This episode is a history of free market policies implemented around the world for the last fifty years. The Basics Corporatist system: Its main characteristics are huge transfers of public wealth to private hands, often accompanied by exploding debt, an ever-widening chasm between the dazzling rich and the disposable poor and an aggressive nationalism that justifies bottomless spending on security. Chicago School Theory -advanced by Milton Friedman: The starting premise is that the free market is a perfect scientific system, on in which individuals, acting on their own self-interested desires, create the maximum benefits for all. It follows ineluctably that if something is wrong within a free-market economy- high inflation or soaring unemployment- it has to because the market is not...
Iran sanctions are signed into law, a gas pipeline gets fast tracked through a NYC park, the Buffett Rule is (sort of) passed, a "War on Coal" is not really waged, and more from this week in Congress... HR 1905: Iran Sanctions *Signed into law* Sanctions = Shut down trade in and out of Iran. People can’t get what they need, they get mad at their government, the government needs to do what we want them to do in order to make the sanctions go away and get their people to back off. What do we want them to do? Stop developing nuclear weapons (if they actually are – hasn’t been proven). Stop human rights abuses. Open their oil industry to the “free market” Exxon Mobil, BP and others were welcomed into Iraq after we took over the country History of Iran Pre 1951- Iran’s oil was owned by the...
Congress returns from vacation, Dennis Cardoza (CA-18) resigns, President Obama continues the 9/11 State of Emergency, FISA is reauthorized, veterans benefits are held hostage, mining companies get a gift from Congress, solar power is attacked, and more from this week in Congress... Executive Producer: William Monroe Dennis Cardoza (CA-18) Resigns Why he said he was resigning: "In light of the fact that nothing is going to happen for the rest of the year, and in light of the fact that (my wife) and I are facing increasing parenting challenges, this seemed the right time to make this move," Cardoza said in an interview published Tuesday by the Sacramento Bee's Capitol Alert (8/14/2012) The real reason he resigned: “Manatt, Phelps & Phillips, LLP, today announced that U.S....
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