Here I am, debating the right again—this time two of them: another Schiff and “investor” Jim Rogers, who somehow gets all the headline credit. Lots of shouting and crosstalk, in line with the show’s name. CrossTalk: Socialism for the Rich (ft. Jim Rogers).
Posted by: Doug Henwood | November 29, 2010
Me on Russia Today TV
Posted in announcement, self-promotion | Tags: debate, right-wing, Russia Today
Responses
Leave a Reply
Categories
- announcement
- autobiography
- begging
- clarification
- conference talk
- debt
- education
- fact-check
- gloating
- gratitude
- Interview
- job market
- links
- Obamacare
- obit
- observation
- oldie
- other articles
- photojournalism
- pictures
- polemic
- poll
- proposal
- query
- questions
- radio
- radio commentaries
- report
- research roundup
- self-promotion
- Uncategorized
- unions
- update
- video
And the “right” were quite clear right.
By: UK Chris on November 29, 2010
at 2:10 pm
Schiff is a press flack who works for his brother and he still can’t come up with halfway decent lies?
By: Ethan Callender on November 29, 2010
at 5:09 pm
And BTW, where does this 50% of Americans don’t pay income tax nonsense come from? No one EVER cites the source for that. Two years ago, conservatives were claiming a nice round figure of 40%. Now it’s 50%?
Chris Rock once said “You know what’s fucked-up about taxes? You don’t even pay taxes. They take tax. You get your check, money gone.”
By: Ethan Callender on November 29, 2010
at 6:55 pm
Hi Doug,
Much of your observations in regards to income disparity, financialization and poverty are spot on. However, I believe you take your views too seriously and skeptical in regards to your own views. You end up looking like a fool putting quotes around the word investor when describing Jim Rogers and disparaging the right. Right and Left isn’t the whole story even though you wish it was.
Why should a person look to you over someone like Rogers, a world traveler, successful businessman and author?
Read Nassim Taleb’s the Black Swan and then look yourself in the mirror before you go on TV again blubbering about the ‘right,’ zero interest rate policy, and endless stimulus.
By: Mike Hailey on November 29, 2010
at 8:51 pm
“Investor” is a ridiculous job description. Someone like Rogers makes no contribution to society, but he holds forth with great authority about topics on which he knows next to nothing.
Though I gotta say, “world traveler” is an even more ridiculous job description.
As for telling me to read Taleb, you know, I’ve written a few books on finance & economics myself. Maybe you could check one out, whoever the hell you are.
By: Doug Henwood on November 29, 2010
at 9:00 pm
Jim Rogers is not an investor, he’s a speculator.
In a capitalist society investors sere a useful purpose. They start and build companies, and finance economic production. Silicon Valley VCs would be an example of this. Speculators simply buy assets that they think will be worth more later. For the most part this has no economic worth whatsoever, and at its worst it can be very damaging by increasing volatility.
Its one of the more annoying bits of contemporary Newspeak, that we talk about people investing in the stock market. Its not investment, it doesn’t finance anything directly.
By: Cian on November 30, 2010
at 5:13 am
I gotta question the sense of adhering to “CrossTalk rules” when there’s a transmission delay. It gets comical at times.
By: Ethan Callender on November 30, 2010
at 12:12 pm
Oh that was painful to watch. Perhaps Rogers should read your 2005 text to learn a thing or two about how to nurse a hangover.
By: Robert Kirsch on November 30, 2010
at 4:07 pm
Which 2005 text is that?
By: Doug Henwood on November 30, 2010
at 6:41 pm
—In a capitalist society investors sere a useful purpose. They start and build companies, and finance economic production. Silicon Valley VCs would be an example of this. Speculators simply buy assets that they think will be worth more later.—
You can’t separate speculation from capitalism. As the Europeans are finding out.
By: purple on December 1, 2010
at 12:00 am
You can’t separate speculation from capitalism. As the Europeans are finding out.
Quite possibly but speculators are not investors. And speculators used to be a lot less significant than they are now.
By: Cian on December 1, 2010
at 5:09 pm
Just wanted to clarify in case you’re worried about phantom pubs – I have the 2005 paperback to After The New Economy with the afterword.
By: Robert Kirsch on December 1, 2010
at 9:12 pm
Ghastly – the moralising… oh, the moralising.
I liked the non-sequiters though.
Schiff: We had sustained growth in the 19th century…
Henwood: But you also had horrible conditions for anyone who wasn’t a creditor…
Schiff: Eh… we invented the middle-class…
Me: Yes, Mr. Schiff – that was called the New Deal…
By: pilkingtonphil on December 8, 2010
at 7:01 pm