doctor are you dr on the line with us professor of economics is southern
methodist university international bestselling author of numerous books
including two of my favorites
greenspan's fraud and the new golden age the connie revolution
and his political corruption economic chaos baby final of all about all of it
at his website ravi batra
are easy i ph hearing
dot com
um... doctor batra were talking about
houses uh...
because starting with this uh... uh...
maybe that would fuse of cypress
how this may play out spain now has a search twenty five thirty percent
unemployment
greece has very very high unemployment
the uh... the uh... the germans in the that there will be with the with the
wealthier european states
are perceived increasingly is wanderers across europe
uh... what
and yet and in here in the united states because of reaganomics and and these
insane free-trade policies we've
we know we're our own middle class has been wiped out
is this
the disaster capitalism that uh... naomi klein talked about is this
creatine is astrodome profiting off of it
where is this just
the consequence of misguided
uh... ideologies alistair theology the milton friedman theology
well are
c_r_ military cardinal are all sorts of cycle
anti-aircraft uh...
uh... along that line in nineteen seventy eight
breaking the bank on board
so the car with no and one of the capitol
and i ornamental that's only part of the work i left by the year two politics
and then went out and we're going to be toggle contect
and that i did all that stuff in in the room for the parking lot and you know
they're going to have a yahoo com sixteen
we should see the laptop
when i look at the local art
so that everything we are a lot of the cabinet in europe
but in the united states indeed
kind of uh... my own country altavista
marami cognizant capitalistic system
uh... is still a good uh... in new problem
north haven seventeen identity pretty bad
inhale sunday column by the deficit is beginning to follow
and a harmonica is mark collins a
new systems to follow mccall
result stagnant
so
would you
uh... is is is this just gonna be a situation of the crash is gonna happen
people either realize the air have their way is
and she
will go on a is that
how you see this
that and you know and we'll figure out something an alternative to this is that
where used seat plane up
that's how we are still entitled to the system
and uh... note i don't know who is a story about getting a lot of city
he really needed
we need a system there
we had that automatically lies about articulated best the going on unless
that happens we had to eat
indian government that is this
and correspondent problem order
she was intentions are chosen
so you see a sign of system your gloves
just look at this
in the past thirty years
uh... allen ninety component rather by the deficit will not one and a half
trillion dollars
and it just isn't all that
we need is to create jobs
while we gained one million jobs in every year over the past three years
expect one and a half billion dollars to create one million jobs
you could you write
one enacted by one million you get one and a half million
so with that one and a half million dollars it might as well
italy fifty highland on average
so they did not ask julia is doing it all of the jewish people
and big other budget deficits
identity manager fastest
possible delays
and i don't think it's one thing why did you get hit
you know uh... arnold twenty i believe it was said that when the last man who
remembers the horrors
of the last great war diets
the next great war becomes inevitable
and uh... steve keen uh... strand economist on our program
uh... earlier
letter last week suggested that
the the main thing the constrained ibank srs
up until the nineteen seventies
was that most of the people in a position of power in the banking
industry
remembered the last great depression
and is that when they started dying off in the boomers who were born after the
great depression started taking those positions of power and they had no
recollection
of bankers run amok
uh... then the next
crash became inevitable or the next banking scandal
is this
the hyatt how does that they were your city theory of social cycles in and is
that this all makes sense to you
or yes i did in fact how did i tell you about
this kind of today over the past thirty years right and uh... this is all part
of the law so it looks like a little also it is like that
that the in emerging markets
i have studied a
his year-old pathfinder com in years
and i'd far rather in every civilization
uh... there will be a revolution in the desert represented ended up in utah law
revolutions and
and toward the end of the exotic riveted
they're all so much about concentration and be back in causing a lot of money is
the right meduni entities and look forward to but no money in society and
anyway joel barr so now
ironic that wasn't is that
interpret was that there is a toward this n
when does this to me that we were hanging out in democracy
image uh... d
and the issue of our live coverage of the headline brian is that
so as you know what word would be kind of a threat to their employees
and nobody really loves and i didn't realize
when that happens we don't need in colorado with international
read only by the deficit that whole turkey employment high
now the german constitution at the uh... suggestion of harry truman
uh... has built into it and this was
uh... truman was fighting in the republicans on labor unions really
really heartening to the point that they overrode his veto on track taft-hartley
has built built into it a statement that any corporation employs more than a
thousand people has to have
of the member half of the seats on sporter directors occupied by
representatives of organized labor
of the labor unions that work in that corporation
is that
representation labor in the german industrial society
is that one of the reasons in your opinion why germany hasn't
collapse the way so many other countries around it have because they'd their
wages have kept up
it definitely is it that it is and that this is an income of close to
eggnog democracy although
n indemnity economy don't an inconvenience that
because millions around the majority owners
uh... so
uh... so but you don't want anyone in the in and out into the intellectualism
do you see what's what's happened in argentina since two thousand
one two thousand two restoring
so many the factory owners fled the country and people just went and re-open
the factories took them over and now you've got a lot of work around
cooperatives argentina serving a timeout
that's right that's than that i think you are going well
in large carnations majority here is
really being hands off of the employees red and smaller companies over the co-op
centre ma and i think uh... indeed such a system
uh... but now that the somebody becomes more productive already deleted his word
it's and when that happens
you don't need any government and defence you don't need anybody that
businesses are needed to extort money an existing station
you don't have stock market contractors often robin cotton
united united system
menu handed down kind of economy
invited
they didn't have a vision of the fighting over time
local to lead a revolution we have a history dot but in all honesty the next
stage is one of the glove box
how do we in in the in the process of
getting their are we
how do we move i would make that transition
by looking at having another meeting with the stock market crash and then the
stock rather a couple of work lost charlie
we're going to realize she is
darci and then study shows that almost all of this is a relates to mecca so the
government would have to intervene to do this how do you restrain
a new billionaire class from forming out of the saudi keep what happened you know
what the oligarchy sue who rose up in in many of the uh...
former soviet states uh... pay-per-view
because you know what everybody got their own their apartment everybody had
a sure in the company
sorta like what you're describing and then people are out and bought up those
shares from people who didn't realized their value aggregated then and now bom
you've got your back to you know hyper billionaires how to prevent that from
happening
well twenty thousand dollar and uh...
hartwell are unedited and dot store at the perimeter mall connection to the
following intended
and they're going to try to listen to the following rather than a mile away
from me and said well i will be reelected no matter what
and uh...
c_e_o_ annulled
it debating on his nomination maybe election dot
black-owned internet
president
wildblue unprecedented and from the start of great this evolution
and it takes a lot of standards and a half years
before the revolution sixties
so that's why actually had to follow sixteen
atlanta to colorado standards two thousand sixteen and i think that's even
monopoly capitalism
collapses in the united states
it makes perfect sense
on doctor bodrum uh...
miller for manager time for me
show okay thanks we'll be right back forty-five minutes past the hour tom
harkin here with the actualy batra online is floppy batra r_ a_ t_ i_ dat
i_r_a_ dot com uses website
his most recent books greenspan's fraud and peppers the new buildings coming
revolution against political corruption
economic a house
foresaw all the stuff that's happening right now