paul Jay for a wide-ranging conversation about the deepening depression, inequality, and China. On theAnalysis.news podcast.
Earl Katz has been fighting since the late 1960’s for governments and the public to face the urgency of the climate crisis. Now he wonders if it’s too late. On theAnalysis.news podcast with Paul Jay.
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.
Finance is being propped up with public money while states and cities face disaster. BIll Black joins Paul Jay on theAnalysis.news podcast
The Federal Reserve’s finger in the dike won’t contain the economic storm; we need to think through the steps of achieving democratic central planning and public ownership. Leo Panitch on theAnalysis.news podcast with Paul Jay.
Democrats and Republicans fostered an environment with little accountability for finance and big corporations, says Tom Ferguson on theAnalysis.news podcast with Paul Jay
On Reality Asserts Itself, Ms. Foroohar and host Paul Jay discuss the merging of finance and big tech and the threat AI poses to working people and the economy; they also discuss the potential of AI in addressing the climate crisis and making a more rational and equal society possible – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
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.
This interview was originally released on April 28, 2017. The Next System Project’s Gar Alperovitz tells Paul Jay that the Federal Reserve should use quantitive easing, i.e. create money, to take Big Oil companies out of the equation and finance a massive green infrastructure program.
This interview was originally released on April 28, 2017. The Next System Project’s Gar Alperovitz tells Paul Jay that the Federal Reserve should use quantitive easing, i.e. create money, to take Big Oil companies out of the equation and finance a massive green infrastructure program.
This interview was originally published on March 1, 2015. Mark Reutter, author of Making Steel: Sparrows Point and the Rise and Ruin of American Industrial Might, talks about why steel production collapsed across America.
This interview was originally published on February 24, 2015. Mark Reutter, author of Making Steel: Sparrows Point and the Rise and Ruin of American Industrial Might, talks about why steel production collapsed across America.
This interview was originally published on February 23, 2015. Mark Reutter, author of Making Steel: Sparrows Point and the Rise and Ruin of American Industrial Might, talks about why steel production collapsed across America.
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.
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.
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.
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.