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tv   Boom Bust  RT  March 15, 2018 4:30am-5:01am EDT

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causes and so things are trending down is highly deflationary in this regard and so therefore this artificial intelligence again are algorithmically driven is tapping into this a some pot a curve of raw material cost is zero and that's highly deflationary isn't that a seismic change in economics and the models that have been looked at and examined now for two hundred years dr watson yes i have to admit you're right it is a seismic change and it's a race to the bottom and it goes hand in hand with the occasion you're seeing so to the extent that. the artificial intelligence doesn't mean higher quality of life it may very well mean the kind of managerial program that's what you know it results in a lower quality of life for most people just like drivers earn less than the minimum
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wage people going to work for amazon are notoriously. short lived where they're burned out it's. a place where the workers apparently you know. are feeling pretty exploited so right into this mix donald trump is coming out and saying hey you know we're going to put some extra tax dollars in your pocket the form of cash we're going to we're going to bring tariffs on to give steel workers some high wage jobs and you know this is a vote winner and against a backdrop of fear the average worker is scared to death because they also implicit and this kind of cycle economically would be a trend toward higher inflation anyway as we're now entering into a new era of higher interest rates etc a trade wars. are not deflationary dr odds and they tend to be inflationary out day another thing backing up your point of that modern he is different from industrial technology in the
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nineteenth century. high wage labor under sold low weights labor it was called proper labor the idea was that once you have machinery you're going to have to have more and more highly skilled highly trained better fed and rested labor in order to operate it so you had upgrading of labor all during the industrial revolution as a result of this mechanization new labor increased as living standards in order to be able to perform the higher quality were just industrial work jobs but now under industrial technology it's like the navy designed by geniuses to be run by idiots and you're going to treat labor is essentially you're terry you're turning labor into low quality repetitive sort of omega nism leaper rather than the highly skilled labor that people thought was going to lead from industrial capitalism in the socialism and better living standards fair enough now what's your
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latest book by the way and junk for jay for junk economics at the latest that's no my latest book i'll be coming out with another one and many are not all see it on the new york times bestseller list i see not seem to love this book up there and it is just recycling the same things over and over and over again there's nothing in that seem to love this book we haven't seen already a hundred times you're actually bringing some fresh to the table how come you're not on the new york times bestseller list this is a travesty dr hudson because i'm the kind of person that you have on your show not the kind of person that the new york times likes to celebrate though they review books that advertise in the new york times and i don't ever if i go on your fair enough yeah that's right tell it never comes i was on here was i got to say i'll get him on back all right maybe you two should be on for debates and dr roger thanks for being on. the kaiser report is always going to be here. well that's going to do it for this edition of the kaiser report with me max kaiser and stacey ebert like to thank our guest dr michael hudson latest book j. for junk economics if you want to catch us on twitter it's kaiser report and the
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next time. it appears in highly likely these are the words used by u.k. prime minister to resume pinning the blame on russia for the poison attack on a former russian intelligence officer turned to british spies claims are made and threats long course without evidence. combination of. very artful policy. where he's established a great relationship with two thousand and eight and american mistakes i think. this relationship between russia and china. quite
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a lot can be quite. difficult to undermine. the shadow of. doubt. will turn us up but i live. in iowa. and you miss almost no. no you know. good or bad or they're trying to two times a week on news what to do. now. and then yesterday when you know that when then and you're young enough for you. know it's a kind. look
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with the clothes that have been. pretty high and. most of them one thing briefed. this morning boys this is when they deal with. as on i don't think again you. does but then. you know. i don't want to move the problem that big people being equal to all because someone come on to the know me this in this in
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these i have need i go to have school fees to take the kids. give them get the middest mean i was been welcome my goal was get ahead right but i try to move the five in where your. feet can get ten. k. that's ending was about a was. you know the you know you know how. much did you know why you were out. there was not you. know how. do. you see that is what do you see that you know that. money wasn't. the
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best idea. and this is that it. was. never yes that was a no no. yes and i don't want to one's. too close enough ones are not done one but it's not a top the definitions you know i'm buying me. one seeking out a new. south south. i want to go why me. and. assets got to get so many i have this money you can count. on it is proving with come once and we lose only to our last and these things morning because this is too hard the kind of work i know that my mother loves you got. that one of the why do i need.
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to. do this is. that. right things are there's a lot you need. to see and it would be a little difficult to situate it to the best. oh oh oh. oh oh yes do you know who would be one of the boys he was going to let me know when i beach. south well now i do know there's nothing there but maybe i don't know i think. i do want to know what i need knows me or you don't know me as i went in for my fun for right now yeah we've heard quite a number of leads and believe that one of them either you know is that when a young man you seem to take to the by it's a very hades you used to leaps with a grammy it feels like he's clinched. you feel it it's
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also hard to move but michelle's are not only these. lake the house for many partners in their lives so they tend to think that this was a practicing secondary infertility so best deal intoxicate it feels when you snip to me that's for sure according to the young men it feels like just to get people to go fight each little bit communities or. some of the people who believe that when a stickler does for sure and your cost maybe you want passed by yes for sure if you go and sleep with one now that granny it's late the cost is going. i want to pay them a good scheme to get you did you get. what you pay for that they didn't even get you for that you can get. kicked out. you look as if you have
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a problem with that. oh. wow . my next guest really mean for me i love this that you know better than you in the face now took you find it he's going to help keep going to play he going to eat you out when he's young will let you go no one and i. know. like india. that. was between fifty to eighty eight to find one flavius she can only do the job on skills the one the place then you must know the physical skills and it can be to keep you from. what. she has out.
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was. i did do you think you know i'm sorry i'm sorry. you you. feel . when you took up old school which will be still relaxed what's with young women or ordered ladies or did old grannies get moche to go because of insecurity and begin to believe adults point. out there is so many cases when you. ask to think that's what god may do to you some people say oh i was i was a have been betrayed by six people by the people. at
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school later. my love days are two there's a very. good chance that it didn't actually it. was this little. group. and this is they were always where you're sure that it. was that he will still say to me as he should to me it took. to prayer and journalistic and i wonder if this there should be a book. extolling it shouldn't come in britain. mostly not their plant that their front seat was there so it's this and them and remember this is. the first of all bill is with great precision because it's a trip to the. table three people to the. very one of the world or for.
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this dental for culture to be no i don't live again and most of the indian nation comes from this one skin business that they do and most of them depend on the dundalk state and also almost all be made using part of. the founder. self may be engaging in crime or even other. places that are not. and are so corny. tough words are really bad the. trouble you are. going in and then why you are you know.
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i mean bradley's their. last image of the town and i began by asking. for. your little finger as a coward cindy it was a good idea for a second last. month lol raping. it at the idiot run line and now one that really bustling in. iraq or any of. this is not nearly. good. enough. long enough. for all to pass out of the room. when you make john the going to.
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jail known. as a human. being. you cannot hope to prove work because somebody made you friends and you cannot experience. you or not. it's a bad thing to go. into go. into a good deal and dong.

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