Watch part two
Two years after the bubbles of the world's financial fantasy have burst with spectacular effect, millions have lost their homes, millions more have lost their jobs, and economies around the world continue to stumble.
STUDIO GUESTSProfessor Joseph StiglitzNobel prize-winning economistTariq AliEditor of the New Left ReviewAnn PettiforFellow of the New Economics FoundationDr Ruth LeaEconomic advisor for Arbuthnot Banking GroupINTERVIEWEESDavid RothkopfAuthor of Superclass: How the rich ruined our worldDr Christopher DavidsonAuthor of Dubai: The vulnerability of successJoanna TatchellAuthor of A Diamond in the Desert: Behind the scenes in the world's richest cityJim KraneAuthor of City of Gold: Dubai and the dream of Capitalism
The West's masters of the universe had promised global prosperity, persuading much of the world to worship before the three gods of modern capitalism: privatisation; de-regulation; and global economic 'liberalisation'.But as their economic trinity unravelled, turning market fantasies into public nightmares, those same individuals and institutions responsible for the mess were called in to clean it, and pave the way for a better future.
In the process, the banks that benefited mostly from crony capitalism and got us into this mess continue to reward themselves handsomely, as tax payers pick up the tab.Empire asks: What does the future hold for crony capitalism? And what are the alternatives to neo-liberal globalisation?This episode of Empire aired from Wednesday, March 3, 2010.
Content on this website is for general information purposes only.
Your comments are provided by your own free will and you take sole responsibility for any direct or indirect
liability. You hereby provide us with an irrevocable, unlimited, and global license for no consideration to
use, reuse, delete or publish comments, in accordance with Community
Rules & Guidelines and Terms and