Democracy Now! June 6, 2012

June 06, 2012 from Democracy Now! via Creative Commons License BY-NC-ND

Wisconsin Governor Scott Walker has survived a historic recall election more than a year after launching a controversial effort to roll back the bargaining rights of the state's public workers. And Joseph Stiglitz talks about "The Price of Inequality: How Today's Divided Society Endangers Our Future," as well as discussing the Occupy movement and arguing that austerity measures in the US and Europe will only weaken economic recovery. Plus headlines, and more.

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In This Video

Joseph Stiglitz

Joseph Eugene Stiglitz, ForMemRS, FBA is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences and the John Bates Clark Medal. He is a former senior vice president and chief economist of the World Bank,... Explore this topic

Recession

In economics, a recession is a business cycle contraction, a general slowdown in economic activity. Macroeconomic indicators such as GDP, employment, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the u... Explore this topic

European sovereign debt crisis

The European sovereign debt crisis is an ongoing financial crisis that has made it difficult or impossible for some countries in the euro area to repay or re-finance their government debt without the assistance of third parties. In 1992, members of the European Union signed th... Explore this topic

Austerity

In economics, austerity describes policies used by governments to reduce budget deficits during adverse economic conditions. These policies can include spending cuts, tax increases, or a mixture of the two. Austerity policies may be attempts to demonstrate governments' liquidi... Explore this topic

Economy of Spain

The economy of Spain is the twelfth-largest economy in the world, based on nominal GDP comparisons, and the fifth-largest in Europe. It is regarded as the world's 23th most developed country. Until 2008 the economy of Spain had been regarded as one of the most dynamic within t... Explore this topic

Economy of Greece

The economy of Greece is the 32nd or 37th largest in the world at $312 or $309 billion by nominal gross domestic product or purchasing power parity respectively, according to World Bank statistics for the fiscal year 2009–2010. Additionally, Greece is the 15th largest economy ... Explore this topic

Economic inequality

Economic inequality is the differences in the distribution of economic assets and income within or between populations or individuals. The term typically refers to inequality among individuals and groups within a society, but can also refer to inequality among countries. The i... Explore this topic

Occupy movement

The "Occupy" protests are an ongoing series of international protests which began in mid-September 2011 and are primarily against social and economic inequality, corporate greed and influence of corporate money and lobbyists on government. The protests take their name from the... Explore this topic

Spain

Spain, officially the Kingdom of Spain, is a sovereign state and a member of the European Union . It is located on the Iberian Peninsula in southwestern Europe. Its mainland is bordered to the south and east by the Mediterranean Sea except for a small land boundary with Gibral... Explore this topic

Greece

Greece, officially the Hellenic Republic, is a country in Southeast Europe. According to the 2011 census, Greece's population is around 11 million. Athens is the nation's capital and largest city, its urban area also including Piraeus. Greece is strategically located at the cr... Explore this topic

Also See

Wisconsin gubernatorial recall election, 2012

Scott Walker (politician)

Joseph Stiglitz

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