Updates on US working conditions 2017, looming US recession and plans for negative interest rates, schools raise funds by shaming poor school children, and the economics of fascism. Major discussion: why FDR’s New Deal (successful trickle up economics) was not repeated after 2008 (unsuccessful trickle down economics). Consequences of post-1945 destruction of coalition that produced New Deal. Download this episode …
Alternative Visions – The New Phase of Global Capitalism Post-2008 – 07.07.17
Dr. Rasmus explains how the global capitalist economy entered a new phase of evolution with the 2008-09 global financial crash and recession, and how central banks have become the primary economic policy institution for the advanced economies. Â Central banks have been transformed since 2008 from institutions designed to bail out the private banks in periods of crises, into institutions that …