of kent and in new york we cross to dmitri papa dimitrios he is the executive vice president of bard college our focus is crosstalk rosen a fact that means you can jump in anytime you want dmitri if i go to you first the new york can austerity bring back prosperity because we have unemployment is right on the increase particularly in the euro zone and the prospects for employment are pretty bleak how can you have prosperity when there's so much unemployment and people would say austerity creates unemployment because of the loss of jobs in the public sector. well of blindness the. decline in moment or a decline in the economy is not the right medicine clearly prosperity can only come when there is an increase in demand an increase in demand if you doesn't come from the private sector you need to come from the public sector so therefore when one talks about you want to not be as general to suggest it can bring prosperity clearly on an unemployment rate of over eight point three percent as it is in the united states cannot happen by itself on the by the private markets unless the forecast showi

welcome to bard college globalization in this fashion affairs program. and the director of the program. as is customary i should ask you to take a moment to silence itself was before we started. our program was founded by the late james chase commands tonight's event, russia and the communist path, as part of our james clark chase memorial speaker series. co-sponsored by cyan affairs magazine once again find in the back of the room of there. globalization and national affairs program braces from causing universities around the world to man and when they in turn international organizations during the day as serious as national affairs release dollars and practitioners and eating it here you can find out more of the program. tonight it is my pleasure to introduce david seiders speak about his new book. a long time ago and it never happened anyway. russia and the communist past. you can order it at the back of the room. i see people picked them up. this is his third book about russia. age of delirium, the decline and fall the city in. douglas donn, the rise