Surviving Capitalism (Not) : Decades of high unemployment likely [12:29m video]

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Monday, June 21, 2010

Decades of high unemployment likely [12:29m video]

from The Real News Network.

Paul Jay interviews Deane Baker who is the co-director of The Center for Economic and Policy Research. Unfortunately, Jay and his guest seem to believe that the US managed elections can change anything. Otherwise the comments by Baker clearly indicate that the ruling class is following the theme expressed by Rahm Emanuel: "never waste a crisis", or something to that effect. In other words, the economic crisis is maintained precisely to do away with, or cut back, on Social Security, Medicare, etc. I have little doubt that the crisis was allowed to happen, in addition to bubble induced profits, precisely for this reason.