Shock Capitalism with Naomi Klein, Jeff Madrick, and Bhairavi Desai.

By: GRITtv Thursday July 17, 2008 9:00 am

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There's an economic crisis but is capitalism itself in crisis? It certainly doesn’t appear very healthy with foreclosure rates mounting, food prices and energy costs soaring, and daily calls for taxpayers to bail out banks. But the government seems to have little in the way of solutions. As Naomi Klein, author of The Shock Doctrine says on our panel, “Bush is an advertisement for the uselessness of government.” His calls for consumers to spend more along with Phil Gramm’s comment that the crisis is mental indicate a level of cognitive dissonance that we haven’t seen since, well, Hurricane Katrina. There are two worlds in this country and the schism is widening.

Here to discuss the current economic crises along with Klein are Jeff Madrick, author of The Case for Big Government, and Bhairavi Desai, Executive Director of the Taxi Workers Alliance. Desai is involved in an effort to organize Taxi workers across the globe and they've achieved some impressive victories. A new kind of globalization? Find out here on GRITtv.