Bill Moyers and James Galbraith: Our Free Market Makes Economic Collapse Inevitable

By Bill Moyers, Bill Moyers Journal
Posted on November 2, 2009, Printed on November 2, 2009
http://www.alternet.org/story/143649/

Editor's note: In the following segment of Bill Moyers' Journal, Moyers interviews economist James K. Galbraith about the tragic impact of the recession on ordinary people and steps we must take to avoid future meltdowns.

BILL MOYERS: Americans are mad at bankers. Just Google the three words "I hate banks," and see what comes up. But nowhere has the anger been more palpable than outside the annual convention of the American Bankers Association in Chicago this week.

FOOTAGE OF PROTESTERS: We're fired up, can't take no more! We're fired up, can't take no more!

BILL MOYERS: These demonstrators wanted to know why regular folks are facing foreclosures, rising credit card and checking fees, while bankers are laughing all the way-- well, all the way to the bank.