Jacobin Radio: Robert Brenner on the State of the Economy
The state of the economy is, despite assertions to the contrary, not strong; it is being plundered by the alliance of top corporate managers, leading financiers and political leaders from both parties. Suzi talks to Robert Brenner on politics and the state of the economy — matters of great confusion if you only pay attention to the business press and politicians, who say the economy is robust, with record low unemployment, rising wages, and the recovery of the stock market. But the Fed stopped raising interest rates, wages are stagnant, precarity and insecurity are the norm, homelessness has exploded, student debt is staggering and suffocating — and teachers are striking to force states to reinvest (stop under-investing) to save public education. So what is the real story, and if the economists and pundits are getting it wrong — why is that the case? Is it cheerleading for the status quo? We get Brenner’s analysis.