The third part of The Real News interview with me is up: WAGES AND THE CRISIS.
Posted by: Doug Henwood | August 29, 2010
The Real News, part 3
Posted in announcement, self-promotion
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geez. FINALLY some doug henwood up on youtube!
By: andrew on September 2, 2010
at 1:11 am
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?
By: Bernard Leask on September 4, 2010
at 7:21 pm
Doug,
Can you provide a title or link to the Robert Gordon piece you reference? I’m having trouble finding it on-line.
Thanks.
By: ASB on September 15, 2010
at 8:45 am
The Gordon paper is http://faculty-web.at.northwestern.edu/economics/gordon/w15834_future%20productivity_100301.pdf.
Overcapacity relative to what? To weak demand.
By: Doug Henwood on September 15, 2010
at 8:55 am