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Richard Wolff: Debt Debate is "Political Theater"

submitted by radx

1 decade 3 years 3 months 2 weeks ago

"In the process, everything moves over to massive cutting. And besides the morals of that, it’s economically crazy. In an economic situation where recovery is very poor, very uneven, to have the government cut back, the way that spokesman for the White House just told us, is to make an economic situation that’s bad worse. So you see a kind of political game being played at the cost of worsening the underlying economic situation. And for the world, that suggests a society that’s not working." [DN]

Part 2: https://www.youtube.com/watch?v=MLXDNwUk-So