(2013/08/03) The economics of corruption and how to fix it (Economics and Corruption)
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 3 August 2013
⏱️ 74 minutes
🧾️ Download transcript
Summary
Edition #742
The economics of corruption and how to fix it
Ch. 1: Intro - Theme: A Fond Farewell, Elliott Smith
Ch. 2: Act 1: Externalities - Sustainable Man - Air Date: 07-17-13
Ch. 3: Act 2: Elizabeth Warren Schools CNBC Hacks - Majority Report - Air Date: 07-18-13
Ch. 4: Song 2: Nobody's watching - Sara Radle
Ch. 5: Act 3: Obama's Good Econ Speech - The Progressive Magazine - Air Date: 7-25-13
Ch. 6: Song 3: Little Talks (String Quartet Tribute to Of Monsters and Men) - Vitamin String Quartet
Ch. 7: Act 4: Contrary To Right-Wing Media Claims, Middle Class Is Key To Economic Growth - Media Matters Minute - Air Date: 07-25-13
Ch. 8: Song 4: Little Talks (String Quartet Tribute to Of Monsters and Men) - Vitamin String Quartet
Ch. 9: Act 5: Beware of Limbaugh-nomics! - Thom Hartmann - Air Date: 07-26-13
Ch. 10: Song 5: Class warfare - Chris Priest
Ch. 11: Act 6: Global Enemy #1: Global Tax Shelters - Majority Report - Air Date: 07-22-13
Ch. 12: Song 6: Pay up - Jivestone
Ch. 13: Act 7: Lawrence Lessig with a Plan To Remove Corruption in Washington Part 1 - Moyers And Company - Air Date 6-14-13
Ch. 14: Song 7: Slash and burn - Blind Corn Liquor Pickers
Ch. 15: Act 8: Money Out of Politics in Massachusetts - The Young Turks - Air Date: 07-04-13
Ch. 16: Song 8: It's your time - Dorothy Norwood with The Miami Mass Choir
Ch. 17: Act 9: Lawrence Lessig with a Plan To Remove Corruption in Washington Part 2 - Moyers And Company - Air Date 6-14-13
Voicemails:
Ch. 18: There are lots of laws that disadvantage people of color - DJ from South Bend, IN
Ch. 19: Thoughts on reforming 'stand your ground' - Wade from Ft. Worth, TX
Ch. 20: Quotes on jury trials - Dave from Olympia, WA
Leave a message at 202-999-3991
Voicemail Music:
Loud Pipes - Ratatat
Ch. 21: Final comments on jury nullification
Closing Music:
Here We Are - Patrick Park
Produced by:
Jay! Tomlinson
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Transcript
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| 0:00.0 | This episode is brought to you by Squarespace, the all-in-one platform that makes it |
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| 0:08.6 | and 10% off, go to squarespace.com and use the offer code Left 8. |
| 0:13.6 | Now welcome to the award winning best of the left podcast with Cups Today from Sustainable Man, |
| 0:17.7 | the Majority Report, the Progressive Magazine, the Media Matters Minute, the Tom Hartman program, |
| 0:22.3 | Moyers & Company, and the Young Turks. |
| 0:24.8 | And a note that this episode contains traces of positive news and hope, |
| 0:28.3 | so please brace yourself for that shock to your system. |
| 0:46.2 | The economists say if you clear-cut the forest, take the money and put it in the bank, |
| 0:51.3 | you can make 6-7%. If you clear-cut the forest, put it into Malaysia, |
| 0:55.4 | pop it into the beginning, you can make 30-40%. So who cares whether you keep the forest, |
| 0:59.8 | cut it down, put the money somewhere else, when those forests are gone, put it in fish, |
| 1:03.8 | when the fish are gone, put it in computers. Money doesn't stand for anything, |
| 1:07.7 | and money now grows faster than the real world. Conventional economics is a form of brain damage. |
| 1:15.6 | Economics is so fundamentally disconnected from the real world, it is destructive. |
| 1:22.4 | If you take an introductory course in economics, the professor and the first lecture will show a |
| 1:28.1 | slide of the economy, and it looks very impressive in all raw materials, extraction, process, |
| 1:33.5 | manufacture, wholesale retail, with arrows going back and forth. And they try to impress you because |
| 1:38.8 | they think they note them well. Economics is not a science, but they're trying to fool us in |
| 1:44.6 | the thinking that it's a real science thought. Economics is a set of values that they then try to |
| 1:50.0 | use mathematical equations and all that stuff and pretend it's science. But if you ask the |
| 1:54.4 | economist, in that equation, where do you put the ozone layer? Where do you put the deep |
... |
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