The Economy in 2min 15s

I can think of no better way to explain almost all of our economic problems in such a short time.

Robert Reich: “The Truth About the Economy” (in 2min 15s)
[Youtube] [Blog]

Rating: You’ve got to see this!

What is left out, though, are all international aspects, i.e. “free trade”, social dumping, tax competition, tax evasion, tax havens etc. Also not covered are all aspects related to the failure of economic theory. (Of course economics failed only in relation to the goals of scientific research, not in relation to the production of ideologic fuel. In the latter respect it is most successful.)