THIS IS REVOLUTION>podcast Ep. 64: Snowpiercing the Economy w/ Economist Arash Kolahi
THIS IS REVOLUTION ＞podcast
English - September 13, 2020 14:00 - 1 hour - 75.4 MB - ★★★★★ - 172 ratingsMusic Commentary Music Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
He's the show economist and he's here to tell us what's going with the REAL economy.
From Arash:
"Trying to prevent an economic recession/depression from the top-down is like trying to push string: The more you push, the more slack develops – but nothing moves along. Corporations will keep hoarding their capital & won’t hire employees or invest in the REAL economy.
Corporations won’t spend one additional penny on hiring workers or additional capacity unless that penny returns more pennies. And that doesn’t happen unless consumers have money to spend on the goods & services they need.
Top-down bailouts, like what we’ve seen over the past few months, never work. Never have & never will. They only function to further redistribute more wealth to the already wealthy, which is exactly what we’ve seen over the past few months.
As the financial markets, large corporations & the 1% receive trillions in handouts, the REAL economy - the economy that affects you & I - is headed for a train wreck."
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