Naomi Klein and Amy Goodman grill the former FED chairman, this is unprecedented (ie Greenspan having to answer real questions from people who know what to ask), very funny at times:
NAOMI KLEIN: Well, you mentioned Latin America, and, of course, there is a rise in leftwing political parties and movements in Latin America. But this is after decades of adherence to IMF structural adjustment policies, and it's precisely because those policies failed to lift people out of poverty in countries like Bolivia that you have this rise of what you're calling economic populism. It's because trickle-down economics was seen to have failed. But you also mentioned economic populism in Latin America in your book, and you blame it for inflation episodes and the collapse of regimes and the toppling of governments, and one of your examples was Chile in the 1970s. Was Chile -- was Salvador Allende's regime toppled because of inflation, or didn't the CIA have something to do with that?
ALAN GREENSPAN: Well, look, let's -- I'm using Latin America as an example. The key question is not Latin America. Let's get back to the United States. Let's get back to the world at large and face the issue of populism here. Remember, the populist issue in Latin America goes back to the roots of Spanish and Portuguese colonization.
NAOMI KLEIN: I'm aware of that, Mr. Greenspan, but there are many developmentalist policies that were trying to address those colonial disparities. They were called it import substitutions. And those leaders were systematically eliminated in a series of coups.Tags: Alan Greenspan Amy Goodman Naomi Klein iraq missing billions FED libertarian republican |
