Weekend Economists Go Eat Worms March 27-29, 2015

[DemReadingDU]

33. Richard Wolff: Bailouts, Greece & Capitalism

3/28/15 Richard Wolff: Bailouts, Greece & Capitalism
Program #WOLR010. Recorded in Hollywood, CA on February 11, 2015.

Lousy job prospects got you down? Deep in debt? Welcome to 21st century capitalism. The dominant ruling class has one mantra: More for Me, Less for You. That has certainly proven true. Workers' incomes have gone flat while the rich have gotten richer. Maybe Desperate Housewives should be replaced with a series called Desperate Workers. The global economic crisis continues to take an enormous human toll. In many ways, Greece has become the symbol of an economic system in disarray. While banks were bailed out, the people of the cradle of Western civilization were subjected to an EU German-directed austerity program. While banks were bailed out, the people of the cradle of Western civilization were subjected to an EU German-directed austerity program. The bad joke is the Bundesbank has done today what the Wehrmacht was unable to do in World War Two. Greece is on its knees. But the Syriza Party is resisting diktats from Brussels and Berlin and offering hope to beleaguered Greeks.

http://www.alternativeradio.org/collections/latest-programs/products/wolr010


P.S.
This is the best explanation of what is going on in Greece, capitalism, and democracy that I have ever heard. It was on the Alternative Radio program this morning. I have looked everywhere for the audio. Unfortunately, one has to buy the mp3 or transcript.