a set number that we we make the money on because even though the internet is something that was publicly built it came out of the darpa came out of the military came out of taxes without taxes without the u.s. government without the military there would be no youtube there would be no internet and yet they're paid back for this free ride this rent seeking is to squeeze out all the diversity and give us dancing chickens which led to a dancing chicken president so don't look at overseas as a problem to your dancing chicken president look at you tube you get the media consolidation look at les moonves of c.b.s. there's your dancing chicken president don't blame foreigners for your loss you for it and it is it's so not only did little max keiser get to see these dancing chickens in times square but you also got to see ugly george who was an important character on public access television yes elise george was in the robin bird showed was also another public access hit these were i made my own t.v. show in the one nine hundred seventy s. called the king kaiser show you can see portions of that on the you tube we have

yet to release the full catalog of the king kaiser show that i had in high school or in mamaroneck new york and also while you were in times square with putting quarters in there for the dancing chicken of course many people know about travis bickle he was also hanging out in times square and his taxi. it could have been a movie but it seems like real life but of course he drove a yellow taxi taxi driver and that isn't our next headline because they have been disinter mediated by an algorithm who were drivers often make below minimum wage report finds some drivers end up losing money after insurance maintenance and other costs according to a study raising concerns over labor standards so this is a study out of mit and lift drivers it turns out make basically as little as eight dollars and fifty five cents per hour. the article the researchers they did have

a little bit of conflict with over the how they determine how much they actually get paid but nevertheless what the study finds is that lifts. basically rely on economic ignorance of these people applying for jobs taxi driver. driver jodie foster is a venture capitalist travis bickle is a dot com or slash cryptocurrency want to be and conspire to take down the field of currency system someday a real crypto come and wash away all this fear. travis bickle quote from driver directed by martin scorsese coined available in theaters now of course travis bickle was driving at that taxi to his company owned he was driving the car for them and that he had to like hose down the back of the car when everybody vomited

in all the sex and all that crazy stuff that happened in the backseat well of course this is part of the cost that many of these drivers trooper lift don't factor in the damage to their vehicles the mileage on their vehicle the wear and tear the gasoline costs insurance costs all that such that eight percent of drivers are actually losing money so they're just travis bickle yeah every single one of us there's nobody that's escaping super ization of the economy we're all working for below minimum wage at the end of the day if you factor in the ecological devastation of the dancing chicken effect and all the cruelty prone eggs who escapes this nightmare we call post-industrial is post ironic post going fences ation and infantile ization narcissistic cause i reality here now something to think about during the break because we have to take a break when we come back we're going to talk to dr michael hudson don't go away.

for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of all time but there was one more question and by the way who's going to be our coach. guys i know you are nervous he's a huge star and the huge amount of pressure you have to be the center of the tel with you and do all the great the great the good you are the rock at the back nobody gets past you we need you to get going let's go. alone. and i'm really happy to join us for the two thousand and three in the world cup in russia meet the special one. needs to just take the radio beyond the

team's latest edition to make up a bigger need to look. like a walk off selling you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles they don't. produce offspring to tell you that they'll be gossiping probably by styles of the most important day. off the bad guys and tell me you are not cool enough and that's by product. of the hawks that we along with our audience will want. i played for many clubs over the years so i know the game inside out. football isn't only about what happens on the pitch pull the final school it's about the passion from the fans it's the age of the superman each kill the narrowness and

spending two hundred twenty million on one player. so it's an experience like nothing else i want to because i want to share what i think what i know about the beautiful guy a great one more transfer. and thinks this minute. welcome back to the kaiser report imax keyser time now to return to our conversation with dr michael i'd say and dr hudson welcome back to the kaiser report be here to continue to so we are talking about donald trump and his new steel and aluminum tariffs and how that's going to play out economic lay and. you know last time we kind of talked about how this could shut wall street out and that's an interesting concept you know if we can take this and go down this path

a little bit but what do you mean by it shuts wall street out and isn't that it good i mean you know the economy has always been a battle between main street and wall street and certainly wall street's been a winning the last twenty five years certainly sense the reagan thatcher era and male liberalism and main street spend shut out main street the wages have been stagnant a lot of jobs have been lost so is this signaling kind of an era when main street can look forward to some gains here versus wall street and isn't that a positive thing and there isn't that the way the cookie crumbles if you are working on wall street dr watson well i don't think. economic policies that don't they were rules are the same as bernie sanders was the it's the don't favor was great just because wall street loses doesn't mean automatically means you ain't there must i think there's a national security strategy about trump i think the national security the state

has taken over and what they're trying to do is play the game of international diplomacy that is not going to help either wall street or main street they can both be losers if the economy is being mismanaged and it looks to me like trump and the republicans are mismanaging out the economy for instance if trump wanted to know wall street what he would really do would be to build up infrastructure. in some set up infrastructure he would lower the cost of doing business for wall street there's no let me jump in here for a second because you know america's biggest competition globally would be china china of course as an adult policy and it's a top down hierarchical approach and it was a bit of an iron fist our alleged free market ideology in america prevents our elected politicians from even offering this type of thing but in other words can amass how does america compete with china if china's going an american as

a seem to have any problem with a lot of the inroads that china is making into art art technology space etc with surveillance technology this type of thing but in other words are two very highly contrasts things temps are styles of doing the business air your comments it is impossible for a free market economy to compete internationally a free market economy is one of economic collapse and austerity look america didn't get rich by being a free market they got rich by being a perfectionist country that's what my book is about america's protectionist take off. in the nineteenth century america had the idea was if we build. america is a mixed economy where the public sector providing education roads really roads and all of the infrastructure at a subsidized cost there is really then our business can hire labor and do business a lower cost than other countries that are privatized in free market so american

got rich by not being a free market china's getting rich by following the exact same policy that made america rich and germany rich and other industrial countries by having a mixed economy where the government provides most of what's your own externalities transportation costs communication boss education costs water sewage all of these are in america the infrastructure through. it is being prototypes to increase the cost comes next best. increases the cost of doing business in the financial eyes a new economy lower let me jump in because as an interesting points in other words if you have the infrastructure like roads hospitals education these types of parts of the economy that add to the aggregate gross domestic product in intangible ways and tangible ways of while allowing the free market to exist and things like

computers and soft drinks and you know things that are commercially competing out there you end up with this mixed economy and the best of both worlds but in america and also in britain you have now the privatization of things like transportation a runway it becomes vastly more expensive it doesn't work. ideologically or theoretically you don't want to ends of a railway system competing with each other because then you get stuck breaking down in the middle as you have in the u.k. or amtrak as i don't know if they are or what the current status is of a track of at but anyway so yeah this mixed economy right and that's the best of both worlds but in this country and elsewhere they've privatized those elements and now you pick up the competitive and has really been destroyed right yes what you call a privatized economy is really a financial economy where the financial sector so every bit of infrastructure privatized finance is very expensive credit with interest charges stock buyback

programs management charges overhead capital gains and. america will end up looking like margaret thatcher who single and they call it a free market economy but it's really a way from industrial capitalism as we know it in the main in the nearly twentieth century back into a kind of feudal and it's a kind of me it's you know spoken about. before and it is a retrogression from capitalism industrial capitalism and it's you can either call it finance capitalism or new york feudalism but it's going to be very high cost of living high possible doing business like a competition and the only way you can really are protected this is militarily with a national security state and the military industrial complex and that's not something that benefits either wall street or main street this is something that is basically simply parasitic changing gears for a second i want to pick your brain on something air everyone from jack ma to marcus

dr burke have been warning about the impending artificial intelligence job apocalypse do you agree the most or press will be displaced by machines or algorithms is there anything we should do as a society for paraffin so what is your current thinking on the way i transit and jobs and economics dr odds on this argument goes back two hundred years repairer no marx and other people who are saying it's mechanization going to replace libor or no and marches and if there was no it's not going to because instead of more and more workers are going to be employed in the capital goods industries. that are making the machines that displace our manual labor so what you're going to have is an upgrading it later from the old manual labor to the machine making well the same argument that was waged in the nineteenth century can be waged now in the twentieth

century how many workers are going to be employed in the artificial intelligence of this great how many i mention all of the all of the gas stations that are going to get more businesses are so crowded parasols mentioned to each other imagine the increase in hospitals and the smoke running power automatic in silence and cars run over pedestrians you know who knows you know how many extra jobs are going to be created by this so the let me let me jump in for a second. let's go off on a wild tangent here as we normally do so if you talk about ricardo and marx and nineteenth century economic models and how this is not any different but i would posit that it is different because in the case of the algorithmically driven high tech economy that we're now living in the cost of the raw materials the digits that go into this economy are zero zero this is completely new never seen in the history of economics on a case of over you know they have over drivers working at under below the minimum

wage because a platform that algorithmically controls millions of customers and thousands of taxi drivers taking advantage of the fact that there of raw material cost digits electrons to them is basically zero same thing with google as same thing with all these major platforms facebook it's a platform is resting on a reservoir of raw material that causes hero 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 nation 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 wage people going to work for him as. are notoriously. short lived there there. were these apparently. are 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 aren't they another thing backing up your point of that modern he is different from industrial technology in the nineteenth century. high wage labor under sold low weights labor it was called popper 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 a mechanism lever 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 latest book by the way and chased junk from chafer junk economics at the latest that's no my latest book i'll be coming out with another one in may our no see it on the new york times bestseller list i see not seem to love this book up there this is just recycling the same things over and over and over again there's nothing in that same tell a 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 watson 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 encourage that as i go in your fair enough yeah that's right tell it never comes i was on here was i got to say we got him on back all right maybe you two should be on for debates and dr watson thanks for being. the kaiser report is always going to be a good match well that's going to do it for this edition of the kaiser report with me max kaiser and stacy ever like to thank our guest dr michael hudson latest book jay for junk economics if you want to catch us on twitter it's kaiser report and the next time.

the firing of bricks tillerson at the state department surprised a few tillerson was often described as bland and on numerous occasions out of step with his boss. the nomination of mike pale to replace him is any place. please well you know the fires they were kind of adopted because we were called pirates for so long. i mean they're in the smaller boats next to the harbor pulling ships and it's stanley. cup time to. play a little self to make cold fish already ninety percent of the dot and bone because their. concept fifteen scoops seventy

five tons they do it several times a day with a complete oh you get an idea why. we have to understand we can all stay still and just. be with this he is the field boy. i'm doing this because i want the future world to future generations to have out and enjoy the ocean we have. illegal.

it's done calling will show epic journey across the americas continues rubin's argentina and uruguay to form a winners and we decided to come to be united states specifically los angeles to tilt it's a man about the four lives of the united states men's national team that will not be present in russia and so much on bob bradley was the manager when the united states finished top of a group in south africa. in two thousand and ten alexi lalas was the poster boy of american football in the ninety nine. let's talk about about the states of the guy here in the united states. send you allow us your own good to see we do well yeah but we have a walk along the pier and of the shots are going. to pick news release you know what strikes men's national team have not qualified for the faithful will allow

a lot of foreigners would think oh it doesn't matter to americans because you go and they felt it gold and yet you call them unless you call the baseball right really does matter it does and i think it's a there's a dramatic representation of how far we have come by the consternation and the consistent bleeding and complaining and critique and criticism of everybody and anybody whether they kick a ball whether they're a coach whether just involved in soccer whether it's just us as americans i think it shows how far we've come that people care and people are depressed and disappointed and sad and they're angry that the u.s. hasn't qualified and. it's a blip but it's also a tough moment because no one expected it and. it does. not a lot of people start jumping up and down with answers and for me. i would have told you before this qualify and that there's things that we're doing pretty well but

there's a lot of things that just need to improve and. so i haven't changed my story at all so. the dialogue at the moment is uneasy and so somehow the real football people. just continue you know you have a chance to work in a club from top to bottom to get a right. to. those. in costa rica with that population's huge lack of infrastructure compared to the united states that you're going to. happen going to the. well first off i think it's a little different when you're comparing it's a little apples and oranges when you're comparing the united states to let's say in iceland or any other country for that matter one of the things that makes my country the greatest in the world in my opinion is our diversity but with that diversity comes incredible diversity of thought in that if i go along this beach

and i pull out a bunch of americans and i say what's beautiful soccer today i'm going to get a hundred different answers so we have no real collective an agreed upon style of play which means we try to be everything to everybody and that's that's commendable because that's kind of what our country is about but what makes a country great doesn't necessarily make a soccer team great and i think we have to come to a realization going forward that. maybe we have to be more definitive and in being more definitive b. and dare i say it maybe even more exclusive as opposed to inclusive and i know that scares some people but ultimately a team of good individuals but not good team lost the games that they should and we didn't qualify. so until i see them be all for this time called of osho to accept.

the new kid on the block and it's going to be managed by a very well respected manager who's managed in the premier league has managed to egypt manage the u.s. men's national. broadly. we've great experience. it we're here it's. beautiful sunny day i've come from freezing cold england to have a look at the growth of the guy in the united states another club. m.l.s. is growing very nicely. the league has grown a lot of new stadiums exciting new talent and in the case of las see a new team that comes into a fantastic city that has real tradition ownership that has a vision so for me it's quite exciting i reports and for players like christine policy can you know the younger players. to be promoted both in the m.l.s.

in europe and the united states forward not just the growth of the m.l.s. but it's international level are you seeing the signs that the united states is now producing a lot of quality young players. i think we hope that that's happening and when we'll find out. again if you look at the history of the u.s. national team there's been a good run of qualifying for the world cup there's been moments where a team came together the right way and was able to achieve. some good results we've not yet gotten to the point where you know we're consistently. getting to the semifinals and finals of tournaments we've not won a big tournament yet so there's no getting around the fact that there's still a lot there for us to achieve. so we are outside it's almost like a full swap better whites to say the beautiful city of los angeles the boy.

mr clinton on to knowing full well koa back in the one nine hundred yes england didn't qualify. so remember being an active player and like you said. rose ball impostor a huge cry to. all of the big sponsors one seemed to be appalled to the right he

was very much the poster boy the big. old american boys. and stripes oh yeah there's a very powerful image going into the tournament where your expects that expectations if you and you'll say i looked at it as a huge platform a stage and an opportunity i knew what i was i knew what i was and i knew as a team what we were what we were and what we weren't but i also recognize that we have a responsibility and i live the power of what a world cup can do to an individual it changed my life completely on and off the field one of the reasons why i'm walking on this beach today next to you here in manhattan beach in los angeles is because of the power of the world cup and doors opened up on and off the field and that's why i hope twenty twenty six happens because i want some other players that we may not even heard of that's growing up the united states to get that opportunity and i milked it for all it was worth and had a blast doing it on and off the field i remember most of it not all of it i remember most of it it was great but ultimately i'm proud because i was part of

a moment and a group of guys and just a revolution if you will that changed the way my country views soccer because it was the first time a lot of people ever saw soccer played at the highest level. in. central america the growth. panama and costa rica does that surprise you very maureen's they in every region whether it be south america europe or north america you have the traditional beacons is that now being challenged by the smaller countries i think all over the world the smaller countries. are doing pretty well to organize themselves and be hard to play against and go into qualification and go into tournament's with a real plan.