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Dialogue 12/01/2012 Is capitalism in crisis?

12-02-2012 05:46 BJT

The debt crisis of Euro Zone and the faltering US economy are seriously rocking the boat of western capitalism. High unemployment and low confidence started to undermine the credit rating of those conservative and liberal governments in the west. The rise of far-right movement in Europe also deters the tidal waves of immigration from developing countries to industrial nations where democratic changes and the old welfare program are weakening the competitiveness of the economies. Is western capitalism in crisis? Can eastern diversity and dynamics replace the floor of western capitalism and dominance?

Host: Yang Rui

Yang Rui

Studio Guest:

Prof. Michel Chossudovsky, University of Ottawa


Editor:James |Source:

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