The financial crisis and the real economy

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Leo Panitch: The death of the US trade union and Great Society have left the real economy vulnerable

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[dalecampbl5]

it's funny everyone is so afraid of socialism when both the Great Depression and Great Recession was caused by hands-off capitalism. Americans...we haven't suffered enough to understand the evils of capitalism. Look at Europe, the cradle of capitalism, the cradle of industrial revolution...yet today, they don't love it anymore and generally run on a socialist system. You know why? Because Europe has witnessed the harm of capitalism.

[arzoyan]

World capitalism is the MARKET SYSTEM OF ARTIFICIAL SCARCITY and distortions for the material interest of the crminal ruling elite. Capitalism is the useless employment system of wage slavery .exploitation and suffering of the working class. A genuine SOCIALIST MOVEMTN FOR A MONEYLESS,CLASSLESS,STATELESS communities of humanity expressing our collective energies in harmony and wisdom for our common needs and well being.

[Me1now]

guidemysolallah what in the fu!k are you talking about really ?.... oh i get it your making a joke ./... OK ....LOL ... LOL ...LOL i got ya i thought you were talking some mystical out of body wishful thinking bullS#%@

[farfoose]

He says the standard of living has not gone down because of whole families working and people working much longer hours. hmmm, people working much longer hours sounds like a decrease in the standard of living to me.

[easy3s]

hey please read "confessions of an economic hitman" john perkins.... this has been going on since the 50's....

[Guidemysoulallah]

well money doesnt matter, statut doenst matter. AL THAT MATTERS IS THAT GOD HOPEFULLY WILL ACCEPT MY DEEDS AND INSHALLAH SHAL I WORSHIP GOD IN THE BEST WAY. REALIZE PEOPLE, JESUS WILL COME BUD OFCOURSE HE IS A PROFET NOT THE SON OF GOD

[canaan1967]

I love the way he says "being able to get access to debt" instead of 'acces to credit'. So true.

[dtothediesel]

No, George made it no worse than Clinton did. Clinton is responsible (with others) for financial deregulation and initiating the Iraq War.

Look up Clinton's "Iraqi Freedom Act."

[rydar1978]

"It was the last 30 years, moron. Get this fallacious belief out of your head that only the last 8 years have gone wrong. "

shut up i already knew that . Your boy george made it much worse. It can always get worse you idiot

[dtothediesel]

It was the last 30 years, moron. Get this fallacious belief out of your head that only the last 8 years have gone wrong.