Sunday, 9 April 2017

How Definancialization Could Save Greece—and the World

Smart Talk with Andrew Mazzone and Costas Lapavitsas 

The word "financialization" accurately captures a prominent aspect of contemporary capitalism: Over the last few decades, the lucrative financial sector has grown exponentially, to the point of dominating economies in the US and around the world.

In this episode of Smart Talk, Andrew Mazzone and economist Costas Lapavitsas discuss how the profound effects of financialization have been felt in Greece, throughout Europe and here in America—and not to the benefit of working people, infrastructure and society. Dr. Lapavitsas argues that challenging the devastating impact of financialization is a necessary task that must be confronted head on. 

He posits: What has to change? And who will take the lead?