World Economy Falling Faster Than in 1929-1930
Barry Eichengreen, an expert on the Great Depression, and Kevin O’Rourke, take issue with the notion that the current downturn is less severe than the Great Depression. While the slump in the US is not as bad, that mis-states the global picture.
For several decades the state and its willing accomplices in the media and talk radio have marginalized and demonized anyone who alleges involvement of the state in illegal activities or conspiracies to provide false information to support its illegal wars and other agendas.
Robert Reich was Secretary of Labor under Bill Clinton, and is an economics professor at U.C. Berkeley.
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Though some economic measures are improving, the financial crisis “is far from over” and “appears to be taking root in the larger economy.”
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