Posted by: Doug Henwood | August 29, 2010

The Real News, part 3

The third part of The Real News interview with me is up: WAGES AND THE CRISIS.

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Responses

  1. geez. FINALLY some doug henwood up on youtube!

  2. hey Doug,

    A friend of mine criticized your interview as follows…

    “he talks about corporation not wanting to invest, but doesn’t say much more about that. But there is a fundamental reason for that: i.e. overcapacity. There is a 30% overcapacity. There is no reason to invest. You add that with declining demand, the banks of course has trouble to lend money as most businesses are not expanding.”

    What do you make of this criticism?

  3. Doug,
    Can you provide a title or link to the Robert Gordon piece you reference? I’m having trouble finding it on-line.

    Thanks.

  4. The Gordon paper is http://faculty-web.at.northwestern.edu/economics/gordon/w15834_future%20productivity_100301.pdf.

    Overcapacity relative to what? To weak demand.


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