“This is corporate socialism”
TOPICS: Dominion Virginia Power is currently negotiating legislation in the General Assembly that will allow the company to avoid what should be a legally mandated refund to its customers. This is nothing new for corporate America. As David says, “This is not market economics. This is corporate socialism.”
David also discusses his most recent essay in Newsweek: Why Thomas Jefferson Favored Profit Sharing. “Since 1993, almost a quarter of all income growth in the U.S. has gone to the top 1 percent of the 1 percent, about 16,000 households. At the same time, the bottom 90 percent, more than 280 million people, reported less total real income in 2012 than in 1993.”
This conversation is a must-listen for followers of David’s award-winning work and a powerful introduction to the ideas of one of America’s best journalists.
ORIGINAL BROADCAST DATE: Thursday, February 6, 2014.