The Market/State Pendulum - John Cassidy

John Cassidy, writer from the New Yorker Magazine, says that because of the recent recession, the economic rise of China and India, and issues like climate change, the role of the state in capitalist societies is being reevaluated. He says that the idea of state intervention is more flexible than it has been, even ten or 15 years ago. Interviewed by Peter Leyden at King's College, April 2010.