Updates on no growth in US, China overtakes US, costs of GM bailout, defeat of bill to raise minimum wage while Hawaii raises its minimum. Major discussions of Pfizer decision to relocate to UK, European Court supports Tobin (financial transactions) Tax and the stunning economics of prisons and jails in the US.
Updates on Alabama prison/slave labor, automobile irrationalities, and the California drought. Major discussions of: cutting public employee pensions, cutting state support for public higher education, and lotteries as disguised taxes on middle and poor Americans. Responses to listener questions on the Federal Reserve "creating" money and why corporations operate overseas and then want government (taxpayers') support for corporations' foreign operations.
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Updates on public power in Nebraska, Earth Day, Coca Cola's misleading advertisement, closing hospitals. Interview on culture and economic crisis with musician and music professor John Halle. Responses to listener questions on B- corporations and on a Wall Street Sales Tax.
This article originally appeared at www.truth-out.org
The organized post-1945 destruction of the New Deal coalition - unionists, socialists and communists - and the failure to replace those organizations help explain the muted reaction to the bailouts, austerity and other anti-democratic policies pursued by US governments at all levels.
May Day 2912 protests in Chicago. (Photo: get directly down / flickr)