The Systemic Failures of Our Financial Future
Released: Aug. 19, 2010.
JHK explains how the current financial problems around the world factor into his vision of The Long Emergency. Kunstler sees these systematic failures of finance as a threat to all of our fundamental economic arrangements, including our ability to live in an orderly society. The President, says JHK, has become “the bank’s bitch” in his continuation of the American campaign to sustain the unsustainable. Rather than more financial innovations based on the notion of getting something for nothing, Kunstler says we need to have an economy in which people invest in productive activities and are rewarded for the value that is created through those productive activities. Society is becoming poor and that’s a huge political problem. JHK foresees a very turbulent autumn, in both finance and politics.
(34 MB | 48:58 mins.)