In the world of monetary reformists, there's a clear understanding that
things not only shouldn't continue as they are, they can't continue as
they are -- that systemic failure is upon us as current social and
political outcomes tear at the fabric of civil life. Ellen speaks with
Gar Alperovitz, one of America's most venerable reformist thinkers and
policy experts, about his new "The Next System Project" to help design
and precipitate what should happen next.
Also, maybe the national debt is unnecessary after all -- author Scott Baker talks with co-host Walt McRee about his new book "America is Not Broke,"- 36 minutes in to 44 minutes out.
From the inside jacket cover:
AMERICA IS NOT BROKE!
The unsustainability of the American economy is as familiar as the newscycle. There is no money for social programs, no money to run the government, no money to cut taxes, and above all, we have to cut, cut, cut. But, what if it's not true?Instead of familiar complaints about the national debt, leading to just slicing a shrinking economic pie differently, or worse, to Austerity Economics, the reality is that we already have all the wealth we could ever need. The tried and proven proposals in America Is Not Broke would guarantee America's prosperity, fairness, democracy, and economic and ecological sustainability. Four multi-trillion dollar reforms: Sovereign Money, Georgism, Public Banking, and Ending Government Financial Asset Hoarding, plus a few other major reforms, show how we can have it all, if we only learn where to look.
Matt Stannard reports on the financial travesties imposed by Wall Street on American cities.