What Underlies Our Current Economic Crisis?
Paul Zarembka discusses the pattern of economic conflict in the United States since the 'New Deal'.
The Depression and worker struggles led to certain significant restrictions on full employer freedom on hiring workers: the NIRA of 1935 (preceded by Section 7 of the NIRA of 1933) and the FLSA of 1938. The acts themselves were often unsustained in practice by the Roosevelt administration, but offered reference points for worker demands. Nevertheless, there were forces that actively considered a coup d'état against Roosevelt and should remind us that such forces are ever-present.
Noting Eisenhower's military-industrial complex warning, this presentation will sustain an argument that such extremist forces have been progressively emboldened, first when they successfully engineered JFK's assassination - after his administration's defiance of major military and industrial interests - through 2000 election fraud, 9-11, and then the 2008-09 financial crisis conditioning present claims of budgetary crises throughout the country.
The principal mechanism has been well labeled "Shock Capitalism," an extremist strategy of conquest of the populist. Understanding what is happening becomes an antidote to its effectiveness.
Uploaded by SUNYECC on Apr 5, 2011
Original YouTube page: http://www.youtube.com/watch?v=10DHeKw6efk