Political scientist Michael Parenti refutes the claim that the "free enterprise system" (capitalism) promotes democracy and prosperity.
Part 2 focuses on prosperity. Drawing on the past 150 years of US history, Parenti shows that capitalism does not increase general prosperity. In fact it has brought regular recessions and depressions to ordinary citizens. Not "free enterprise" but massive government spending finally lifted America out of the depression of the 1920s and 1930s.
Parenti spoke at the University of Illinois at Springfield on October 16, 2015. Thanks to the university, and to Dale Lehman of WZRD-FM, Chicago, for the original recording. I have lightly edited the original and done what I could to improve its audio quality.
Previously broadcast, as NWN # 411, in January 2016. Files downloaded from the links, below, are identified as #411.
"New World Notes" is produced under the auspices (Latin for "Executive Dining Room") of WWUH-FM, a community service of that beacon of light in darkest Connecticut, the University of Hartford.
You can download this installment of New World Notes--in MP3 and other formats--also from The Internet Archive (www.archive.org). The page with the download links is here: https://archive.org/download/NewWorldNotes411-CapitalismVs.RealityPart2
More details, photos, nice links, & other good stuff on the show's Web site: http://newworldnotes.blogspot.com
SERIES OVERVIEW -- Political and social commentary in a variety of genres. Exploring the gap between what we want ... and what they're trying to make us settle for. "Date recorded," below, = date of first scheduled broadcast.
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