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James K. Galbraith: How to Stop the Path of Economic and Social Destruction

The verdict is in: austerity economics is a global loser.

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If we can do these things, then perhaps we can begin to face together, on a European basis, on a transatlantic basis, on the basis of our joint values and objectives, the very large and challenging problems that we will continue to face once we have turned a corner, changed our ideas, changed our policies, and have brought this crisis, finally, and long last, to an end.

*This speech has been edited and condensed for clarity.