The American Empire in a Changing World


Thursday, December 6, 2012

''Economic and Political Lessons from 1775, a Good Time for Revolution w/Kevin Phillips''

From''Welcome to Capital Account. When Timothy Geithner was asked if the administration is prepared to go over the Fiscal Cliff if Republicans do not agree to raise taxes on the wealthy (those earning 250,000 dollars per year or more), he responded "Absolutely." But when it comes to the US economic problems, does the tax debate or the Fiscal Cliff debate begin to scratch the surface of the crisis? We talk to Former Republican strategist Kevin Phillips, about lessons we can learn from 1775, the subject of his latest book.''

Kevin Phillips - 'Bad Money: the Global Crisis of American Capitalism'

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