Thom Hartmann Program - 1 Hour Edition - 12/28/18 - Economics Richard Wolff thinks we might be on the verge of the recession that was only delayed by government intervention in 2008. And Thom notices that all they talk about on cable news is personality, not issues. In this environment, Trump's distraction-machine pumps out ever-larger lies. Meanwhile across the pond the Brits flounder towards Brexit. Callers join in, and a concerning time is had by all.
The Hartmann Report
Thom Hartmann
4.5 • 1.3K Ratings
🗓️ 29 December 2018
⏱️ 61 minutes
🧾️ Download transcript
Summary
Thom speaks with Economics Professor Richard Wolff on whether a worldwide recession or depression is likely. Dr. Wolff points out that the capitalist economy crashes every eight to ten years, and although there have been many proposed solutions over the years. nothing seems to be working. Thom and the professor speculate on what might done to fix it. ------------ After an injury makes Thom spend extra time with the cable news channels- he's shocked at the near-complete lack of actual issues discussed. Callers and Thom think up alternatives. ------------ Trump's manipulations, lies and insanity deepen. Specifics given. ------------ Thom reads from 'Thunderdome Politics- An Uncivil War' by Greg Seargeant. ------------ Callers challenge Thom. ------------ Brit-watcher Victoria Jones catches us up with the latest moves towards Brexit.
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Transcript
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| 0:00.0 | This is the Tom Hartman Program. |
| 0:15.0 | Welcome back. |
| 0:17.0 | Tom Hartman here with you on the line with us. |
| 0:19.0 | Our old buddy, Richard Wolf, the economist, co-founder of Democracy at Work, author most recently of |
| 0:25.4 | capitalism's crisis deepens essays on the global economic meltdown. |
| 0:30.2 | The website Democracy at Work. info or R.D wolf with 2F's.com |
| 0:34.6 | you can tweet him at Prof Wolf PRO F W-O-L-F. |
| 0:39.2 | Dr. Wolf, welcome back. |
| 0:40.5 | Thank you, Tom. Glad to be here. |
| 0:43.0 | So I caught this article in the Washington Post. |
| 0:45.8 | Economic growth is slowing all around the world by David Lynch. |
| 0:50.5 | And two broad questions about this. |
| 0:52.3 | The first, what actually is happening with our economy and the world economy right now? |
| 0:58.0 | And the second, why does capitalism have these cycles? |
| 1:03.4 | I was reading an article some weeks ago about Australia and how in the last 30 years |
| 1:09.1 | Australia's not had a significant recession because the government has set aside hundreds of billions of |
| 1:16.6 | tax dollars during good times and when the economy slows down they do the Australian |
| 1:22.3 | version of the German |
| 1:23.4 | Kurtzer-Bite that you remember from 2009 where they paid factory workers not to |
| 1:27.9 | work so that they still had a paycheck and they would continue to stimulate the |
| 1:31.6 | economy or keep the economy rolling. |
| 1:33.6 | And it seems like these are kind of stabilizing systems for capitalism, |
... |
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