Updates on Olympics, Chicago university faculty strike, Chevron's contempt, Gallup poll on unemployment, rising consumer debt again, Europeans oppose privatization of water, and US adults marry less to cope with economy. Major discussions: how Soviet socialism actually worked and decline and inadequacy of pensions in US. Response to listeners on deflation in today's world economy.
Updates on polls showing most Americans want less inequality, why Tea Party types fixate on government debt, and why French and other far right parties gain support. Major discussion on US business recognizing death of middle class, the contradictions of Germany's position within Europe's economic crisis, and Part 1 of analysis of what USSR was. Response to listeners on why official unemployment targets are 4-6.5 % rather than feasible and better 0-0.5 %
Updates on economic democracy from Jackson, MS to Marseilles, France; credit card scandals; phony labels for chicken; and overcharging inmates for calls. Major discussions of re-municipalization of water and electric utilities; post office banking; and new book on capitalism's inequalities. Response to audience questions on TPP, corp tax breaks and minimum wage.
Updates on North Carolina company sold to its 320 workers, India enables cheap substitutes for overpriced drugs, US union membership in 2013, and the myth of returning manufacturing to the US. Interview with Max Wolff dissecting the US economic "recovery." Response to questions on states' subsidizing movies, JP Morgan-Chase's CEO Dimon's $20 million pay for 2013, and Americans' attitudes on inequality.