The BradCast w/ Brad Friedman

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Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com

Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com. Originating on Pacifica Radio's KPFK 90.7FM in Los Angeles and syndicated coast-to-coast and around the globe! NOW FIVE DAYS A WEEK!

'BradCast' 12/8/2021 (Guest: Financial journalist David Dayen on pandemic inflation profiteering)

12-08-2021 (53.57 MB)

On today's 'BradCast':  The pandemic has made it clearer than ever that the U.S. economy has been rigged for years, but the corporate media is failing to inform the American public. Pandemic disruptions have roiled global supply chains and put legitimate pressure on consumer costs, but much of the higher prices are thanks to good old profiteering and price-fixing by big corporations goosing their already-record profits. Financial journalist DAVID DAYEN, Executive Editor of 'The American Prospect', explains how big companies are using inflation as a cover to gleefully raise prices on consumers. Dayen details how companies are using their monopoly power for profiteering, price-fixing and collusion; how policies like just-in-time logistics, deregulation, offshoring and failure to enforce anti-trust law has exposed, in spectacular fashion, the hidden risks created by decades of neoliberal economic gospel; and actions that could roll back corporate profiteering. Also today: new studies examining vaccine effectiveness against the Omicron variant suggest that getting a booster shot as soon as possible is the best way to avoid severe illness. After months of pretend complaints from Republicans and Democratic Senator Joe Manchin that Biden's Build Back Better Act is just too expensive with its social spending of $1.75 trillion over ten years, the House just passed a $768 billion defense bill for one single year of military spending -- $24 billion more than the Biden Administration requested, with much of it going to stuff we will never use and/or will literally blow up. Priorities.

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Duration: 58:30 m - Filetype: mp3 (128 kbps 44100 Hz)