Susan George Explains the Huge Global Wealth Transfer represented by Neoliberalism and Privatization

[Baobab]

Last edited Sat Mar 19, 2016, 11:58 AM - Edit history (1)

Extraction of resources and extraction of cash from countries people - how it works-

Fixed link!

Susan George works with TNI

http://TNI.org


She has a broad and interesting perspective.

"We continue to extract money - we have more control over the world now than we did under colonialism".

Debt is a big means of control.

[appalachiablue]

1. Gerard Dumenil, French economist and author of "The Crisis of Neoliberalism"

explains how neoliberal economics and globalization are transferring wealth to the upper classes especially since 2000. Paul Jay, Senior Editor, The Real News Network, TRNN.

[Baobab]

2. I am really sorry, I will update the link

Its definitely worth watching-

[appalachiablue]

4. No problem at all, both are very interesting discussions on the changes brought by

neoliberal economics, deregulation, privatization and the end of the social safety net and middle class led by the banks particularly the IMF and World Bank. John Perkins, a former hitman for the global financial system has written and lectured extensively on how this system works and the harm and debt it creates. Neoliberal economics is an earth devouring scourge. Indian friends who've been in the US since the 80s but travel to India frequently, say the same 'top 10% extreme wealthy class echelon' is evident there.

[Jack Rabbit]

3. K/R -- a big, big R

I can tell by some of the reference Ms George makes that this is several years old, but the main thrust of neoliberal hasn't changed in that time.

Everyone should watch this, especially those who think the Greek people had it coming last year or continuing economic policies that haven't worked for most of us, and have been detrimental to those of us who used to be middle class Americans, are really the best thing since sliced bread. Neoliberalism needs to go the way of the divine right of kings.

[Overseas]

5. K&R. Well said.

[DhhD]

6. The New World Oligarchy (Order) is being completed. Is the Clinton Foundation another World Bank?

The transfer of wealth will continue. The slow removal of social security net by chaining the monetary benefits little by little every year and the slow removal of health services and medicine will allow the upward flow of wealth to continue until the World will be controlled by the Foundations of debt service. Will the extended family choose death or debt?

[Baobab]

7. debt is what most people choose if they can

Her NGO is at http://TNI.org

[Helga Scow Stern]

8. Thank you!

Well worth watching! Even though made in 2007, it seems as relevant as ever.

[Gmak]

9. Thank you so much for this post. K & R

[Esra Star]

10. She doesn't call it "blowback" but she references it quite a few times.

Very educational. Recommended viewing.
Cheers