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For Immediate Release
April, 03 2009, 12:30pm EDT
Contact:
Taruna Godric
416-916-5202 ext 432 Â
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Can G20 Avert the Crisis?
Leo Panitch: G20 trying to patch up the 'old world order'
WASHINGTON
Following
the G20 summit yesterday, British Prime Minister Brown made the announcement
that a "new world order is emerging" that will allow the global society
to be more open, fair and sustainable.
However, it sounds more like a plan to try to keep the same
world order that was around in the 80s and 90s according to Leo
Panitch, Canada Research Chair in Comparative Political Economy at York University and the author of American Empire and the Political Economy of International Finance.
"It's impressive that the 19 leading
world states...and the European Union have not fallen apart during this
tremendous crisis and they've come together with an agreement around a
bunch of rhetoric, but also around some measures," said Panitch.
The rhetoric is that the countries
are in this together, which is significant considering that in the
economic struggle of the 30s the capitalist governments all turned on
each other. Since then the same class and state structures exist.
The measures being taken is a provision of $500-billion to
the International Monetary Fund since exorbitant interest rates have
stalled international trade.
"This is not
the kind of thing that's going to get us out of this problem," Panitch
said. "The central problem is that banks aren't lending. And all of the
brew ha ha in the run up to this meeting about whether there was going
to be more regulation for when the banks start lending again, 'cause
right now it's doesn't matter. It's not like they're engaged in
speculation. They aren't speculating. They aren't lending at any level
of risk. And the fiscal stimulus doesn't address that either.The
trouble with the fiscal stimulus is that unless the banks are lending
then the multiplier effect of that fiscal stimulus doesn't kick in.
There's nothing that the G20 is doing that is really addressing that
except ensuring that the bankers don't get more frightened."
Watch the full story on our website:
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"Now it's time for the other side to move... from their extreme positions, because much of what they've already proposed is simply, quite frankly, unacceptable," Biden said of McCarthy (R-Calif.) and the other House Republicans holding the economy hostage.
\u201cMAGA House Republicans are threatening a default that could cost us millions of jobs and trigger a recession.\n\u00a0\nAll because they are demanding deep cuts that will hurt hardworking families \u2013 even while they protect tax breaks for the wealthy and corporations.\n\nI\u2019ve got a plan to\u2026\u201d— President Biden (@President Biden) 1684685203
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The American Prospect executive editor David Dayen suggested in a pair of tweets that rather than inquiring if Biden will invoke the 14th Amendment, journalists should be asking how he plans to respond to an existing lawsuit that involves it.
\u201cA good question from the Gang of 500, instead of "will you invoke the 14th amendment" (which is not how it works) is "you've been served, how will you respond?"\u201d— David Dayen (@David Dayen) 1684678216
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"Progress is in peril."
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\u201cSmallpox \u2013 eradicated.\n\nPolio - on the verge of extinction.\n\nInfant mortality \u2013 down 60% in 30 years.\n\nHuman health has advanced dramatically since the birth of the @WHO, but now progress is in peril.\n\nWe can return to the path of progress but only if the world works together.\u201d— Ant\u00f3nio Guterres (@Ant\u00f3nio Guterres) 1684699200
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\u201cLIVE: Opening of the 76th World Health Assembly with @DrTedros. #WHA76 https://t.co/RwqX5YGr98\u201d— World Health Organization (WHO) (@World Health Organization (WHO)) 1684673003
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'Pay Your Writers': Boston University Crowd Disrupts CEO's Graduation Speech Amid Strike
Writers Guild of America members and local allies picketed outside while the crowd in the stadium booed David Zaslav and made clear to the industry executive that "we don't want you here."
May 21, 2023
As unionized film and television writers across the United States continue to strike, Warner Bros. Discovery president and CEO David Zaslav was met with critical chants both inside and outside of Boston University's Sunday commencement ceremony, during which he spoke and received an honorary degree.
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"Boston University should not give voice to someone who wants to destroy their students' ability to build a career in the film and television industry," Gordon told
The Boston Globe. "The university should expect students, Writers Guild members, as well as other unions and community groups to picket Zaslav's commencement address."
WGA members delivered the promised picket with support from local allies, including members of BU Young Democratic Socialists of America (YDSA) and Boston DSA, who made signs that said: "F*!# Zaslav! Solidarity With the Writers."
\u201cSolidarity with the Writers Guild on strike! Out here with @Boston_DSA and @BU_YDSA comrades picketing Warner Bros. Discovery CEO David Zaslav\u2019s commencement speech at BU.\u201d— Mike Connolly (@Mike Connolly) 1684692373
\u201cAfter getting booed by BU students David Zaslav had to cross the WGA picket line and Scabby the rat on his way out of the VIP exit. Sorry not sorry.\u201d— Annie Stamell (@Annie Stamell) 1684698472
Within Nickerson Field, "boos and expletives rained down" on Zaslav, who graduated from the BU School of Law in 1985.
During his speech, the CEO did not address the ongoing strike, "or the several dozen students who turned their backs to him, and instead shared the strategies that helped him become one of Hollywood's most powerful figures," reportedBU Today.
\u201cWarner Bros. Discovery CEO David Zaslav was met by a huge WGA-DSA picket at BU's commencement today \u2014 with hundreds outside, plus Scabby and a plane, as BU grads turned their backs and drowned him in boos and chants\n\nPay your writers, David, and get the fuck out of Massachusetts\u201d— \ud835\uddea\ud835\uddfc\ud835\uddff\ud835\uddf0\ud835\uddf2\ud835\ude00\ud835\ude01\ud835\uddf2\ud835\uddff \ud835\uddd7\ud835\udde6\ud835\uddd4 \ud83c\udf39 (@\ud835\uddea\ud835\uddfc\ud835\uddff\ud835\uddf0\ud835\uddf2\ud835\ude00\ud835\ude01\ud835\uddf2\ud835\uddff \ud835\uddd7\ud835\udde6\ud835\uddd4 \ud83c\udf39) 1684709485
As The A.V. Club's Sam Barasanti wrote Sunday:
It seems like, for those of us who weren't there, that Zaslav's speech was as stunningly out-of-touch with reality as the decision to host him was in the first place, which speaks to a general contempt he seems to have for... oh, let's say everyone.
This is a man who was put in charge of a massive media empire, and the most notable things he has done with that power are burn money, dismantle one of the most prestigious brands in entertainment, double-dip on promoting J.K. Rowling, kick off the now-common trend of studios deleting content from their streaming services and making it completely inaccessible in some cases, and—how can we forget?—driving the writers who make his shows and movies to go on a strike that may soon lead to similar strikes from the DGA and SAG-AFTRA that would render Hollywood completely motionless.
According toThe Hollywood Reporter, "'We don't want you here,' 'Pay your writers,' and 'Shut up, Zaslav' could be heard emanating from the crowd, messages similar to the prepared chants for the picket, including some created by the school's YDSA chapter members and school students who were inspired by BU hockey chants."
\u201cEnjoy a free serotonin boost every time he\u2019s forced to pause!\u201d— DSA-LA's Hollywood Labor (@DSA-LA's Hollywood Labor) 1684696957
\u201cThe WGA is thankful to all the B.U. graduates for chanting "Pay your writers" at Warner Bros. Discovery CEO David Zaslav while he delivered the #BU2023 commencement address. #WGAStrike\u201d— Writers Guild of America, East (@Writers Guild of America, East) 1684698396
As The Hollywood Reporter detailed:
Students from BU's College of Communications, which houses its film and TV program, as well as the College of Fine Arts and some enrolled in the College of Arts and Sciences, were among those who had expressed interest or were expected to take part in the ceremony protest, according to Vanessa Barlett, a graduating senior who helped lead the student-led writers strike solidarity event inside Nickerson Field.
"I'm in the same college as a bunch of film and TV kids," Barlett, who studied political science and journalism and was among those who created the day's official chants, told The Hollywood Reporter ahead of the event. "I'm friends with a lot of people in the College of Fine Arts, people who are in the theater arts program, so having a sense of solidarity is very important to me."
Some progressive lawmakers also weighed in—including Sen. Bernie Sanders (I-Vt.), who tweeted that "if Warner Bros Discovery can afford to pay its CEO David Zaslav $286 million in compensation over the past two years, it can afford to pay its writers much better wages and benefits. Mr. Zaslav: Listen to the Boston University students and the Writers Guild. Pay your writers."
\u201c\ud83d\udc68\ud83c\udffc\u200d\ud83d\udcbc \u201cYou have to listen to people you disagree with\u201d\n\n\ud83d\udde3\ufe0f \u201cPay your writers!\u201d\n\n\ud83d\udc68\ud83c\udffc\u200d\ud83d\udcbc \u201cNo, not me. Not like that\u201d\u201d— Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez) 1684707030
Striking workers' demands from studios, which include pay increases and limits on artificial intelligence, "would gain writers approximately $429 million per year," according to WGA. "AMPTP's offer is approximately $86 million per year, 48% of which is from the minimums increase."
This article has been updated with tweets from Worcester DSA, Sen. Bernie Sanders, and Rep. Alexandria Ocasio-Cortez.
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