hello and welcome to redacted and i am new we caravan and guest host and purveyor of new hobbies it's basically a different world we live in since last week the pope recommended universal basic income joe biden is a you tuber burning man will be streaming online this year and i think i might be a person who's into windchimes we put together a great show for you tonight on tonight's episode lee camp sits down with economist richard wolfe professor emeritus of economics at university of massachusetts amherst and formerly a professor of economics at yale and the new school among others he's also the founder of democracy at work and host of economic update on you tube and they have

a very interesting conversation about workers strikes then i go into aggressive policing and reactive correspondent ender's lee does some fact checking on voting but 1st let's go to that discussion between we camp and richard wall professor wall thank you so much for joining me my pleasure i'm really glad to be here i don't know anyone better than you to diagnose the problems right now or are looking at an economic crisis possibly 30 percent unemployed people suffering across the country and around the world if only someone had told us that such a crisis might happen if only there had been some kind of warning signs but instead no one could see that capitalism would have such a problem is that right. well is a fuel cost but basically you're right the consensus was that we were doing really pretty well with president. claim that the economy was great or even come greatest

in the world. was one thing that people winked at each other about but not enough to really make a counter argument or a counter assessment that it was as weak as it has now shown itself to be if i could just make the point in a different way this is the 3rd crash of capitalism in this new young century. in 2000 in the spring we had what came to be called the dot com crash into with our 8 we had what came to be called the sub prime mortgage crash and now in 2020 we have the 3rd one other so-called coronavirus crash again and here is giving a name to each crash as if the cause and the explanation is entirely on what the trigger was you know what that's a mistake that is a economics mistake you give

a kind of risk that witness the miners are making that mistake in his or her freshman year and here's the point. we have had the problems that existed in 200-2008 now many times it is in 2000 it was the extensive prices of dot com stocks in 2008 it was a sizeable number of our people being unable to pay the mortgages they had taken out of their all and this time we have an ira and then that we have had over priced x. many times we have had people are able to cover mortgages many times and we have had dozens of high rollers and then fixed over the last century the trigger isn't the problem it's a problem of a system which when triggered collapses and that's because it has all kinds of internal problems that people were pretending either weren't there or didn't matter

yeah like that give it a name to throw people off the scent of the actual cause not there's been a lot of talk about how america hasn't had enough protective gear for medical workers we haven't added on ventilators but in the past during a crisis like world war 2 we forced corporations to make war planes they started doing it over night why can't we get enough ventilators why are we able to produce what we need in this country. i think it's basically to make it blunt a kind of abject fundamentalism in economics which says anything that the private sector done anything done by capitalists to make profit is the right way to go about doing it so capitalists shouldn't be told what to do by the government if anything it should run the other way because that capitalists who pursue profits

are the geniuses at this table or us who do everything right the truth is could be close to the opposite it wasn't profitable for companies to make the. masks or tests or ventilators or beds or eyes spittles or gowns for the people or who work in hospitals it wasn't profitable or make them and it wasn't profitable to stockpile them around the country so will they be ready now so what's why the private sector and the government literally forming in front of the private sector it can come in to compensate for what the private sector so we were unprepared but let me say as an economist we have already lost 50 times more weapons i certainly didn't take the repairer preparation then it would have cost us good produce all that stuff and stockpile it after the lizard's decision in view of this pandemic were stupefyingly in an issue in

a column that that i honestly am not quite smart enough to understand ellen brown said that the door has been opened for nationalizing the federal reserve because she said and this is a lose quote basically the federal the federal government is nationalizing large swaths of the financial markets the fed is providing the money to do it black rock will be doing the trades this scheme essentially merges the fed and the treasury into one organization what are your thoughts about that is that a door opening to the nationalizing the fatter or what does that mean. i think i understand what ellen was trying to get out and she's quite right what we're seeing here is basically the private credit system freezing up and it's clear for everybody to understand why over the last 20 years in response to the crowd the crash of 2000 and again or what in 2008 the federal reserve came in pumped they asked amounts of money into the economy unlike anything we've seen before in

history and dropped interest rates literally to 0 what that meant for the last 20 years was that every corporation big ones little ones ones in between whatever problem they wrote they had investment and choice of technology right with your workers produce something that nobody wants what ever the problem the easiest and cheapest way for a business that's all that was to go get some of that money and pay next to no interest to get it that's why they all did it that's why we now have record amounts of corporate debt which is why this crisis is so bad because where you can't make profit because your workers can't come to work to save their lives from a row not you can't earn your money without which you can't pay back your decks since everybody's in up up to their eyeballs in debt it meant corporate america crashed couldn't cover its debts instead it's the government and basically says it doesn't matter we're the government we print the money and we will cover virtually

every bank's obligations every corporation's obligations this is and that was right this is the in of act the nationalization of our credit system our banking system birgitta of our entire economy only idiology of the right wing that dominates us makes it impossible to say that makes it necessary to invent every conceivable words quantitative easing weird constructions that get rewarded by the year because you have to. keep what's going on where i may disagree with is i think all of this is in order to fix the system one more time actions up with the rubber band and send it out once again even though i think of it in 2 trials and having done it in 2008 we see that the solution to each of d. is set up the next crash to happen it is

a crazy system that works this way but i don't see what they're doing as a step in the direction she hopes for war i see it as a makeshift solution in that desperate hope you can see it in this drama that will get right back to normal in the next weeks or months which is a way of not a regain that's the normal that you're trying to get back to is what got you into this mess in the 1st place right normal is the problem. during this crisis the shutdown we've seen an interesting side effect the rejuvenation of nature clear skies clear waters animals who are coming back shutting down a large percentage of our economy and our consumerism has had some certain beneficial of facts and on tomorrow's show i'm going to talk about how in order to deal with climate change and environmental collapse we need to add to capitalism because it requires infinite growth on a finite planet meaning it it must all timidly end up with the destruction of our

environment if not now then sometime down the line is that how you see it. absolutely and the way i would put it is as follows we have a lot between the work we do to produce and the consumption we have to go through to survive this as human beings and as communities we've inserted a wintered intermediate institution called capitalism what capitalism does is organize every enterprise achree office door to make a profit and then we tell ourselves a fable that making profit the thing that everybody in production ngs that will somehow magically produce what we all need and want it never has and isn't doing it now that's why i told the story about private profit dictating not to produce the ventilators the masks the test and all the stuff we need they did those

corporations what was profitable that wasn't what was good for public health and the same is true in terms of the climate and everything else but you can't go at it piecemeal deal with this absurd issue if we want clean air that's what we have to put the priority on not to put the priority on profit and then wonder why clean doesn't happen or why we don't have the adequate way to deal with the iris and because the fundamentalist notion of profit as somehow holy our real religion is worse in the united states than anywhere else that's one of the reasons why our response to corona was worse than everywhere else you've talked before about how capitalism grew up on the outskirts of feudalism and eventually became the dominant economic system now we see transactions during this crisis that seem to be kind outside of capitalism for example mutual aid organizations are getting

a lot done they're basically just volunteers delivering groceries an assassin he's to those who desperately need them in our neighborhoods and communities. thout profit motive being involved what does it mean that that that so many people are falling through the gaps of our system and do you see a little hope there that there is kind of bubbling up our way of behaving that is outside of the market economy. absolutely i mean i think people even again if they can't quite say it yet because the words stick in your throat in america i think people are understanding just as you begin this conversation we have the capacity to produce ventilators and masks and gloves and all of the region know how to do that we have the people with the skill we have the tool equipment the raw materials and lord knows we have or need to preserve our elk we live in a system or a chain and grain genies obvious components of

a success over economy together just like we can have clean air just like we can have everybody with enough we'd know we have those. it being given a dramatic sign of the failure of the system to get it done i even noticed locally as you put it even ryan year locally people are realizing you can't rely on the supermarket and the whole center and the food processor you might be a lot better off cultivating the farmers in the immediate environment at least for as much of your diet as they can provide norene then having a relationship with them at the regional and local markets people are in track i think as you say discovering they don't depend on capitalism as much as the capitalist want us to believe and they have alternatives that capitalism likewise the capitalist didn't want us to explore and i think one of the outcomes one of the

good things coming out of all the suffering and fear that we live with is a recognition and the. it's light so ironic that chapter little is i'm desperate about its own future has aged and scratched over the last 2 months that make its future even or negative then when they read into this. professor all thank you so much as much as we could squeeze in here stay safe and i hope to see you soon. ok only leisure told you where you are. we have to go to a quick break but stary bear i mean we're going to go and we'll be right back with more show thinking of getting a coupon the ones we got in here she was as he didn't know what to do to strengthen this time you know why are we going to use a crate with him he will just stir freaking out and she will want to spray him anywhere near. breeding dogs or caged in the interview lane conditions on puppy

farm i mean 67 years you know they've been locked up in a cage outside you see no protection from the weather the heat you know the courtier the rain the snow the funder nothing they have no protection. to get you. to get through kids. across the u.s. cruel puppy mills are supported by dog shows and pet stores most of the puppies that are coming from these large scale factory farming kind of operations are being sold in stores even joined a good businesses are involved like the mom center there has been a shocking amount of organized opposition to efforts to increase the standards of care for dogs bred in commercial breeding for so many most of that opposition is coming from huge agricultural groups and industries that have nothing to do with jobs don't buy dog.

shows seemed wrong. why don't we all just don't call. me that is yet to shape out these days to come to advocate and in detroit because of the trail . when something find themselves worlds apart when she's to look for common ground. style demands is to put on a chain your minister could you know a little sponge that same day and chew up at your. home with nothing to do and that i desired to know. how much older the. local just a little earlier that i was going near them still with. me up on the show was still

up. puts them to a new prince not just on thoughts and you will not i'm a little not so nice to me stuff. but the core. welcome back i'm still naomi karev ani you're vergil to this health scape shall we descend the n.y.p.d. the biggest gang in the biggest petri dishes and forcing cove in 1910 singalongs aggressively with a vengeance like they're just everyone is hanging out without them those city officials claim that people ignoring the lockdown should receive no more than a fine and y.p. has been making arrests for handing out yes social distancing is important but the police arrested one brooklyn woman allegedly at

a party then brought her to central booking where she shared a cell with 24 other women for the next 36 hours many think that police increasing their activity in arresting people and throwing them in crowded jail cells for low level crimes will only help to spread the virus and while the police might be immune from law they're not immune to the virus the police department has an infection rate of at least 3.8 percent far higher than the city's overall 0.5 percent and 15 percent employees are calling out sick that's because the police are 1st responders which is an important job but they could also be patient 0 obviously cities should be reducing please contact with the civilian population the police need to be practicing social distancing and not broken windows policing not arresting people and putting them in crowded jail cells then they hear you're supposed to be 6 feet apart and have you ever seen the police wrestling began

like really close like so close the could kiss the person they're arresting. but they never do i always wait and watch i think maybe this could be the beginning of something beautiful but no never on top of that the police are not properly protected the largest police union filed a complaint with the state over alleged and wimpy failure to hew protective gear to cops during the corona virus outbreak now getting stoned by the police is already a punishment because they could be infected now the new york city policy of stop frisk and call on anyone who's out maybe that will convince people to stay inside the woman who was arrested and thrown in a crowded jail cell said she wasn't even part of the gathering that the arresting officers were dispersing but in a parking lot nearby she said a large group of officers wearing no masks approached her and her boyfriend and told them it was time to leave the interaction quickly escalated officers pepper

sprayed 2 people as a crowd gathered to watch what was happening they actually brought the crowd inside that parking lot once they started bothering me she said sometimes the police do have masks but that doesn't stop them from creating a spectacle in the subway and why do so many cops come for one arrest look we're all lonely but you don't need to go out every time your friend and going to arrest a turnstile jumping guy there are things that they could be doing better helpful like this. some kids are going to be really upset when they were in that's not an ice cream truck. not even a choco taco in that car. but that's the way the police should be keeping people

inside socialist social distancing themselves and scaring joggers with a loudspeaker the problem is isolating is not easy for every new yorkers some do not comfortable homes they can stay in some are children some people just need help but the only people out on the street are cops joe's more trujillo a community organizer in east harlem said if i just look down my window the only semblance of government that i would see would be the n.y.p.d. you don't see health department officials out here you don't see people sanitizing public spaces like they did in china it's a glose town except for the police overall arrests are down because you have to go outside and touch people to commit crime so the cops might be bored and looking for something to do and they're probably excited about their new powers to arrest people however this is not the time to increase broken windows policing except you're with a bunch of friends too close to a window and wipe each informant can see you through it and yes they are using

informants for tips on your throwback thursday soiree eighty's costumes won't save you and they're ugly now let's take a look at how the virus is being politicized according to the discourse in the news you can only be one of 2 kinds of people one who believes in a shutdown for eternity and health or one who wants to open the economy and kill your grandpa there's no in between because that's the way the parties have laid it out for us as scientists lowered projections for deaths from covert 19 in large part scientists said because social distancing is working influential conservatives began casting the data as evidence the virus was never really that bad but now it looks like those projections which drove the experts to recommend an aggressive economic shutdown of america were why. wildly off base ok so you can blame the economic downturn on trump or any politician but you can. blame it on numbers

it's a war on men but sorry laura you're late i've been a foot soldier in the war on math ever since i got my s.a.t.'s scores back. verbal was fine they were predicts chin's the experts are not soothsayers there were others warning that if the virus was not that bad in the end then people will say that we went too far what is bad for the conservatives if there isn't a man outside my door pushing a cart of corpses yelling bring out shithead then why is everything still shut down look this shutdown hurts a lot of people not only economically there are millions of children who have their educations put on pause and that's going to hurt mostly poor people even more and now scientists are getting labeled as democratic operatives trying to sabotage trump bid for president in 2020 this is all the wrong way to see it and the democrats are spending way too much time trying to figure out what they can blame

trump for when we really just need to listen to the sound of the wind. i'm kidding listen to the scientists and finally we go to redacted correspondent editors we need to some serious fact checking on the role of voting in american democracy. even as poll workers in florida illinois are coming down with cold it after their state's primaries president trump remains dedicated to in person voting for the november elections for him the risk of the corona virus spreading in crowded polling locations pales in comparison to the dangers of alien voting thousands and thousands of people sitting in somebodies living room signing ballots all over the place no i think that mail in voting is a terrible thing now despite his long record of sober analysis it is perfectly healthy to be skeptical of the president's claims i know the one percent is

insulated but today really not understand that most other people don't have living rooms that can fit thousands of people imagine the catering and what incentive anyway does the criminal underworld have to commit massive voter fraud does he think gangs of bandits are whole the way to living room somewhere counterfeiting money stripping stolen catalytic converters for precious metals and filling out scores of ballots for joe biden show now while election fraud in the form of rigged diebold machines or the shady shadow web used in the iowa caucus is rampant there's very little evidence that the folder from the act of individual voters casting multiple ballots as different people is a large problem or even any problem at all but according to republicans it's an even bigger threat to society than the coronavirus after hillary clinton's popular vote win in 2016 trump convened a panel to investigate the caravans of undocumented immigrants he assured us were

voting illegally because you know undocumented workers trying desperately to not get caught or arrested really want to risk their freedom in order to cast a vote for hillary but the panel found no real evidence of voter fraud before he disbanded it in 2018 he then disbanded the u.s. pandemic response team because they also. couldn't find any evidence of voter fraud now despite trump's claims and mail in ballots make voter fraud more common in 5 states 'd including the republican bastion of utah now conduct all elections almost entirely by mail they report very little voter fraud the specter of voter fraud is clearly an excuse for republicans to make voting more difficult for people they don't want showing up to the polls but they aren't the only ones this week pushing misinformation about voting for partisan and. in response to the widespread dissatisfaction with presumptive democratic nominee joe biden many liberals are

invoking the underprivileged to shame former sanders supporters who plan on either abstaining from the election or shock of all shocks daring to vote for a minor party candidate who actually shares their beliefs the assumption is that nonvoters are rich and white and must largely immune from the harmful consequences of a trump presidency which largely fall on the backs of poor and non white americans while it's true that the americans harm the most by tribes policies are poor and non white the claim that they are the ones voting in large numbers belongs in a fact checkers dungeon of pinocchio. the issue of election turnout has been studied at length and it is overwhelmingly clear that low income and non white americans are much less likely to vote than their comfortable caucasian counterparts democrats often attribute this to voter disenfranchisement laws passed by their favorite foyle the republican party ignoring their own suppression of the latino vote in places like texas and california during this year's democratic

primary while more aggressive republican laws are a factor surveys show the overwhelming reason people stay home is due to cynicism toward or dissatisfaction with the political process and the choices they were presented. imagine that so while both major parties blame the other for defrauding and disenfranchised in the political system it turns out that most americans feel like the political system is defrauding disenfranchising them for fact checkers i mean with redacted to much that's all we have for you tonight but you can get more on youtube dot com slash redacted tonight and download the portable t.v. up to get redacted and more news you can also get my new podcast phil university on i tunes or wherever you get your podcast so tune in tomorrow night for a new episode of redacted tonight stay safe stay sane stay inside and stay fighting good bye for now.

has changed. lives the pharmaceutical companies have a miraculous solution. based drugs the people who are chronic pain and believe that their prescription is working for them in the remedy. to the price that they pay closer dependency and addiction to opiates to long term use that really isn't scientifically just now study actually suggests that. the long term effects may not just be the absence of benefit but actually that they may be causing long to.

live from the world headquarters of the r t america in our nation's capital this is the news with rick sanchez probably doing our part to keep you informed i'm rick sanchez and we want to welcome all of you who are watching us from all over the world especially those of you watching in places like indonesia pakistan and parts of europe in india where we understand so many thousands of people are tuning in by the hour let's start with this there is some sense of light at the end of the tunnel today as the white house has finally unveiled a plan it's just a plan mind you but it's something right for opening the u.s. economy.