11 March 2016
Red Flag editor Ben Hillier speaks with US socialist Joel Geier, associate editor of the International Socialist Review, about the causes of the ongoing economic stagnation in Western economies, and the potential for a new world recession.
“You want to know what people are like in there? They’re pigs. No matter how much money they make, they want to steal some more. [The impulse] comes out of their class background.”
Joel Geier is explaining to me the finer points of economics and the moral character of those at the centre of US capital-trading markets. “They think that entitlements – social welfare, Medicare, pensions – should be cut, taxes should be cut, the government should be small. It’s just more money in their pockets. And it is presented by good chunks of capitalist economists as a solution to the crisis facing everyone else”, he says.