Well-read Red: public austerity & private profits

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Air date: 
Mon, 07/07/2014 - 12:00am
Commentary on public austerity in the age of booming private profits
Well-read Red, Clayton Morgareidge, continues a theme he spoke about a few weeks ago concerning "stagnant capitalism" and connects it to a recent Jacobin article by Richard Seymour. Seymour's article critiques an article in the popular magainze, The Economist, for pandering to what he calls "a very neoliberal way of thinking" when it acknowledges immense private profit/surplus/capital while also lamenting crumbling infrastructure and other responsibilities of the cash-strapped public sector.
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