Watch/listen to my December 14, 2021 hour long interview and discussion with the west Oakland, California ‘This Is Revolution’ group. The show’s topic: “Understanding the Biden Economy’
Biden fiscal policy outcomes, the state of the US economy, the continuing US political crisis of Democracy, and related topics summarizing Biden’s first year in office.
To watch on YouTube GO TO:
https://www.youtube.com/watch?v=81iOiBM7VfQ
To listen only (audio) on YouTube GO TO:
(Note: the first 01:30 minutes of the video podcast is an ‘avant garde’ musical intro that may be skipped to get to the interview; the intro to the audio podcast is commentary by the host)
One of the best interviews of Rasmus I have heard. He might consider doing another with this group in a month or so. On a different topic, at some point, I would like to know how much greater the financialized American economy is than the real economy. The reason is that the financialized economy is what keeps the economic elites going and allows them to ignore the real economy and all the despair and hardship that the precariat suffers. About 20 years ago, Hobsbawn said that the financialized economy, globally, was “several” times greater than the real economy . It must now be substantially greater than a factor of “several” but is it five times? six times? The number matters because the financialized economy is essentially parasitic on the real economy and its size also gives a sense of the scale of the problem if it collapses