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
Politicians and business leaders have reacted angrily to President Donald Trump's decision to impose stinging tariffs on imports of steel and aluminium.
The European Union is taking legal action at the World Trade Organization. And Canada and Mexico – two of the biggest sources of aluminium and steel for the US – will now impose their own charges on American goods.
Trump's decision has been described as "illegal" and "unacceptable." Is this the beginning of the end of the global trade order?
Presenter: Hashem Ahelbarra | Guests: Philippe Legrain - former adviser to the Director-General of the World Trade Organization; Joe Watkins - Republican strategist and former White House Aide to President George H W Bush; Maurizio Zanardi - International Economist at Lancaster University, UK
Trump has announced that he is putting tariffs on steel and aluminium. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss.
"The trade penalties, 25% on imported steel and 10% on imported aluminum, take effect at midnight, Commerce Secretary Wilbur Ross told reporters Thursday. Mexico, the EU and Canada immediately announced plans to retaliate with their own tariffs against American products.
Trump announced worldwide steel and aluminum tariffs in March but granted exemptions to some major trading partners. Canada, Mexico and the EU were among the countries granted relief while the United States pursued negotiations to address the administration's concerns about the state of domestic steel and aluminum production. Those negotiations had a Friday deadline.”
* Hosts: Cenk Uygur, Ana Kasparian | Cast: Cenk Uygur, Ana Kasparian
Leaders and officials from the E.U., Canada and Mexico were united in their disapproval of President Trump’s move to place tariffs on metals, which could provoke retaliation against American businesses.
During Italy's failed bid to form a government last week, the country's economy minister was vetoed by the president because he had previously discussed leaving the euro. But it is not hard to find Italians who believe adopting the currency has been a mistake. So, why is the currency such a sensitive topic in Italy?
Thom discusses what Ronald Reagan’s economic policies have done to America’s middle class with economist Richard Wolff, author of the book “Democracy at Work: A Cure for Capitalism.”
Economist Joseph Stiglitz and former Labor Secretary Robert Reich reminisce about opposing “corporate welfare” during their days in the Clinton Administration and talk here about problematic trade deals, income inequality and Stiglitz’s new book, “The Great Divide: Unequal Societies and What We Can Do About Them.” Reich and Stiglitz are presented by the Goldman School of Public Policy at UC Berkeley. Recorded on April 29, 2015.
Share prices across Europe have slumped over the latest political crisis in Italy. The country could be facing yet more elections within months.
The populist Five Star and League parties failed to form a governing coalition after the Italian president, Sergio Mattarella, rejected a leading eurosceptic as economy minister. The technocrat Carlo Cottarelli has been charged with forming an interim government - but its future already looks doomed before its even been created.
Michel Barnier sits down with Dave Keating at the Euranet Plus summit to talk about the latest developments in Brexit negotiations, and the prospect of the UK joining the European Economic Area with Norway.
The Walton family of Walmart is worth over $160 billion, but low-wage Walmart workers are struggling to get by. Do you think the Waltons have enough money to pay their workers a living wage?
The Guardian is granted exclusive access to some of the latest superyachts in Monaco. But what is life really like for the young people serving billionaires in the sun? We hear from a mother whose son died while he was working onboard a luxury yacht
Audio of the 2017 CAIT Annual International Theory Lecture November 29th, 2017. Yanis Varoufakis is a Greek economist, academic and politician, who served as the Greek Minister of Finance from January to July 2015. In 2016, Varoufakis co-founded DiEM25 – the Democracy in Europe Movement 2025. It now has almost 40,000 members in 56 countries.
In a rare bipartisan effort Tuesday, House lawmakers voted 258 to 159 to exempt banks with less than $250 billion in assets from many of the 2010 Dodd-Frank Act regulations, even though banks’ profits are soaring. The Dodd-Frank Act was passed after the 2008 economic crisis, which was provoked by years of risky lending by Wall Street banks. Thirty-three Democrats joined their Republican counterparts in voting for the financial regulation rollback, which, if signed into law, would leave less than 10 banks in the U.S. subject to stricter federal oversight. For more, we speak with Minnesota Democratic Congressmember Keith Ellison. He is the first Muslim member of Congress and the deputy chair of the Democratic National Committee, or DNC.
John Simpson interviews Castro's former bodyguard, Juan Reinaldo Sanchez.
The public image of Cuba's former leader Fidel Castro is that of the exemplary and frugal leader, but his bodyguard of 17 years claims it was a sham.
In his explosive book, Juan Reinaldo Sanchez contends that the vast majority of Cubans were unaware their leader enjoyed a lifestyle beyond the dreams of many and at odds with the sacrifices he demanded of them.
This BBC Newsnight film was produced by Maria Polachowska.