Is there a chance of another economic meltdown?
May 9, 2011 § 1 Comment
Gerald Epstein: Real message of S&P downgrade of US debt outlook is threat of another meltdown of finance sector.
Meanwhile, Goldman Sachs, the investment giant that brought you the financial crisis and world food crisis, is lobbying to weaken the Volcker rule, which is designed to limit banks from speculating with their own money.
Also, Michael Hudson and Richard Wolff discuss debt and the broken system.
James Crotty: Objective of austerity campaign is a return to unregulated capitalism and weak unions of the 1920s.
James Crotty: High deficits deliberately created to justify return to 1920’s capitalism.