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
Executives of Sears stand to gain up to $1 million in bonuses, should Sears be liquidated, and $500,000 if it’s restructured. Meanwhile, ordinary workers at Sears are being laid off without severance payments. Bill Black talks about how US bankruptcy law is rigged to favor executives
David Harvey, Distinguished Professor of anthropology and geography at City University of New York and author of "A Brief History of Neoliberalism" argues with Chris Hedges that Neoliberalism, the manta of the global corporate elites, has created the worst income inequality in American history.
While much attention has been paid to Republican-backed tax cuts for the wealthiest, a new report reveals that even local levies take a greater share of income from the poor than the rich
The now-solidly right wing US Supreme Court is on track to deliver some very serious blows to consumer protections and the rights of American citizens with court cases that have already been heard. These cases could severely alter the justice system in the United States and make it harder for consumers to hold corporate abusers accountable. Ring of Fire’s Mike Papantonio and Farron Cousins discuss this.
Euro Pacific Capital CEO Peter Schiff and Steven Quirk, executive vice president of TD Ameritrade’s trader group, on the Federal Reserve’s impact on the stock market and whether corporate earnings can help the market make a comeback.
In a special extended segment, Anya Parampil is joined by In Question producer Kei Pritsker, who explains why Russia, China, India, Japan, Turkey, Venezuela, and Iran have all made moves away from the dollar, including dumping their holdings of US debt and increasing their respective gold reserves.
