Barbara Ehrenreich: Is Capitalism Dead?

Barbara Ehrenreich joined a discussion on the relevance of socialism to the current economic crisis at the Meltdown Forum hosted by The Nation magazine and The Nation Institute March 6. Other panelists included Joseph Stiglitz, Jeff Madrick and Bill Fletcher, Jr. Ehrenreich attributed a blind faith in the invisible hand of the market with creating an inequitable and unsustainable economic system. Beyond giving up this faith and moving forward, Ehrenreich urged rethinking means of production and assessing our way of life as necessary steps in creating a different future. To see more videos and listen to a podcast of the entire event, Visit http://www.thenation.com/section/meltdown101

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[tysonbc0927]

I hate when capitalists like this lady here refer to others as "capitalists" in a derogatory way. I'm relatively certain she sells her books on the free and open markets not through some socialist distribution policy. She has no problem complaining about a system in which she has succeeded.??? What a moron.

[FloydsterUtube]

She speaks the truth, it hurts huh.

[ClumsyRoot]

@KAAAching1

I'm with you. She's intolerable.

[KAAAching1]

i try and keep an open mind for everyones point of view, but i cannot handle this woman.

[sai18kit]

@L1v3for3v3R equaliztion isn't communism? Forcing the producers to give to the lazy, unwise, irresponsible? Mind you the true evil rich people will never have to suffer or pay tax, because corporatism own U.S. so it will only be the American producers who have to suffer. They will keep rushing in illegal immigrants and enlarge public sectors until the government become so big that it becomes tyranny. The Military Complex will own you all through the puppet regime under Martial Law.

[sai18kit]

@L1v3for3v3R Listen to what that guy said. He wanted to take a piece of the pie from the have and share it with the have not. He said that to Joe the plumber, also his wife wanted someone to lose their share of the pie. So on and so forth. Obama wants to add to the negative rights of the constitution. He surrounds himself with revolutionaries and communists, so do you think there are not enough proof yet?

[manor1730]

Would you force someone to live under a socialist government if they didn’t want to?

[tom6612]

@sai18kit - Seek professional help immediately.

[fede2]

i'm not impressed with her here, really. i think she is stuck in this narrow rhetorical paradigm wherein she doesn't have to be more substantial than to say "captialism= bad, socialism= good". i don't like it when people manage to get away with being so simplistic.

however she is on to something when she describes socialims as people getting together and figuring out what to do. it is pretty much true: bottum-up horizontal institutions that are more acountable and closer to the people involved.

[sai18kit]

U.S. has been practicing socialism for many years even though most people still were deceived to believe it was capitalism. Obama is a communist, not just a socialist.