Wall Street’s War to Impose Austerity

Please join us for a 
discussion:
Pace University, New York City
Room: W613
Time: Saturday, 8th of June 03:40pm-05:20pm 

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Wall Street had a record year in profits last year. Bonuses were up and stock prices zoomed. Meanwhile, the productive classes continued to see their wages stagnate as they have for 40 years, while under-reported inflation figures and regressive tax schemes took more of their paychecks, if they could find work. But now Austerity threatens to siphon whatever is left from the bottom to the banking elites. Faux progressive organizations like Third Way in the U.S. are attempting to privatize Social Security to pour billions into Wall Street for further gambling. From Cyprus’ confiscation of up to 70% of bank deposits to Greek prorecession budget slashing, the road to neo-feudalism continues. Based on Professor Dr. Michael Hudson’s book “Finance Capitalism and its Discontents” and “The Bubble and Beyond”, panelists Dr. Michael Hudson, Dr. Cay Hehner, Dave Kelley, and Chair Andy Mazzone will discuss specific austerity measures that are designed to confiscate, impoverish, and destroy the middle class, while widening the already historic wage gap even further. Learn how the expansive forces of industrial capitalism have been subverted by today’s predatory finance capitalism aided by junk economics and failure to collect the economic rent. What is the rentier class and how does it collect 1/3 of GDP? Is government regulation always wrong? What is the best tax policy? Why the 1% versus the 99%? Chair, Speakers: Andy Mazzone –Henry George School, Michael Hudson –University of Missouri, Kansas City (UMKC) , Cay Hehner — The Robert Schalkenbach Foundation , David Kelley — Economic Adviser to Dennis Kucinich Left Forum is the largest annual conference of the broad Left in the United States. Each spring thousands of conference participants come together to discuss pressing local, national and global issues; to better understand commonalities and differences, and alternatives to current predicaments; or to share ideas to help build social movements to transform the world.

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This year’s theme of Left Forum is “Mobilizing for Economical/Ecological transformation.”

Speakers include Noam Chomsky, Oliver Stone and Bolivian Vice President Alvaro Garcia Linera

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