power. and worker power has been largely missing from the u.s. economy for literally 40 years, if not more. since the reagan era and the last great bout of inflation in the seventies when it induce punishing recession, we have seen a vast transformation of the american global economy. recreated in reagan s shadow and you economy that offers this bargain, consumer goods are cheap, everything from burritos to flat screens tvs, to all the stuff you can buy an amazon, or a target because it isn t made by other people in other countries. it brought all of these goods cheaper than they were ever. for years people defending this model, said look how cheap the tvs are. how can you say people are poor when they have smartphones. but, there s another part to this bargain, the key part of this bargain is the cheap goods go together with low wages. you re getting those goods from folks making little money but as our workers are competing
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covered this beat, if you could give us context to the exchange today? what was going on there? thanks for having me chris. it was such a weird exchange. this whole specter of tom cotton very much badgering secretary of defense lloyd austin. i think it didn t sit well with a lot of people at the pentagon. a lot of this is going on because the right wing of the republican party led by tom cotton and by senator crenshaw don t like the fact the pentagon at long last is starting to confront some of the racial inequities within the department of defense. they call this there is this new phrase that s been coined, they woke police. they are going after the pentagon for being too woke. and pentagon leadership for being too woke. they don t like the idea for instance the pentagon is going to be having, putting out some