Contradictions of Yankee Financial Market Fundamentalism

This is a terrific talk on the problems of market fundamentalist policy internationally and domestically. The following is an introduction to a talk given by Jack Rasmus:
In the second half hour of the show Dr. Rasmus continues the discussion of Neoliberalism, focusing on the internal contradictions inherent in its policy regime, now intensifying after the 2008-09 economic crisis. Rasmus explains the four policies of Neoliberalism—fiscal, monetary, external-trade, and industrial—and how they represent the post-1970s restructuring of the US and global capitalist economies. Earlier restructurings before world war I and following world war II are contracted to the 3rd, Neoliberal restructuring. Examples of contradictions within, and between, the four policy areas are explained: How fiscal war spending and tax cutting clashes with deficits/deb management; how monetary policy exacerbates trade and currency policies; how trade policies exacerbate industrial policy; how monetary policy contradicts both fiscal and trade policies. In the first half of the show, Rasmus provides updates and analyses on the tariff dispute between China-Trump, why US stock markets keep rising despite fundamentals, how Europe’s economy continues to stagnate, and new evidence how speculation is contributing to the instability in the US Repo market. (Next week: ‘Why Trump’s Attempt to Restore Neoliberalism 2.0 Is Failing’)
Listen to Jack Rasmus on Alternative Visions

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