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Despite the rosy economic outlook perpetuated in most mainstream media because of slowing dropping unemployment rates and stock rallies, USA Today quotes three economists today, who are predicting on-going “economic devastation.” The economists are worried about the global debt bubble. Harry Dent, author of “The Great Crash Ahead,” says “a shift toward debt reduction and austerity around the world will cause the economy to suffer another severe leg down, making it more difficult for the government and Federal Reserve to avert a new meltdown.”

Progressive economists have long warned against the persistent efforts to reduce government debts by cutting social programs as a way out of the recession. Today, we turn to one such voice, commenting on the broad political and historical context of our current economic climate: Noam Chomsky, MIT professor of Linguistics and a critic of American domestic and foreign policy. His wide-ranging criticisms have made him an enemy of the powerful, and a beloved intellectual for generations of progressives. He has written over 100 books, and is one of the most cited living sources in the world.

Currently in his eighties, he continues to travel extensively, lecture widely, and write prolifically. Noam Chomsky spoke just a few weeks ago at the University of Maryland at an event that was filmed and whose recording was generously made available to KPFK by the Real News Network.

The Real News is a non-profit viewer funded daily video news and documentary service that, like KPFK, does not sell advertising or accept government or corporate funding. Find out more about them at RealNews.com.

Thank you Gifts:

Noam Chomsky on Crisis and Hope – DVD – $75

Howard Gardner interviews Noam Chomsky – DVD – $100

Noam Chomsky 2 DVD pack – $150

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