Costas Lapavitsas: Merkel’s visit to Greece shows Eurozone leadership don’t want to push Greece out, but situation is explosive as people are furious at austerity measures
Most Greeks Look to Left for Solutions, but Far Right Gaining Strength
Costas Lapavitsas Pt.2: Left party Syriza leads polls but conditions for fascism also developing as crisis deepens
Gerald Epstein, Political Economy Research Institute, and Department of Economics, University of Massachusetts, Amherst): Financialization of the economy has been developing since the late 19th century and is now at historic Levels
The famed award-winning investigative reporting team of Donald Barlett and James Steele have just published a new book, “The Betrayal of the American Dream,” a followup to their landmark bestseller, “America: What Went Wrong.” As Republicans and Democrats continue disputing who should bear the brunt of the tax burden, Barlett and Steele argue that America’s middle class has been decimated over the years due to policies governing not only taxes but also bank regulations, trade deficits and pension funds. Their book chronicles how the American middle class has been systematically impoverished and its prospects thwarted in favor of a new ruling elite. Barlett and Steele have worked together for more than 40 years, sharing two Pulitzer prizes and two National Magazine awards. The duo joins us for the hour to discuss the assault on the middle class, the great tax heist, deregulation, the end of retirement, the outsourcing of U.S. jobs, the 2012 election and more.