Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Vermont Sen. Bernie Sanders won his state's Democratic primary Tuesday night. But he will run as an independent for re-election in November. Sanders joins "CBS This Morning" to discuss the ideas Democrats are fighting for and the energy he's seen across the country.
The crisis in Turkey is spreading to other emerging markets - like India, Argentina and South Africa. On Tuesday, the Indian rupee hit an all-time low against the US dollar. The South African rand and the Argentinian peso have also seen big drops in recent days. Many fear the crisis in Turkey could damage the global financial system. Al Jazeera's Shihab Rattansi reports.
President Donald Trump is continuing his trade war, this time it's with Turkey. Trump took to Twitter authorizing the doubling of tariffs on Turkish aluminum and steel. Turkey’s economy is already in turmoil due to high inflation, causing financial instability to financial markets. RT America’s Sara Montes de Oca has the details.
If the EU and the British Government want to keep trade flowing to protect the Iran nuclear deal, it doesn’t seem to be succeeding. Donald Trump's promise to hurt businesses that trade with Iran - by stopping them trading with the U.S - is already having an impact.
Daimler, the German truck and car giant, has already said it will pull out just hours after the U.S President reintroduced his sanctions and other companies are following suit.
On the surface, the US economy appears to be doing quite well right now, though most credible economists have been warning us for months that things are about to come crashing down. And one of the reasons for this impending crash is the fact that American workers are getting less pay, fewer benefits, and NOW Americans could see dramatic cuts to programs like Medicare, Medicaid, and Social Security. Those cuts are coming at the same time that the Trump administration is trying to unilaterally cut taxes AGAIN for the wealthy. Ring of Fire’s Farron Cousins discusses this.
In other industrialized countries, movement towards a democratic form of socialism has been strong enough to win national elections. So why hasn’t socialism ever become a powerful force in American politics? There are lots of reasons, as well as younger generations who align with socialist ideals that may bring the necessary gusto. NewsHour Weekend Special Correspondent Jeff Greenfield reports.
