Economist and author of The End of Normal, James K Galbraith explains how our conception of normal economic growth was formed, how growth began to start favoring the wealthy over the working and middle classes, what led to the 2008 economic crisis, financialization and the culture of criminality, the problems with economic forecasting, why 2000 was a turning point, how the Bush Administration tried to keep the economy running, the problem with the term “Great Recession” the four horseman” of low growth, technology replacing labor and why a robust social safety net is the best response to the “End of Normal”…

This clip from the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM

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