Capitalism Has Never Been This Irrational – Paul Jay (pt 3/3)

May 03, 2023

Talia Baroncelli interviews Paul Jay; “The financial elites know how dangerous the climate crisis is, but they won't acknowledge the only solution is central planning, government regulation, and intervention. They know market mechanisms won't work within a time frame that matters, if at all. They're not against central planning. What is the Pentagon if not central planning? What is the Fed and bank bailouts if not central planning? Central planning in their interests and under their control is okay. But government planning that transforms the economy and phases out fossil fuel, is unacceptable. They hate any form of socialism more than they hate risking the end of civilization.”