BTS 4/13/09: Wall Street Takeover; The Return of Marx

Listen: Play - Download

Is Capitalism bankrupt? Are the rescue efforts just transferring/laundering money from the taxpayers to the financial fraudsters? We’ll talk to Matt Taibbi, who says the global economic crisis isn't about money - it's about power. He writes that Wall Street insiders are using the bailout to stage a revolution and Obama's top economic adviser (Lawrence Summers) is greedy and highly compromised.

Continuing in our “Sounds like Socialism” series, Bertell Ollman joins us to talk about the return of Marx: Surveys show that confidence in capitalism is slipping and in Germany Marx’s books are flying off the shelves. We’ll ask Bertell, who says difference between the real economy (Main Street) and the finance/virtual economy (Wall Street) is the latter is all about giving (or denying) people permission to use the goods and services that make up the real economy about the crisis of confidence in capitalism and where he thinks it will lead.

Read More for info on tonight's guests:

1. Matt Taibbi is a contributing editor for Rolling Stone Magazine. His latest article there is called “The Big Takeover.” His most recent book is The Great Derangement: A Terrifying True Story of War, Politics, and Religion. He also wrote, with Mark Ames, Sex, Drugs and Libel in the New Russia – based on their fine writing in the ex-Pat The eXile, which they edited.

2. Bertell Ollman is a professor of politics at NYU, and has written and edited over a dozen books, including Alienation: Marx's Conception of Man in Capitalist Society, Social and Sexual Revolution: Essays on Marx and Reich, Dialectical Investigations, How to Take an Exam...and Remake the World, and most recently, Dance of the Dialectic: Steps in Marx's Method.