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Related: About this forumRichard Wolff squashes Bill O'Reilly's economics FAIL
TRANSCRIPT:
AMY GOODMAN: Professor Wolff, before we end, I want to turn back to the crisis in Cyprus and relate it to whats happening here. Bill OReilly of Fox News warned his audience last week that Cyprus and other European countries are facing economic hardships because theyre so-called "nanny states."
BILL OREILLY: Greece, Italy, Spain, Portugal, Ireland, now Cyprus, all broke. And other European nations are close. Why? Because theyre nanny states, and there are not enough workers to support all the entitlements these progressive paradises are handing out.
AMY GOODMAN: Thats Bill OReilly of Fox News. Richard?
RICHARD WOLFF: You know, he gets away with saying things which no undergraduate in the United States with a responsible economic professor could ever get away with. If you want to refer to things as nanny states, then the place you go in Europe is not the southern tierPortugal, Spain and Italy; the place you go are Germany and Scandinavia, because they provide more social services to their people than anybody else. And guess what: Not only are they not in trouble economically, they are the winners of the current situation. The unemployment rate in Germany is now below 5 percent. Ours is pushing between 7 and 8 percent. So, please, get your facts right, Mr. OReilly. The nanny state, you call it, the program of countries like Germany and Scandinavia, who tax their people heavily, by all means, but who provide them with social services that would be the envy of the United Statesa national health program that takes care of you, whether youre employed or not, and gives you proper healthcare. In France, for example, the law says when you go to work, you get five weeks paid vacation. Thats not an option; thats the law. You get support when youre a new parent for your child care and so forth. They provide services. And they are successful in Germany and Scandinavia, much more than we are in the United States and much more than those countries in the south.
So theyre not broken, the south, because theyre nanny states, since the nanny states, par excellence, are doing better than everyone. The actual truth of Mr. OReilly is the opposite of what he says. The more you do nanny state, the better off you are during a crisis and to minimize the cost of the crisis. Thats what the European economic situation actually teaches. Hes just making it up as he goes along to conform to an ideological position that is harder and harder for folks like him to sustain, so he has to reach further and further into fantasy.
joelz
(185 posts)I still don't understand why folks watch American tv news its made up shit and lies
Wonder why Wolff is never invited on Fox?
Shrike47
(6,913 posts)socialindependocrat
(1,372 posts)I wish they would get these guys and women to go in and lecture to Congress
before they spew off their mouths and confuse everybody.
Our congress is a bunch of idiot millionaires (at least half)
DhhD
(4,695 posts)in to agreeing with Austerity, with his other hand?
Thanks for exposing him. And for exposing FOX as a supporter of Downfall.
JDPriestly
(57,936 posts)Balance is the key.
Educating and training your workforce is important.
Protecting workers' rights makes all the difference.
Scandinavia and Germany plus France and Austria are the countries in which people fare the best, have the fairest opportunities and the most social protection. In addition, the governments in those countries invest in infrastructure.
Germany is developing solar energy in spite of its rainy, cold climate.
We need to look to Germany, Austria, Scandinavia and France for ideas about how to do as well as they do. They looked to us after WWII --- and then we changed and now we are moving backwards.
Let's take a good look at their successful economies and copy them.