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Reality Asserts Itself - Rana Foroohar

The Rise of Finance and the Fall of American Business – RAI with Rana Foroohar (1/6)

May 9, 2018

On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs – with host Paul Jay

Apple, Market Manipulation and the Cult of Personal Finance – RAI with Rana Foroohar

Apple, Market Manipulation and the Cult of Personal Finance – RAI with Rana Foroohar (2/6)

May 9, 2018

On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay

Clinton’s ‘Committee to Save the World’ Unleashes Wall Street – RAI with Rana Foroohar (3/6)

May 9, 2018

On Reality Asserts Itself, Ms. Foroohar says President Bill Clinton’s finance team further deregulated Wall St. including eliminating Glass-Steagall legislation allowing even riskier investments; the Financial Times columnist and author of “Makers and Takers” says this helped create the world’s largest financial institution—Citigroup— headed by Clinton’s former Treasury Secretary Robert Rubin – with host Paul Jay

Sociopaths Rise to the Top – RAI with Rana Foroohar (4/6)

May 9, 2018

On Reality Asserts Itself, Ms. Foroohar says growing inequality and record student, household and corporate debt is creating a dangerous bubble, similar to the lead up to the ’29 crash; the Financial Times columnist and author of “Makers and Takers” says a few on Wall St. see it, but most businesses are doing too well to care – with host Paul Jay

The Rich Have an Escape Plan – RAI with Rana Foroohar (5/6)

May 9, 2018

On Reality Asserts Itself, Ms. Foroohar says many wealthy people understand that the climate crisis, deep recession and war are real threats, but they believe “apres moi le deluge [after me comes the floods];” the Financial Times columnist and author of “Makers and Takers” says many of the rich have escape plans thinking “they can avoid the apocalypse” – with host Paul Jay

Artificial Intelligence in Whose Interests? – RAI with Rana Foroohar (6/6)

May 9, 2018

On Reality Asserts Itself, Ms. Foroohar and host Paul Jay discuss the merging of finance and big tech and the threat AI poses to working people and the economy; they also discuss the potential of AI in addressing the climate crisis and making a more rational and equal society possible – with host Paul Jay