Tuesday 19 January '10 show notes

  • Guests:
    • Alex Epstein of the Ayn Rand Institute who says the "real tragedy in Haiti...why, it's the lack of a free market." Really?!
    • Nobel Prize winning economist Joseph Stiglitz, Professor, Columbia University; former Senior Vice President and Chief Economist of the World Bank; contributing columnist for Mother Jones Magazine; best selling author of numerous books including his latest out today "Freefall: America, Free Markets, and the Sinking of the World Economy" (transcript).
    • Chris Collins, Director of News and Programming & host, WHMP.
    • Shane Brooks, formerly with Tea Party Nation.
    • Raj Patel, activist, author of "The Value of Nothing"
  • Topics:
    • Doesn't Haiti demonstrate the failure of objectivism and libertarianism?
    • Moral Bankruptcy...why are we letting the banksters off so easily?
    • How is the special election in Massachusetts playing out 2/3 of the way through the day?
    • Video he made for You Tube and why he's out Tea Party Nation.
    • How do we save the planet from financial madness?
  • Bumper Music:
  • Today's newsletter has details of today's guests and links to the major stories and alerts that Thom covered in the show, plus lots more. If you haven't signed up for the free newsletter yet, please do. If you missed today's newsletter, it is in the archive.
  • Quote: "Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is in an organized conspiracy to oppress, rob, and degrade them, neither persons nor property will be safe" ~ Frederick Douglass.
  • Member of the day was kathi, who won a copy of "Screwed: The Undeclared War Against the Middle Class – And What We Can Do About It" for blogging:

    Let the REAL Boston tea party begin today, not some phony corporate-sponsored teabagger movement. It’s time for a real revolt by the people of America who are paying for government of, by and for the trans-national corporations.

  • Thom:

    Social Darwinism is the notion that, you know, survival of the fittest; that those who are rich are rich because, or the rich and powerful, are rich and powerful because somehow they deserved it because they were smarter or they were better at doing something or they were more well educated or whatever, and doesn't acknowledge the reality that there are, that first and foremost there are stratas of racial and class and cultural baggage on the one hand and gifts on the other.

    You know, as somebody who was born white into this society I was born with a certain amount of social capital that I could turn into economic capital fairly quickly. Somebody born black into this society, that social capital doesn't go back four, five hundred years like mine does. It only goes back a few generations, if that, and arguably doesn't go back at all. And so we're starting at different points. And to not acknowledge that is, frankly, a crime. But social darwinism never acknowledges those things.

  • Sir Francis Galton.
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