This week I am delighted to welcome back to the show Michael Roberts, author of the ‘Next Recession’ blog. We talk about the new reports out on the world economy from the IMF and the Bank of International Settlements, and how Ben Bernanke has come out as a closet Marxist after all these years. We also discuss the recent debate between David Harvey on one side, and Michael and Andrew Kliman on the other, about the relevance / reality of the law of the tendential fall in the rate of profit, and the politics behind it all.

You can find Michael's most prolific Blog here:

https://thenextrecession.wordpress.com/

The music on this show was:

‘The Order of the Pharaonic Jesters’ by Sun Ra and his Arkestra
‘Missing You’ by John Waite
‘The Drug Song’ by Amateur Transplants
‘Green Onions’ by Booker T and the M G's