13.3K
Downloads
267
Episodes
EML.media is a multi-brand podcast exploring political economy, labor, art and culture.
Producer and host Evan Papp seeks to build solidarity by universalizing the struggles of our human condition while outlining policy solutions that address the most intractable challenges of today.
Union Solidarity Forever.
Episodes
May 3, 2022
May 3, 2022
59 sec
Excerpt from Wall Street: Money Never Sleeps
You're all pretty much fucked.
They got all these fancy names for trillions of dollars of credit: CMO, CDOs,
SIVs, ABS…
So Mr. Banker starts leveraging his interest 50 to 1, with your money because he could.
40% of all American corporate profits came from financial services, not production, not anything remotely to do with the needs of the American public.
The mother of all evil is speculation, leveraged debt, borrowing to the hilt, it’s a bankrupt business model, won’t work.
It’s systemic, malignant and is global like cancer.
It's a disease and we got to fight back.
How are we going to do that?
How are we gonna leverage that disease back in our favor?
#PolEconProject
#Labor
#Capital
#Oligarchy
#1U
#UnionStrong
#LaborRadioPod
No comments yet. Be the first to say something!