Money, Money, Money
On the Media
WNYC Studios
4.6 • 9.1K Ratings
🗓️ 14 July 2023
⏱️ 51 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | The beginning, even liberal economists would say this is impossible. |
| 0:07.9 | Companies have always been greedy. |
| 0:09.6 | Why is it that all of a sudden they're able to raise prices more than they would otherwise? |
| 0:13.3 | So is greed to blame for our current inflation woes? |
| 0:17.4 | From WNYC in New York, this is on the media. |
| 0:19.8 | I'm Brooke Gladstone. |
| 0:21.3 | Meanwhile, some Americans are looking at capitalism and wondering if they've been conned. |
| 0:27.1 | Nobody wants to be a sucker. |
| 0:29.4 | And in a sense, we've been suckered by the market fundamentalism narrative. |
| 0:33.6 | And to round out the hour, a rereading of the Communist Manifesto. |
| 0:39.5 | If you cannot, in good faith, engage with the way that the substance and the style are |
| 0:45.5 | working together, you will never understand what kind of book this is. |
| 0:50.3 | It's all coming up after this. |
| 0:57.1 | From WNYC in New York, this is on the media. |
| 1:03.4 | I'm Brooke Gladstone. |
| 1:05.7 | For well over a year, the Federal Reserve has been waging war against inflation. |
| 1:11.1 | Prices started climbing back in 2021 and quickly broke records in summer 2022. |
| 1:17.3 | Inflation and the United States is again surging to the highest level in 40 years. |
| 1:22.3 | And even though prices have come down since then, everyone feds, economists and pundits, |
| 1:27.6 | were trying to get a handle on what exactly was happening and what would fix it. |
| 1:33.1 | Wouldn't data points stuck out? |
| 1:35.6 | Prices were up, sure, but profits in some sectors were skyrocketing. |
... |
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