(2014/08/16) Trickle up, up and overseas economics (Corporations)
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 15 August 2014
⏱️ 72 minutes
🧾️ Download transcript
Summary
Edition #852
Trickle up, up and overseas economics
Today we take a look at the ways in which the game is rigged to keep executive pay high, worker pay low and corporate welfare flowing
Show Notes
Ch. 1: Opening Theme: A Fond Farewell - From a Basement On the Hill
Ch. 2: Act 1: Why Do CEOs Make So Much Money? - The Atlantic - Air Date: 01-22-14
Ch. 3: Song 1: Cantaloupe Island - Cantaloupe Island
Ch. 4: Act 2: CEO Pay Is A Massive Scam, This Chart Proves It - @theyoungturks - Air Date: 08-03-14
Ch. 5: Song 2: You've Got to Pick a Pocket or Two - Oliver! (The Original Broadway Cast Recording)
Ch. 6: Act 3: Our Enemy Is The Same - @LeeCamp - Air Date: 03-31-14
Ch. 7: Song 3: Common Enemies - Badlands
Ch. 8: Act 4: How income inequality happens - @jimhightower - Air Date: 5-13-14
Ch. 9: Song 4: A Fair Day's Wage - War on Peace - EP
Ch. 10: Act 5: Comcast-TimeWarner Merger Update via @freepress - Best of the Left Activism
Ch. 11: Song 5: Right to Complain - Backatown (Bonus Track Version)
Ch. 12: Act 6: Corporate Welfare And Taxes Of The One Percent - @BillMoyersHQ - Air Date 5-30-14
Ch. 13: Song 6: Trickle Down - No Covers
Ch. 14: Act 7: Shocking! Fox News Hosts Get Corporate Tax Dodging All Wrong While Defending Them - @majorityfm - Air Date: 08-01-14
Ch. 15: Song 7: Capitalism - Capitalism (feat. Bajka) - EP
Ch. 16: Act 8: Chris Michael: Creating Democracy in the Workplace - @grittv - Air Date: 3-14-14
Ch. 17: Song 8: Tonight the Streets Are Ours - Tonight the Streets Are Ours - EP
Ch. 18: Act 9: John Finimore on capitalism - The Now Show
Voicemails
Ch. 19: The health effects of too much politics - David in Indiana
Voicemail Music: Loud Pipes - Classics
Ch. 20: Final comments on the ways different people experience media and politics differently
Closing Music: Here We Are - Everyone's in Everyone
Follow-up/new Action!
Join the Fight to Stop the Comcast-Time Warner Cable Merger via FreePress.net
Sources/additional glimmers of hope:
"Comcast defends $45B Time Warner merger” via Kate Tummarello at The Hill
"Comcast and Time Warner fund event for FCC regulator while seeking merger approval” via Josh Hicks at The Washington Post
Hear the segment in context:
Episode #852 "Trickle up, up and overseas economics (Corporations)"
Revisit the original action/segment: BOTL Activism: "FreePress.net fights against media monopolies” from Episode #799 Rise of the gatekeepers (Net Neutrality)
Written by BOTL social media/activism director Katie Klabusich
Produced by Jay! Tomlinson
Thanks for listening!
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Transcript
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| 0:00.0 | This program is made possible by the members and donors to the show. |
| 0:04.8 | For details, visit the membership tab at bestofaleth.com. |
| 0:08.1 | Now welcome to the award-winning Best of the Left podcast with clips today from the Atlantic, |
| 0:12.2 | the Young Turks, comedian Lee Camp, Jim Hightower, Moyers & Company, the Majority Report, |
| 0:17.2 | Grit TV with Orr flanners, and The Now Show. |
| 0:20.4 | And remember that no one ever thinks of themselves as the bad guy. |
| 0:24.3 | So let's just add that to the list of things that corporate executives are regularly wrong |
| 0:28.6 | about. |
| 0:30.6 | Let's say you're the CEO of one of America's largest companies. |
| 0:36.4 | First, congratulations. |
| 0:38.2 | You are incredibly rich. |
| 0:40.4 | But how rich? |
| 0:41.8 | Well, it depends on the decade. |
| 0:43.9 | If you're an average CEO in the 1950s, you're making about 20 times more than a typical |
| 0:48.4 | worker. |
| 0:49.4 | In the 1980s, about 42 times more. |
| 0:52.4 | Today, between 200 and 270 times more. |
| 0:55.5 | And last year's most unequal CEO was JC Penny's Ron Johnson. |
| 1:00.5 | He earned 1900 times more in his typical worker. |
| 1:05.8 | The CEO pay has exploded in the last two decades. |
| 1:08.6 | That's obvious. |
| 1:09.6 | But is it because CEOs are more valuable? |
... |
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