Damon Silvers - Rethinking the State - Series 4
Channel: Rethinking the State
Date: 15/10/2013

Damon Silvers (American Federation of Labor and Congress of Industrial Organizations) discusses the decade-long financialization process in the American economy, the rise of permanent unemployment and the accompanying loss of bargaining power of workers, which result in a decreasing trend of wage levels. Concentration of wealth comes hand in hand with concentrated power, which blocks fair taxation and proper financial reform. The issue of reforming finance for the capital development of the economy is therefore not just about economics but, more importantly, about political economy.

Rethinking the State is a video project coordinated by Prof. Mariana Mazzucato (SPRU/University of Sussex) that links two research grants (Ford Foundation's Entrepreneurial State and INET's Financing Innovation). Every week we release a new video with leading international economists voicing their views on topics such as the role of the State in the economy and in the innovation process, the global financial system, the current economic crisis, the side-effects of austerity measures, and alternative growth and innovation policies.

More info: http://marianamazzucato.com/projects/rethinking_the_state/