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The Economy - Mr. Galbraith
Otto Krittic sez....Here's clarification and an update on a recent post of mine. It's a snippet of the interview with Mr. Galbraith that took place on the TV show called Bill Moyers Journal on PBS. Mr Galbraith was comparing conditions today to other economic meltdowns of the past. I sure hope things take the constructive route!!
BILL MOYERS: So you can understand that anger on the streets, outside the American Bankers Association's meeting in Chicago this week.
JAMES GALBRAITH: Of course. It's entirely justified.
BILL MOYERS: Where do you think that anger might go? It could go either direction.
JAMES GALBRAITH: Well, of course. I mean, that's the great danger, is that if there is not a constructive program that people can identify with, there will be a destructive program that they will identify with. And it will come along quite soon. And what form it will take, and it's anybody's guess, but the result will be, very well could be disastrous.
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