A market is going to shrink and shrink and so we look like greece looks up in the last 5 years the think of the normal slipping away groups that if lation and rent this lady should be ok stephen well im really glad that michael brought up the 2008 financial crisis as we have a reputation a reputation about it and it in this year where this was a artificially induced recession benefited the one percent you cant not keep stressing that year but what 202020 in 2008 have been common is that you have this massive transfer of wealth upward again upward again ok and so again i mean my underlying theme in this whole program is that half the country liberate speaking specifically about the United States that michaels reference to greece is a perfect one i think youre basically writing off tens of millions of people america hundreds of millions of people in the western more heads yeah i mean to do the work which sane. Is a process where the wealthy who go will they go through debts and this is s
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
Have witnessed what is the greatest failure of any president ial administration in history of our country. Politics and peoples lives. Would. Cope with the death toll on the country seeing a new surge of Infection Health ministers praise for the governments handling of the crisis is called into question. The state of the u. S. Economy as it faces a socalled recovery ahead of the u. S. Election. To bring you the Morning Headlines in just under an hours time join us again that. Hello and welcome to. You considered im Peter Lavelle him. Maines unclear who will be the occupant in the white house this january what can be easily predicted is the state of the economy where tens of millions of citizens it appears what is called the case shaped recovery is permanently dividing the country and the haves and the 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 univers
Hello and welcome to cross talk were all things are considered im Peter Lavelle it remains unclear who will be the occupant in the white house this january what can be easily predicted is the state of the economy where tens of millions of citizens it appears what is called the case shaped recovery is permanently dividing the country and the house and the have nots and this seems to be acceptable for those who are the outs. 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 originally 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 jus
In the Central Asian state has left hundreds injured. In just a few moments time that back in an hours time voted to bring you the latest global news update will see you again. Hello and welcome to cross talk where all things are considered im Peter Lavelle it remains unclear who will be the occupant in the white house this january what can be easily predicted is the state of the economy where tens of millions of citizens it appears what is called the case shaped recovery is permanently dividing the country and the house and have nots and this is. 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 he 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 Univers