Heavily in the new west coast talk breaks down the prospects for an economic recovery. Hello and welcome across top were all beings are considered im Peter Lavelle as the culture war consumes american politics during this election cycle the economy remains in a big area state millions of people live on the margins the only constant for them is insecurity economists debate and eventually recovery they speak of you of the end you know but is the reality a k. A recovery a permanent underclass. To discuss this and more im joined by my guest Richard Wolffe in new york he is Professor Emeritus of economics at the university of massachusetts amherst as well as author of the recent books understanding socialism and understanding marxism and in west cork we cross to peter schiff he is chief global strategist at europe a civic Asset Management right gentlemen crosswalk rules in effect that means you can jump in anytime you want and i always appreciate it ok lets go to new york richard you know l
Is warning of a tsunami of new cases. And as guinea awaits to see who will be its next leader many in the mind mineral rich country feel abandoned and cheated by their own teach us. The and to. Thank you for joining us sudan could be about to enter more than 25 years of International Isolation and boost its transition to democracy u. S. Resin donald trump says hes ready to take it off the list of state sponsors of terrorism likely to bring an injection of International Investment and allow urgently needed debt relief agreed to remove the designation in return for the payment of 335000000. 00 in compensation over 2 truck bomb attacks in 1998 more than 220 people were killed when u. S. Embassies in kenya and tanzania were targeted by al qaida so don was accused of helping the. Al jazeera as he morgan has more from car too. Something that means a lot to Sudanese Government because the country has been cut off from Foreign Investment largely because of being on the list of states sponsorin
As author of the recent books understanding socialism and understanding marxism and in west for we cross to peter schiff he is chief global strategist at europe a civic Asset Management right gentlemen crosswalk rules in effect that means you can jump in anytime you want and i always appreciate it ok lets go to new york richard you know when you looking at the news about the economy looking at a lot of macro numbers and sometimes i think its very quite confusing and where the economy is going particularly when we look at unemployment permanent unemployment and jobs that are permanently lost here but the more i look at it and you gentlemen are preeminent experts here i dont i dont really think its that you are an l. Im really quite taken with this k. A recovery the rich got richer and the poor got or is that an oversimplification richard go ahead not at all i think weve already seen that now quote quite some time that lee. East to north 3 on 4 decades of growing inequality both of wealt
Unemployment and jobs that are permanently lost here but the more i look at it and you gentlemen are preeminent experts here i dont i dont really think its that you are an l. Im really quite taken with this k. A recovery the rich got richer and the poor got for is that an oversimplification richard go ahead not at all i think weve already seen that now folks like some time that at least 2 or 3 or 4 decades of growing inequality both of wealth and income and instead of that being understood as having contributed to the combination pandemic and crash were living through instead of that being understood we see the crash having made it worse the growth of the wealthy at the very top having outstripped everything we could have imagined at the same time that now over 60000000 americans have. Had to file for one or another kind of state or federal Unemployment Compensation assistance this is a system that is spinning out of control in terms of extremes of wealth inequality and income inequali
As author of the recent books understanding socialism and understanding marxism and in westport we cross to peter schiff he is chief global strategist at europe a civic Asset Management right gentlemen crossed up rules in effect that means you can jump in anytime you want and i always appreciate it ok lets go to new york richard you know looking at the news about the economy looking at a lot of macro numbers and sometimes i think its very quite confusing and where the economy is going particularly when we look at unemployment permanent unemployment and jobs that are permanently lost here but the more i look at it and you gentlemen are preeminent experts here i dont i dont really think its that you are an l. Im really quite taken with this k. A recovery the rich got richer and the poor got or is that an oversimplification richard go ahead not at all i think weve already seen that now quote quite some time that. East to north 3 on 4 decades of growing inequality both of wealth and income