Look Back in Anger (at the 07/08 Crash) Richard Kozul-Wright (pt2/4)

Look Back in Anger (at the 07/08 Crash) Richard Kozul-Wright (pt2/4)

In dealing with the Covid economic crisis, governments must not repeat the strategy of the last crisis, where the withdrawal of fiscal stimulus adversely impacted growth, the continuation of quantitative easing, and low-interest rates propelled asset prices ever higher. It led to a combination of high inequality, financial fragility, huge amounts of debt, and growing anxiety everywhere.

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.