Today's Well-read Red, Laurie Mercier, says, "Thanks to the outrage over the AIG bailouts and bonuses, it is no longer cool to be rich. There is a new populist resentment brewing, and the left must seize the opportunity to build movements to constructively direct that anger into building a new system that provides for all, not the rich few." More on this here, here<
In the past week there has been intense outrage over AIG executive bonuses and other manifestations
In the past week there has been intense outrage over AIG executive bonuses and other manifestations of corporate greed. How do we go beyond the angry mob mentality? Guest Rob Johnson, who co-wrote "Too Big to Bail: The 'Paulson Put,' Presidential Politics, and the Global Financial Meltdown" with Thomas Ferguson, provides a larger context for understanding the current financial crisis and analyzing the knee-jerk responses that currently rule in the mass media.
Capitalism Hits the Fan: Richard Wolff on the Economic Meltdown
Richard Wolff has been a professor of economics at the University of Massachusetts since 1981. Dr. Wolff's major interests include the critical comparison of alternative economic theories (neoclassical, Keynesian, and Marxian), the application of advanced class analysis to contemporary global capitalism, and new developments in Marxian economics. He is a member of the editorial board of several academic journals including Rethinking Marxism. He also publishes regular analyses of current economic events on the websites www.globalmacroscope.com and www.monthlyreview.org/mrzine. He has co-authored several books with Stephen Resnick, including The Economics of Colonialism: Britain and Kenya; Rethinking Marxism: Struggles in Marxist Theory; Knowledge and Class: A Marxian Critique of Political Economy and Economics: Marxian versus Neoclassical. He also co-authored Bringing it all Back Home: Class and Gender in the Modern Household with Harriet Fraad and Stephen Resnick.
"Capitalism Hits the Fan: Richard Wolff on the Economic Meltdown" is a new DVD from the Media Education Foundation.
Host Per Fagereng speaks with Pepe Escobar, reporter for "The Asia Times" about Afghanistan.
An extreme traveler, Pepe's nose for news takes him to all corners of the globe. He was in Afghanistan and interviewed the military leader of the anti-Taliban Northern Alliance, Ahmad Shah Masoud, a couple of weeks before his assassination (Masoud: From warrior to statesman, Sept 11, 2001). Two weeks before September 11, while Pepe was in the tribal areas of Pakistan, "The Asia Times" published his prophetic piece, Get Osama! Now! Or else . (Aug 30, 2001). Pepe was one of the first journalists to reach Kabul after the Taliban's retreat, and more recently he has explored and reported from "Axis of Evil" countries Iraq and Iran.
Host Robyn Shanti speaks with Michael Shuman, economist, attorney, author, and entrepreneur. Michael is a visionary leader in the field of community economic development and advisor for the Rural Development Initiatives' Connecting Oregon for Rural Entrepreneurship (CORE) project. Michael has authored, coauthored, or edited seven books, including The Small Mart Revolution: How Local Businesses Are Beating the Global Competition and Going Local: Creating Self-Reliant Communities in the Global Age. Shuman is Director of Research and Public Policy for the Business Alliance for Local Living Economies (BALLE),
Financial consultant Catherine Austin Fitts on Bernie Madoff, the permanent war economy and new revelations about a Bush Administration executive assassination ring, former CIA operative Ray McGovern on APAC and it's attack on Chas Freeman, and an interview with a leading human rights attorney from Haiti.