Will Obama, the Fed’s QE3 or Romney’s “Smaller Government” Create Jobs?

by , posted on Tuesday, September 25th, 2012 at 11:12 am

from The Real News Network

Leo Panitch and Sam Gindin (authors of The Making of Global Capitalism: The Political Economy of American Empire): As long as effective demand remains low and banks demand austerity to protect their assets, the crisis will deepen.

Part Two: The Crisis and Who Has the Power

Major structural change or effective short term reforms requires addressing democratic decision making starting with making banks a public utility.

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