The Global Financial Crisis

Michel Chossudovsky, Professor of Economics and Director of the most impressive Centre for Research on Globalization on a 78-minute video:

The Great Depression of the 21st Century

Causes and consequences of the financial meltdown;
The speculative onslaught;
Financial fraud and the “bank bailouts”;
Bankruptcy of the real economy;
Impacts on employment, wages and social services;
Towards a spiralling public debt;
The economic crisis and its relationship to the Middle East war;
The centralization of corporate power;
The concentration of wealth;
The globalization of poverty.

What are the policy alternatives?

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