A Very Dark Chapter of Globalization (TRNN-Interview part 3)
PAUL JAY, SENIOR EDITOR, TRNN: Welcome back to The Real News Network. I’m Paul Jay. And we’re continuing our series of interviews with Heiner Flassbeck, who now joins us from his home in Germany.
Heiner was the director of the division on globalization and development strategies at the UN known as UNCTAD, and he’s co-author of the new book Against the Troika: Crisis and Austerity in the Euro Zone, which he wrote with Costas Lapavitsas, who’s now a new member of Parliament in Greece.
Thanks for joining us again.
HEINER FLASSBECK, COAUTHOR, AGAINST THE TROIKA: Things for having me again.
JAY: So, in President Obama’s recent state of the union, it really struck me the way he’s sort of bragging about how the U.S. economy’s adding jobs while Europe’s not, and essentially that we’re all right, Jack. And he seemed happy with that. Europe’s sinking into recession. Japan’s in recession. He’s more or less bragged about the destruction of the Russian economy. [...]