Doug Henwood of Left Business Observer also has a regular radio show Behind the News on WBAI, New York, covering economics and politics which is always worth checking out. The podcasts are archived on the LBO site, but ILR readers might be particularly interested in the latest one, from the 23rd of October, which includes a good discussion on the situation in Ireland with Michael Taft of Notes on the Front.
Michael talks to Doug about the source of our ‘boom’ economy from the early 90s until 2000, the structural weakensses of the Irish economy historically, it’s reliance on FDI’s with very few ‘linkbacks’ into the real economy, the over-reliance on property and the inability to develop indiginous industry or a genuine enterprise culture even when one of the most obvious resources of the country – food production – was crying out for development.
There is also discussion of our ‘second wave’ of austerity, required because of the implementing of the first, the repercussions of the Tory cuts in the UK on the Irish economy and the moves in the EU to resolve the crisis and the unwillingness to protect peripheral nations.
This episode also includes an excellent perspective from Yanis Varoufakis, a Professor of Economics at the University of Athens on the Greek and broader Eurozone crisis.
Well worth listening to, either in the player below or by downloading it from Behind the News.
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