Chapter
The Myth of the Free Market Economy
09:44 - 13:47 (04:02)
The idea that we live in a free market economy with a level playing field between labor and the investor class is a myth sold to the American public. In reality, the economic outcomes in the country are not the natural order of things, and the system is not truly a free market.
Clips
Former Federal Reserve Economist Claudia Somm explains the inaccuracies in the argument that improvement in the economy must come at the cost of societal well-being, in comparison to Jamie Dimon's opinions, with insights into macro policy and the significance of household studies.
09:44 - 11:10 (01:25)
Summary
Former Federal Reserve Economist Claudia Somm explains the inaccuracies in the argument that improvement in the economy must come at the cost of societal well-being, in comparison to Jamie Dimon's opinions, with insights into macro policy and the significance of household studies.
ChapterThe Myth of the Free Market Economy
EpisodeThe Problem With Our Not-At-All-Free Market
PodcastThe Problem With Jon Stewart
This podcast explores the myth of the free market economy and how it is used to justify economic inequality in the United States.
11:10 - 13:47 (02:37)
Summary
This podcast explores the myth of the free market economy and how it is used to justify economic inequality in the United States. It argues that the idea of a level playing field between labor and the investor class is a ruse that perpetuates the existing economic order.