Surviving Capitalism (Not) : Austerity in the Face of Weakness Prt 1 (13:13m 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

Thursday, August 26, 2010

Austerity in the Face of Weakness Prt 1 (13:13m video)

from The Real News Network. Paul Jay interviews Doug Henwood of the Left Business Review about the current economy and future prospects.

It is clear that the capitalist system is running into some major contradictions. It will be interesting to see in future segment(s) of this interview how Henwood sees these contradictions being played out.