Economic Update: Labor Day Economics


Updates on Labor Day's meaning, Amazon's workplace horrors, Dunkin Donuts' CEO against $ 15/hr, and how capitalism undermines recycling. Response to questions on shifting US federal tax burdens and on state's role in capitalist economies. Major discussion of criticism of capitalism and directions for a better system.

LISTEN NOW: Click here to download (.mp3 file)

Showing 1 comment

  • ABear Holhut
    commented 2015-09-18 13:14:49 -0400
    I would very much appreciate a written transcript of this program. Actually, if all of the Economic Updates would be transcribed, printed and available, that would be great.

    I do my own internet show/podcast and have for years used some of the ideas/analogies etc that I come across from Rick and others on my own show – normally with attribution if a direct quote or sound clip is used.

    I do have a question about something said by Rick on this particular show. Rick said, in his set up about the original Boston Tea Party that the colonials were ticked at England about a raise on taxes. That is what I was taught in public school, of course, but over the years I have come to understand that it wasn’t a rise in taxes that they were mad about. Rather, it was a lowering of taxes on the tea from the East India Tea Company – the favorite company of the crown at the time – The crown was trying to favor the imported Tea over the domestically grown tea of the colonies.

    My question is… have I gotten this wrong? Was it, indeed, a LOWERING of taxes that triggered the revolt rather than a raising of taxes as I was originally taught and as I heard Rick say on this program?

    I get it that the overall point was that the colonials wanted control over their economics etc… but I always like to have my facts as straight as possible.

    Can you set it straight for me and others?

    Solidarity, Pinko the Bear aka ABear aka Brad Holhut

Donate to Become a

[email protected]

Monthly Supporter

Customized by

Longleaf Digital