Naomi Klein Blames Greenspan, Deregulation for Economic Crisis

Complete video at: http://fora.tv/2008/10/20/Naomi_Klein_and_Joseph_Stiglitz_on_Economic_Power

Liberal commentator Naomi Klein blames Alan Greenspan for the current economic crisis, citing the former Federal Reserve Chairman's push to deregulate financial systems such as derivatives markets as a key element of the crisis.

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What is the role of the U.S. in the disposition of the world's economic and environmental resources? How are financial markets best defended from economic shock? Does liberalization ensure prosperity?

Journalist Naomi Klein speaks with economists Joseph Stiglitz and Hernando de Soto in a conversation moderated by David Harvey, Distinguished Professor of Anthropology at the Graduate Center - City University of New York (CUNY)

Naomi Klein is an award-winning journalist, author, and filmmaker. Her first book, the international bestseller No Logo: Taking Aim at the Brand Bullies, was translated into twenty-eight languages and called "a movement bible" by The New York Times. She writes an internationally syndicated column for The Nation and The Guardian and reported from Iraq for Harper’s Magazine. In 2004, she released The Take, a feature documentary about Argentina's occupied factories, co-produced with director Avi Lewis. She is a former Miliband Fellow at the London School of Economics and holds an honorary Doctor of Civil Laws degree from the University of King's College, Nova Scotia.

Category:

News & Politics

Tags:

• naomi
• klein
• alan
• greenspan
• deregulate
• deregulation
• regulation
• capitalism
• finance
• financial
• markets
• free
• market
• regluated
• bailout
• wall
• street
• fora.tv
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[khallaghi]

"The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic State itself.

That, in its essence, is Fascism ownership of government by an individual, by a group, or any controlling private power."

[snoopyflick]

Lol, the derivatives market was truly a free market, and therefore that destroys free markets :P Never mind all the wrong incentives created by the government in the financial industry. Nevermind that you had the Federal reserve creating this boom. Never mind that the Austrian Business cycle perfectly explains this crises. Never mind Trillions are taxed for war. It the radical free marketers that caused this, just like Canada sucks because of Marxist(Canada is more economically free than the US)

[eggory]

Can't this imbecile speak for two full minutes without contradicting herself? "It turns out that golden parachutes..." are a multi trillion dollar government intervention in that sector of the economy, and by no measure can that sector therefore be called free-market. Does that make any sense to you? No, to pseudo-socialists everywhere, crony capitalism IS the free market. It doesn't count, if the government is intervening to inject injustice INTO the system, that's just the free market at work!

[isaysee]

-- Regimented spelling is for regimented, cuntroled, eunuchforms like ewe. The object of spelling is to serve in facilitateing communication- hence *ELUCIDATION*. AndSooo, by the way, - *ONCE AGAIN* , - it hasn't taken you long at all to show yourself to be EXACTLY what I've surmised --- or perhaps, - no more then a parrot.

[qwertypoiu4321]

@isaysee You once again have shown you do not know how to spell. Naomi Klein is a hysterical marxist fool, as are you.

[isaysee]

@qwertypoiu4321-Saying the truth isn't lieing..You know that,-so thats another lie. I'm not a moron, AND you know that also- so there's another.Furthermore, your use of "moron" as an insult shows you to be cruel & indicates a VERYHIGH degree of cowardice. Moreover, your resort to insult shows the groundlessness of your assertions. Are you ashamed of how quickly you've exposed your nafarious & cruel tendencies? I think you ARE - & you will soon prove your cowardice too. Your a liar & a bad one

[qwertypoiu4321]

@isaysee I am not sure how saying the truth is lying...

P.S. You may want to try out spell check some time moron.

[isaysee]

@qwertypoiu4321 ----- you're lieing ----- and badly

[qwertypoiu4321]

Naomi Klein is an hysterical Marxist idiot with a stylized-blurb understanding of reality.

[isaysee]

- Atlas didn't shrug , - Atlas SHIRKED. - Our ruling class needs to "heal thyself ". Our working class & peasants & poets & puddinheads are no match for them. Blaming wellfare cheats, dropouts, the blind loyalty of the faithful - etc, for the abysmal developments that plague US is absurd. The ones in charge & in power & in the KNOW are the ones responsible. They know it & they know who they are. The rest just gotta' ride the waves, hope 4 truth & " don't let the bastards get ya down"

[isaysee]

-Greenspan + anyone else who thinks " reputation " matters to people who can get their hands on the kind'a money that puts'em beyond the law is naive to say least. - ***GOVERNMENT IS GOOD***-- And to govern FOR the good,- it must have money enough to DO good... Money is in the hands of those of us who have it . Gov't can Tax&Spend or Print&Spend --BUT SPEND IT MUST ! . Printing it hurts EVERYONE. Poor can't afford it..Taxing weath&income makes most sense & helps keep US safe from ALFA AVARICE

[DelmarBos]

@LogicalFlawDetector I was about to write a response not nearly as articulated as yours, then saw this, and got lazy so will merely write, "I concur"