In anytime he want and i always appreciate its go to pi 1st because i one of my rules on this program we always go to the person the god up earliest and you got up really early for those programs own i wrote very much appreciate it hi you know that theres a lot of talk about it how capitalism is performing and for home and we look at the rig generation x. We look at the middle of millennial as we see the attraction of socialism in the polls so my question is very broad in its a very deep question at the same time he said is capitalism working if it is for whom go ahead well its a great question. My kind of response question is whether capitalism whose capitalism i mean its 201920 years ago we had the strongest economy known to man with you know Everything Technology and the promises of the internet and efficiency the lowest real rate of unemployment back then versus real unemployment right now being a multiple of what the government states that it is so why was capitalism working so sp
Being a multiple of what the government states that it is so why was capitalism working so splendidly back then versus the over indebted over leveraged version of it right now it really begs the question over if its classical kind of adam smith and David Ricardo Joseph Schumpeter capitalism as taught in college and grad school or if its more of an i and randy and servile of the fittest at any and all costs by any means necessary vulture market fundamentalism that is built on increasing amounts of Financial Leverage and speculation versus actual manufacturing productivity and this is stand ability of a middle class i dont think its working in the same way that it had in decades past ok its going to alexander in the annapolis i mean i think thats the point here is that i have actually for capitalism ok i dont want to have any misunderstanding but im i want to work for everyone or more people and its working for now ok because we we see you know we hear you know depending on what side of
Go to the person that got up early is that you got up really early for those programs and im very much appreciated by you know theres a lot of talk about how capitalism is. Performing and for whom and we look at the generation x. We look at the middle millennial as we see the attraction of socialism in the polls so my question is very broad and its a very deep question at the same time as it is capitalism working if it is for whom go ahead. Well its a great question. My kind of response question is whether capitalism whose capitalism i mean its 201920 years ago we had the strongest economy known to man with you know Everything Technology and the promises of the internet and efficiency the lowest real rate of unemployment back then versus real unemployment right now being a multiple of what the government states that it is so why was capitalism working so splendidly back then versus the over indebted over leveraged version of it right now it really begs the question over if its classica
Now it really begs the question over if its classical kind of adam smith and David Ricardo Joseph Schumpeter capitalism as taught in college and grad school or if its more of an i and randy and servile of the fittest at any and all costs by any means necessary vulture market fundamentalism that is built on increasing amounts of Financial Leverage and speculation versus actual manufacturing productivity and this is stand ability of a middle class i dont think its working in the same way that it had in decades past ok its good alexander in indianapolis i mean i think thats the point here is that i had im actually for capitalism ok i dont want any misunderstanding but im i want to work for everyone or more people and its working for now ok because we we see you know we hear you know depending on what side of the. Little ol you are you know how well the economy is doing well its doing really well for rich people and that is undeniable when it goes a little bit further down i think its a lo
Hello and welcome to cross talk were all Things Considered im Peter Lavelle the Economic System known as comfortable as in has generated more wealth than any other system in history in many ways it is defined maternity itself hundreds of millions have been lifted out of poverty however some has also witnessed growing income inequality the appeal of socialism currently on the rise. Talking capitalism im joined by my guest Geoffrey Tucker in new york he is editorial director for the American Institute for Economic Research in los angeles we have piii and he is an independent economic and geo political analyst former commodities trader and Strategic Planning advisor and in indianapolis we Cross Alexandra hudson she is an independent scholar writer consultant and speaker right across cycles in effect that means you can jump in anytime you want and i always appreciate go to pi 1st because i one of my rules on this program we always go to the person that got up early is that you got up reall