GRITtv: The Fall Of Capitalism 7/16/08

There's an economic crisis but is capitalism itself in crisis? A roundtable on global capitalism with Naomi Klein, Jeff Madrick, and Bhairavi Desai. In this clip our guests respond to Bush's comment that it's the US consumer who can save the economy.

Category:

News & Politics

Tags:

• GRITtv
• Capitalism
• Collapse
• Fall
• Dollar
• Inflation
• Bush
• McCain
• Keith
• Olbermann
• Countdown
• Obama
• Iraq
• World
• Tour
• War
• Republicans
• Iran
• Impeach
• Law
• Israel
• Congress
• Articles
• Democrats
• Time
• Horizon

[elcaballodecaligula]

I don't know why some people keep this fear to socialism and what it might be. The process that worldwide society is suffering now makes us wonder id there's a posibility of change, and I honestly think capitalism is worn.

[KafkaCrow]

Is that so? Well, keep paying us badly and negecting our role in society, and well see who'll be "oppressed" then you rich bastard.

[N3XU551X]

"Were fucked were fucked royally fucked,abandon planet..." that made my morning!! lol

[dimjim07]

Were fucked were fucked royally fucked,abandon planet, woman and children first,last one of turn out the light..oh the humanity

[trfnsp470]

Are polititions have sold are jobs to other countries then they wonder what went wrong. the average worker isnt getting 37 grand a year. Thats a lie.

[portugalreis]

40 years ago Che guevarra wen't to New york for a wolrd-wide Finnance-Ministers meeting, he stated during the meeting that the fall of Capitalism wase near and America would soon fall in to poverty.

40 years later, Che guevarra is dead, Cuba is a miserabul country, the Soviet union is gone, and America is still the most powerful country in the wolrd

[HarveyRex23]

You always sound this naive? If people aren't working, and not making enough to make ends meet. People are more likely not to consume. Considering most people's incomes are going into rising healthcare and housing costs. But trying to convince you of that would be obsolete. And you go on ahead in believing whatever you want to believe. As far as the depreciating value of the dollar goes. That has a lot to do with the diminishing purchasing power of consumers.

[zalberzina]

Wrong. The issue is not about not enough money, its just not enough production aka real goods.

Try throwing a pile of paper dollars on a 'natural' island with like 100k inhabitants and see how the 'purchasing power' will speed up their economy, when there is no production at all :)

[HarveyRex23]

I believe predatory capitalism has ran it's course. It had a 230 year run in this country. And it's in the process if wearing itself out. It's a primitive and obsolete system. It needs to be dispose of, for the sake of humanity. Too many people are hurt and seen their lives destroyed as a result of this economic system.

[ramberghini]

Capitalism is a rotting log, one we must seek to dispose of and recycle to prepare for socialism, and then finally to communism. remove your fear of "red revolutionaries", they are a people driven by a love of their people, whose mission is always to better the world they live in. These men are the men closest to true freedom, and we must stand beside the red banner if mankind is ever to emerge from this final crisis. Down with capitalism. Down with inequality. Viva la revolucion y la libertad.

[stopcorporatism]

The incoming administration is trying to introduce legislation to steer us back toward being a strong capitalist country by taking some pressure off the middle class put in place by Bush. This is not socialism. In Socialism there is no middle class. Bush nearly destroyed our capitalism by engaging in war corporatism and deregulating certain areas of our economic system essential to maintaining a free market and if he had it his way there would be no democratic republic. Keep Jeb out!!