Economic Update – A Tale of Two Crises: 1929 and 2008 – 09.03.17

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.  Central banks have been transformed since 2008 from institutions designed to bail out the private banks in periods of crises, into institutions that …