Updates on Bernanke’s new big-bucks finance job, GM avoids billions in victims’ claims for faulty ignitions, Seattle capitalist raises all workers to minimum $70k/yr, Americans’ self-delusion on inequality, private profit trumps public policy, and anti-student-debt activism. Responses to listeners: impact on China if capitalism’s relocation stopped. Major discussions of economics of wages and prices, narrowness of economics education, and basic global economic development issue.
Economic Update – 03.29.15
Updates on Trans-Pacific Partnership secrets, the Heinz-Kraft merger, the overly costly, underperforming US medical care system, fines for Graco selling faulty child car-seats, China’s real-estate bubble, and estate tax repeal by Republican House. Response to listener on property: private versus public. Major discussion of how system change happened in the past and and how in capitalism today.
Economic Update – Economic Decline and Growing Resistance – 03.08.15
Updates on taxis vs Uber vs driver coops, an apology on Detroit, International Womens Day, and cutting workers’ compensation. Response to listeners on the economics of debts, past and present. Major discussions of (1) resisting economic decline: Minnesota governor, Emma Thompson and Pope Francis, (2) Wisconsin governor presides over economic decline, and (3) extremes of economic inequality. Download this …