Economic Update: Economics as Deception

This week's episode looks at report on the growing income gap between Millennials and Baby Boomers, Americans paying more for less when it comes to healthcare and pharmaceuticals, the deepening scandals of German automotive corporations, and why a Chinese clothing manufacturer's investment in Arkansas teaches frightening economic lessons.
SPECIAL GUEST: Economics Professor Michael Hudson on "Junk Economics". To see the second half of this week's episode, sign up as a patron on Patreon.

Showing 4 comments

  • John Horner
    commented 2017-09-02 09:46:52 -0400
    Your statement that generic drug manufacturers sell these chemicals at cost. I find this statement unbelievable for for profit businesses. I doubt that any or all generic manufacture’s exists without having a margin for profit.
  • John Horner
    commented 2017-09-02 09:44:45 -0400
    You stated that generic drug manufacturers sell these drugs for cost. This statement is not credible to me. The generic drug manufacturers have to have a margin for profit to stay in business.
  • Björn Klockmann
    commented 2017-08-28 18:07:23 -0400
    Hello there from Germany! Great format, i really enjoy it despite its frustrating news.

    An interesting fact i´d like to add about “cozy relation” between german poliicians and automobile industry, particularly Volkswagen is that the german state of lower saxony owns about 20% of the Volkswagen shares. Whoever is Prime-Minister of Lower Saxony is at the same time member of the supervisory board of Volkswagen. Not sure if that makes the whole story any betetr or worse, in any case somewhat more interesting in my opinion.
    I guess at least we will see some first car-bans in bigegr german cities next year. Actually tehre is a regulation that puts an upper limit to NOx pollution. Measurements show this limit is frequently violated since years…
  • Betsy Avila
    published this page in Latest Releases 2017-08-20 14:33:29 -0400

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