CAPITALISM’S APOCALYPSE — Michael Parenti_on Economic Collapse Teach-in
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ONE KEY ECONOMIC COLLAPSE TRUTH Revelation
Key information for the uninitiated and the initiated alike.
CAPITALISM’S APOCALYPSE — Michael Parenti
CAPITALISM’S APOCALYPSE
Why the rich can’t save anybody – not even themselves.
Parenti predicted the financial crisis and said that giant corporate capitalism – by it’s very nature – is an apocalyptic system. When unregulated the built in elements of ever increased growth may well bring the whole system down. And he described the growing national debt not as a tragic mistake but as a means to shift ever more money from the tax payers to the financial institutions in the form of interest payments. This speech is an analysis of the many structural flaws of a capitalist system that puts it on a permanent collision course with democracy. Recorded on August 23, 2008 at the closing reception for Maria Gilardin’s art show. From a TUC Radio Presentation.
The Economic Collapse Teach-in encompases upon some of the most highly controversial an crucial subjects of our day—the collapsing economy, the Federal Reserve, the Banks, Wall Street, financial fraud, forclosures, homelessness, unemployment, workers rights, unions, trade agreements, etc. We scour the world to find and gather debates and presentations that are extremely informative and educational. Related subjects are also discussed. It provides key information for the uninitiated and the initiated alike.
