It appears what is called the case shaped recovery is permanently dividing the country and to haves and have nots and this seems to be acceptable for those who are the house. To discuss this and more im joined by my guest Michael Hudson in new york is a professor of economics at the university of missouri kansas city and author of through give them their debts and in bangkok were joined by steve keen hes a crowdfunding professor of economics on a tree on as well as a distinguished Research Fellow of the institute for strategy resilience and security of University College london gentlemen crossed up rules in effect that means you can jump in anytime you want and i always appreciate it ok let me go to michael in new york you know this just term the new normal. Bandied about and what really worries me is the people that use the new normal where its a normal that is beneficial to them ok and theyre not particularly concerned about it ok because i hear more and more talk read more and more
It ok because i hear more and more top read more and more about a cave recovery and that is that in michigan a defeat in my in my opinion because it means the if you have the k. Its the the leg of the k. Youve given up on ok because the other part. Of the economy its true because its that in their benefit here i really worry when people talk about new normals and when they talk about the economy youre my friend well who has become normal since 2008 has been completely different from the old normal people have the normal youre go back to a balance but really the economy hasnt grown at all since the 2008 crisis all of the growth in g. D. P. All of the growth in wealth has accrued to the Financial Sector to the real estate sector to the one percent for the 99 percent oh theyve gone down and down and down so the new normal is you cant get rich again by hanging out. And joining the middle class like you goes through the new normal has all of the year increase in wages in service in rents an
Hardy. Tonight, we are in tara hot in the museum. Let me introduce you to one of our guests with us throughout the program tonight. Earnest free bird is a debs biographer. Its been 85 years since debs died. Why would we care about him . He was one of the most important labor leaders and in a crucial time of conflict between labor and capital. He was the central figure in the socialist movement at a time when it was a viable and growing part of the american political culture. Is he interesting as a snapshot in time . Where does he have a Lasting Legacy . Like many Third Party Candidates he and his fellow socialist managed to move the conversation and import directions that have affected the development of american democracy ever since. In that regard, he is of his time, but also having a long impact. Well have time to delve into some of the elections more deeply later on. Of the five bids he made for the white house, are any particularly significant . Two for different reasons. The 1912
His return to his hometown of terre haute, indiana following his release from prison by president harding after a federal conviction stemming from the war protests. And tonight were in terre haute in the debs home and museum. Let me introduce you to our guests. Earnest freebuerg. Why do we care about him . Debs was one of the most important labor leaders at a crucial time of conflict between labor and capital. But more importantly, he was the central figure in the socialist movement at a time when it was a viable growing and important part of the american political call chu v culture. Does he have a Lasting Legacy . Like many third party candidates, they managed to move the conversation in very important directions that have affected the development of american democracy. So in that car, he is of his time but also at a long impact on us as well. And well have time to delve into some of the elections more deeply later on, but of the fire bids he made for the white house, any particularl
Heavily in the new west coast talk breaks down the prospects for an economic recovery. Hello and welcome across top were all beings are considered im Peter Lavelle as the culture war consumes american politics during this election cycle the economy remains in a big area state millions of people live on the margins the only constant for them is insecurity economists debate and eventually recovery they speak of you of the end you know but is the reality a k. A recovery a permanent underclass. To discuss this and more im joined by my guest Richard Wolffe in new york he is Professor Emeritus of economics at the university of massachusetts amherst as well as author of the recent books understanding socialism and understanding marxism and in west cork we cross to peter schiff he is chief global strategist at europe a civic Asset Management right gentlemen crosswalk rules in effect that means you can jump in anytime you want and i always appreciate it ok lets go to new york richard you know l