Global Reason for Local Means

On May 6, 2008,Amy Goodman and Democracy Now aired this interview with Kevin Phillips, former GOP analyst and now critic of political leadership, or lack of, leading to our current global financial crisis.
Link to Democracy Now >
His recent book, Bad Money, analyzes the convergence of several forces surrounding the US oil-based economy: namely climate change, the expansion of US financial market commodities and the rise of Asian and Middle East influence in the once-dominant US currency — the dollar.
His conclusions are clear-eyed and provide a necessary foundation for the analysis of the current financial, energy, global market and political debates around the shrinking influence of the commonly-held United States story. In short, Phillips states unequivocally: the US is losing it's once-dominant super power status, and the fallout will be significant.
This is published now to provide a backdrop to the counter-movement toward less dependence on the global-growth syndrome, the oil-energy economy and the move toward more sustainable, local-economies generating practical solutions to local self-reliance.

More video resources: Kevin Phillips and the Crisis of American Capitalism