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August 18, 2018
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September 1, 2018
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Robbing Main Street/Stopping Trump

History professor, Jack Luzkow, explains the many ways the super-rich are robbing the rest of us. And Ralph asks Constitutional law professor, Corey Brettschneider if the Constitution is capable of stopping Donald Trump.
 

Jack Luzkow is professor of history at Fontbonne University in St. Louis, Missouri. Among a number of publications, he is the author of The Great Forgetting: The Past, Present, and Future of Social Democracy and the Welfare State,” and also “Monopoly Restored: How the Super-Rich Robbed Main Street.” 

“It’s astonishing when 1% of the population can control almost 50% of the wealth. It’s astonishing when 1% of the population controls approximately 24% to 25% of the income. It’s astonishing when the average CEO of a big corporation makes 350 times more than the median income of the employees of the company.” Professor Jack Luzkow, author of “Monopoly Restored: How the Super-Rich Robbed Main Street.”

Corey Brettschneider is professor of political science at Brown University, where he teaches constitutional law and politics, as well as visiting professor of law at Fordham Law School. His new book is The Oath and The Office: A Guide to the Constitution for Future Presidents,” which Kirkus called “required reading for all Americans.”

“It’s not just about the crime that it looks like Michael Cohen said he (Trump) is also guilty of committing.  It’s also about the travel ban, the disregard of the oath. And it’s up to Congress to make that call what a high crime and misdemeanor is. I’ve seen enough – personally – certainly to think that when this next Congress is elected, part of what they should be running on is impeachment.” Professor Corey Brettschneider, author of “The Oath and the Office: A Guide to the Constitution for Future Presidents

14 Comments

  1. Sheila Broatch says:

    Went online to look for a copy of ‘ Monopoly Restored’ and could not find a copy for less that $100. Weird.

  2. David Faubion says:

    Both guests and their respective topics were timely but even more importantly the crises and subordinate issues they expose are all a direct result of militarism.

    Moreover, your Israeli guest next week will likely talk about how militarism had even early on in the Israeli experiment sabotaged a potential win, win, win into another everybody loses. It has always been this, yet it doesn’t have to end this way. Perhaps climate damage will turn the economy to peacism .

  3. Ani says:

    Luzkow’s book, Monopoly Restored, is only available from retailers for $120. Why such a high price? How are people supposed to actually read the book when we can’t come close to affording it?

  4. Donald Klepack says:

    Great show as always especially liked the wrap-up when you challenged drone warefare by all recent presidents. Since Trump does not follow presidential norms, what’s your opinion on Trump removing John Brennan’s security clearance. I was ok with it because he lied to Congress. However Trump said it was removed because of the negative comments made about him on CNN. I know he has the legal right but how do you feel about it.

  5. Stephen Warren says:

    Speaking of robbing Main Street, the book is $120.

  6. Zachary Kramer says:

    Very interested to read Prof. Luzkow’s book, but the price for the digital version is $98! Can this be correct??

  7. liz matthews says:

    Hi, Just wondering if y’all could do a show on the fractional reserve banking system and bitcoin.

    • Marc says:

      Yes! Great call liz. FRB should be the priority between the two. I’m no expert on Bitcoin but I do watch Max Keiser regularly, and he’s a huge supporter of it if for no other reason to undermine our traditional fiat system.

  8. Donna Hart says:

    Schumer just fast tracked 7 young judges for lifetime appointments for Trump and McConnell! The Democrats have sold working people down the river since Clinton! Imam so angry. Its an unforgivable betrayal to the 99%!!!

  9. $113.00 This was the cheapest price for Professor Luzkow’s book, Monopoly Restored…” I hope the public library has it, because I cannot afford the price. What gives, Ralph?

  10. The discussion of Universal Basic Income was interesting, but I think your guest should have more monetary sophistication. I would suggest that it is Wall Street and the Central Banks that have done the most to promote monopoly, with the super-rich being happy partners. You may know that the Green Party has a platform position on monetary reform which advocates a solution such as the NEED Act, introduced in Congress by Dennis Kucinich. The NEED Act is along the same ideas as the so-called Chicago Plan which was formulated in the 1930’s and would eliminate bank creation of money and place Congress in charge of the money supply. I think this would create a scenario in which UBI becomes an important means of issuing money into the economy and taxation is the means of preserving fairness and maintaining stability. Perhaps Mr. Kucinich might be a future guest.

  11. Ben Leet says:

    The nation is failing its middle class, low earning class, and the poor, with low wages and low savings for most. The USCensus report Supplemental Poverty Measure shows that 43% of Americans live in households with income below twice the federal poverty line, and that is after all government transfers and taxes. An earlier SPM report author, Kathleen Short, said in a paper that those living with income below 140% were “unable to achieve a safe and decent standard of living,” and she said that 30% of Americans fell into that poor group. This is a crucial issue, thanks for the show. i listened twice. Unfortunately Mr. Luzkow’s book sells for $115, it was published this last July, I’ll have to wait for it to drop its price. I research inequality; the easiest and most accessible article, A Tale of Two Countries, at the Washington Center for Equitable Growth, states that from 1980 to 2014 the lower earning HALF of U.S. adults have increased their average income by 1%, from $16,000 to $16,200, and the top 1% has tripled its income from $420,000 a year to $1.3 million a year. The gap between the two increased from 27 times to now 81 times. The other good source, this one on wealth distribution, by Edward Wolff, says that the lower saving 40% own a negative amount, owe on average $9,860 per household, while the top 1% own 40% of all wealth, and that comes to $32 million per household. — from his paper “Has Middle Class Wealth Recovered?” from December 2017. .And the Federal Reserve — first their Flow of Funds report shows that nominal wealth has doubled since January 2009, from $48 trillion to now $100 trillion, about $400,000 per adult average. We need to tax financial transactions, and maybe tax wealth directly, as economist James Kwak suggests. But, the other Fed report, Household Well-Being shows that 40% of adults cannot find $400 within 30 days to pay an emergency expense. The average wealth per adult is $400,000 each. What a sad joke on all of us. I hope Ralph keeps inviting guests who will explain our economy where the wealthiest hoard the surplus that all workers are producing. I write a blog, Economics Without Greed. http://benL8.blogspot.com

  12. Kenneth Paderewski says:

    Before anything is done about the list of things to do regarding income inequality and the 1 percent, the threat of death must be made to where the problem begins:

    The Federal Reserve obsession to fabricate money.

    Conjured up Fed money given only to banks, other central banks; loaned to corporations who give themselves pay raises; then watch the rest of society in despair about what it sees as overburdoned, outdated, and barely holding on to a classification as a “good or service” or “infrastructure”.

    Observing inequality in the US oligarch system is like watching a football game between “us and them”.

    But only one team is allowed to “fabricate” its own glorious touchdowns to guarantee victory.

    The under 4 percent unemployment rate is yet another example of the fabricated score in the game of illusion Washington plays.

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