Market cannot absorb well so that has lets. Stagnation this has been a crisis waiting to happen this year actually mention of a crisis and i just say you know it would have happened without the fibrous that myself 2 but many others have been talking about us being on the verge of a major recession even deeper than a recession if the us for instance that iran if argentina had declared a moratorium on its debt that would have triggered this giant structural crisis and the measures that are being taken now to address merchants see their temporary measures but theyre going to aggravate the long term structural dimensions but i think what bastes. Ahmed 19 or deal dreams. Been assassin or structural agree justin and what i mean by that is that Global Production change will have to reconfigure if i may you want it or not main governments including the American Government i now actively thinking about bringing the production oh. Supply home and thats hardly a positive development when the tran
University of california at Santa Barbara professor romans and its good to talk to you thank you for your time thank you for having me on i can see that youre also connecting with us you know a whole no no the only one you have. A whole order war almost a month. What its been like for you. Well were on yeah were on lockdown the University Closed over a month ago d in the 1st week of march and we moved to Online Education i mean this is a completely different light we know wont last forever but i also think that were never going to go back to normalcy it will be by normalcy is great pandemic and now youve been writing about the perils of have to receive globalization for many years and i think its fair to say that youve been pretty sure radical about it by the standards of the wall street journal i wonder if these last weeks and months have changed your analysis in any way not at all i think it confirms my analysis ive been arguing for the last decade or so that what were capitalism cri
She should the way we run our politics economy and social relations well it just doesnt amount joined by William Robinson professor of sociology at the university of california at Santa Barbara professor romans and its good to talk to you thank you for your time thank you for having me on i can see that youre also connecting with us you know a whole no no the only one you have. A whole whatever war almost a month. What its been like for you. Well were on yeah were on lockdown the University Closed over a month ago in the 1st week of march and we moved to Online Education i mean this is a completely different life we know wont last forever but i also think that were never going to go back to normalcy it will be by normalcy is great pandemic and now youve been writing about the perils of capitalism globalization for many years and i think its fair to say that youve been treated radical about it by the standards of the wall street journal i wonder if these last weeks and months have chang
We dont want to do it that way. We want to go big, go solid. The country is very strong. Weve never been so strong. We dont want, with this invisible enemy, we dont want airlines going out of business, we dont want people losing their jobs or not having money to live when they were doing very well four weeks ago. So we are going big, and that is the way it will be and that is the way everybody seems to like it on the hill. Susan historian and author amity shlaes, that is President Trump and want in one of his recent announcements about the goals on a big series of Economic Relief packages to stem the Economic Impact of the coronavirus. Other World Leaders are doing the same. As we start out here, since you are looking at this through the lens of history, are there good historical parallels for the covid19 crisis . Amity the crisis is beginning to look like in 192930. It also looks like 191819, 1920. Im honored to be here. I should say, to discuss all these parallels. I want to mention
That is where mitch mcconnell, that is the way he wants to go, the way i want to go. I think we want to get it done and have a big infusion as opposed to going through little meetings every couple of days. We dont want to do it that way. We want to go big, go solid. The country is very strong. Weve never been so strong. That is what we are going to be doing. We dont want, with this invisible enemy, we dont want airlines going out of business, we dont want people losing their jobs or not having money to live when they were doing very well for weeks ago. Very well just four weeks ago. So we are going big, and that is the way it will be and that is the way everybody seems to like it on the hill. Susan historian and author amity shlaes, that is President Trump in one of his recent announcements about the goals on a big series of Economic Relief packages to stem the Economic Impact of the coronavirus. Other World Leaders are doing the same. As we start out here, since you are looking at thi