• Guests:
  • Topics:
    • What is it that libertarians and conservatives don't understand about economics?
    • Is this the beginning of the end of predatory capitalism in America? Are they trying out the Mondragon model?
    • Are Americans overpaid or are they simply ignorant of basic economics?
    • Pay for staying away?!" What's wrong with sick pay?
    • Geeky science rocks!
  • 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: "Our labor unions are not narrow, self-seeking groups. They have raised wages, shortened hours and provided supplemental benefits. Through collective bargaining and grievance procedures, they have brought justice and democracy to the shop floor." - JOHN F. KENNEDY, speech, Aug. 30, 1960.
  • Article: Unemployment Hits 10.2%... Obama Sends Us on Path to Economic Ruin by Wayne Root.

    "The recession isn't over. To the contrary, we are in the start of a long-term depression caused by big government, big spending, onerous taxes and government regulations placed on business, too much deficit and debt."

  • Article: Americans are overpaid: For the global economy to rebalance, the pay gap between Americans and the rest of the world must shrink by Martin Hutchinson and Edward Hadas.

    "U.S. workers are overpaid, relative to equally productive foreigners doing the same work. If the global economy is ever to get back into balance, that gap needs to be closed.

    Of course, U.S. workers should earn more than their peers in China, Moldova, or Vietnam. The Americans take advantage of the higher productivity that makes their country rich: better education and infrastructure, abundant capital and a more developed work ethic. But how much higher should U.S. wages be? ...

    Global wage convergence is great for the poor but tough on the overpaid rich. It's possible to run the numbers to show that U.S. manufacturing workers should take average real wage cuts of as much as 20% to get into global balance."

  • Clip:
    "Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.

    This world in arms is not spending money alone.

    It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children.

    The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities.

    It is two electric power plants, each serving a town of 60,000 population.

    It is two fine, fully equipped hospitals.

    It is some 50 miles of concrete highway.

    We pay for a single fighter plane with a half million bushels of wheat.

    We pay for a single destroyer with new homes that could have housed more than 8,000 people.

    This is, I repeat, is the best way of life to be found on the road the world has been taking.

    This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron."
    Dwight D. Eisenhower, April 16, 1953 "The Chance for Peace" speech (mp3).

  • Comments

    Become a Thom Supporter

    Click the Patreon button


    NEW BOOKS FROM THOM






















    Thom Hartmann Radio Program

    Live: Mon-Fri
    Noon - 3pm Eastern
    Live radio | Live TV | Podcast

    Syndicated by Pacifica, and simulcast on Free Speech TV Network on Dish Network and DirectTV, and on radio stations, American Forces Radio, and Sirius/XM. Live in the US, Africa, Europe and across North America - more people listen to or watch the TH program than any other progressive talk show in the world.


    Thom On Your Mobile Device

    Blog Archives