| On Reality Asserts Itself, Mr. Flassbeck says the stock market bubble can burst at any moment because everybody knows there is no real growth behind it; then we are really in trouble as the whole effect of stabilization will disappear in one moment. Please donate at https://theanalysis.news/donate/ - we can't do this without you. This is an episode of Reality Asserts Itself, produced July 31, 2014. For more of Paul Jay’s work please visit https://theanalysis.news or https://www.youtube.com/channel/UCK9mnNI21amciNFOEqjK4og To continue watching this episode here is a link to the playlist: https://www.youtube.com/playlist?list=PLn9zdVGAnYo0zL613_i-o48jlie_PfXNT |
Heiner Flassbeck (born 12 December 1950) is a German economist and public intellectual. From 1998 to 1999 he was a State Secretary in the German Federal Ministry of Finance (German: Bundesministerium der Finanzen) where he also advised former finance minister Oskar Lafontaine on a reform of the European Monetary System. He became the Chief of Macroeconomics and Development of the United Nations Conference on Trade and Development (UNCTAD) in Geneva in January 2003, a position that he held until resigning at the end of 2012 due to his age.
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