Economic Update- Unions and Strikes are the People’s Power

This week's show brings updates on unionization of Stanford University grad student workers, UPS's 350,000 workers vote and prepare for strike, 2.5 million public employees in Germany strike and win big wage gains, LA sees biggest hotel workers strike in 50 years, win big wage gains at LA's biggest hotel. Major discussion of markets' failures using 2 examples: (1) FDR replacing markets with government rationing in World War 2, and (2) using the market to distribute housing causes gentrification and homelessness. Short concluding discussion of the reform vs revolution debate.