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In 2008, President Obama said the United States was in the midst of “the worst financial crisis since the Great Depression” — according to Thom Hartmann, the worst is yet to come. Hartmann has traced American economic and political cycles, outlining the structural faults that have allowed historical crashes to occur. The decline of the middle class and rise of the wealthy have contributed to the country’s current financial problems. In The Crash of 2016: The Plot to Destroy America–and What We Can Do to Stop It he gives insight into how this recession occurred. Hartmann says while the government is trying to postpone this great crash until after the 2016 elections, “it literally could happen next week.” The way forward, he suggests, lies in economic and political reform, and focusing on moral incentives over profit. Hartmann is the author of 24 books, including The Last Hours of Ancient Sunlight.
Learn more: Hartmann discusses The Crash of 2016.
Presented by: Town Hall and Elliott Bay Book Company, as part of the Civics series. Series supported by The Boeing Company, the RealNetworks Foundation, and the True-Brown Foundation. Series media sponsorship provided by The Stranger and KUOW.