Which Way Will American Capitalism Turn?
Friday, November 28th, 2008Left, Right and Center
from KCRW
Left, Right and Center is a weekly half-hour radio broadcast and podcast produced by KCRW in Santa Monica.
The four panelists talk about the current economic situation from the point of view that capitalism has gone through a rough period. The panelists talk about how American Capitalism will adapt or change.
Bob Scheer brings up the Marxist point of view, while Tony Blankley quotes Lord Byron and decries the European socialist view. Arianna Huffington brings up Adam Smith and the greed of capitalism and government. Matt Miller reminds us of the many excesses that have led to various bubbles recently. Schlessinger’s “The Age of Jackson” is mentioned, and Arianna talks about President Obama’s call to service. Matt talks about the need to save capitalism so that it can work in this new century. The panel then talks about the security aspect of our economy and the fact that a person without health care coverage might to bankrupt if they become ill. Matt contends that the social contract should not allow that to happen.
The discussion is very interesting and Matt points out that the debate is “so eternal.” Be sure to listen to this lively debate.
The participants on the show are Robert Scheer who represents the left, Tony Blankley who represents the right, and Matt Miller, the moderator, who represents the center, and Arianna Huffington, who represents the progressive blogosphere.
At the end of this entertaining show the participants each have a 30 second rant to summarize the issue that each sees as most significant.
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