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Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

(2011/06/05) No war but class war (Economics)

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

Jay Tomlinson

Politics, News, News Commentary

4.53.4K Ratings

🗓️ 5 June 2011

⏱️ 75 minutes

🧾️ Download transcript

Summary

Edition #494

No war but class war

Check out Stitcher Smart Radio and use the promo code "BEST"

Visit www.Stitcher.com/BEST

Act 1: Is Wall Street Set Up To Reward Evil - Lee Camp

Song 1: Wonderful world - Sam Cooke

Act 2: William Cohan Extended Interview Pt. 1 - Daily Show

Song 2: Octopus's Garden - The Beatles

Act 3: Bush and Obama's Failure to Extract Mortgage Relief from Bankers Continues to Dampen Economy - The Progressive

Song 3: Suffer - The Echoing Green

Act 4: William Cohan Extended Interview Pt. 2 - Daily Show

Song 4: Protest Song - Southpaw Jones

Act 5: Record Profits - Where Are The Jobs - Young Turks

Song 5: Class Warfare - Chris Priest

Act 6: Governor Walker tries to create jobs Part 1 - This American Life

Song 6: Say Hey (I Love You) [feat. Cherine Anderson] - Michael Franti & Spearhead

Act 7: Rich First-Grader Buys Whole Sheet Of Gold Stars - The Onion

Song 7: Can't buy me love - The Beatles

Act 8: Governor Walker tries to create jobs Part 2 - This American Life

Song 8: Solitary - VNV Nation

Act 9: Boehner BS Debunked By Cenk - Young Turks

Song 9: Honesty - Billy Joel

Act 10: Three wrongs don't make big oil right - Jim Hightower

Song 10: Bulletproof - La Roux

Act 11: Hedge Funds Make More In An Hour Than You Make In A Half Century - Lee Camp

Song 11: Radioactive - Vitamin String Quartet

Act 12: Shocking Graph U.S. Income Inequality - Young Turks

Voicemails:

Response to Dominick being right on climate urgency - Dave from Olympia, WA

Thank you for Johann Hari clip on world food supply - John from San Francisco

Voicemail Music:

Loud Pipes - Ratatat

Final comments promoting the Johann Hari podcast

Bonus Voicemail:

Reaction to Citizen Radio - Daryl from CA

Bonus iPhone/iPod Touch App Content:

Debt To America - Daily Show

Produced by:

Jay! Tomlinson

Thanks for listening!

Visit us at BestOfTheLeft.com

Check out the BotL iOS/Android App in the App Stores!

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Contact me directly at Jay@BestOfTheLeft.com

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Transcript

Click on a timestamp to play from that location

0:00.0

This program is brought to you by Stitcher Smart Radio. Download their free mobile app and use the promo code

0:05.1

BEST during activation for a chance to win $100. Now welcome to the award-winning Best of a Left Podcast with clips today from

0:12.2

comedian Lee Camp, The Daily Show, The Progressive, The Young Turks, This American Life, The Onion Radio News, and Jim

0:18.8

HiTower with a bonus video clip for our Apple iOS and Android app users from The Daily Show. And be aware that the first clip of the day has a couple of swear words.

0:30.0

You might have heard of the yes, man. They do social activism pranks on corporations. For example, last week they announced the General Electric, which uses loopholes to avoid taxes, was going to give back the $3.2 billion in refunds it got from the government.

0:45.2

Or another time they told the media that Dow Chemical would finally be paying the victims of a massive chemical spill millions of dollars in restitution.

0:54.3

Or another time they announced that Director Michael Bay would be giving us all two hours of our lives back.

1:00.3

So after these hoaxes, the corporations have to come out and go, oh, actually that good thing you heard about? Yeah, we're totally not doing that. No, not at all.

1:13.0

Now here's the interesting part. During the half hour when everyone thinks the hoax is true, the company stock tumbles like crazy.

1:21.4

GE lost billions, Dow lost billions. This means we've created a system where companies get massively punished for doing good things for humanity.

1:31.6

Our financial market actively rewards being a giant kind. Like a radioactive ancaltor who's grown to Godzilla proportions.

1:41.2

Does that not freak anyone out? So if a corporation announces it will hostily take over a 50-year-old locally owned company and fire all the employees,

1:52.3

it's given the financial equivalent of a high five and a reach around. If on the other hand it announces it will give free AIDS medication to the dying people of Ghana,

2:02.3

then Wall Street knocks it unconscious and draws the word queer on its forehead.

2:08.4

Here's the thing, if Wall Street weren't around yet, would you create it to be this way?

2:14.5

Would you say, let's make a financial system where in companies are rewarded for being piping hot douche holes,

2:21.6

and if one of them does something good for humanity, we'll treat that with suspicion.

2:26.8

You announced you're going to pay the victims of a horrific oil spill. Jesus, fuck, what are you, Sean Penn?

2:32.8

You're a multinational. You can't go around caring about people. Could you imagine if every company did that,

2:39.7

the whole system would break down. People would have food and clean water. There'd be fewer wars, death, and hardship.

2:46.5

What kind of world would that be? Not what I want my trust fund babies to grow up in.

3:02.8

I'm a dream. Well, no much about how's your growth. No, no, but a slight room is for.

...

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