She made an important point that falls on deaf ears in the West. Other countries are tired of being served a meal of threats and lectures topped off by hypocrisy. The United States invaded Iraq and Afghanistan to topple their governments without any moral hesitation at all and nobody did a thing to stop them, let alone even think of sanctions. While the West is counting the numbers of civilians killed in Ukraine on an almost daily basis, the United States wrote off the deaths in Iraq and Afghanistan as collateral damage. The message that is coming across from America is “I’ll do whatever I want and the rest of you will do what I say.”
Not just the war ..after bombing Afghanistan for 20 years US appropriated their currency starving 13knew born babies in 2020 alone..people are selling their kidneys..we are shocked at this apathy..everyone has Ukrainians flag while no one would even know the colour of Afghani flag..such hypocrisy!
Maybe it’s time we stop printing money that’s what’s causing inflation give me a break by the way I’m not against breaking up corporations but to lie not to say that this is mainly to do with the Fed is just wrong
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
Excellent discussion, Professor Ghosh has spoken out boldly about the hypocrisy of US Government. Question is whether the US Government is capable enough to regulate the gigantic corporations?
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
The current system of government and the current makeup of that government, congress/president and his administration/Supreme Court, all all composed of far too much conservative influence. That influence in the American context, with a strong push to go back to the days of Laissez-faire capitalism. They most definitely would not allow any sort of controls over profiteering or exploitation. You can tell they are bairly containing their internal hatred of the reimmergence of labor power and unions. There is no way they would allow corporations to be shackled by morality and ethics.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
So since when is record profits part of inflation? The lies about inflation are insane, greed is behind all this and needs to be called out, antitrust laws need enforcing. 4 companies control the price of meat and can raise prices anytime they want.
Exactly. It's insane that we tolerate this BULLSHIT. They think we're stupid and try to distract the brain dead with the Depp-Heard trial. NO JUSTICE NO PEACE UNTIL THESE RETHUGGLIKKKAN INSURGENTS ARE IN JAIL
I live, my family lives under the umbrella of capitalism. WE now work harder to make ends meet as a working class family. Capitalism is killing the world. WE work hard for a living standard. WE contribute to through taxes. Yet the corporate world, the insiders and government officials seem to keep just getting crazy rich. There is no difference of a Russian oligarch or an American, British, French, Canadian or what ever. The easy street of 'old money' and investment schemes from that early hay day of greed have left the working class people with one option. The option is to fight to overhaul scheme of Capitalism. Capitalism is now another word for mafia-ism.
This economist is exactly right. It’s a cost-push problem and raising interest rates and imposing austerity will not address this. You should also get Stephanie Kelton, L. Randall Wray, Fadhel Kaboub, Bill Mitchell, Steven Hail, Steven Keen on to discuss and debunk the mainstream nonsense that people are subjected to and lead to exacerbation of negative impacts of the mainstream propaganda and misunderstandings.
Amy: official inflation rate of 8.5% is inaccurate. The real rate of inflation is 28.4%. Gas price is up 100%, bread, meat, energy, rent, housing prices in some cases have been increased by 200 to 300%. These aren't completely due to the "cost push" factor, but more to greeds by the oligarchy, monopoly companies, future commodity market, and oil companies. Who owns the shares of these companies? The 10% of upper class, ppl who are making a killing and have the politician in their pockets. Ukraine war is another shock therapy for another phase of neo-liberalism to complete barbarism. Don't forget what he said " America is back" to wars, proxy wars( Ukraine,) and coup( last week in Pakistan.)😎
Professor Goush puts things in order; the greed of corporate leaders has fueled poverty throughout the world! Thank you Miss Amy for bringing truth to a people constantly lied too !!!
this could be news from 2019 .. or 2015... It Hurts the Developing World PATHETIC LIES. The world is not developing. These news channels are basically peddling bullshit, years on.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, but inflation was not around then, so it cannot be profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
@@danialhillmann5374 no it's just that only Americans see their conspiracies as world wide impacting for everyone else. You believe in stories that been told for 100 years, and economists around the world actually study the impact of actually factors. You literally took all the information they were provided and went "har har the fed is private harpy derpy"
The #1 problem is the privately owned federal reserve bank and the cover up of this problem by everyone since who controls the source of money controls politicians and medias. Greed is not a problem it's a reality. The problem is government system that do not regulate commodities and instead collude with big corporation. The US govt is one such non public government controlled in the think tanks and deep state by private interest while putting a fake public image with a puppet president and corrupted senate legislators. It's a failed government pure and simple or an oligarchy that pretends to be something else.
We entered the age of a Aquarius positive polarity,the collective concious expansions evolution Those who are holding power age of pisces ,are going for their last grasp
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
🥳🎉 HAPPY BIRTHDAY AMY! 🕯️🎂🎈 Wonderful piece! Exactly what's been frustrating me from watching other news and not hearing, I knew would be discussed here at Democracy Now! For years nobody at the nationwide news channels mention the Genocide in Yemen, Afghanistan, Palestine etc because it couldn't happen without help from our American government. But soon as middle class white European families are affected that's all they talk about. I wouldn't feel informed at all without your daily world report and dive's into the biggest stories of the day. PS: You need to enjoy your birthweek instead of just one day! 🥂 Here's to you Amy🎉!
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
@@dariosilva85 I don't know I wrote that mentioned anything you are referring to. But yes, greed wasn't just invented. But the last group were the professional grifters. A regular criminal crime family. Just a couple of days ago it came out two of them received 3 Billion dollars from Saudi Arabia to try to stop the investigation on their prince for murder. All but a handful of the latest crop of representative's go into their job on day one owing favors to corporations from the legal bribes they are happy to take. Doing nothing for the people and everything for the corporation's who fill their bank accounts. Until we stop that first nothing will be done to help the people.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
Not really. It's an apples to oranges comparison. People in the middle eat have been fighting over one corner of the sandbox, or other four literally thousands of years. This, however, is the first significant conflict on the European continent in nearly four generations.
@@hughjassle5876 I think the guest made a valid point that the west and its allies only care about moral values when its the white people of US and europe.Also she made another point that giving selective moral lectures doesnt make sense.
@@hughjassle5876 wait... are you claiming that for the past 4000* years there hasn't been constant wars and invasions over the Ukrainian steppe? The majority of the largest invasions of Europe, historically, have come from that region. So no it's not apples to oranges. It'd fucking tangerines and mandarins. You just have a eurocentric view, one with a extremely bias and ignorant historical knowledge.
We have matched inflation from 1981. In 1981 the prime rate was 21.5%, today 3.5%. Unemployment 1981 8.5%, today 3.6%. America's economy is strong, corporations and big oil are ripping us off. Take a look at corporate earnings of everything you buy. Compare them to numbers before the pandemic and you will see they are causing inflation.
The layer of computerization, from employees, end users and robot manufacture, have created a strata of artificial use and consumption that drains ordinary life, not just the economy. If it is said that the only export that is profitable for the United States is visual entertainment, you're looking at a country that is now based on capturing your attention, expecting you to sit and watch and give of your life for nothing.
@@paull2166 ok you wanna do that kinda thinking so did you blame Reagan then… after all he was the Prez in ‘81!! News flash for ya inflation is happening everywhere…do to the situation from 2020!! But I guess everything is Biden’s fault though!! Dude get a frickin clue!!!
You can't just magically raise prices. If you try, you'll go out of business. What you can do is collude with the government to control markets, which is what has happened under Biden.
Jayati Ghosh 6:01: "I don't think people in the West realised the extent to which they have absolutely lost moral legitimacy in terms of the very very different reactions they have exposed in this war to white European lives and all other lives in the rest of the world. This is not lost to anyone in the developing world." When developing countries suffer hardship and injustices due to war and/or sanctions and/or inflationary pressures, the developed world don't pay attention because their comforts are not affected. But when the Ukraine crisis affects the comfort level of the developed world, a lot of cacophony is generated. Indeed not all lives are the same.
It's so insane. And when you try to SAY these things to even "Liberals" in America it's like they don't even hear you. They don't WANT to know, because then they'd have to confront that OUR taxes are funding the war machine! And really, the exchange is so disportionate in gains it's surprising more people aren't angry that ALL our taxes are going to killing others and our country is falling apart at the seems. 😔
@@tigerlily1118 Govt give taxpayer's money to the military industrial complex which use it to fight wars. The longer the war is prolonged, cos more equipment have to be used, the more the elites gain because the profits from weaponry sales goes into their pockets. (Stocks of defence companies climb everytime there's a war, it makes sense for them to have wars around.) When there are setbacks to the war, like worldwide inflation, energy/wheat/fertiliser/etc shortages, the rich elites are sheltered from these shocks while people in the developing and developed world suffer as surely as debts increase massively in their country. War Is a Racket (also a speech and a 1935 short book by Smedley Butler) that benefits a small minority and harms just about everyone else.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
ots your US government policies over decades & decades that are literally responsible FOR STOPPING countries from being FOOS INDEPENDENT!! Just CRIMINAL the US global-competitve leadership!
Your guest is very knowledgeable indeed , glad to hear someone who has a wider point of view regarding the current issues. Thanks for the interview. Keep up the good work.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
We don't need to tax him just make them pay a living wage. And then we can tax a people who are making a living wage. And the rich people if they got any money left over.. A living wage would help everybody and our own government.
@@edwardroche2480 the problem isnt just the wage. The problem is the power that these corporations buy with all of that untaxed profit. They are bleeding this country dry. You ever wonder why things that are very popular never gets passed, but war and taxes pass easily? Power. That comes from all that $.
@@dariosilva85 oh sure, but a crime needs intent and opportunity. Dont take my word on it, take theirs. They arent hiding the fact that they are taking advantage of the pretexts of the pandemic and war to pounce. Hundreds of earnings calls have all admitted such. The inflation is probably at least 50% profit padding to buy backs and share holder dividends. So when youre handing over the last penny of your hard earned $ to tax dodgers and cheats, i hope you at least feel good that your $ is being used against your interests for theirs. Pure obscene greed.
Its remarkable how they can drive inflation up during such a terrible time in history. During a pandemic to exasterbate resources at a time like this!!!
Professor Gosh, to say people in the West must wake up is ingenious. I for one woke up more than a decade ago. Unfortunately without a viable movement I am absolutely powerless to make a difference. I detest people that say, 'why do you keeping talking about all the issues with our governments and the politicians, you can't do anything about it anyway'. Unfortunately, they are right.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
At the root of all these issues is the political economy - capitalism. Until this system is done away with these problems will only continue to worsen - dramatically.
"Making a killing" is a very apposite phrase in this context, I think. As is the "clear and present danger" of climate catastrophe. Thanks to Jayati Ghosh.
There is no such thing as corporations that will pay workers well and give them agency. To stay alive they must commodify labor and continually push down wages. These reforms might provide a little relief, but don’t solve the systemic problem of CAPITALISM!
Just prepare for the conflict to come. History is ripe with examples and the ingredients are already cooking in the pot. The only positive way forward is intersectional solidarity of the masses. We've been Divided and Ruled for too long. Principles over political parties.
@@joshcourt1393 Yes, agreed, but that solidarity is useless without the proper political perspective. Find the common denominator across the masses and steer that energy towards a new system based on human need.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
The USA has been "printing money" since the 2008 crisis. You can't keep that up without affecting the value of the USA Dollar and the related "petro-dollar." Everybody is screaming about inflation without acknowledging the history of "currency failures" due to inflating the money supply and then merely moving that excess into pockets of the rich. As a global reserve currency (under pressure from alternatives) the USA is losing its financial credibility. The US dollar is losing value, so it is a serious DEFLATION in the value of US Dollars. USA is an "empire" being challenged by both China and Russia, who both have "leaders for life" that look a lot like Napoleon, the hero to so many maniacal military geniuses. And the Patriotic Allegiance of Americans creates an all-or-nothing, win-or-lose scenario to go down fighting. The rest of the planet needs to END the Chess Game of Military Solutions by knocking the Three Empires off of their Imperial Thrones and creating a world without empire(s). Survival entails decreasing conflicts to near ZERO, without "fake" proxy wars destroying human civilization.
We entered the age of a Aquarius positive polarity,the collective concious expansions evolution Those who are holding power age of pisces ,are going for their last grasp A total economic political social shake up !
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
@@dariosilva85 you must be at least two years old if you can't remember inflation. I'm about 70 and I used to buy a Snickers bar for a nickel. There are over a dollar now. Inflation help I used to be able to pay my rent on a buck 75 an hour 120 a month rent for a nice little one-bedroom apartment in a 4-unit building. My dad bought a new car for $3,000 and gallon of gas was only 25 shanqin 1969. Yes inflation we're having right now is super crazy. Oil it was only 20 bucks a Barrel when it was $0.25 a gallon. Today or oil is about $100 a barrel and Gas should only be about a buck and a quarter to a buck-fifty. Inflation is constant. But when they announced that 6.7% inflation and our cost of living adjustment from Social Security everybody went nuts raising prices. You can't blame it on one man and if there was one man to blame it would be Jeff Bezos oh, but there's a whole bunch of new billionaires now cuz they've got all the money so there's less competition. When there ain't no competition oh, they can fix the price any way they want. Remember how many gas stations we had back in the sixties all different kinds and they were owned by all different companies too. I like Sinclair they had a dinosaur.
@@friendlyfire7861 we could only wish that slogan would stop criminals. Our government has been infiltrated by Rich money-grubbing son-of-a-bitch has that want to make everybody is so poor that they can't fight back and now that we are aware of it they're trying to make it so people have to go through hell to vote. But that'll backfired because even the Republicans have to go through the same damn hell in order to vote.
@@dariosilva85 but the trouble is Greta's exponential that get greedier every year and they want more and more every year. Just like our bosses you want us to work more and more produce more product and get paid the same. Wages should be a contingency of productivity.
Wal-Mart's been having a Field Day with the Price Gouging. Something that was once 98 cents now cost $5 & Something that was $4 will cost you $11 Now.🤯
Extracting that wealth!! Bet the local employees didn't get raises to match the increases. Their system of extraction and profit is incredible. Extreme poverty, coming to a community near you! You've been forsaken for the profits of the few.
Damn she called them out. Still a world where wyte is right and nothing else matters. I know it is a touchy subject Amy, but you could have commented on that instead of skipping over it.
I believe that with the decades they have spent fighting against systemic racism, in many cases even being arrested or detained when physically at protests, and all the interviews and information they out out it is unnecessary. The guest summed it up quite succinctly.
Prof Goush is correct about the U.S.'s obvious hypocrisy, we behave in a disgusting manner and then expect no one will notice? I'm ashamed. Thank you for such in-depth and lucid reporting about the issues that affect us all.
The only loss of moral legitimacy is in Africa. They're not doing enough for Yemen and other African countries. The US and Europe must stop helping them and focus on places like Ukraine and their own countries.
@@paull2166 And not do like 14 illegal wars and torture programs and stuff like that too. Nobody said a thing about don't help Ukraine.. though we also need to be careful because getting the world nuked doesn't help anyone either.
I really liked the decorative ironing board behind her as she spoke, brings back childhood memories. As an adult, for the last 40 years, when it comes out the dryer, its 100% good to go. Just mansplaining grunge ya'll.
We entered the age of a Aquarius positive polarity,the collective concious expansions evolution Those who are holding power age of pisces ,are going for their last grasp
We must always remember that the starting point of war does not start on the battle field but in the minds of the people Peace is an individual achievement possible for every single human being.
@@kimberlychodur3508 I get your point and I agree. The Democrats need to wake up. Hardworking people can't carry every generational freeloader, especially with those numbers increasing. Let's hope the lazy non-contributors saved some of the Biden handouts. They've amassed incredible debt that will fall on future generations.
@@henryrollins9177 it's exactly like that. You are out of your mind. You can't accept that printing trillions has problems and effects l. The reason being is cause then there would be an immediate end to your welfare state.
Jayati Ghosh , a wonderfully astute woman. What a pleasure to hear from someone who can explain to us what is actually happening....I was thinking before listening to this video, why aren't countries taking this open window of opportunity and push towards green and clean energy, and then she says it ! Love it....
I watch both East and West news channel and I see that perception, but I think it's not actually true to the majority of Westerners that we don't care. I know Canada has and still is taking huge numbers of refugees from these countries and has extended aid and support. So, people actually have very short memories on many of these subjects regarding where they are in the world. I end up listening to, reading and being informed by a wide range of views and information and absolutely some Westerners have very out dated views as do many in the East, I;ve seen both. I make a point of putting up to date information out there in both directions. And I;m not even an expert, I'm just following what's going on. As for cost of things...there is GOUGING!!! These bug companies are profiteering. Its outrageous. Even small businesses are doing it in the West. Its disgusting. Yes, there needs to be regulations and even penalties for this. Thank you Jayati Ghosh.
Agree with that give people free printed money to stay at home and not produce goods and services and we have inflation. This was predicted in march of 2020 yet they didn't see it coming.
Though it is a fact that the developing countries are suffering from the current scenario but to a great extent they themselves are painting themselves into a corner. Corruption among the political mainstream is the main issue and this has come about because of the policy of the West which seems to be planned and deliberate in their strategy. As long as only lectures are offered, it is free but real efforts cause money and the West is not going to lift a finger to assist unless it is in-line with their interests!
The whole idea of competitive capitalism promotes all of this bad behavior by those in power. Until that's gone the bad behavior will continue, and with grave consequences for us all.
@@paull2166 Capitalism unfettered is a game of monopoly. The tweaks and adjustments have been made by both major political parties to an inherently flawed system.
I can agree that there is cost-push inflation in consumer good sectors but I also believe that there is demand-pull inflation in the U.S. housing market. The two models are supposed to be opposites but appear to be happening simultaneously, so perhaps the economy is in unprecedented territory due to irresponsible monetary policy by the Fed since the great recession in 2008
Yep! Inflation itself is from the massive debt spending, printing of currencies. As is always the case, central banks and politicians are the culprits along with their corporate partners. Obama said it outright in a speech stating that there is nothing wrong with business and government partnership, which is, economic fascism
@@jodylynn840 So you're not at all familiar with the prices in Japan in the 80s? Pretty heavy inflation! The dollars payed out in stimulus, unemployment, vaccine contracts etc. by the government had to be funded with dollars that didn't previously exist, ie debt spending, currency printing. Inflation is an expansion of the money supply. If Japan is not having Inflation it is because they are paying off more debt than they are creating
Huge respect for blatantly pointing out wars in Yemen, Afghanistan, and more places we would never know of because of the media's selective coverage. I wouldn't have known about the Tigray crisis and horrible situation if some Twitter handles had not pointed that out. Black lives matter, depending on where you stay and what eyeballs can one grab from the global media.
It is the downside of a total market economy, the big players take all they could get with no mercy. However it was good the professor highlighted the hypocrisy of how certain conflicts are treated by the supposed leaders of the World.
Well, if her eloquent description of current reality doesn't challenge your awareness of consciousness I don't know what will. Expecting predatory profiteers, who are as predictable and as wrong a reality as is the the sun appearing to rise in the morning, to change their opportunistic impulses without extreme pressure is absurd.
I would really appreciate it if we could cover the Federal Reserve. Corporations pale in comparison when it comes to the financial hardship and economic conditions that harm the average consumer. This doesn't cast a wide enough net and substitutes capitalism with cronyism.
We entered the age of a Aquarius positive polarity,the collective concious expansions evolution Those who are holding power age of pisces ,are going for their last grasp
Crypto currency and NFTs will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment
Thank you DM yet again for your work getting to the heart of matters. Excellent interview with Dr Ghosh. I dream of a world where all news channels do such forensic enterviews. But crikey - I need a good news section on DM. I tune in religiously but its tough going sometimes.
2 Esdras 15:1-9 "Behold, speak thou in the ears of my people the words of prophecy, which I will put in thy mouth, saith the Lord: And cause them to be written in paper: for they are faithful and true. Fear not the imaginations against thee, let not the incredulity of them trouble thee, that speak against thee. For all the unfaithful shall die in their unfaithfulness. Behold, saith the Lord, I will bring plagues upon the world; the sword, famine, death, and destruction. For wickedness hath exceedingly polluted the whole earth, and their hurtful works are fulfilled. Therefore saith the Lord, I will hold my tongue no more as touching their wickedness, which they profanely commit, neither will I suffer them in those things, in which they wickedly exercise themselves: behold, the innocent and righteous blood crieth unto me, and the souls of the just complain continually. And therefore, saith the Lord, I will surely avenge them, and receive unto me all the innocent blood from among them."
Time to nationalize US fossil fuel industry. In fact, time to nationalize all marketshared corporate entities up to the point of public having and maintaining controlling share. We must own them, as is they own us. The best relationship a marketshared corporate entity could imagine between itself and workers is one of outright ownership and slavery.
@@kx7500 horizontal? A state solution is the only solution available. Our present unchecked capitalist corporate plutocracy is obviously not the state or solution needed. An actual functional " For the people " democracy with a social structure to provide basic social needs for us all as a common acknowledged approach. So we can as a family/nation house our homeless, feed our hungry, educate our children, ensure medical care/healthcare for everyone. Plan for our future instead of insisting as long as Wallstreet is up all is right in the world.
@@fellsmoke a state can never work for the people because centralization inherently is undemocratic and authoritarian. The state is literally just an organization tool for the ruling class. Capitalism can not exist without the state. Democracy is horizontal, decentralized. Not vertical like a state.
@@kx7500 obviously semantics are an issue. Talking past others because their word definitions and usage differ from yours when what they say is obviously based on an obvious difference in word usage "definition" missed the point. Obviously my definition of democracy includes the usage of the word "state" as in a "democratic state" how about a democratic state of mind? Words are trivial and all important too. One word can hold various meanings in one mind, and every mind doesn't know the actual meaning attached by another mind without mutual understanding clarification is always a necessity. Especially in dealing with strangers out of the blue. "Nation" by my definition of the word implies "family" A tribal group is generally the essence of a nation. As long as purpose and intent is culturally unified as a cooperative unit/group, to promote itself as a whole, even with hierarchy, which is an essential component regardless anyway and always in a democracy or any social order, as long as the common good is the open objective it can qualify as a nation. I see China, with it's 5000 years of continuous cultural existence, and current sea change of higher life quality wrought for the great masses of that place to be a "National" achievement. On the other hand I look at this place, my home, the US, and all I see is a place. A capitalist plutocracy from inception till today. Nation doesn't apply unless by Nation you mean corporate plutocracy, owned by a tiny few, not me or you. We are we "stock" workers, cannon fodder, source of cheap flesh and slave labor. You understand? Private "chattel" slavery was ended during the civil war as a means to impoverish wealthy southerners for whom slaves represented huge capital value. The Thirteenth amendment as I say explicitly ended it. But it also maintained slavery for the "state" legally with the clause allowing the enslavement of incarcerated people by the state, be it city, county, state , federal, and now corporate prison industry subcontractors. So I maintain this is a place a nasty capitalist state, certainly not a democracy or a Nation, it is the land of doublespeak, the land of the free, with more people incarcerated than anywhere else on earth, in a place/nation not a nation with legalized slavery for it's incarcerated. A predatory police state.
@@Semelem 💯%!! But In reality it is the system (and repukes) that doesn't allow for change. I donate mainly to progressives (and select Dems if I have extra money). I vote straight party line 💙 because they are still better than the American Taliban party .
Dump ALL incumbents: First they came for the elderly, but I did nothing because I was not old. Then they came for the disadvantaged and poor, but I did nothing because I was prosperous. Then they came for the heat and transportation, but I did nothing because I could afford it. Then they came for the food, but I did nothing and was one of the last to starve.
I love how she says “you have to regulate these companies”. 😂 you mean the politicians should vote to regulate the companies that pay the politicians and who’s stock increases are benefiting the politicians? You mean politicians should be selfless and care more about their constituents? 😂 how naive and hilarious.
regulation agencies are often independent of elected reps, even if they have power to open or close the agency it's still the regulators doing their job IF and ONLY IF they aren't bought out by the very same people they are supposed to be regulating.
It is not naive or hilarious. These companies were once regulated. Corruption was not as endemic as it is now. Free market capitalism has removed the checks and balances that were once there. We have to acknowledge the disaster removing these common sense rules and regulations has caused and we need to reinstate them. This can be done through people power and a redefinition of our values.
So to regulate corporate america is just greedy politicians? The EPA has no wings as Scott Putritt in charge of the EPA said. This take on regulation come from Fox News? So when right wingers vote against a carbon tax, they are voting against greedy politicians, and for greedy corporate owners profits. It's the politicians at fault for regulation, , not corporate greed at any cost against regulation.................... GOT IT!
I say, let the greed prevail until this monopoly game ends, capitalism goes belly up and we all start getting those UBU checks OR let the USA turn into a 3rd world country where nobody will want to come.
The "climate catastrophe" is here. Climate is too big for any government to tackle as we've seen over the last "do nothing" 50 years. I've been saying for years - we need efforts to protect & assist the migration of flora, fauna & populations.
We entered the age of a Aquarius positive polarity,the collective concious expansions evolution Those who are holding power age of pisces ,are going for their last grasp
After watching so many CZcams tutorial videos about trading I was still making losses untill Mr Donald Watkins started managing my investment now, I make $6,800 weekly. God bless Mr Donald Watkins . His been a blessing to my family.
beautiful guest. Agree with her on the money manipulation of all kinds. However, I feel "climate change" is a game that the powerful will also slant for exploitation. Would like to know what she is referencing for her opinion on that.
Professor Ghosh is a gem! Her facts & figures are stark & sobering, but her bright warmth and boundless optimism is so hopeful. Please invite her back, to 'splain WTF's goin' ON in our crazy world... thank you, Dr. Jayati! Love from the USA!
You're forgetting the sanctions against both China and Russia that now killed Europes financial dominans and have already started a world wide starvation in less fortunate world and poverty here in EU
An alternate financial system will be created as a result of the sanctions. This will further decrease the standing of west especially Europe. The only ones Europeans can blame for the rest of the world not caring about Europe financial system in the future is European themselves.
We condemned China's corruption. Why aren't we doing anything to curb corruption in our own country?
What “China’s corruption” was stated in this video?
We live under white privilege and that's how America treats the world..white first
@@billinsf88 Its a reflection of US pronouncements about Chinese trade policy as being protectionist. The first step towards the abyss.
We have more prisoners than any country! Corrupt people are constantly weeded out! It's the system that's above suspicion.
The majority of the voters do not participate or personally contact the lawmakers. Until that dynamic changes expect no change.
Bless this woman for saying it straight out.
She made an important point that falls on deaf ears in the West. Other countries are tired of being served a meal of threats and lectures topped off by hypocrisy. The United States invaded Iraq and Afghanistan to topple their governments without any moral hesitation at all and nobody did a thing to stop them, let alone even think of sanctions. While the West is counting the numbers of civilians killed in Ukraine on an almost daily basis, the United States wrote off the deaths in Iraq and Afghanistan as collateral damage. The message that is coming across from America is “I’ll do whatever I want and the rest of you will do what I say.”
Not just the war ..after bombing Afghanistan for 20 years US appropriated their currency starving 13knew born babies in 2020 alone..people are selling their kidneys..we are shocked at this apathy..everyone has Ukrainians flag while no one would even know the colour of Afghani flag..such hypocrisy!
Folks have said this for 60 years and the response is crickets. No course change at all.
@@Oracleofcrows Gay people got same sex marriage by saying it over and over. If they can change the natural order of things, then this can happen too.
Agreed.
LIES! It's OBVIOUS you're a Russian Disinformation Troll Farm
True & honest words 👏 We need more minds like Mrs.Ghosh all over the world quickly. Wake up fellow friends we're in this together.
Maybe it’s time we stop printing money that’s what’s causing inflation give me a break by the way I’m not against breaking up corporations but to lie not to say that this is mainly to do with the Fed is just wrong
Dr. Ghosh is spot on with her analysis of the world economic crisis.
The hypocrisy isn't lost on me.
Good piece, the guest was awesome .
Missing white girl syndrome is easier to sell to the masses
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
Excellent discussion, Professor Ghosh has spoken out boldly about the hypocrisy of US Government. Question is whether the US Government is capable enough to regulate the gigantic corporations?
it's not
No.
They wont because they are making too much money
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
The current system of government and the current makeup of that government, congress/president and his administration/Supreme Court, all all composed of far too much conservative influence. That influence in the American context, with a strong push to go back to the days of Laissez-faire capitalism. They most definitely would not allow any sort of controls over profiteering or exploitation. You can tell they are bairly containing their internal hatred of the reimmergence of labor power and unions. There is no way they would allow corporations to be shackled by morality and ethics.
“Stagnating economies can, indeed, be very good for the rich, who feast off the carnage.”
It's a Monopoly
to get it
you must
take it.
What caused the economy to stagnate? That is where the blame needs to be placed.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
“Economic growth without investment in human development is unsustainable- and unethical”. Amartya Sen
“Economic growth is not only unnecessary, but ruinous”. Alexander Solzhenitsyn
So since when is record profits part of inflation? The lies about inflation are insane, greed is behind all this and needs to be called out, antitrust laws need enforcing. 4 companies control the price of meat and can raise prices anytime they want.
They have you focused on meat. So easy to lead you by the nose.
Exactly. It's insane that we tolerate this BULLSHIT. They think we're stupid and try to distract the brain dead with the Depp-Heard trial.
NO JUSTICE NO PEACE UNTIL THESE RETHUGGLIKKKAN INSURGENTS ARE IN JAIL
I live, my family lives under the umbrella of capitalism. WE now work harder to make ends meet as a working class family. Capitalism is killing the world. WE work hard for a living standard. WE contribute to through taxes. Yet the corporate world, the insiders and government officials seem to keep just getting crazy rich. There is no difference of a Russian oligarch or an American, British, French, Canadian or what ever. The easy street of 'old money' and investment schemes from that early hay day of greed have left the working class people with one option. The option is to fight to overhaul scheme of Capitalism. Capitalism is now another word for mafia-ism.
This economist is exactly right. It’s a cost-push problem and raising interest rates and imposing austerity will not address this. You should also get Stephanie Kelton, L. Randall Wray, Fadhel Kaboub, Bill Mitchell, Steven Hail, Steven Keen on to discuss and debunk the mainstream nonsense that people are subjected to and lead to exacerbation of negative impacts of the mainstream propaganda and misunderstandings.
All leftists liars no thanks
Amy: official inflation rate of 8.5% is inaccurate. The real rate of inflation is 28.4%. Gas price is up 100%, bread, meat, energy, rent, housing prices in some cases have been increased by 200 to 300%. These aren't completely due to the "cost push" factor, but more to greeds by the oligarchy, monopoly companies, future commodity market, and oil companies. Who owns the shares of these companies? The 10% of upper class, ppl who are making a killing and have the politician in their pockets. Ukraine war is another shock therapy for another phase of neo-liberalism to complete barbarism. Don't forget what he said " America is back" to wars, proxy wars( Ukraine,) and coup( last week in Pakistan.)😎
In the local Wal Mart grocery store prices of individual
items have gone up from20% to 200%.
Gasoline up by 80%.
Professor Goush puts things in order; the greed of corporate leaders has fueled poverty throughout the world! Thank you Miss Amy for bringing truth to a people constantly lied too !!!
this could be news from 2019 .. or 2015... It Hurts the Developing World PATHETIC LIES. The world is not developing. These news channels are basically peddling bullshit, years on.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, but inflation was not around then, so it cannot be profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
@@danialhillmann5374 no it's just that only Americans see their conspiracies as world wide impacting for everyone else. You believe in stories that been told for 100 years, and economists around the world actually study the impact of actually factors. You literally took all the information they were provided and went "har har the fed is private harpy derpy"
The #1 problem is the privately owned federal reserve bank and the cover up of this problem by everyone since who controls the source of money controls politicians and medias.
Greed is not a problem it's a reality. The problem is government system that do not regulate commodities and instead collude with big corporation. The US govt is one such non public government controlled in the think tanks and deep state by private interest while putting a fake public image with a puppet president and corrupted senate legislators. It's a failed government pure and simple or an oligarchy that pretends to be something else.
We entered the age of a
Aquarius positive polarity,the collective concious expansions evolution
Those who are holding power age of pisces ,are going for their last grasp
The "Free" in Free Market means "Free from interference" in their quest to parasite off of humanity for their own enrichment
Great & truthful analysis of this issue. We won't see this on corporate media.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
" There is no greater misfortune than greed." - Lao Tzu
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
“Greed makes man blind and foolish, and makes him an easy prey for death” Rumi
“As long as greed is stronger than compassion, there will always be suffering”. Rusty Eric
“Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction”. Erich Fromm
This is the most well spoken economist I’ve ever heard! Will be following her work.
She did her PhD at Cambridge University UK
What good is eloquence when all you can say is garbage?
Joseph Stiglitz and Robert Reich aren't slouches either. .
Read the deficit Myth by Dr Stephanie Kelton .
Mrs Laura is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mrs Laura thought I' m the only one trading with her
She helped me recover what I lost trying to trade my self
Please how do I start with Mrs LAURA ??
@@arthurjoshua1350 her info is.⬇️
꧁༒☬෴十𝟭𝟳8𝟲𝟳𝟬𝟱𝟴1𝟲𝟬෴☬༒꧂
🥳🎉 HAPPY BIRTHDAY AMY! 🕯️🎂🎈
Wonderful piece! Exactly what's been frustrating me from watching other news and not hearing, I knew would be discussed here at Democracy Now!
For years nobody at the nationwide news channels mention the Genocide in Yemen, Afghanistan, Palestine etc because it couldn't happen without help from our American government. But soon as middle class white European families are affected that's all they talk about. I wouldn't feel informed at all without your daily world report and dive's into the biggest stories of the day.
PS: You need to enjoy your birthweek instead of just one day! 🥂 Here's to you Amy🎉!
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
@@dariosilva85 I don't know I wrote that mentioned anything you are referring to. But yes, greed wasn't just invented. But the last group were the professional grifters. A regular criminal crime family. Just a couple of days ago it came out two of them received 3 Billion dollars from Saudi Arabia to try to stop the investigation on their prince for murder. All but a handful of the latest crop of representative's go into their job on day one owing favors to corporations from the legal bribes they are happy to take. Doing nothing for the people and everything for the corporation's who fill their bank accounts. Until we stop that first nothing will be done to help the people.
@@WillieWeed Dems have screwed your mind up as what is causing our problems.
🌬📢 🖐🏻🖐🏼🖐🏽🖐🏿 IM SAYIN!
💖💗💓💓💞💞💞💕💕💟💟❣🖤🤎💜💜💚💚💛💛💯THANK YOU BEAUTIFUL SAID!!
Excellent discussion with your guest speaker Ghosh. Thank you Amy and Juan for hosting this. 👍👍👍
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
Happy Birthday, Amy, wish you many more & thanks for covering issues that matter.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
How many more? She's like 77..so like 80 more? 20? 3? Years more?
She is 65.April 14 1957.
Who the hell is Amy 😂😈?
Yes! This lady made a great point about Yemen vs Ukraine.
Not really. It's an apples to oranges comparison. People in the middle eat have been fighting over one corner of the sandbox, or other four literally thousands of years. This, however, is the first significant conflict on the European continent in nearly four generations.
@@hughjassle5876 I think the guest made a valid point that the west and its allies only care about moral values when its the white people of US and europe.Also she made another point that giving selective moral lectures doesnt make sense.
Belgrade bombings for cosovo liberation, this ukraine war was forced by nato to happen by biden b***h, boris uk b****h and eu socialist b****es
@@hughjassle5876 ...involving the nation with the largest nuclear arsenal in the world none the less.
@@hughjassle5876 wait... are you claiming that for the past 4000* years there hasn't been constant wars and invasions over the Ukrainian steppe? The majority of the largest invasions of Europe, historically, have come from that region. So no it's not apples to oranges. It'd fucking tangerines and mandarins. You just have a eurocentric view, one with a extremely bias and ignorant historical knowledge.
Thank you all of you. The professor is so knowledgeable, that is amazing, but for me the most important quality is “she is a human being.”
Really they are pushing world communism. My god destroy capitalism, and then make the world pay for their failed cultures.
We have matched inflation from 1981. In 1981 the prime rate was 21.5%, today 3.5%. Unemployment 1981 8.5%, today 3.6%. America's economy is strong, corporations and big oil are ripping us off. Take a look at corporate earnings of everything you buy. Compare them to numbers before the pandemic and you will see they are causing inflation.
The layer of computerization, from employees, end users and robot manufacture, have created a strata
of artificial use and consumption that drains ordinary life, not just the economy. If it is said that the only
export that is profitable for the United States is visual entertainment, you're looking at a country that is
now based on capturing your attention, expecting you to sit and watch and give of your life for nothing.
Blame Biden and the Democrats. Period.
@@paull2166 I'm surprised you haven't blamed Hunter's laptop. Or maybe the Moon or the wind.
@@paull2166 ok you wanna do that kinda thinking so did you blame Reagan then… after all he was the Prez in ‘81!!
News flash for ya inflation is happening everywhere…do to the situation from 2020!!
But I guess everything is Biden’s fault though!!
Dude get a frickin clue!!!
You can't just magically raise prices. If you try, you'll go out of business. What you can do is collude with the government to control markets, which is what has happened under Biden.
Jayati Ghosh 6:01: "I don't think people in the West realised the extent to which they have absolutely lost moral legitimacy in terms of the very very different reactions they have exposed in this war to white European lives and all other lives in the rest of the world. This is not lost to anyone in the developing world." When developing countries suffer hardship and injustices due to war and/or sanctions and/or inflationary pressures, the developed world don't pay attention because their comforts are not affected. But when the Ukraine crisis affects the comfort level of the developed world, a lot of cacophony is generated. Indeed not all lives are the same.
It's so insane. And when you try to SAY these things to even "Liberals" in America it's like they don't even hear you. They don't WANT to know, because then they'd have to confront that OUR taxes are funding the war machine! And really, the exchange is so disportionate in gains it's surprising more people aren't angry that ALL our taxes are going to killing others and our country is falling apart at the seems. 😔
@@tigerlily1118 Govt give taxpayer's money to the military industrial complex which use it to fight wars. The longer the war is prolonged, cos more equipment have to be used, the more the elites gain because the profits from weaponry sales goes into their pockets. (Stocks of defence companies climb everytime there's a war, it makes sense for them to have wars around.) When there are setbacks to the war, like worldwide inflation, energy/wheat/fertiliser/etc shortages, the rich elites are sheltered from these shocks while people in the developing and developed world suffer as surely as debts increase massively in their country. War Is a Racket (also a speech and a 1935 short book by Smedley Butler) that benefits a small minority and harms just about everyone else.
Very informative piece! Professor Ghosh is so brilliant and explains economics so clearly!!
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
Every country should be FOOD independent. We have all we need to be self-sustaining.
ots your US government policies over decades & decades that are literally responsible FOR STOPPING countries from being FOOS INDEPENDENT!! Just CRIMINAL the US global-competitve leadership!
Not every country can do that. You can't grow apples in a hot desert.
@@bulthaosen1169 Grow what you can in your region but still be sustainable
Ms. Ghosh is on point about why different countries have a different view on the Russian invasion…”double standard”.
*Prof Ghosh
Your guest is very knowledgeable indeed , glad to hear someone who has a wider point of view regarding the current issues. Thanks for the interview. Keep up the good work.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
The corporations seized the opportunity to price gouge. There are no constraints placed on them. Tax the surplus profits ffs.
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
We don't need to tax him just make them pay a living wage. And then we can tax a people who are making a living wage. And the rich people if they got any money left over.. A living wage would help everybody and our own government.
@@edwardroche2480 the problem isnt just the wage. The problem is the power that these corporations buy with all of that untaxed profit. They are bleeding this country dry. You ever wonder why things that are very popular never gets passed, but war and taxes pass easily? Power. That comes from all that $.
@@dariosilva85 oh sure, but a crime needs intent and opportunity. Dont take my word on it, take theirs. They arent hiding the fact that they are taking advantage of the pretexts of the pandemic and war to pounce. Hundreds of earnings calls have all admitted such. The inflation is probably at least 50% profit padding to buy backs and share holder dividends. So when youre handing over the last penny of your hard earned $ to tax dodgers and cheats, i hope you at least feel good that your $ is being used against your interests for theirs. Pure obscene greed.
Its remarkable how they can drive inflation up during such a terrible time in history. During a pandemic to exasterbate resources at a time like this!!!
They are without souls.
Government's use inflation to make the masses pay for their mistakes.
clueless
@@alexbird1695
If you're clueless, try reading Klaus Schwab's "The Great Reset"
Because he's right.
Professor Gosh, to say people in the West must wake up is ingenious. I for one woke up more than a decade ago. Unfortunately without a viable movement I am absolutely powerless to make a difference. I detest people that say, 'why do you keeping talking about all the issues with our governments and the politicians, you can't do anything about it anyway'. Unfortunately, they are right.
Good morning, Amy . You and the team of Democracy now are our rising sun of news to our world. Thanks all for all you do ❤️
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
At the root of all these issues is the political economy - capitalism. Until this system is done away with these problems will only continue to worsen - dramatically.
Yep.
"Making a killing" is a very apposite phrase in this context, I think. As is the "clear and present danger" of climate catastrophe. Thanks to Jayati Ghosh.
God help you people, you have no idea what's coming, I'll give you a hint it won't be warm weather.
There is no such thing as corporations that will pay workers well and give them agency. To stay alive they must commodify labor and continually push down wages. These reforms might provide a little relief, but don’t solve the systemic problem of CAPITALISM!
Just prepare for the conflict to come. History is ripe with examples and the ingredients are already cooking in the pot.
The only positive way forward is intersectional solidarity of the masses. We've been Divided and Ruled for too long. Principles over political parties.
stressed is just desserts spelled backwards
@@joshcourt1393 Yes, agreed, but that solidarity is useless without the proper political perspective. Find the common denominator across the masses and steer that energy towards a new system based on human need.
Anarchy now.
@@kx7500 On the right track, but look at the history of the Paris Commune.
I wake up to Amy. Don't know what I would do without her keeping us informed and telling the truth. May she live 100 more year!
Prof. Ghosh is absolutely right. We will experience the worse economic catastrophe the world has ever experience starting the Fall of this year !🤣💥👎
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
The USA has been "printing money" since the 2008 crisis. You can't keep that up without affecting the value of the USA Dollar and the related "petro-dollar." Everybody is screaming about inflation without acknowledging the history of "currency failures" due to inflating the money supply and then merely moving that excess into pockets of the rich. As a global reserve currency (under pressure from alternatives) the USA is losing its financial credibility. The US dollar is losing value, so it is a serious DEFLATION in the value of US Dollars. USA is an "empire" being challenged by both China and Russia, who both have "leaders for life" that look a lot like Napoleon, the hero to so many maniacal military geniuses. And the Patriotic Allegiance of Americans creates an all-or-nothing, win-or-lose scenario to go down fighting. The rest of the planet needs to END the Chess Game of Military Solutions by knocking the Three Empires off of their Imperial Thrones and creating a world without empire(s). Survival entails decreasing conflicts to near ZERO, without "fake" proxy wars destroying human civilization.
We entered the age of a
Aquarius positive polarity,the collective concious expansions evolution
Those who are holding power age of pisces ,are going for their last grasp
A total economic political social shake up !
I can tell you exactly what is wrong in two words. Corporate greed!
That is total bullshit. Corporate profiteers and greedy businessmen were always around, even a couple of years ago before Joe Biden became president, how come we didn't have inflation then? It was not profiteers and greed who caused the inflation. Inflation was caused by Joe Bidens policies, and started to rise exactly after the huge spending bills were passed, and huge amounts of money were put into circulation in the economy.
@@dariosilva85 you must be at least two years old if you can't remember inflation. I'm about 70 and I used to buy a Snickers bar for a nickel. There are over a dollar now. Inflation help I used to be able to pay my rent on a buck 75 an hour 120 a month rent for a nice little one-bedroom apartment in a 4-unit building. My dad bought a new car for $3,000 and gallon of gas was only 25 shanqin 1969. Yes inflation we're having right now is super crazy. Oil it was only 20 bucks a Barrel when it was $0.25 a gallon. Today or oil is about $100 a barrel and Gas should only be about a buck and a quarter to a buck-fifty. Inflation is constant. But when they announced that 6.7% inflation and our cost of living adjustment from Social Security everybody went nuts raising prices. You can't blame it on one man and if there was one man to blame it would be Jeff Bezos oh, but there's a whole bunch of new billionaires now cuz they've got all the money so there's less competition. When there ain't no competition oh, they can fix the price any way they want. Remember how many gas stations we had back in the sixties all different kinds and they were owned by all different companies too. I like Sinclair they had a dinosaur.
Simplistic answers for simplistic minds. Slogans don't solve problems.
@@friendlyfire7861 we could only wish that slogan would stop criminals. Our government has been infiltrated by Rich money-grubbing son-of-a-bitch has that want to make everybody is so poor that they can't fight back and now that we are aware of it they're trying to make it so people have to go through hell to vote. But that'll backfired because even the Republicans have to go through the same damn hell in order to vote.
@@dariosilva85 but the trouble is Greta's exponential that get greedier every year and they want more and more every year. Just like our bosses you want us to work more and more produce more product and get paid the same. Wages should be a contingency of productivity.
I am woke here in the West! I hear you loud and clear
Wal-Mart's been having a Field Day with the Price Gouging. Something that was once 98 cents now cost $5 & Something that was $4 will cost you $11 Now.🤯
Extracting that wealth!! Bet the local employees didn't get raises to match the increases. Their system of extraction and profit is incredible. Extreme poverty, coming to a community near you! You've been forsaken for the profits of the few.
I blame the Democrats and Biden.
@@paull2166 Not CEO's & Shareholders who actually decide the prices of the Businesses you shop at...Yeah makes "Perfect" Sense.🤦🏿♂️🙄
Oh food 4 less is killing it with their prices. Anybody shops there is stupid!
@@user-em6ie2be7x Become a "CEO" and set the prices wherever you want them. 🤔.
Thank you professor Ghosh. Reality therapy like this is so necessary!
Damn she called them out. Still a world where wyte is right and nothing else matters. I know it is a touchy subject Amy, but you could have commented on that instead of skipping over it.
I believe that with the decades they have spent fighting against systemic racism, in many cases even being arrested or detained when physically at protests, and all the interviews and information they out out it is unnecessary. The guest summed it up quite succinctly.
As always, you and Juan hit a home run. And this particular guest is GREAT. ... neither Amy nor Juan are allowed to retire !
Prof Goush is correct about the U.S.'s obvious hypocrisy, we behave in a disgusting manner and then expect no one will notice? I'm ashamed. Thank you for such in-depth and lucid reporting about the issues that affect us all.
Cannot let another 2 years of this go on its time for the American ppl. to drag every corrupt politician out of the office
So 100% of them
So glad someone is saying it on the news.
The only loss of moral legitimacy is in Africa. They're not doing enough for Yemen and other African countries. The US and Europe must stop helping them and focus on places like Ukraine and their own countries.
@@paull2166 And not do like 14 illegal wars and torture programs and stuff like that too. Nobody said a thing about don't help Ukraine.. though we also need to be careful because getting the world nuked doesn't help anyone either.
@@iversonmatthew Africa and most of the world has rampant SLAVERY. The US and Europe completely abolished slavery 150 years ago.
I really liked the decorative ironing board behind her as she spoke, brings back childhood memories. As an adult, for the last 40 years, when it comes out the dryer, its 100% good to go. Just mansplaining grunge ya'll.
Tell them professor Jayati, they think the world is ignorant of their wicked acts.
We entered the age of a
Aquarius positive polarity,the collective concious expansions evolution
Those who are holding power age of pisces ,are going for their last grasp
We must always remember that the starting point of war does not start on the battle field but in the minds of the people
Peace is an individual achievement possible for every single human being.
Really .
nah I believe in our politicians who told us the war started when putin started it FOR NO REASON oh wait coz he is an imperialist ...
🤣🤣🤣🤣🤣
Of course the price hasn't changed for food stampers; it's still free... Bahaha 😆
@@paull2166 better watch out making fun of food stamps, pretty soon everyone will need them if food prices keep rising the way they are.
@@kimberlychodur3508 I get your point and I agree. The Democrats need to wake up. Hardworking people can't carry every generational freeloader, especially with those numbers increasing. Let's hope the lazy non-contributors saved some of the Biden handouts. They've amassed incredible debt that will fall on future generations.
The economists doesn’t even mention the excess of money offer in the markets. Inflation is always and everywhere a monetary phenomenon
Hahaha...keep repeating that BS if you want buddy, but it is demonstrated that it is not like that.
@@henryrollins9177 it's exactly like that. You are out of your mind. You can't accept that printing trillions has problems and effects l. The reason being is cause then there would be an immediate end to your welfare state.
Yes, we know, this the usual excuse for their greed.
@@ralfschultz5347 there is a nobel Prize in economics awarded non monetary showing this, Milton Friedman.
I love the way she explains the inflation with all the details.
She was dead wrong about moral legitimacy! It's NOT a moral dilemma, we should be helping Ukrainians, NOT Africans. Period.
Such an important and enlightening lecture ! Thank you very much.
Jayati Ghosh , a wonderfully astute woman. What a pleasure to hear from someone who can explain to us what is actually happening....I was thinking before listening to this video, why aren't countries taking this open window of opportunity and push towards green and clean energy, and then she says it ! Love it....
An ultra liberal with a significantly skewed ideology. She's painting the back of the picture.
I watch both East and West news channel and I see that perception, but I think it's not actually true to the majority of Westerners that we don't care. I know Canada has and still is taking huge numbers of refugees from these countries and has extended aid and support. So, people actually have very short memories on many of these subjects regarding where they are in the world. I end up listening to, reading and being informed by a wide range of views and information and absolutely some Westerners have very out dated views as do many in the East, I;ve seen both. I make a point of putting up to date information out there in both directions. And I;m not even an expert, I'm just following what's going on.
As for cost of things...there is GOUGING!!! These bug companies are profiteering. Its outrageous. Even small businesses are doing it in the West. Its disgusting. Yes, there needs to be regulations and even penalties for this. Thank you Jayati Ghosh.
HAPPY BIRTHDAY AMY. Hope you have a healthy and prosperous year; and, may you continue reporting for years to come. Love Democracy Now!🎈🎈⚘
Actually insane government spending and endless printing of money is what’s driving inflation
Agree with that give people free printed money to stay at home and not produce goods and services and we have inflation. This was predicted in march of 2020 yet they didn't see it coming.
Though it is a fact that the developing countries are suffering from the current scenario but to a great extent they themselves are painting themselves into a corner. Corruption among the political mainstream is the main issue and this has come about because of the policy of the West which seems to be planned and deliberate in their strategy. As long as only lectures are offered, it is free but real efforts cause money and the West is not going to lift a finger to assist unless it is in-line with their interests!
Happy B-Day Ms. Goodman, you're awesome! and thank you for interviewing Jayati Ghosh! ✨🙏🏽🌟🌍🌟🙏🏽✨
There needs to be a windfall tax on energy companies.
The whole idea of competitive capitalism promotes all of this bad behavior by those in power. Until that's gone the bad behavior will continue, and with grave consequences for us all.
The problem is Biden and the Democrats. Liberalism created this problem, it'll never happen under capitalism.
@@paull2166 Capitalism unfettered is a game of monopoly. The tweaks and adjustments have been made by both major political parties to an inherently flawed system.
@@randyhilton6629 Of course the price hasn't changed for food stampers; it's still free... Bahaha 😆
@@paull2166 Sounds like an argument for socialism.
@@randyhilton6629 based
I can agree that there is cost-push inflation in consumer good sectors but I also believe that there is demand-pull inflation in the U.S. housing market. The two models are supposed to be opposites but appear to be happening simultaneously, so perhaps the economy is in unprecedented territory due to irresponsible monetary policy by the Fed since the great recession in 2008
yeah...Putin is NOT to blame blind people!!
Yep! Inflation itself is from the massive debt spending, printing of currencies. As is always the case, central banks and politicians are the culprits along with their corporate partners. Obama said it outright in a speech stating that there is nothing wrong with business and government partnership, which is, economic fascism
@@mikeb5372 That's completely false! Japans debt to GDP ratio is 270% with little to no inflation! Also historically it says otherwise!
@@jodylynn840 So you're not at all familiar with the prices in Japan in the 80s? Pretty heavy inflation! The dollars payed out in stimulus, unemployment, vaccine contracts etc. by the government had to be funded with dollars that didn't previously exist, ie debt spending, currency printing. Inflation is an expansion of the money supply. If Japan is not having Inflation it is because they are paying off more debt than they are creating
@@mikeb5372 They have been doing this for 30 years and have been trying to reach 2% inflation!
Huge respect for blatantly pointing out wars in Yemen, Afghanistan, and more places we would never know of because of the media's selective coverage. I wouldn't have known about the Tigray crisis and horrible situation if some Twitter handles had not pointed that out. Black lives matter, depending on where you stay and what eyeballs can one grab from the global media.
This is a brilliant interview. Spot on. Thank you.
Well said. US and Europe have lost all moral authority and respect long time ago. It is over and Asia will not go back.
The great reset has been happening. 🔥
It is the downside of a total market economy, the big players take all they could get with no mercy. However it was good the professor highlighted the hypocrisy of how certain conflicts are treated by the supposed leaders of the World.
So informative. Thank you!
TAKE HEED PROFITEERS, IT IS WRITTEN:
"WHATSOEVER A MAN SOWETH, THAT SHALL HE REAP."
Well, if her eloquent description of current reality doesn't challenge your awareness of consciousness I don't know what will. Expecting predatory profiteers, who are as predictable and as wrong a reality as is the the sun appearing to rise in the morning, to change their opportunistic impulses without extreme pressure is absurd.
I would really appreciate it if we could cover the Federal Reserve. Corporations pale in comparison when it comes to the financial hardship and economic conditions that harm the average consumer. This doesn't cast a wide enough net and substitutes capitalism with cronyism.
Happy birthday Democracy Now, Amy & Juan; years of informative journalism and reporting thank you for you, 🎁
Thank you! Amazing episode. Only if mainstream media could have this kind of news...
Thanks 😊 professor for telling the TRUTH. So rare. So much corruption.
Awesome guest. Good to see you are pushing the truth again and not corporatism. I hope this is a sign going forward
Buy and sell locally!
Every time a child goes to bed hungry due to increased costs, a business major gets their performance bonus. What a fucking world.
We entered the age of a
Aquarius positive polarity,the collective concious expansions evolution
Those who are holding power age of pisces ,are going for their last grasp
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Thank you DM yet again for your work getting to the heart of matters. Excellent interview with Dr Ghosh. I dream of a world where all news channels do such forensic enterviews. But crikey - I need a good news section on DM. I tune in religiously but its tough going sometimes.
Amy is the best!! She always have great programs, may she live a long and healthy life!
DEREGULATION , DEREGULATION, DEREGULATION = REAGAN for those of short memory in America.
Corporate should be heavily taxed to lower everything!
2 Esdras 15:1-9
"Behold, speak thou in the ears of my people the words of prophecy, which I will put in thy mouth, saith the Lord: And cause them to be written in paper: for they are faithful and true.
Fear not the imaginations against thee, let not the incredulity of them trouble thee, that speak against thee. For all the unfaithful shall die in their unfaithfulness.
Behold, saith the Lord, I will bring plagues upon the world; the sword, famine, death, and destruction. For wickedness hath exceedingly polluted the whole earth, and their hurtful works are fulfilled.
Therefore saith the Lord, I will hold my tongue no more as touching their wickedness, which they profanely commit, neither will I suffer them in those things, in which they wickedly exercise themselves: behold, the innocent and righteous blood crieth unto me, and the souls of the just complain continually.
And therefore, saith the Lord, I will surely avenge them, and receive unto me all the innocent blood from among them."
KAN AND SHALOM APTTMHY FOREVER AND EVER
Time to nationalize US fossil fuel industry. In fact, time to nationalize all marketshared corporate entities up to the point of public having and maintaining controlling share. We must own them, as is they own us. The best relationship a marketshared corporate entity could imagine between itself and workers is one of outright ownership and slavery.
@Consciousness Now exactly
The state is not the solution, it’s just another facet of capitalism. A horizontal system is the only solution.
@@kx7500 horizontal? A state solution is the only solution available. Our present unchecked capitalist corporate plutocracy is obviously not the state or solution needed. An actual functional " For the people " democracy with a social structure to provide basic social needs for us all as a common acknowledged approach. So we can as a family/nation house our homeless, feed our hungry, educate our children, ensure medical care/healthcare for everyone. Plan for our future instead of insisting as long as Wallstreet is up all is right in the world.
@@fellsmoke a state can never work for the people because centralization inherently is undemocratic and authoritarian. The state is literally just an organization tool for the ruling class. Capitalism can not exist without the state. Democracy is horizontal, decentralized. Not vertical like a state.
@@kx7500 obviously semantics are an issue. Talking past others because their word definitions and usage differ from yours when what they say is obviously based on an obvious difference in word usage "definition" missed the point. Obviously my definition of democracy includes the usage of the word "state" as in a "democratic state" how about a democratic state of mind? Words are trivial and all important too. One word can hold various meanings in one mind, and every mind doesn't know the actual meaning attached by another mind without mutual understanding clarification is always a necessity. Especially in dealing with strangers out of the blue. "Nation" by my definition of the word implies "family" A tribal group is generally the essence of a nation. As long as purpose and intent is culturally unified as a cooperative unit/group, to promote itself as a whole, even with hierarchy, which is an essential component regardless anyway and always in a democracy or any social order, as long as the common good is the open objective it can qualify as a nation. I see China, with it's 5000 years of continuous cultural existence, and current sea change of higher life quality wrought for the great masses of that place to be a "National" achievement. On the other hand I look at this place, my home, the US, and all I see is a place. A capitalist plutocracy from inception till today. Nation doesn't apply unless by Nation you mean corporate plutocracy, owned by a tiny few, not me or you. We are we "stock" workers, cannon fodder, source of cheap flesh and slave labor. You understand? Private "chattel" slavery was ended during the civil war as a means to impoverish wealthy southerners for whom slaves represented huge capital value. The Thirteenth amendment as I say explicitly ended it. But it also maintained slavery for the "state" legally with the clause allowing the enslavement of incarcerated people by the state, be it city, county, state , federal, and now corporate prison industry subcontractors. So I maintain this is a place a nasty capitalist state, certainly not a democracy or a Nation, it is the land of doublespeak, the land of the free, with more people incarcerated than anywhere else on earth, in a place/nation not a nation with legalized slavery for it's incarcerated. A predatory police state.
One of the best guests I've seen. Bring her on more!
Hyperinflation is here to stay. 🔥
Agreed. Because people who have the power to change profiteering benefit from profiteering/greed.
@@mikepriverguy and when november comes tens of millions of voters still happily go to the polls to re-elect those people
@@Semelem We have only two parties to vote for and they both screw us:)
@@Semelem 💯%!!
But In reality it is the system (and repukes) that doesn't allow for change. I donate mainly to progressives (and select Dems if I have extra money). I vote straight party line 💙 because they are still better than the American Taliban party .
Dump ALL incumbents:
First they came for the elderly, but I did nothing because I was not old. Then they came for the disadvantaged and poor, but I did nothing because I was prosperous. Then they came for the heat and transportation, but I did nothing because I could afford it. Then they came for the food, but I did nothing and was one of the last to starve.
That’s never going to happen in America. No caps on prices. No one will support that. They want free market.
I don't know who she is but I know she is right about a lot of things wake up america go to work don't still hard working people's money
I love how she says “you have to regulate these companies”. 😂 you mean the politicians should vote to regulate the companies that pay the politicians and who’s stock increases are benefiting the politicians? You mean politicians should be selfless and care more about their constituents? 😂 how naive and hilarious.
Because the ones who should be regulating companies are dumber than doorknobs. They'd rather see the collapse of capitalism. They deserve it!
regulation agencies are often independent of elected reps, even if they have power to open or close the agency it's still the regulators doing their job IF and ONLY IF they aren't bought out by the very same people they are supposed to be regulating.
It is not naive or hilarious. These companies were once regulated. Corruption was not as endemic as it is now. Free market capitalism has removed the checks and balances that were once there. We have to acknowledge the disaster removing these common sense rules and regulations has caused and we need to reinstate them. This can be done through people power and a redefinition of our values.
So to regulate corporate america is just greedy politicians? The EPA has no wings as Scott Putritt in charge of the EPA said. This take on regulation come from Fox News? So when right wingers vote against a carbon tax, they are voting against greedy politicians, and for greedy corporate owners profits. It's the politicians at fault for regulation, , not corporate greed at any cost against regulation.................... GOT IT!
I say, let the greed prevail until this monopoly game ends, capitalism goes belly up and we all start getting those UBU checks OR let the USA turn into a 3rd world country where nobody will want to come.
Putins war? This dispute really started in 2014.
The "climate catastrophe" is here. Climate is too big for any government to tackle as we've seen over the last "do nothing" 50 years. I've been saying for years - we need efforts to protect & assist the migration of flora, fauna & populations.
We entered the age of a
Aquarius positive polarity,the collective concious expansions evolution
Those who are holding power age of pisces ,are going for their last grasp
What an excellent thinker.
Great piece!
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beautiful guest. Agree with her on the money manipulation of all kinds. However, I feel "climate change" is a game that the powerful will also slant for exploitation. Would like to know what she is referencing for her opinion on that.
Professor Ghosh is a gem! Her facts & figures are stark & sobering, but her bright warmth and boundless optimism is so hopeful. Please invite her back, to 'splain WTF's goin' ON in our crazy world... thank you, Dr. Jayati! Love from the USA!
You're forgetting the sanctions against both China and Russia that now killed Europes financial dominans and have already started a world wide starvation in less fortunate world and poverty here in EU
An alternate financial system will be created as a result of the sanctions. This will further decrease the standing of west especially Europe. The only ones Europeans can blame for the rest of the world not caring about Europe financial system in the future is European themselves.
The printing of trillion upon trillions of dollars has nothing to do with inflation ?
And we are focus outside this country when we should be preparing for very dry period. They blame everything on Russia which is not the full truth.