Reining in Finance and the Struggle Over UN Agency's Mandate
![]() | The labor market is not self-regulating; governments must support worker's fight for higher wages | |
| Pt 2. Heiner Flassbeck [Director of the Division on Globalization and
Development Strategies of the United
Nations Conference on Trade and Development]: Governments must
intervene with policy that pushes
wages up in line with productivity or global recession will deepen | ||
![]() | Low wages and high unemployment are paralyzing the global economy | |
| Heiner Flassbeck [Director of the Division on Globalization and Development Strategies of the United Nations Conference on Trade and Development]: The drive to be more "competitive" is pushing the world economy into deep recession; the best that quantitative easing can do is create another bubble | ||
![]() | The Struggle Over UNCTAD (and Why It Matters) | |
| Vijay Prashad: Southern countries defend mandate as the "North" pushes a "global supply chain" that
could obliterate smaller countries | ||
![]() | Reining in Finance and the Struggle Over UN Agency's Mandate | |
| Vijay Prashad: Developed countries fight to stop UNCTAD linking financial speculation to food insecurity | ||
![]() | On the Brink: Fiscal Austerity Threatens a Global Recession | |
| Dr. Heiner Flassbeck, Director, Division on Globalization and Development Strategies, UNCTAD: European austerity policies past the point of no return, driving global economy towards deep and lengthy recession | ||
![]() | The War on Wages | |
| Dr. Heiner Flassbeck: If wages don't rise and the "pathological" power of finance is not pushed back, we will face a deep depression | ||
![]() | Eurocrisis: "Democracy is Not a Given" | |
| Dr. Heiner Flassbeck (Director, Division on Globalization and Development Strategies, UNCTAD): German policy of low wages and beggar thy neighbor is root of euro crisis | ||
![]() | Class War: Low Wages and Beggar Thy Neighbor | |
| Dr. Heiner Flassbeck: The words "class war" maybe unfashionable, but it is still a battle between labor
and capital | ||