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Alternative Radio for May 18, 2009
1:02 PM - 2:00 PM
[Program Website]
Today's Highlight: Arun Gupta - Banksta Capitalism (lecture)
"We cannot rebuild this economy on the same pile of sand," declares the president. But it seems that's what going on. Obama's treasury secretary says, "We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to continue to do our best to preserve that." That's the stated policy.
Now no doubt there will be some regulatory changes but loopholes will be found to avoid them. Restoration is the order of the day. The system remains in place. Ultimately, with few exceptions, the high rollers and fat cats are covered. They get their big payday and their "too big to fail" corporations and banks get bailed out. The economic crisis is a moment of great opportunity to address fundamental inequities and inequalities. Where are the imaginative ideas and the movements to push them forward?
Arun Gupta, (A-roon Goop-ta) journalist and activist, was founding editor of The Indypendent newspaper in New York. He's a regular contributor to Alternet and Z. He also appears on Democracy Now, GRIT TV, and Al Jazeera.
Alternative Radio is a weekly one-hour public affairs program offered free to all public radio stations in the U.S., Canada, Europe, South Africa, Australia, and on short-wave on Radio for Peace International.
Established in 1986, AR is dedicated to the founding principles of public broadcasting, which urge that programming serve as "a forum for controversy and debate," be diverse and "provide a voice for groups that may otherwise be unheard." The project is entirely independent, sustained solely by individuals who buy transcripts and tapes of programs.
Its "headquarters" is situated to correspond with its position in the mainstream mass media: down an alley, behind a house, on top of a garage in Boulder, Colorado. From this rarefied location, AR's programs manage to reach over 125 radio stations and millions of listeners. AR is part of the non-profit Institute for Social and Cultural Change.
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