256 - The USA - Where we are and Where we are Headed (Doug Dowd Lecture Series 3)

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Episode #256 - The USA - Where we are & Where we are Headed (Doug Dowd Lecture Series #3)

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⌚ Sun 29 May 2005  ☻Doug Dowd

Download Hour1 Download Hour2Radical economist Doug Dowd continues his series on the political economy of the US, this time focusing on the financialization of the economy.

Focusing especially on US after WW2, an angry Doug Dowd looks at how the FIRE (financial, insurance, real estate) sector have used political influence to manipulate the economy, capturing the surplus (and then some) to secure their position. He continues into the second hour, looking at the US global position, and his prognosis is not good. We are in a time of crisis, he concludes.
Thanks to Michael Slaughter
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