Guns and Butter, for March 16, 2011 - 1:00pm
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Guns and Butter - "The View From Europe" with Michael Hudson.Download this clip (mp3, 10.27 megabytes)
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Financial and fiscal austerity policies; the appeal of economic austerity to bankers; economic depression and war; post-WWII vs. post-cold war economic policy; government to government grants vs. commercial lending; the euro and dollar; privatization in New Zealand and elsewhere; social unrest; speculation and prices; criminalization of the economy; impoverishment of the US.
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Comments
What happened to all the other comments here? You seem to have lost them all in favour of one rather bland comment. Shame really. The others were so much more interesting and from a global perspective too. You American's should listen more to what others have to say rather than being so insular and introverted.
Michael Hudson has it right. Unfortunately we've been collectively deluded by an outwardly high standard of living, insidiously effective propaganda, and the nefarious prospect of "socialism"; thus we don't realize our living standards have been plunging. Our educational system isn't very good, and we don't critique what we've been told. This is especially apparent in economics classes. All those graphs depicting productivity don't mean anything when much of wealth is derived from asset and debt inflation. Most of us aren't in New Zealand or the Eastern European backwaters, but the US, Canada, and the various neoliberal states aren't doing that much better.
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