My friend David Noyes has summarized this must see video: Here, from the SUPERB Ms. Smith: — Yves here. The Real News Network commemorates the 30th anniversary of the coal miners’ strike in the UK, which was in many ways Labor’s Last Stand, with a broad-ranging interview with George Irvin, research professor at the University of London. He takes a broad historical perspective to show how the rise of a low-wage, debt driven economy and the pressure to reduce the role of government have painted Anglo-Saxon capitalism in a corner. Heres a mini-blurb from Professor Ivin in this < 10 min. must see Video: The rise of private equity (during the Reagan-Thatcher revolution) allowed a wave of private equity takeovers - in fact, just Take-Overs in general - which allowed groups to concentrate capital and *Pretend*… that industry was being modernized the when in fact private equity takeovers were just no more than an exercise in Asset Stripping… — Anglo-Saxon capitalism strategies have run out of ideas for Promoting Growth… Workers are effectively *Pauperized*… — and as a result the only option for the people is to GO INTO DEBT, which isnt exactly feasible as a Long-Term Strategy!… Sound *Familiar*, anyone? Welcome, ALL, to our current Financialized Debt Ridden Economy.… (G Nite.)
Posted on: Wed, 26 Mar 2014 08:25:49 +0000
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