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Starts Saturday, June 8, 2013
at 3:40 PM for 105 minutes

Issues-Advocacy

Wall Street's War To Impose Austerity


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Headlined to H3 5/17/13

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Location: Pace University

Panel announcement:
Pace University Left Forum Panel with Dr. Michael Hudson, Dr. Cay Hehner, Dave Kelley, and Chair Andy Mazzone.
http://www.leftforum.org/content/wall-street's-war-impose-austerity
Wall Street's war to impose austerity
Schedule Info

Session Room Time
Session 3 W613 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%?

 

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Organization: Common Ground-NYC

Directions: 1 Pace Plaza
New York, NY 10038-New York
United States

Contact Info: Scott Baker (ssbaker305@yahoo.com)

(Registration Required)  

 

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