Massachusetts amherst and formerly a professor of economics at yale and the new school among others hes also the founder of democracy at work and host of economic update on you tube and they have a very interesting conversation about workers strikes then i go into aggressive policing and redacted correspondent enters lee does some Fact Checking on voting but 1st lets go to that discussion between we camp and richard will. Reward thank you so much for joining me. My pleasure me glad to be here i dont know anyone better than you to diagnose the problems right now or looking at an economic crisis possibly 30 percent Unemployed People thought for an across the country and around the world if only someone had told us that such a crisis might happen if only there had been some kind of warning signs but instead no one could see that capitalism would have such a problem is that right. Well has a fuel cost but basically youre right the consensus was that we were doing really pretty well the pre
Founder of democracy at work and host of economic update on you tube and they have a very interesting conversation about workers strikes then i go into aggressive policing and redacted correspondent enters lee does some Fact Checking on voting but 1st lets go to that discussion between we camp and richard will professor wofl you so much for joining me. My pleasure me glad to be here i dont know anyone better than you to diagnose the problems right now or looking at an economic crisis possibly 30 percent Unemployed People thought for an across the country and around the world if only someone had told us that such a crisis might happen if only there had been some kind of warning signs but instead no one could see that capitalism would have such a problem is that right. Well is a fuel cost but basically youre right the consensus was that we were doing really pretty well the president s absurd claim that the economy was great or even greatest in the world. Was one thing that people winked
A very interesting conversation about workers strikes then i go into aggressive policing and reactive correspondent enders lee does some Fact Checking on voting but 1st lets go to that discussion between we camp and richard wall professor wall thank you so much for joining me my pleasure im really glad to be here i dont know anyone better than you to diagnose the problems right now or are looking at an economic crisis possibly 30 percent Unemployed People suffering across the country and around the world if only someone had told us that such a crisis might happen if only there had been some kind of warning signs but instead no one could see that capitalism would have such a problem is that right. Well is a fuel cost but basically youre right the consensus was that we were doing really pretty well with president. Claim that the economy was great or even come greatest in the world. Was one thing that people winked at each other about but not enough to really make a counter argument or a
But not enough to really make a counter argument or a counter assessment that it was as weak as it has now shown itself to be if i could just make the point in a different way this is the 3rd crash of capitalism in this new young century. In 2000 in the spring we had what came to be called the dot com crash into the sounds were 8 we had retained to be called the sub prime mortgage crash and now in 2020 we have the 3rd one their socalled coronavirus crash again and here is giving a name to each crash as if the cause and the explanation is entirely and what the trigger was you know what thats a mistake that is a economics mistake you give a kind of risk that were going to see miners are making that mistake in his or her freshman year used to point. We have had the problems that existed in 2002008 now many times it is in 2000 it was being excessive prices of dot com stocks in 2008 it was a sizeable number of our people being unable to pay their mortgages they had taken out of their own an
For joining me. My pleasure me glad to be here i dont know anyone better than you to diagnose the problems right now or looking at an economic crisis possibly 30 percent Unemployed People thought for an across the country and around the world if only someone had told us that such a crisis might happen if only there had been some kind of warning signs but instead no one could see that capitalism would have such a problem is that right. Well as a few of us to but basically youre right the consensus was that we were doing really pretty well the president s absurd claim that the economy was great or even greatest in the world. Was one thing that people winked at each other about but not enough to really make a counter argument or a counter assessment that it was as weak as it has now shown itself to be if i could just make the point in a different way this is the 3rd crash of capitalism in this new one century. In 2000 in the spring we had what came to be called the dot com crash into the