Wall Street's war to impose austerity Schedule Info
Session Room Time Session 3 W613 June 8, Sat 03:40pm - 05:20pm
Wall Street had a record year in profits last year. Bonuses were up and
stock prices zoomed. Meanwhile, the productive classes continued to see
their wages stagnate as they have for 40 years, while under-reported
inflation figures and regressive tax schemes took more of their
paychecks, if they could find work. But now Austerity threatens to
siphon whatever is left from the bottom to the banking elites. Faux
progressive organizations like Third Way in the U.S. are attempting to
privatize Social Security to pour billions into Wall Street for further
gambling. From Cyprus' confiscation of up to 70% of bank deposits to
Greek pro-recession budget slashing, the road to neo-feudalism
continues. Based on Professor Dr. Michael Hudson's book "Finance
Capitalism and its Discontents" and "The Bubble and Beyond", panelists
Dr. Michael Hudson, Dr. Cay Hehner, Dave Kelley, and Chair Andy Mazzone
will discuss specific austerity measures that are designed to
confiscate, impoverish, and destroy the middle class, while widening the
already historic wage gap even further. Learn how the expansive forces
of industrial capitalism have been subverted by today's predatory
finance capitalism aided by junk economics and failure to collect the
economic rent. What is the rentier class and how does it collect 1/3 of
GDP? Is government regulation always wrong? What is the best tax policy?
Why the 1% versus the 99%?
Your message has been successfully submitted and would be delivered to recipients shortly.