Updates on Citibank calls "Recession" for 2016, Robert Gordon's new book
"Rise and Fall of American growth, college students to Europe for free
educations, drug and food companies profit at public's expense,
economics of presidential candidates, pension struggles heat up, and why
China's slowdown due to US/Euro/Japan economies. Major discussions of
(1) US unemployment and (why profit motive yields economic decisions so
often good for profits but bad for society.
Updates on Bloomberg's money, negative interest rates, the oil market,
Puerto Rico's cruel sales tax, Fed Reserve governor supports breaking up
banks 'too big to fail,' and Apple borrows despite its huge cash hoard.
Response to listeners: converting capitalist into worker coop type
enterprises. Major discussion: three alternative responses to the huge
problems of capitalism today.
Updates on China achieves economic superpower status, profit produces
drug scarcities, Ireland's unjust austerity, millionaire tax in
Massachusetts. Major discussions of self-destructive cut-backs in public
higher education and the chaos of the monetary system (banks, Fed
Updates on the economic significance of Sanders' Iowa vote, Keynes on risks of revolution against capitalism, costs of oil market collapse. Interview with author Pete Dolack on lessons for today of past experiments in socialism.