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GRITtv: Fixing Capitalism: Are Regulations Enough?
The economy seems to be stabilizing a bit, but as we've discussed many times, people are still suffering and jobless. Yet Citigroup is getting more tax breaks, and Ben Bernanke is Time's Person of the Year. Matthew Yglesias writes: It demonstrates a very specific class skew--extraordinary intervention into the marketplace just long enough to fix the situation from the point of view of asset-owners while leaving wage-earners holding the bag. Are we just returning to pre-recession levels, or something better -- or worse? Nicole Gelinas, fellow at the Manhattan Institute and author of "After the Fall: Saving Capitalism from Wall Street and Washington and Max Fraad Wolff of the New School," join us to talk about regulation, government and private industry, and where to go from here.
Email this pageGRITtv: The Stimulus: Too Little, Too Late?
Max Fraad Wolff, professor of economics at The New School, Myles Lennon of the Laborers' Union, Local #10, Bettina Damiani of Good Jobs First and Nathan Newman of the Progressive States Network debate whether the stimulus has stopped the bleeding or whether it's more like a band-aid on a bullet wound. Beyond just creating jobs, they say, any real economic stimulus needs to make sure that the jobs created are good, with good benefits, living wages, and targeted to the people who need them the most.
