Jan Toporowski speaking at the Alternative G20 Summit, London on 1st April 2009

Economist Jan Toporowski speaking at the Alternative G20 Summit held at the University of East London on April 1st 2009, and explaining the banking crisis, how it has come about, "a crisis of capitalism" thats come about because of the abuses of banking.
He explains Equity Funding, and the system of indebting companies, which has driven the world economy into recession.
http://www.altg20.org.uk/
http://www.soas.ac.uk/staff/staff31930.php
http://www.g-20meltdown.org/node/1



The G20 Alternative Summit was a popular assembly or teach-in in a densely populated, working class area of London. It is being hosted at the national level by Britains University and College Lecturers Union (UCU). In short, this  was an event for everyone who thinks that the bankers and politicians in their pay have been making a mess of things and need to be sacked and replaced.

At the last minute UEL pulled their support of the event, which was supposed to be held accross 2 lecture halls, forcing the event to be staged outside.
It's a sad day when our educational system, our Universities, pull away from opportunities to THINK and find solutions. Organiser and lecturer Chris Knight is currently suspended for comments made to the press in the run up to the G20 Meltdown... Serious Kudos to him for keeping on track and making sure this event happened!!!!

Sorry about the video quality

Peace!!! x

Category:

News & Politics

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• Jan
• Toporowski
• economy
• economics
• economist
• Alternative
• G20
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• london
• barack
• obama
• financial
• meltdown
• capitalism
• banks
• speakers

[redonese]

che convegno-farsa oggi all'Uni!! questi presunti "saputi" economisti dopo più di due anni che è scoppiata questa crisi non solo ripetono paro paro quanto già chiarito mesi e mesi fa, ma non sanno dare alcuna soluzione concreta..SPAVENTOSO!

[Renegen1]

Who the fuck downvoted these videos?

[GemHudson]

You invest into a profitable adventure. The people going into business for themselves are the people venturing out from their rags to their riches and the people going from their rags to their riches are the people working out their busienss until their business works out for them.

Wealth building is to know what you are selling their money worth.

[Plutonwolf]

The real issue is the accumulation of the wealth of the world into too small a group of people. We here in the states have recently found that over $11,000,000,000,000 is secreted away in illegal off shore tax havens, yet there is no move on to recover these assets. Tell me, does this sound like an oligarchy or what?

[tenagliac]

The "money is debt" problems come from giving banks too much power. In America it's the federal reserve. In reality, the congress should issue money debt free. The idea is to make money rather than borrow money.

Taxation is the other side of the evil cycle. Taxes are not needed if the government issues money. They have to issue responsibly to avoid runaway inflation. Taxes are a social engineering tool.