In this interview, Jack Rasmus (author, professor, former labor organizer) explains in detail the causes of the great Depression and the subsequent down-up-down crises of the 1930s, drawing parallels to today’s “financial crisis” and the broader world economic crisis. Predicting a likely future of similar fluctuating economic turmoil for years to come, Rasmus describes the world on the cusp of either “epic recission” or full blown depression, depending on the next year or so. He also offers an outline of alternative stimulitive reform policies which could ameliorate the problems.
Recorded in April 2009 at the Left Forum in NYC. 53 minutes.