TheRealNews on Feb 26, 2017
Michael Hudson, author of the newly released J is for Junk Economics, says the media and academia use well-crafted euphemisms to conceal how the economy really works.
with Chris Hedges
RT America on Dec 11, 2016
On this week’s episode of On Contact, Chris Hedges discusses the damage done to Europe by neoliberal policies with Philipp Ther, author of “Europe Since 1989: A History”. RT Correspondent Anya Parampil looks at the current rise of the far right in Europe spawned by neoliberalism.
TheRealNews on Nov 17, 2016
Economist Michael Hudson explains how economic terms like capital gains are deployed to mislead the public about who is benefiting from economic policy and where wealth is going.
with Chris Hedges
RT America on Sep 10, 2016
On this week’s episode of On Contact, Chris Hedges sits down with economist Mark Blyth to discuss the detrimental ramifications of austerity programs following the 2008 financial crisis. Professor Blyth, author of “Austerity: The History of a Dangerous Idea” addresses the political effects of the spending cuts and considers why the elites will not take responsibility for the fallout. RT Correspondent Anya Parampil examines the impact austerity measures have had on the American working class and the poor since 2008.
RT America on Jul 23, 2016
In this week’s episode of On Contact, Chris Hedges explores capitalism in crisis with Richard Wolff, professor of economics emeritus at the University of Massachusetts-Amherst. From Brexit, to labor protests in France, to Italy’s financial woes, they discuss the effects of austerity on the working class. RT Correspondent Anya Parampil looks at the fallout of Britain’s decision to leave the European Union.
Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.
Every time layoffs are announced or vital government benefits are slashed, we’re told that there is no alternative because the money isn’t there. But this is a bald-faced lie, explains Socialism…Seriously: A Brief Guide to Human Liberation., author of
DOUGLAS, ARIZONA, is a town on the Mexico border with 17,000 people and now no hospital.
“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972)
In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.
In the early hours of Thursday morning, July 16, the Greek Parliament passed a host of austerity measures in order to begin talks on a potential third bailout of 86 billion euros. The austerity measures were pushed onto the Parliament by Greece’s six-month-old leftist government of Syriza, elected in late January with a single mandate to oppose austerity. So what exactly happened over the past six months that the first anti-austerity government elected in Europe has now passed a law implementing further austerity measures?
Just after 7 PM Greek time on Sunday, I was told that the “No” vote (Gk. Oxi) was winning approximately 60/40. The “opinion polls” showing a dead heat evidently were wrong. Bookies across Europe are reported to be losing their shirts for betting that the financial right wing could fool most Greeks into voting against their self-interest. The margin of victory shows that Greek voters were immune to media misrepresentation during the week-long run-up as to whether to accept the troika’s demand for austerity to be conducted on anti-labor lines.
Back in January upon coming into office, Syriza probably could not have won a referendum on whether to pay or not to pay. It didn’t have a full parliamentary majority, and had to rely on a nationalist party for Tsipras to become prime minister. (That party balked at cutting back Greek military spending, which was 3% of GDP, and which the troika had helpfully urged to be cut back in order to balance the government’s budget.)