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The Gist

Phil Gramm Hearts Capitalism, From Dickens To The New Deal

The Gist

Mike Pesca

News, Politics, Arts, Daily News

4.43.6K Ratings

🗓️ 25 July 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

Former Senator Phil Gramm joins to defend capitalism’s record, arguing that the Industrial Revolution improved lives, the New Deal prolonged the Depression, and modern welfare undermines work. He supports Keynesian stimulus in theory—but only if governments also run surpluses, which he says they never do. Plus, Gaza aid failures, Macron’s recognition of Palestine, and why peace requires clear-eyed power dynamics, not symbolic gestures. And in The Spiel: Benjamin Crump returns to the spotlight in a viral police beating case, and renewed concern over noose reports reveals our reflex to dramatize the ambiguous.

Produced by Corey Wara


Production Coordinator Ashley Khan


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Transcript

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0:00.0

It's Friday, July 25th, 2025.

0:06.0

From Peachfish Productions, it's the gist. I'm Mike Pesca.

0:09.7

The horrors in Gaza continue. Malnutrition is reported by international organizations is worsening.

0:15.8

And Israel's failure to effectively deliver aid has not only exacerbated the crisis, but contributed to civilian

0:21.7

deaths. While Israeli officials dispute these figures, pointing out they come from the Hamas

0:26.1

Ministry of Health, it's undeniable that many innocent Gazans have been killed simply for trying

0:31.8

to obtain enough food to survive. Against this backdrop, French President Emmanuel Macron joined other European leaders in a largely

0:40.4

symbolic gesture, the recognition of a Palestinian state.

0:44.8

NPR described the move this way.

0:46.7

France will soon recognize Palestine as a state.

0:49.7

They say they want to speed the peace process by leveling the playing field at the negotiating table.

0:54.8

Now, I want to tell you, I have searched extensively in both French and English for instances

0:58.4

of McCrone using the exact phrases heard there, leveling the playing field or speeding the peace

1:03.4

process. And I don't think that's what he said exactly. But the sentiment tracks. McCrone's message was,

1:09.8

his was an act meant to help push toward a negotiated end of the war.

1:15.6

That is a mistake.

1:17.6

That is a misunderstanding of how negotiations work.

1:21.6

So for negotiations to succeed, both sides should have a realistic understanding of their positions. If not, if both sides have the same

1:29.4

unrealistic understanding, it could also result in a successful negotiation. But when one side is at a

1:36.4

clear disadvantage and yet is led to believe that the playing field is level, they will never agree to a

1:43.3

lasting settlement.

1:44.8

In this case, Israel holds overwhelming military dominance over Hamas, and they know it.

...

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