Gailbraith and Panitch: Is a New "New Deal" Possible? 

Wednesday, 20 March 2013 11:44  
By Paul Jay, The Real News Network | Interview and Video 

James K. Gailbraith and Leo Panitch discuss the 80th anniversary of the election of FDR and the significance of the New Deal.

TRANSCRIPT:

PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Baltimore.
It's been 80 years since the election of Franklin Delano Roosevelt and the New Deal. On the occasion of that, we are doing a series of interviews with various economists, discussing, debating the significance of the New Deal. And in this series we're going to ask the overall question: is a new New Deal possible given today's politics?

Now joining us to discuss this first of all is Professor James K. Galbraith. He's the Lloyd M. Bentsen Chair in Government and Business Relations at the LBJ School of Public Affairs at the University of Texas, Austin. He's the author of the book The Predator State, and more recently Inequality and Instability: A Study of the World Economy Just Before the Great Crisis.